Intranodal Palisaded Myofibroblastoma (IPM) also called Intranodal hemorrhagic spindle cell tumor with amianthoid fibres is a rare benign mesenchymal tumor of lymphnode. It was misdiagnosed as schwannoma in the past. The lesion typically presents as a painless, solitary swelling with a great predilection to inguinal nodes. Approximately 55 cases have been reported in the literature since it’s characterization in 1989. We present a 45 year old female case with painless right inguinal mass since 5 years, who underwent surgical excision and diagnosed as IPM on histopathological examination and confirmed by histochemical stains and Immunohistochemistry.