Hi Venkata,
Nice!
You can shorten it slightly as follows:
=MID(A1,LEN(A1)-SUM(LEN(A1)-LEN(SUBSTITUTE(A1,{1,2,3,4,5,6,7,8,9},"")))+1,LEN(A1))
Give some thought to how you would extract numbers from the following strings also:
1234ABC --> result should be 1234
ABC1234DEF --> result should be...