Atomized iron powder, carbonyl nickel powder, molybdenum powder, electrolytic copper powder, titanium powder and graphite powder were used as experimental materials, the titanium and graphite powder were added by atomic ratio of Ti/C=1:1(the addition of Ti was 0 ~ 4wt-%) to Fe2Ni-0.5Mo-2Cu-0.3C powder, and the iron-based powder metallurgy materials reinforced by in situ synthesized TiC particulates were prepared by powder metallurgy technique. The results show that the microstructures of sintered samples are mainly pearlite, ferrite and bainite. The amount of pearlite increases with the increase of Ti content, whereas for the ferrite and bainite decreases. TiC particles sized 0.3 μm distribute mainly near the grain boundary of pearlite. The apparent hardness of sintered samples increases, while the sintered density and flexural strength decrease with the increase of Ti content. The fracture morphology of sintered materials is brittle type.