This paper presents the results of detailed studies carried out on the densification of TiB2 with CrB₂ as sinter additive by hot pressing. The dense compacts were characterized by measurement of hardness, indentation fracture toughness, flexural strength, coefficient of thermal expansion and electrical resistivity. Oxidation Characteristics were investigated between 600 °C and 1000 °C and isothermal oxidation kinetics at 850 °C. Phase identification and surface morphology analysis of hot pressed and oxidized samples were done using XRD and SEM. A high density of 96.61% N.D was obtained with the addition of 2.5% CrB₂ by hot pressing at 1750 °C under 35 MPa pressure. Hardness values of composites with 2.5–10% CrB₂ were close to 24 GPa and fracture toughness in the range of 3–5 MPa m^1/2. Coefficient of thermal expansion of the composite with 10% CrB₂ was measured in the range of 6.21–7.43 x 10^-6/K from room temperature to 1000 °C. Electrical resistivity of TiB₂ + 10%CrB₂ was measured as 32.83, 75.97 and 120 mW cm at 25 °C, 500 °C and 900 °C, respectively. Observed nature of oxidation was parabolic for all composites. Formation of continuous and thick glassy film was observed with increased CrB₂ content in the composite. TiO₂ and CrBO₃ phases were identified on the oxidized surface which are responsible for the improved oxidation resistance of this composite.