In the present study, hexamethylene diisocyanate (HMDI) encapsulated poly-thiourea formaldehyde (PTF) (10 wt%) coating was developed in an epoxy-polyamine matrix and their anticorrosion studies on Type SS304 stainless steel substrate have been conducted using electrochemistry techniques. The compact and hydrophobic shell wall of PTF proved to be a potent shell wall material for HMDI encapsulation. The effect of temperature and pH values was found to be decisive factor in the synthesis of microcapsules. The PTF microcapsules were synthesized in acidic condition with a pH value of 3. Over 90% of the core fraction is retained in water after 21 days immersion. However, core content decreased with increasing temperature. The capsules were characterized by Fourier transform infrared spectroscopy (FTIR), scanning electron microscopy(SEM), thermogravimetric analysis (TGA) and Electrochemical Impedance spectroscopy (EIS). Scanning electron microscopic analysis depicts the uniform morphology of coating with a particle size in the range of 1.08 μm–22.06 μm. The vibrational band at 2271 cm−1 attributed to NCO signal further endorses the successful encapsulation of HMDI into the PTF capsules. Electrochemical testing on steel specifies the appreciable anticorrosion performance of the synthesized poly thiourea formaldehyde (PTF) coating against artificial sea water.