IPSAR was registered on 21.1.1985 as an autonomous institution under the Society Registration Act, 1860 at Cuttack (Orissa) vide Regd. No. 3580-476.Approval of AICTE, Govt. of India was obtained in 1993 for PGDIRPM (Post Graduate Diploma in Industrial Relations & Personnel Management) course and PGDBM(MBA) course in 1994 each of 2 years full-time duration. In management area IPSAR is a premier Management Institute operating in Eastern India maintaining high academic standard with the dedication of its Full-time/Part-time Faculties with best available infrastructure. Considering the inclination of the students to obtain an MBA Degree from the Utkal University,
PSAR, a premier B-School operating in Eastern India at sliver City Cuttack, got recognition from AICTE in September 1993. IPSAR has an approved intake of 120 for its Full Time MBA programme and an intake of 60 seats for its Part Time 3 year MBA programme for working executives under affiliation to the Biju Patnaik University of Technology(BPUT).
It is the only self-financing Institute which has been conducting 2 years Management Programme for the last 14 years with a student intake of 50-60% from outside the state. The Institute is ideally located for academic pursuit on a lush green campus situated in a clean and peaceful environment of CDA complex on the bank of River Kathojori, Cuttack. The city is well connected with railway and National Highways and 25kms from the state capital, is the hub of commercial activities of the state