Solvent-less synthesis of nanostructures is highly significant due to its economical, eco-friendly and industrially viable nature. Here we report a solid state synthetic approach for the fabrication of Fe
3
O
4
@M (where Mâ=âAu, Ag and Au-Ag alloy) core-shell nanostructures in nearly quantitative yields that involves a simple physical grinding of a metal precursor over Fe
3
O
4
core, followed by calcination. The process involves smooth coating of low melting hybrid organic-inorganic precursor over the Fe
3
O
4
core, which in turn facilitates a continuous shell layer post thermolysis. The obtained core-shell nanostructures are characterized using, XRD, XPS, ED-XRF, FE-SEM and HR-TEM for their phase, chemical state, elemental composition, surface morphology, and shell thickness, respectively. Homogeneous and continuous coating of the metal shell layer over a large area of the sample is ascertained by SAXS and STEMÂ analyses. The synthesized catalysts have been studied for their applicability towards a model catalytic hydrogen generation from NH
3
BH
3
and NaBH
4
as hydrogen sources. The catalytic efficacy of the Fe
3
O
4
@Ag and Ag rich alloy shell materials are found to be superior to the corresponding Au counterparts. The saturation magnetization studies reveal the potential of the core-shell nanostructured catalysts to be magnetically recoverable and recyclable.