The present disclosure relates to chitin derivatives of Formula (I), its isomers, prodrugs and pharmaceutically acceptable salts thereof. The present disclosure further relates to a process of preparing the chitin derivatives, its isomers, prodrugs and pharmaceutically acceptable salts thereof.The compounds of the present disclosure are useful in antimicrobial coatings. The present disclosure further relates to an antibacterial polymeric nanocomposite and a process for preparing the antibacterial polymeric nanocomposites.