ASTROSAT is India’s first astronomy satellite that will carry an array of instruments capable of simultaneous observations in a broad range of wavelengths: from the visible, near ultraviolet (NUV), far-UV (FUV), soft X-rays to hard X-rays. There will be five principal scientific payloads aboard the satellite: (i) a Soft X-ray Telescope (SXT), (ii) three Large Area Xenon Proportional Counters (LAXPCs), (iii) a Cadmium-Zinc-Telluride Imager (CZTI), (iv) two Ultra-Violet Imaging Telescopes (UVITs) one for visible and near-UV channels and another for far-UV, and (v) three Scanning Sky Monitors (SSMs). It will also carry a charged particle monitor (CPM). Almost all the instruments have qualified and their flight models are currently in different stages of integration into the satellite structure in ISRO Satellite Centre. ASTROSAT is due to be launched by India’s Polar Satellite Launch Vehicle (PSLV) in the first half of 2015 in a circular 600 km orbit with inclination of ~6 degrees, from Sriharikota launching station on the east coast of India. A brief description of the design, construction, capabilities and scientific objectives of all the main scientific payloads is presented here. A few examples of the simulated observations with ASTROSAT and plans to utilize the satellite nationally and internationally are also presented.