RIMS established in the year 1984, has taken great strides since its inception, becoming one of the premier B-school of the country. It is governed by a governing body, consisting of distinguished industrialists, businessmen, academicians and professionals.
The institute is situated in a scenic and serene campus that provides a conducive environment for personal and intellectual growth. It has an atmosphere, which drives away the feeling of anonymity and isolation. Students are given all encouragement in their areas of interest, by providing a hi-tech infrastructure facility, backed by faculty support.

RIMS is affiliated to Sambalpur University, Orissa, Biju Pattnaik University of Technology, Rourkela, Orissa, for different programmes and follows the curriculum prescribed by the respective Universities for each of its courses. It has got NBA AICTE Accreditation and ISO 9001-2000 certification from RWTUV Germany.

RIMS offers courses like Master of Business Administration (MBA), Master in Computer Applications (MCA),Bachelor of Business Administration(BBA),Bachelor of Journalism & Mass Communication (BJMC) and Bachelor Of Computer Application (BCA).