The composite bipolar plates are developed using natural graphite, carbon black, and carbon fiber, along with 1% graphene with phenol formaldehyde (resole) resin. The graphene is developed by thermo-chemical exfoliation of natural graphite and characterized by XRD, Raman, FESEM, and AFM analyses. The synthesized graphene is monolayer graphene with a minimum thickness of 1 angstrom. The bipolar plates are developed using compression molding technique and thoroughly characterized considering stringent benchmarks (US-DOE and Plug Power Inc.) for PEMFC viz., electrical conductivity, flexural strength, deflection at midpoint, and corrosion current density. The composite bipolar plate showed excellent corrosion resistance to the rigorous fuel cell environment. All the required properties are achieved by the developed composite bipolar plate for PEMFC application. The fuel cell is fabricated with the developed bipolar plate and the performance of the fuel cell is studied. The incorporation of graphene has improved the fuel cell performance significantly. Copyright (C) 2012, Hydrogen Energy Publications, LLC. Published by Elsevier Ltd. All rights reserved.