AbstractFor the first time, a simple one‐step in situ chemical polymerization technique is used to create a novel molybdenum disulphide/sulphonated carbon quantum dots (CQDs) and polypyrrole (MCP) nanocomposite that is extended for successful use in charge storage supercapacitor (SC) device. By inheriting qualities of excellent electrical conductivity of MoS2, CQDs and improved pseudocapacitive activity of polypyrrole (PPy), the MCP nanocomposite provides a suitable SC electrode material. 0.6 MCP nanocomposited three‐electrode system demonstrates 93.21% retention after 5000 cycles, and a maximum specific capacity of 2253 F/g at 2 mV/s with higher side of energy density as 106.06 Wh/kg along with a considerable power density as 180.28 W/kg. Using MCP as anode and an AC or activated charcoal electrode as cathode, a solid‐state asymmetric supercapacitor (ASC) was constructed. The fabricated device supplies a greater value of specific capacitance as 154.09 F/g at 100 mV/s and 175 F/g at 0.1 A/g, also evidenced superior energy density data as 126 Wh/kg along with an appreciable power density of 604.8 W/kg. After charging the ASC for 2 min, the light emitting diode shone for 5 min. The findings underpin that MCP is a potential electrode material that could be utilized as a better alternative in futuristic supercapacitor devices.