Emotional Intelligence has become a very popular topic of research in academia and corporate world in last two decades. Emotional Intelligence has been advocated as an important predictor of success in personal and professional life by researchers. Some researchers have raised questions about the validity of these claims made about the role of emotional intelligence in personal success and have highlighted the lack of adequate empirical evidences to support these claims. This study is an effort to extend the empirical base of research on emotional intelligence. The relationship of emotional intelligence with well-being and achievement goals of an individual is explored in Indian context. Further the influence of demographic variables on emotional intelligence, well-being and achievement goals is also explored. This kind of study becomes essential because very less work has taken place on emotional intelligence and no significant or authoritative work on these variables has been carried out from Indian perspective.