AbstractBixa orellana L. seeds possess a resinous lipid (6.3 %), which has a pungent and spicy odour. The seed is known for its medicinal properties such as anti‐inflammatory, antipyretic activity and as a cure for tonsilitis. Trachyspermum copticum L. seed is a well known digestive aid and relief from colic pain. T. copticum possesses essential oil rich in thymol (>50 %) and lipid (15.6 %). The present study was aimed to quantify lipid classes of these two species by silicic acid chromatography and analyze their fatty acid composition by gas chromatography (GC) and gas chromatography–mass spectrometry (GC–MS). It was observed that the seed lipids are rich in neutral lipids with 98.1 and 95.2 % and lower quantities of glycolipids of 1.5 and 3.8 % and phospholipids of 0.36 and 1.0 % in B. orellana and T. copticum, respectively. The fatty acid composition of B. orellana seed lipid showed major quantities of palmitic (26.9 %), linoleic (26.1 %), oleic (17.5 %), linolenic (15.1 %), stearic acid (10.8 %) and small quantities of eicosanoic acid (3.6 %). In T. copticum seed lipids, petroselinic acid (68.3 %) and linoleic acid (25.3 %) together constituted 93 % of the total lipid. The results revealed that the lipids after recovery of the essential components namely, bixin and volatile oil from B. orellana and T. copticum, respectively can be further explored for industrial applications.