An efficient, and simple protocol for the synthesis of extremely functionalized pyrano[3,2‐c]chromen‐5‐ones (4 a–v) has been developed. One‐pot multicomponent cyclo‐condensation of 4‐hydroxycoumarin, aromatic‐aldehydes, and (E)‐N‐methyl‐1‐(methylthio)‐2‐nitroethenamine (NMSM) catalyzed by ionic liquid [(EMIM)Ac] in two different methods as methanolic mediated and at solvent free condition is described which presumably involve the Knoevenagel reaction succeeding Michael‐addition and O‐cyclization with elimination of methanethiol. The noteworthy features of this protocol are use of ionic liquid as catalyst, good to excellent yield, optimum reaction time with easy experimental procedure. The prepared derivatives were characterized by IR, 1HNMR,13CNMR and HRMS spectroscopic techniques.