Founded by Late Prof P C Mahalanobis on 17 December 1931 in Presidency College, Kolkata. Declared as an Institution of National Importance by an act of Parliament in 1959. Devoted to the research, teaching and application of statistics in various fields including industry. Pioneered the Quality Movement in India as early as November 1947. The major objectives of the Indian Statistical Institute, as stated in its Memorandum of Association, are
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Indian Statistical Institute, Hyderabad is equipped with a good library. The total collection is more than 5000, which includes text-books and reference books in statistics, mathematics, Statistical Quality Control, Operations Research, Six Sigma Methodologies, computer science, economics, quality engineering, etc.. This library also subscribe to few internationally reputed journal which are listed below.