In the present investigation, the microstructural and mechanical properties study of A356 alloy have been discussed. The microstructural aspect of cast A356 alloy employed in the present study is strongly dependent on the grain refinement (Ti and B) and modification (Sr). The mechanical properties such as PS, UTS, %E, %R, YM and VHN have been investigated. This paper deals with the combined effect of grain refinement and modification, which improves the overall mechanical properties of the alloy. It is also a well-known fact that the mechanical properties of cast A356 alloy were improved by subjecting suitable melt treatment such as grain refinement, modification and mould vibration, etc. The quality of castings and their properties can be achieved by refining of alpha-Al dendrites in A356 alloy by means of the addition of elements such as Ti and B which reduces the size of alpha-Al dendrites, which otherwise solidifies with coarse columnar alpha-Al dendritic structure. In addition, modification is normally adopted to achieve improved mechanical properties. Metallographic studies reveal that the structure changes from coarse columnar dendrites to fine equiaxed ones on the addition of grain refiner and further, plate like eutectic silicon to fine particles on addition of 0.20% of Al-10Sr modifier. The present result shows that a reduction in the size of alpha-Al dendrites, modification of eutectic Si and improvement in the mechanical properties were observed with the addition of grain refiner Al-3Ti, Al-3B and modifier Al-10Sr either individual addition or in combination. The change in the microstructure from coarse columnar alpha-Al dendrites to fine equiaxed dendrites and plate like eutectic silicon to rounded particles leads to improved mechanical properties.