A series of β-TCBD (1,1,4,4-tetracyano-buta-1,3diene)-appended porphyrins, M-TCBD (M = 2H, Co(II), Ni(II), Cu(II), and Zn(II)), was synthesized from 2,3-diphenylethynyl-12nitro-meso-tetraphenylporphyrin, H 2 -PE 2 , and characterized by various spectroscopic techniques and electrochemical studies. The reaction proceeds via [2 + 2] cycloaddition and retroelectrocyclization reactions of tetracyanoethylene (TCNE) with H 2 -PE 2 . The observed unusual reduction potentials in the cyclic voltammograms of the synthesized porphyrins in the range of −0.06 to −0.10 V are the consequence of the TCBD moiety present at the β-position of the porphyrin macrocycle. Notably, these porphyrins exhibited three porphyrin ring-centered reductions due to extended π-conjugation. The higher nonlinear optical response exhibited by the M-TCBD series as compared to the precursor (H 2 -PE 2 ) was attributed to the existence of intramolecular charge transfer and enhanced polarization in the M-TCBD series. The single-beam femtosecond Z-scan measurements were performed to elucidate the third-order nonlinear optical properties, and the temporal response of these porphyrin molecules was investigated using optical pump−probe spectroscopy to study the excited state absorption dynamics. Zscan measurements revealed that Co-TCBD exhibited a higher nonlinear optical response as compared to free base porphyrins. The two-photon absorption coefficient (β) and the imaginary part of third-order nonlinear optical susceptibility (χ (3) ) were obtained from the open aperture experiment, whereas the close aperture experiment delivered the magnitude and the sign of the nonlinear refractive index (n 2 ) and the real part of χ (3) . Furthermore, the femtosecond transient absorption spectroscopy revealed a faster relaxation dynamics of various absorption processes in a picosecond timescale. The excellent optical limiting threshold (1.90−2.33 × 10 15 W/m 2 ) of the synthesized porphyrins makes them good materials for laser protection and high-power laser operation.