Founded in 2009, IIT Mandi is the only IIT located in the Himalayas. IIT Mandi's vision is to be leader in science and technology education, knowledge creation and innovation, in an India marching towards a just, inclusive and sustainable society.

The Institute's main campus, called Kamand Campus, is located in the picturesque Uhl river valley at Kamand, which is situated at about 15 kms from the historic town of Mandi in Himachal Pradesh. A transit campus of IIT Mandi, called Mandi Campus, is also maintained in the premises of the Vallabh Degree College in Mandi. Mandi is located at a distance of around 475 km from Delhi and around 200 km from Chandigarh on the Delhi-Manali route.

IIT Mandi is the only new IIT, so far, to develop and use its main campus. The move to the main campus which began in July-September 2012 has been steadily gaining momentum. Currently, 85% of the students and 40% of the faculty members reside in the new main campus. By the end of the next semester (i.e. November 2015), it is expected that the shifting to the fully residential campus will be essentially complete and that all activities of IIT Mandi will be carried out at the Kamand Campus. The residential campus in the serene landscape by the river Uhl offers a world-class academic environment with a high quality of life in a setting of natural splendour. IIT Mandi is now home to a buzzing community of B. Tech, M. Tech, M.Sc. Chemistry, M.S., iPh.D. Physics, and Ph.D. scholars.