Cage culture has tremendous potential to enhance the fish production from inland open water resources of the country. Presently Indian freshwater cage culture is dominated by Pangasius and tilapia, but there exists enormous opportunity for species diversification based on regional preference and market demand. The present study was conducted in cages installed at Palair reservoir in Khammam district of Telangana. The fish species such as Labeo rohita (Avg. initial size: 3.27 ± 0.45 g), Catla catla (4.32 ± 0.78 g), Labeo rohita (Jayanti variety) (8.54 ± 0.89 g), Macrobrachium rosenbergii (4.94 ± 0.6 g) and Pangasianodon hypophthalmus (3.35 ± 0.48 g), were prioritized and stocked in the CIFRI GI model cages. The fishes were fed with compounded artificial feeds. After 150 days of culture, the avg. weight of L. rohita, C. catla, L. rohita (Jayanti) M. rosenbergii and P. hypophthalmus were, 52.65 ± 5.558 g, 33.41 ± 4.608 g, 78.14 ± 5.729 g 21.46 ± 2.517 g and 178.25 ± 10.089 g respectively. The growth performance and survival of Jayanti rohu was found impressive as compared to normal rohu. The present experiment indicates that the fish species such as Jayanti rohu and fresh water prawn can be used as potential candidate species for diversification of inland freshwater cage culture.