Composites of SmCo 5 -FeNi and SmCo 5 -FeCo, hard-soft magnetic materials, have been synthesized via electroless plating of magnetically hard SmCo 5 powder particles with magnetically soft FeNi and FeCo, respectively. The influence of coating thickness of soft magnetic layers on the structure and magnetic properties of the composite has been studied. Overall FeNi coating was found to be less dense compared to FeCo for the same plating duration. Structurally the coat ing was found to be nodular in morphology. These coating have dramatic effect on the overall magnetic property of the composite. As compared to FeNi coated SmCo 5 composite, two-fold increase in the saturation magnetization has been observed upon coating SmCo 5 (M s ~ 28 emu/g) with FeCo to a value 56 emu/g. The coercivity of composite powder was found to decrease with increasing the coating layer thickness. The absence of exchange spring behavior in the hard-soft composite is attributed to magnetically soft layer thickness exceeding the theoretical length limit for exchange-spring coupling.