The present invention relates to a novel, synergistically effective composition for topical application comprising alpha arbutin, sohakuhi extract and a process of preparing the same. More particularly, the invention pertains to a composition for topical application comprising alpha arbutin, sohakuhi extract, niacinamide and hyaluronic acid wherein the composition is effective in inhibiting tyrosinase activity in substantial manner. The composition leads to a significant improvement in skin texture appearance over the application of skincare formulations containing this complex. The appearance shifted towards the finer, anisotropic features characteristic of illuminated skin while the appearance of hyper pigmentation was significantly improved.