This article report is based on the novel synthesis of Ag Nps (TA), Fe Nps (TF) and Ag-Fe Nps (TAF) nanocomposites, using ethanolic extract of Clitoria ternatea as a bio-reductant and characterized by various spectral techniques such as UV-visible spectrophotometry (UV), Fourier transform infrared spectrometry (FT-IR), Scanning electron microscopy (SEM) and Energy dispersive micro analysis (EDAX). The synthesized bimetallic nanocomposite TAF was investigated for its pharmacological efficacy. The synthesized TAF bimetallic nanocomposite has been subjected to analyse its potential as photocatalyst in the removal of methyl red dye.