The Institute is a creation of Shri P. P. Chhabria, well-known industrialist and philanthropist and Padmashree Dr. Vijay Bhatkar, a distinguished scientist and an acclaimed IT leader of India who is credited with the creation of India's PARAM series of supercomputers and a recipient of Maharashtra's highest recognition ‘Maharashtra Bhushan’. The vision and leadership of these two distinguished gentlemen have shaped this Institute since its inception.