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IIM Rohtak started functioning on 30 June 2010. It was formally inaugurated on the same day by Mr. Ravi Kant, Vice Chairman of Tata Motors Ltd., in the presence of eminent faculty of IIM Lucknow and board members. Mr. Ravi Kant is the first Chairperson of the Board of Governors of IIM Rohtak. The initial batch strength was pegged at 48 students to keep a high student teacher ratio. From the academic session 2011-2012, the intake has been increased to 120-130 students.
IIM Rohtak’s 80 hectares (200 acres) campus is being constructed at Sunaria near Rohtak city. A budget of about Rs.2.50 billion has been allocated by the Central Government of India to develop the campus. The foundation stone for the new campus was laid on 1 October 2010. IIM Rohtak is temporarily functioning from Maharishi Dayanand University (MDU), Rohtak. The classrooms are located in the humanities block. The block is supported by library and IT facilities. According to the MOU signed between IIM Rohtak and MDU, the students and staff of IIM Rohtak will have access to almost all the infrastructure of the university.
The primary mission of IIM Rohtak is to develop (corporate and non-corporate) leader managers with a sense of excellence, strong social commitment and a passion for value system. Yet, the broader institutional mission of IIM Rohtak is to create knowledge through research and to disseminate knowledge through quality publications, management education involving classroom delivery and through problem-solving support to industry.