The NiCrBSi/40% ( mass fraction ) TiC composite coating was fabricated by the laser cladding with coaxial powder feeding method, and the microstructure, residual stress, microhardness, and wear resistance of the composite coating were analyzed. The results showed that the TiC particles and Ni-based structure of the composite coating can be refined by the laser remelting power with 800 W. The composite coatings were residual tensile stress with various laser remelting powers, and the residual tensile stress decreased with the increase of laser remelting power, the minimum residual tensile stress was 463 MPa, it can be obtained by the laser remelting power with 1 000 W. The microhardness and wear resistance of the composite coating first increased and then decreased with the increase of the laser remelting power. The best microhardness and wear mass loss was 65.8 HRC, 5.4 mg, respectively. Hence, the composite coating had perfect microhardness, and wear resistance when the coating was proceed by 800 W. The composite coating had obvious abrasive and adhesive wear coexisting in various laser remelting powers.