Fe-based coatings reinforced with TiC particles exhibit outstanding properties and are widely recognized as highly promising coatings or components with superior performance. In the present study, composite materials using a powder mixture of AISI 316 stainless steel and TiC particles were deposited by vacuum plasma spraying onto a S235 low alloyed steel substrate. The coating and the base material were characterized in terms of microstructure and surface properties. The metallographic analysis of the deposited coating revealed the uniform distribution of the TiC into the stainless steel matrix. The results show that the presence of tungsten carbide particles improved the hardness and tribological properties of the composite coating compared with the S235 base material. The wear resistance of the coating was approximately seven times higher than that of the low alloyed steel substrate. The electrochemical corrosion resistance of the coating in chloride media was much higher than that of the base material.