Borides are promising materials with good wear and corrosion resistance properties. Boride coatings are expected to perform better where wear and corrosion resistances are simultaneously required. Zirconium diboride is an important emerging material for such applications, due to its high hardness, high melting point, good wear resistance and corrosion as well as high temperature oxidation resistance. Special properties of laser beam like beam directionality, high intensity and spatial resolution makes laser alloying a fast and efficient technique for producing improved wear resistance coatings. In the present work, mild steel was laser alloyed with ZrB2, using "two-stage" technique of laser alloying. These coatings after characterization by optical microscopy, SEM, EDAX and XRD techniques were tested on a "Pin-on-Disk" machine for determining their wear resistance.