IMDR was founded in 1974 by Late Padmashree Dr Ramesh T Doshi and Late Shri Sumatilal Shah.
Dr R. T. Doshi was the past President of the D. E. Society. He was an M.Com. LLB. and also a Ph.D. in Economics. He was awarded the Padmashree by the Government of India in 1970. He was a zealous entrepreneur, a scholar with an analytical and incisive intellect, combined with a passion for research and advancement in technology. He successfully pioneered and developed several agro-based industries. He was the first to bring concept of composting of city waste in India. He introduced fertilizer granulation technology in India; also known as the NPK Granulation Plant.
After retiring from business at age 61, he began working on his farm near Pune and became aware of the many challenges associated with subsistence agriculture — particularly low returns, high labour input and low profitability. At the same time, he began to reflect on the high cost of food in the cities and the need to produce more food in urban areas. He became interested in urban farming techniques, and developed a model which was so successful that his model the Doshi System has been copied successfully in many countries and taken up for research by many agriculturists also been successfully implemented by NGOs to rehabilitate street children. An award “Dr R T Doshi Award – for new agricultural techniques and farm economics” has been instituted in his name. He has written several books - City Farming, Community City Farming among others.
Shri Sumatilalji Shah, who along with Dr RT Doshi, raised the donation 22 years ago to help the DE Society establish IMDR, the first Management Institute in Pune. Shri Sumatilalji, who belonged to a traditional business background, realised the importance of professional education in Management and though not connected directly with the institutions of the DE Society, he canvassed its cause out of reverence for the traditions of the Society. He divided his time throughout his life between business and social work and showed how the two could be combined, much before the talk of social responsibility was heard. In 1973-74, he gave an unconditional.donation of Rs. 7 lakhs for starting IMDR.
Till date, IMDR follows the vision of its founders.