The objective of this review is to describe the important progress made in the area of synthesis and applications of conducting composites/blends derived from polyurethanes as host material. Polyurethane is one of the most useful polymeric materials with multiple functional applications. The pristine polymer is an insulator and conductivity can be imparted by blending or compositing with conductive materials such as conducting polymers, carbon black, CNTs, and graphite/graphene. The resulting conductive composites are useful as sensors, corrosion-resistance paints, electrostatic dissipaters, EMI shielders, and many others. The review discusses various methods to obtain such conductive polyurethane composites and their intended or demonstrated applications.