High magnitudes of permittivity with the permeability of the materials help to absorb electromagnetic waves more efficiently. Snoek's limit directly puts a constraint on the enhancement of the permeability of the material. However, the incorporation of the lossy material may help to enhance the permittivity abruptly. In this study, we prepared a FeSi/SiC composite material with the mechanical ball milling method and investigated its enhancement of the dielectric behavior. The bianisotropic nature was observed along with the phase purity in the morphological studies. The Cole-Cole relaxation mechanisms were observed to validate a complex relaxation mechanism with 104 times higher dielectric loss in the composite material. The detection of the Warburg capacitance using the impedance technique sheds new light on the ion diffusion mechanism in the metallic composite materials.