The mysterious and enormous influence that black holes have on the cosmos has long fascinated both scientists and the general population. Although black holes have long been known to exist, much about their birth and early development is still a mystery. This extensive study paper explores the most recent findings in science and theoretical frameworks in an effort to clarify the mysteries. The goal of this paper is to offer a comprehensive overview of this basic part of black hole physics by methodically examining the pathways of formation, the impact of cosmic environments, the interaction between host galaxies and black holes, and various astrophysical processes. Some important results are that different types of black holes have been found, the conditions and thresholds that are necessary for black hole formation have been described, the complicated relationship between black holes and the gas and dust around them has been better understood, and fascinating new information. By bringing these results together in a logical fashion, we may better understand the complexities of black hole formation and move forward in our understanding of these mysterious cosmic objects.