Hi, I am having a file which has lot of texts. Actually the texts are in outline format as fills,strokes,etc. Is it possible to convert them to an editable text using any option.
Unfortunately, the long answer is no.
You will have to recreate it if you need live Type.
Unless it is hidden somewhere in another layer or something.
You may ask the creator for the live Type version. Note that you will have to have the some font(s) on your machine.
Not in Illustrator. You can use Acrobat to recognize text, and use a website (like http://www.myfonts.com/WhatTheFont/) to determine the correct font. This method is commonly used to convert scanned text to live type, but it also works on outlined type.