Today social transformation is fast as evident in many parts of the world. It has triggered changes in functional dynamics of many professions. Teaching is one such profession. Teachers are assuming greater responsibilities with changing time and carving their niche once again to face challenges of present time. In our country such changes have been primarily driven by economic growth and technological advances especially in post 1990s. With liberal economic policy Indian society has witnessed increased upward social mobility. It has impacted the young generation in different ways. Teachers not only perceive their role changing, but have developed mechanisms to cope with this situation. It is against this background that an effort has been made through this article to get a brief understanding of role and challenges of teachers in contemporary Indian society