An efficient one pot multicomponent synthesis of Pyrano (2,3-C) Pyrazoles (5) from ethyl acetoacetate (1), hydrazine hydrate (2), aromatic aldehydes (3) and malononitrile (4) using magnetically recoverable Cu2+ doped Ni-Zn Nano Ferrite catalyst has been developed. The workup process was clean and products obtained in high yields in shorter time. The Cu2+ doped Ni-Zn nano ferrite catalyst, prepared by the Sol-gel auto-combustion method. All precursors were sintered at 400 0C for four hours. The XRD pattern illustrates formation of single phase cubic nano spinel ferrite. The microstructure and morphology of the prepared samples were studied by scanning electron microscopy (SEM) and Transmission Electron Microscope (TEM) illustrates the fine crystallite structure with weak agglomeration. The IR spectra shows two major absorption bands, the highest ν1, assigned to stretching vibrations of the metal at the tetrahedral site, while the lower ν2 assigned to octahedral site.