Plants counter an array of stresses by generation of a group of stress-related proteins, often referred to as the chaperones. Expression of these chaperones is induced in response to almost all kinds of stress. However, there are numerous evidences showing that these chaperones are vital for survival even under normal physiological conditions. They act as key modulators in physiological stress response and acquired tolerance. Research carried out over the past several years has clearly established that these chaperones are involved in diverse cellular functions such as folding, accumulation, translocation and degradation of proteins. Thus, these evolutionary conserved proteins affect a broad array of cellular processes. Gaining knowledge about this cellular chaperone machinery is of immense significance to understand the mechanism of interdependent stress-related cross talk in plants and ultimately, for the crop improvement programs.