A reassessment of the freshwater Bryozoa (Phylactolaemata) has carried out for two years at Kagzipura lake, 40 km northwest of Aurangabad, Maharashtra, India. Collected samples were primarily identified on the basis of their colony morphology and statoblast features under light microscope, and species identification was confirmed on the basis of Scanning Electron Microscopic Images (SEM) of statoblast and standard keys of freshwater Bryozoa. In the present study we are reporting two bryozoan species first time at Kagzipura lake which were not reported earlier at this region. So this paper has updated the bryozoan diversity of Kagzipura lake with two more species i.e. Hyalinella lendenfeldi (Ridley, 1886) and Plumatella bombayensis Annandale, 1908. The present study also provided brief descriptions of these species, including images taken with light microscope and Scanning Electron Microscope.