The design and development of efficient electrocatalysts for hydrogen evolution reaction is presently a pressing task to overcome future energy demands. In the present study a hybrid layered compound NiPS3/MoS2/rGO (NMR) is investigated as an electrocatalyst for hydrogen evolution reaction (HER). The metal trichalcogenidophosphates (MTPs), transition metal dichalcogenides and reduced graphene oxide materials based electrocatalysts are promising material for HER. The hybrid layered compound NMR displays good electrocatalytic activity in acidic medium in comparison to its counterparts MoS2/rGO and NiPS3/rGO with an overpotential and Tafel slope of 152 mV vs RHE and 75 mV/dec, whereas MoS2/rGO and NiPS3/rGO shows an overpotential of 206 mV and 223 mV vs RHE with a Tafel slope value of 146 mV/dec and 154 mV/dec respectively. The hybrid electrocatalyst exhibited high stability up to 1000 cycles with a stable current. The high HER activity of NMR is attributed to synergistic effect of electrocatalysts where P and S of NiPS3 acts as an appropriate hydrogen adsorption sites and catalytically active Mo edge sites of MoS2 with high charge carrier property of rGO contributed to enhanced hydrogen evolution reaction.