Filamentous fungi play an important role in the production of a range of useful extracellular hydrolytic enzymes for wide industrial applications. The Western Ghats region is known for its rich microbial biodiversity and could be a potential source of several useful fungi that could be exploited for the production of industrially important enzymes. From this soil, we aimed at the isolation of multienzyme producing fungi, optimization of the culture conditions using solid-state fermentation (SSF), partial purification of enzymes and characterization by zymography. Out of seven fungal strains, two isolates, namely Penicillium citrinum and Aspergillus clavatus, were found to produce amylase and cellulase enzymes maximally. The effect of different physicochemical parameters on the production of amylase and cellulase was investigated and the maximum production of multienzymes was achieved in wheat bran substrate. The newly formulated and optimized medium increased the multienzyme production in P. citrinum and A. clavatus as compared to medium with individually optimized parameters. Further, for the first time, different isoforms of amylase and cellulase have been identified from P. citrinum and A. clavatus by zymography. In summary, the present study showed that the filamentous fungi can utilize the industrial waste product such as wheat bran as the substrate for multienzymes production by SSF and could be a promising source of enzymes for biotechnological applications.