This paper reports on the structural and magnetic properties of a ball-milled powder sample of (Fe1−xMnx)75P15C10 (x = 0, 0.05, 0.1, 0.2, and 0.3) mixed metallic amorphous ribbons. X-ray diffraction patterns of the as-made powder samples demonstrate a structural phase transition from amorphous to the nanocrystalline structure having a tetragonal (P) type structure. Field emission scanning electron microscopic micrographs show that the particles form a nanocrystalline structure presumably due to the stress relaxation upon ball milling the amorphous ribbons. The observed phase transformation and the changed magnetic properties, e.g., significant enhancement in the coercive field leading to magnetic hardness, are attributed to the controlled milling and Mn substitution in this mixed metallic alloy system, which is the novelty of this research work.