Welingkar Institute of Management Development and Research was established in the year 1977, with a focus of giving a new dimension to business studies. It is a part of Shikshana Prasaraka Manadali, which has 40 prominent institutions and at any time has over 7000 enrolled students across the country. Some of the other well-known institutes run by S.P.Mandali, are the Ruia College of Arts and Science (Mumbai), Podar College of Commerce (Mumbai) and S.P. College (Pune).

Ranked 7th by Business Sphere in North India. An ISO 9001- 2000 Certified Institute Ranked as A+ by Business India Bharati Vidyapeeth University started functioning in April, 1996 after receiving communication from the Government of India granting of status of University under section of the UGC Act, 1996 to a cluster of institutions of Bharati Vidyapeeth, which is a parent organization of this University.