Purpose This paper aims to optimally plan distributed generation (DG) and capacitor in distribution network by optimizing multiple conflicting operational objectives simultaneously so as to achieve enhanced operation of distribution system. The multi-objective optimization problem comprises three important objective functions such as minimization of total active power loss (Plosstotal), reduction of voltage deviation and balancing of current through feeder sections. Design/methodology/approach In this study, a hybrid configuration of weight improved particle swarm optimization (WIPSO) and gravitational search algorithm (GSA) called hybrid WIPSO-GSA algorithm is proposed in multi-objective problem domain. To solve multi-objective optimization problem, the proposed hybrid WIPSO-GSA algorithm is integrated with two components. The first component is fixed-sized archive that is responsible for storing a set of non-dominated pareto optimal solutions and the second component is a leader selection strategy that helps to update and identify the best compromised solution from the archive. Findings The proposed methodology is tested on standard 33-bus and Indian 85-bus distribution systems. The results attained using proposed multi-objective hybrid WIPSO-GSA algorithm provides potential technical and economic benefits and its best compromised solution outperforms other commonly used multi-objective techniques, thereby making it highly suitable for solving multi-objective problems. Originality/value A novel multi-objective hybrid WIPSO-GSA algorithm is proposed for optimal DG and capacitor planning in radial distribution network. The results demonstrate the usefulness of the proposed technique in improved distribution system planning and operation and also in achieving better optimized results than other existing multi-objective optimization techniques.