Polyaniline powder in nanosize has been synthesized by chemical oxidative route. XRD, FTIR, and TEM were used to characterize the polyaniline powder. Crytallite size was estimated from XRD profile and also ascertained by TEM in the range of 15 to 20 nm. The composite absorbers have been prepared by mixing different ratios of polyaniline into procured polyurethane (PU) binder. The complex permittivity (epsilon'-j epsilon") and complex permeability (mu'-j mu '') were measured in X-band (8.2-12.4 GHz) using Agilent network analyzer (model PNA E8364B) and its software module 85071 (version 'E'). Measured values of these parameters were used to determine the reflection loss at different frequencies and sample thicknesses, based on a model of a single layered plane wave absorber backed by a perfect conductor. An optimized polyaniline/PU ratio of 3:1 has given a minimum reflection loss of -30 dB (99.9% power absorption) at the central frequency 10 GHz and the bandwidth (full width at half minimum) of 4.2 GHz over whole X-band (8.2 to 12.4 GHz) in a sample thickness of 3.0 mm. The prepared composites can be fruitfully utilized for suppression of electromagnetic interference (EMI) and reduction of radar signatures (stealth technology).