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The present invention provides a catalyst composition for use in a catalytic cracking process, said catalyst composition comprises 3.5 to 15.5% of pentasil zeolite, 9 to 40% of ultra-stable Y (USY) or rare earth exchanged USY (REUSY) zeolite, 3.5 to 15% of large pore active matrix based bottom up gradation component and 0.3 to 3% of a metal trap component, the percentage being based on weight of the catalyst composition. The present invention also provides a process for preparing the said catalyst composition and a catalytic cracking process comprising contacting the said catalyst composition with a feedstock.