Intumescent-flame-retarded polypropylene (PP-IFR) composites were prepared by the incorporation of methyl hydrogen siloxane treated ammonium polyphosphate and dipentaerythritol in a twin-screw extruder. The effects of zeolite (Z), multiwalled carbon nanotubes (CNTs), and maleic anhydride grafted polypropylene on the flame retardancy, mechanical properties, and thermal stability of PP-IFR were investigated. The addition of Z and CNT promoted the flame retardancy of PP-IFR, and the highest limited oxygen index was 35.6%, obtained on PP-M-IFR-2-Z, for which the heat-release rate, total heat release, and smoke production rate based on cone calorimetry analyses decreased by 45.0, 51.0, and 66.3%, respectively, in comparison with those values of the PP-IFR composites. Additionally, scanning electron microscopy analyses showed that there was a good interface interaction between the polypropylene matrix and additives. The flexural, tensile, and impact strengths of the PP-IFR composites were improved significantly with the incorporation of CNT.