JFET_V11_N2_RevP1 K. Aruna K. Raghavendra Rao P. Parhana Journal on Future Engineering and Technology 2230 – 7184 11 2 25 36 Nanotechnology, Nanomaterial, Classification, Sol-gel, Chemical Vapour Deposition (CVD), Ball Milling, Graphite, Fullurenes, Carbon Nanotubes In the present scenario, Nanophysics and Nanochemistry are relatively new areas of science arisen in the last decade after the discovery of fullerenes and nanotubes. Nano sized materials are used in numerous applications ranging from electric storage device, science and engineering, which will bring a wave of radical innovation . It has a potential broad impact, spark in various application areas such as: drug delivery to treat tumour, cancer (without using radiotherapy & chemotherapy), solar energy, batteries, display technologies, Opto-electronic devices, semiconductor devices in nanoelectronics, biosensors, CNT's etc. The expectations on nanomaterials are enormous as their unique Mechanical, Optical, Electrical, Magnetic, Thermal and Catalytical properties make them special ingredients for a number of applications. This paper describes introduction to the most interdisciplinary integrated modern science known as nanotechnology. Classification and properties of nanomaterials, synthesis of Nanomaterial, and its growth, significance, applications in various fields. The new material terminologies associated with this field. This paper gives a short overview of some of the different types of nanomaterials such as graphite, fullerenes and carbon nanotube, etc. November 2015 - January 2016 Copyright © 2016 i-manager publications. All rights reserved. i-manager Publications http://www.imanagerpublications.com/Article.aspx?ArticleId=4820