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The synthesis of cost-effective and safe polymeric nanocomposite materials has been a subject of interest and study for material science researchers. Poly (N-Methyl Aniline) –Li nanocomposite has been synthesized by a one-pot in-situ method and has been explored as an electrolyte in the battery. Poly (N-Methyl Aniline)-Li nanocomposite prepared, has been characterized by UV-visible, FTIR, FE-SEM, X-ray diffraction techniques. A mechanism of interaction of lithiumion with nitrogen at the imine site has been proposed. The charge-discharge process of poly (N-Methyl Aniline) –Li nanocomposite, when used in the battery, has been discussed.