The institute is affiliated to Savitribai Phule Pune University formerly known as University of Pune and is approved by All India Council for Technical Education (AICTE), New Delhi, and is recognized by Directorate of Technical Education (DTE), Govt.

The institute offers four-year degree program in engineering in three domains: computer science, information technology, and electronics & telecommunication.

In the late 1990s, to control the outflux of graduates as well as to reduce if not crush the brain drain to US and European countries, Mr. P. P. Chhabria, then the president of MCCI (A).

Shri P P Chhabria sought advice from scientists like Padma Bhushan, Dr. R. A. Mashelkar and Padma Shri Dr Vijay P Bhatkar, who have been closely associated with this institute over the years.

On 28 May 2003, Bharat Ratna Dr. A. P. J. Abdul Kalam, the former President of India, visited I2IT and dedicated this institute to the service of the nation.