Multi component Lithium disilicate based glasses containing P2O5 have been synthesized by conventional melt quenching technique. The replacement of (Li2O+SiO2) by P2O5 and its nucleating effect has been discussed. Structural features of glasses were evaluated by DTA, FTIR and Raman spectroscopy. The glass samples have been converted into glass ceramics by following three stage heat treatment schedule. XRD, FESEM, HAADF imaging and EDX analysis has been carried out for glass ceramics. Vickers microhardness and Vickers indentation fracture toughness of all the glass ceramics have been measured. UV–Visible spectroscopy study has been carried out for glass ceramics to investigate the optical properties. The glass ceramic with 1.5 mol % P2O5 has highest transmittance. Glass ceramics with P2O5 ≥1 mol % having Li2Si2O5 as main phase exhibit high Vickers microhardness (Hv) about 6.71-6.82 GPa which is suitable for dental and armor applications.