In this paper, A Modified Booth Recoding with Zero Bypassing technique for Low Power and High Performance Multiplier is proposed. In CMOS digital circuit design, the power and area are the main concerns. The proposed multiplier reduces the area and power consumption compared to the existing multipliers. In this paper, modified booth recoding technique and Encoder circuit and Zero bypassing Techniques are used. In this proposed multiplier, the numbers of partial products are reduced by using booth recoding with zero bypassing technique. The proposed multiplier is simulated and synthesized by using Xilinx 10.1 ISE design tool. The Total power is calculated by using XPower Analyzer.