Polyindole (PIn) is hetroatomic organic molecule which belongs to the fused-ring family have emerged in the past several decades as promising materials due to their unique physical and electrochemical properties. PIn was successfully synthesized by chemical polymerization of indole. Properties of PIn can be improved by mixing polymer with conducting metals, metal oxide, carbon nanocomposites and other materials. Polyindole nanocomposites (PNCs) were characterized through various spectral, thermal and electrical methods. FT-IR (Fourier transform infrared spectroscopy) spectra confirmed the formation of PNCs and SEM (Scanning electron microscopy) reveal the microstructure of surface of PNCs. Thermal characterization revealed that thermal stability of PNCs increases with addition of metal, metal oxide, carbon nanocomposites and other materials. These studies revealed that PNCs of PIn with other metals have an important influence on supercapacitors electrochemical devices, catalysis, anticorrosion, diodes, sensor and biology related applications. This review provide an overview of the preparation of PIn and their composites, followed by their application in various fields with future perspectives.