The single point incremental forming process (SPIF) is materialized to form the desired shapes in low-cost sheet metal processing and well suited for low batch components and customized designs. Many modifications have been attempted in recent years to maximize the formability, geometric accuracy and quality of the SPIF formed parts. In this work, an attempt has been made to analyse the influence of process parameters namely ball tool diameter, step size, spindle speed and sheet thickness on final wall thickness, forming force and surface roughness. The optimized results exhibit the desirable formability when the roller ball tool diameter of the tool is 12 mm. The results also project that formability of the sheet metal is minimized when the spindle speed is increased and the ball diameter maximizes the accuracy and surface roughness. Also minimizing the step size increases the product quality features. Upon conducting this multi-response optimization by grey based response surface methodology (RSM) technique It is identified that 12 mm ball diameter of the tool, 0.25 mm step size, 2445 rpm spindle speed, and 2 mm sheet thickness are the obtained optimized SPIF process parameters as confirmed through confirmation experiments.