The study was carried out to enhance the utilisation of the waste products from the food processing industries. Fruit peels are the major by product of any food processing industry. These fruit peels, as a waste product, causes tremendous investment of capital to decompose it safely and to prevent any environmental pollution. If these waste products can be converted as a raw material for the production of any bioactive compounds, then it will keep the food processing industries free from investing its capital in decomposing these wastes. Instead, it can be used efficiently for any useful products, giving them an extra profit. The fruit samples studied in our work were Maclura pomifera (Orange), Punica gramatum (Pomegranate or Anar), Musa balbisiana (Banana), Citrus limetta (Sweet lime or Mousambi), Malus domestica (Apple), Carica papaya (Papaya), and Mangifera indica (Mango). The fruit peels were collected from Vellore district of Tamilnadu. The fruit peel extracts were prepared using water as a solvent. The Reductive power assay was used to determine the antioxidant property and well diffusion assay for the antibacterial property. The absorbance of the sample, observed in spectrophotometer at 595nm for different concentrations is being compared for fruit peel extracts in order to analyse the antioxidant property and the zone of exclusion is being studied for determination of antibacterial property of the fruit peel extracts. Apple peel extracts were found to have the maximum antioxidant activity and pomegranate peel extract was found to have the maximum antibacterial activity, among the fruit samples studied.