The festival of ‘Holi’ is proving to be an environmental risk due to the toxic colors used during the celebrations. Unlimited and uncontrolled use of such dyes can lead to grave consequences in terms of human health and ecological balance. These colors are highly structured polymers and are very difficult to decompose biologically. This study was taken up with an initiative to determine the extent of effects that the ‘Holi’ colors have on water and soil, respectively. The bacteria inhabiting these contaminated water and soil samples were isolated for biochemical analyses. Their ability to degrade these dyes was determined after optimization studies. Toxic trials were conducted on certain bacterial cultures and Triticum vulgare to check their impact on the other living flora and fauna in their surrounding environment. After carefully monitoring the dye degradation capacity of these bacteria, they were used for bioremediation purposes, giving promising results. The impact assessment and damage control led to safer methods of getting rid of the ‘Holi’ dyes, in order to save our environment.