Disclosed herein is novel process of Atovaquone, which process includes reacting 1,4-naphthoquione with trans-4-(4-chlorophenyl) cyclohexane carboxyane carboxylic acid followed by halogenation to obtain dihalo-compound, further dehydrohalogenation of dihalo-compound to obtain monohalogeno-compound, and hydrolysis of the monolageno-compound to obtain Atovquone.