Nilakantheswar Mahavidyalaya (NM), South Balanda was established in 1992.

Its affiliated to Utkal University.

The College pursues its objective of providing quality education in the field of Arts and science, to ensure development of human resources both personality-wise and career-wise. It also aims to create such an environment that can make the students a good citizen in life and professional in career.

The Utkal University, established in 1943, is the seventeenth oldest University in India. Its present campus at Vani Vihar, Bhubaneswar is located on a sprawling 399.9 Acre area in the heart of Bhubaneswar.

There are at present twenty-seven Post-Graduate Departments located in the University Campus for Post-Graduate studies and research in various disciplines of Science, Humanities, Business Administration, Social Science, Law and Commerce.

The total number of students in the P.G. Department of the campus at Vani Vihar is nearly 3,000. At present the University has twenty-seven Post-Graduate teaching and research departments located within the campus and three constituent Institutions.