It is a wholly owned public sector enterprise of the Government of Odisha founded in 1971.

It serves major towns, cities and villages of Odisha and also operating interstate bus services to the neighbouring states of Andra Pradesh, Telangana and West Bengal It is acknowledged for its distinguished service for safe and lowest cost of operation with a fleet of 636 buses.

The O. R. T. Company, operating mostly in the southern parts of the state merged with the OSRTC in 1990 along with all its assets, liabilities and employees.

Odisha State Road Transport Corporation (OSRTC) has three divisions comprising a total of 23 depots.

Apart from all these accolades, the success story of OSRTC has been included in the syllabus of Indian Institute of Management Ahmedabad as a case study.