The foundation stone of Vikram University was laid by the then Home Minister of India Shri Govind Vallabh Pant on 23 October 1956.

The function was presided over by the Rajpramukh of Madhya Bharat State Late Jiwajirao Scindia.

On 20 April 1973, the Governor granted permission to bring about homogeneity in the organization and administration of Madhya Pradesh Universities.

By a notification of the Education Department 940/20/8/71 dated 3 May 1973, the by-laws of the Madhya Pradesh Universities Act No.

The University has undertaken research and extension work incorporating various knowledge streams.

The projects are funded by University Grants Commission (UGC), Department of Science and Technology (DST), Indian Space Research Organisation (ISRO), All India Council for Technical Education (AICTE), and Defence Research and Development Organisation (DRDO).

The university's department of engineering is an AICTE approved, self-financed government institute.

The Kaushal Vikas Kendra skill development initiative trains students of different streams in technical trades.

Its jurisdiction extends over 7 districts - Agar Malwa,Dewas,Mandsaur,Neemuch,Ratlam,Shajapur,Ujjain .