In the last decade, there has been an increasing trend in the exploitation of indium chalcogenides in various applications which range from water splitting reactions in renewable energy to degradation of dyes in environmental rehabilitation. This trend is attributed to the interesting and unique properties of indium chalcogenide nanomaterials which can be easily tuned through a common approach: particle size, shape and morphology engineering. In this chapter, we outline the preferred attributes of indium chalcogenide nanomaterials which are deemed suitable for recent applications. Furthermore, we explore recent reaction protocols which have been reported to yield good quality indium chalcogenide nanomaterials of multinary configurations, e.g. binary and ternary compounds, among others.