This Institute, devoted basically to social science research and studies, was established in 1981. The Institute is named after the late Yashwantrao Chavan, the chief architect of modern Maharashtra and former Deputy Prime Minister of India.
Besides, undertaking research projects in various social sciences, the Institute also conducts Master's programme in Business Studies (MBS), which is opted for, by students from different parts of India. This programme is designed to be equivalent to the MBA programme in its academic contents. There is a provision in this programme to have dual specialization in any two of the following areas:

  • Marketing
  • Human Resource Development
  • Information Technology

The Institute also offers a Postgraduate Diploma Programme in Computer Science. It is conducted in collaboration with OPTIMOS which is a USA based company. This diploma course is designed to train students in updated and latest computer technology.
The focus of activities of the Institute is on the interdisciplinary research. It also conducts human resource development training programmes for different organizations.