The Institute was established in the year 1980 in the name of Patna Institute of Technology by Late Prof. R. P. Sharma, the benevolent founder of Patna Educational Development Trust. He nurtured the institute with personal care and foresight to bring technical education within the reach of common man. Under his visionary, dynamic and able guidance, the institute made glorious stride and developed as a full-fledged Engineering Degree College, approved by AICTE, New Delhi, affiliated to Aryabhatta knowledge University, Patna (w.e.f. session 2018 onwards) and recognized by Science & Technology Department, Govt. of Bihar.

The institute was later renamed as R. P. Sharma Institute of Technology (Formerly Affiliated to Magadh University, Bodh Gaya) in order to commemorate the memory of its great founder Late Prof. R. P. Sharma. Many batches have passed out the B.Tech course with very good academic results and most of them are placed in renowned Govt. and Private National and Multinational Organizations. Two years full time MBA course has been started since 2008-2009 in this institute. Three years Diploma courses have also been started since 2014-2015.