Nanoscience is assumed to have capability to change the efficiency of the current electronic and electrical devices. So nanotechnology is being developed to achieve the same. Various kinds of nanomaterials are being prepared such that they show tremendous properties at the nanoscale dimensions. Hence, it is worth studying about the synthesis of nanomaterials. The information that we present in this paper corresponds to a basic review on the synthesis and recent work done on nanomaterials. The distinctness of this review is that, the classification and major types of nanomaterials has been reported. The literature was collected through internet, from various available sources. The synthesis methods that have been discussed are sputtering, hydrothermal, microwave assisted, and electrochemical and chemical reduction methods.