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The Institute of Mathematics and Applications (IMA), located in Bhubaneswar, Odisha, in India, is a research and education institution that was established by the Government of Odisha in 1999. Its dual purposes are to conduct advanced research in pure and applied mathematics and to provide postgraduate education leading to masters and Ph.D. degrees in mathematics, computation, computational finance, and data science. The institute also runs training programs in schools aimed at increasing mathematics awareness and leading to competitions such as the Mathematics Olympiads. The UG and PG courses are currently affiliated to Utkal University, which is the largest affiliating university in the country.

The institute was established by the Government of Odisha in the year 1999, vide the Resolution of the Government of Odisha, Science and Technology Department letter no. 368-ST-I (SC) – 159/98 dated 31 May 1999 with wide-ranging aims and objectives as notified in the Gazette No. 18, 23 July 1999 / SRAVANA, 1, 1921. The institute has been registered on 28 March 2000 under the provision of Registration of Societies Act 1860 with Registration No. 20851 /187 of 1999–2000. The institute began functioning in 1999 inside a room of the Pathani Samanta Planetarium in Bhubaneswar. On 23 July 2008, IMA acquired its residential campus, built by Tata Steel in Bhubaneswar city, when it was established as a full-fledged, degree-granting academic institution. The new institute was inaugurated by Sri Naveen Patnaik was then the honorable chief minister of Odisha.

The main Institute is a 7,000 square meters (75,000 sq ft) complex, which was designed by architect Karan Grover, with an investment of Rs. 140 million. The 23-acre (93,000 m2) campus also includes computer laboratories, classrooms, a library, as well as residential accommodations. A playground and a volleyball court are also included. The institute provides an in-campus hostel facility for both boys and girls separately. The excellent study environment and sophisticated accommodation of the hostel accelerate the research potentiality of the students as well as research fellows. A well-stocked library with more than 5000 latest references on mathematical, financial, computational, and related subjects, as well as national and international professional journals, which support the institutes teaching, research, and extension programs.