An equiatomic multi-component alloy Ni20Ti20Ta20Co20Cu20 (at. %) was obtained using vacuum arc melting. In order to characterize such an alloy, microstructure analysis has been performed using Scanning and Transmission Electron Microscopy, Electron Backscattered Diffraction, X-ray Diffraction and Energy Dispersive X-ray Spectroscopy techniques. Microstructure analysis revealed the presence of one rhombohedral and two cubic phases. Energy Dispersive X-ray Spectroscopy measurements revealed that both observed phases include five chemical elements in the structure. Using Rietveld refinement approach the lattice parameters were refined for the observed phases.