On January 23rd 2003, a formal inaugural of the Mathematical Sciences Institute was held Prof. D.H.Rao Principal, Gogte Institute of Techonoly as the Chief Guest inaugurated the institute and wished every success in its endavours. He also promised to extend every help that is possible from his institution for growth and of the Institute..The function was presided by Prof.H.V.Kumbhojkar a former Professor and Chairman, Department of Mathematics Shivaji University, Kolhapur who was also the Founder Honorary Director of the institute. In his presidential remarks he lauded the efforts of people in the establishment of this Institute. He reminded that India has contributed to the knowledge of mathematics in the ancient time and it was India that presented Ramanujan to the mathematical community. Quoting a sanskrit phrase he believed that if we safe guard righteousness then it would take care of us.
Prof.S.S. Bhoosnurmath the then Chairman, Department of Mathematics, KUD delivered a special lecture on Riemann Hypothesis arranged on this occasion.
The function was attended by the faculty and students of the Department of Mathematics of the then KUPG Centre. Prof. H.H.Uliveppa , Administrator of the Post Graduate Center was present on this occasion.