The Himachal Pradesh University was established on 22nd July, 1970. It is located on Summer Hill, 5 kms from the main city, Shimla. The Himachal Pradesh University Business School (HPUBS) was formerly called the Institute of Management Studies. Himachal Pradesh University Business School stands to be the No. 1 B-School of Himachal Pradesh. It is one of the first institutes to start MBA programme in the early 70s in the country.