IIPR was established in the year 2003 and was managed by Sri Krishna Rajendra Charitable Trust (SKRCT). This institute is the brain child of two visionaries - Late Sri Ramakrishna Hegde, former Chief Minister of Karnataka and late Dr. Jeevaraj Alva, former Education Minister of Karnataka. Mr. L.K.Raju, the secretary of the Trust (SKRCT) is the energising force in the domain of inspiring & equipping the Institution in all its endeavours in the past. The former Governing Council of the college was headed by Dr. Jai Prakash Alva- a great visionary and philanthropist. He has worked towards changing the vistas of education, life & relationships, thus working towards producing future ready human counsellors for an emerging new world.

In the year 2014, IIPR had a change of management and change of campus. The college is now managed by Franciscan group of fathers belonging to the Order of Friars Minor (OFM) - a Catholic religious order. IIPR is a unit of the Sarvodaya Seva Sangha(SSS) - a non profit organization(charitable society) - established more than half a century ago in Bangalore.

SSS has been reaching out to deprived sections of the society, rendering its services to people all over India through various support centres, programmes, institutions and initiatives. SSS has got the right blend of resources with its dedicated Governing Council and Board of Management to navigate IIPR in the field of higher education in India.