The current study was conducted to develop a Ti-6Al-4V alloy composite material with a fine structure with improved mechanical properties by precipitating TiC particles via reaction-sintering and, additionally, by incorporating the effects of hydrides formed by hydrogenation treatment, using powder to which Mo 2 C had been added. The effects of precipitated TiC particles, and the subsequent generation of hydrides by hydrogenation treatment, heavy-strain working, and recrystallization treatment on grain refinement during the forming process were studied by means of structural observations. Warm rolling and multi-axial alternate forging (MAF) were employed as the heavy-strain working methods. The base metal structure of the Ti-6Al-4V composite material prepared by hydrogenation treatment on the sintered body prepared by spark plasma sintering (SPS) contains particles with a grain size not greater than 1 mm, which become finer with increasing hydrogen content. The particle size of TiC formed by reaction sintering, however, is not changed by heavy-strain working after hydrogenation. Its room temperature tensile strength increases with the amount of TiC precipitation, and is higher than that of non-hydrogenated material.