Plasma methods are efficient processing for metal recovery from metal scrap, bearing minerals, electronic waste, etc. In this work, pure titanium nitride nanoparticles (TiN NPs) were synthesized from titanium scraps by the thermal plasma arc discharge (TPAD) method. TPAD synthesized TiN NPs have a highly crystalline nature with cubic and spherical morphologies with average particle sizes of 30–100 nm. Further, prepared TiN NPs involving surface modification (SM) or etching processes were investigated by using the non-thermal DC glow discharge plasma technique with air atmosphere at different processing times. SM@TiN NPs have a comparatively low crystalline, which was confirmed from the powder X-ray diffraction technique. SM@TiN NPs have very interesting core shell morphologies, which are due to the surface interactions of ionized air molecules. TiN and SM@TiN NPs have room-temperature ferromagnetic properties with high saturation magnetization (Ms) up to 2.6 and 3.0 emu/g and very high coercivity (Hc) of 235.5 Oe, respectively. TiN and SM@TiN NPs have superior energy storage performance with an outstanding specific capacitance of 192.8 and 435.1 F/g at a current density of 2 A/g with pseudocapacitive behavior. These results reveal that TiN and SM@TiN NPs have highly promising electrodes for supercapacitor applications.