Institute of Physics (IOP), Bhubaneswar was established in 1972.

It is an autonomous research institution funded jointly by the Department of Atomic Energy (DAE) and the Government of Orissa.

The management of affairs of the Institute is vested in a Governing Council consisting of an eminent Scientist nominated as its Chairman, the Director of the Institute and members nominated by the Department of Atomic Energy (DAE) and the Government of Orissa.

The Registrar of the Institute functions as its Secretary.

The Institute receives major part of its financial support gov_council.htmfrom the Department of Atomic Energy, Government of India, and a token support from the Government of Orissa.

The Institute also receives funds from other government agencies (like CSIR and U.G.C) to finance specific reserach projects.