Background: Obesity-related disorders characterized by insulin resistance such as metabolic syndrome, hypertension, coronary artery disease and type 2 diabetes are associated with decreased adiponectin levels. The purpose of the present study was to determine association of lipid profile and obesity markers with serum adiponectin in type 2 diabetes adult males. Methods: For this purpose, forty one adult males with type 2 diabetes were enrolled in this study randomly. Blood samples were collected after a 10-12 hour overnight fasting for measuring serum glucose and lipid profile and adiponectin. The anthropometrical indices were measured too. A multivariate linear regression analysis used to predict relation between variables. Results: The data analysis showed that circulatory adiponectin had significant negative association with glucose, triglyceride, total cholesterol, visceral fat and cholesterol/HDL ratio (P ≤0.05). There were no significant correlation between adiponectin level and HDL and LDL. Conclusion: Our findings support negative relationship between serum adiponectin and cardiovascular risk factors in diabetic patients.