The present invention relates to a herbal composition comprising a therapeutically effective amount of an extract of the plant Terminalia elliptica as an active ingredient and optionally, a pharmaceutically acceptable carrier. The invention also relates to a process for the preparation of the extract. The invention also relates to a method for the treatment of metabolic disorders using the composition. The present invention also relates to a composition comprising a therapeutically effective amount of an extract of the plant Terminalia elliptica for use in combination with one or more further therapeutically active agent for the treatment of metabolic disorders.