The present invention discloses an improved process for the preparation of crystalline Form-V of etoricoxib of Formula (I), The process comprises: (e) providing etoricoxib in known crystalline forms (f) treating etoricoxib of step (a) with one or more of suitable ester solvents (g) removing the solvent to obtain etoricoxib and (h) drying obtained etoricoxib at ambient temperature to obtain crystalline Form-V of etoricoxib.