How do I create multiple lists from java Map using Stream?

Using Collectors.groupingBy, you can generate a Map from your Key to a List of Values, provided you can compute the Key from the Value. Alternatively, you can use Collectors.toMap, provided you can compute both the Key and the Value from an upstream element. You probably want the version of toMap with a merge function, because that will allow you to handle multiple keys with the same value (by putting them in a list together).

Edit:
If you want ordering, there are overloads for toMap and groupingBy that allow you to provide a mapFactory (Supplier<Map>) , such as TreeMap::new.

To invert a map, so that its distinct values become keys, and its keys are added to a collection under the corresponding value, use groupingBy() on the map entries. It's important that the values from the original map implement equals() and hashCode() correctly to be used as a key in the new hash table .

static <K, V> Map<V, Set<K>> invert(Map<? extends K, ? extends V> original) {
  return original.entrySet().stream()
    .collect(Collectors.groupingBy(
      Map.Entry::getValue, 
      Collectors.mapping(Map.Entry::getKey, Collectors.toSet())
    ));
}

If you want to groups to be sorted, you can create a specialized "downstream" collector:

static <K, V> Map<V, SortedSet<K>> invert(
    Map<? extends K, ? extends V> original, 
    Comparator<? super K> order) {

  Collector<K, ?, SortedSet<K>> toSortedSet = 
     Collectors.toCollection(() -> new TreeSet<>(order));
  return original.entrySet().stream()
    .collect(Collectors.groupingBy(
      Map.Entry::getValue, 
      Collectors.mapping(Map.Entry::getKey, toSortedSet)
    ));
}

Please find below code for the same by using Collectors.groupBy() :

                List<Details> employeeList = Arrays.asList(new Details("Pratik", "Developer"), new Details("Rohit", "Manager"), new Details("Sonal", "Developer"), new Details("Sagar", "Lead"), new Details("Sanket", "Lead"));       

                Map<String, List<Details>> collect = employeeList.stream().collect(Collectors.groupingBy(x-> x.getDesignation()));
                System.out.println("Checking details "+ collect);