In this paper, the authors focus on elliptic curve cryptography based approach for Secure Multiparty Computation (SMC) problem. Widespread proliferation of data and the growth of communication technologies have enabled collaborative computations among parties in distributed scenario. Preserving privacy of data owned by parties is crucial in such scenarios. Classical approach to SMC is to perform computation using Trusted Third Party (TTP). However, in practical scenario, TTPs are hard to achieve and it is imperative to eliminate TTP in SMC.