The mission of the institute is to building excellence in leadership in Higher Education institutions in the country through a pool of trained professionals.
IIT (BHU) Varanasi has formerly been known as the Banaras Engineering College (BENCO), the College of Mining and Metallurgy (MINMET), the College of Technology (TECHNO) and the Institute of Technology, Banaras Hindu University (IT-BHU). Its establishment is intimately linked with that of the Banaras Hindu University (BHU). The first convocation ceremony at BHU was held on 19 January 1919. The Chancellor of the University, Maharaja Krishnaraja Wadiyar of Mysore who had come to preside over and address the convocation, performed the opening ceremony of the Banaras Engineering College (BENCO) Workshop buildings. An Artisan Course was started on 11 February 1919. BHU has the credit of first starting degree classes in Mechanical Engineering, Electrical Engineering, Metallurgy and Pharmaceutics, thanks to the foresight of its founder, Pt. Madan Mohan Malaviya.
The earlier system of regional admission based on merit lists was replaced in 1972 by admission through Indian Institute of Technology Joint Entrance Examination (IIT-JEE) for undergraduate courses and Graduate Aptitude Test in Engineering (GATE) for postgraduate courses. In the tenth meeting of IIT Council in 1972, it was also proposed to convert the then IT-BHU into an IIT and a committee was appointed by IIT Council for the same but because of political reasons, the desired conversion could not be achieved then.
1. IIT Varanasi was ranked 11 by the National Institutional Ranking Framework in 2019 and 39 overall.2. It was ranked 10th among engineering colleges in India in 2017 by The Week.3. The Indian Institute of Technology Varanasi has had numerous notable alumni.