The Institute has been named after Rajashree Shahu Maharaj of Kolhapur, who was known for love and affection for the lowest and loneliest of his subjects. He was instrumental in spreading education and message of equality amongst the people in the beginning of the 20th Century.
Imparting management education in the Shivaji University commenced in the late sixties with a provision for very limited years. However, the demand for management and social work education was large and growing continuously. With a view to cater to the needs of this growing demand, Prof. Dr. A. D. Shinde, the renowned Charted Accountant and former Dean of the Faculty of Commerce and Management, Shivaji University, Kolhapur, established this Institute: Chhatrapati Shahu Institute of Business Education and Research (SIBER) in July 1976 with active support of the Chief Minister of Maharashtra Hon’ble (Late) Shri Vasantraodada Patil and Hon’ble (Late) Shri Shripatraoji Bondre.