The contemporary Indian writing in English allows a significant space for the elements of History and Myth in all kinds of literary works. In particular, many fiction writers attempt to recreate important historical events and to retell the mythological stories in their unique style. The two great Indian epics, the Ramayana and the Mahabharata are presented in different versions and myriad perspectives. Shashi Tharoor’s The Great Indian Novel is one such version of the Mahabharata which reflected the face of postcolonial India with all its harsh realities. Tharoor, who is often acclaimed for his language skills, has retold the epic through his novel by coating the historical figures and events with interesting fictional components. Though the novel has been filled with allusions and other literary devices, he created an interesting allegorical figure through the character of Draupadi Mokrasi. The paper attempts to explore the narrative strategies used in the depiction of the character as the major allegorical figure and how far those features assist in highlighting the theme of the novel.