Synthesis of polyaniline and hybrid carbon nanotube reinforced polyaniline nanocomposites by various methods has discussed in this review. Different routes used for functionalization of carbon nanotube have been reported. The electrical, mechanical, and thermal properties of polyaniline/carbon nanotube nanocomposites are also discussed. The dispersion of functionalized carbon nanotube, filler concentration, and their alignment in the interior of polyaniline matrix affect their morphology. Furthermore, article focussed upon the various morphologies of polyaniline and polyaniline/carbon nanotube nanocomposites obtained with different methods along with electrical conductivity. Possible applications of polyaniline/carbon nanotube nanocomposites in the areas of actuators, sensors, electromagnetic interference shielding have also discussed.