Piroxicam [4-hydroxy-2-methyl-N-2-(pyridyl)-2H-1,2-benzothiazine-3-carboxamide 1,1-dioxide] is an effective antiinflammatory analgesic drug. In the present work, piroxicam has been chemically modified into its bismuth complex by reacting it with bismuth nitrate at ambient conditions and optimized stoichiometric ratio. The synthesis of the complex has been monitored by TLC and characterized well by Fourier Transform Infrared (FTIR), UV-Vis, ICP, TGA, XRD and SEM. The luminescent behavior of this complex has also been studied which determined its photoluminescent property.