Indian Institute of Information Technology Ranchi is an autonomous institute setup by the MoE, Government of India, and Government of Jharkhand along with the industry partners TTL, TCS and CCL on a Public Private Partnership. The IIIT Ranchi is funded by Government of India (50%), Government of Jharkhand (35%) and Industry Partners (15%). The institute is expected to meet operating expenses from tuition fees, grants, sponsorships, consultancy, donations etc. Additionally, the Government of Jharkhand has lent support to the institute by granting land for setting up the Campus at Digital Valley campus (Kanke Block), Ranchi, Jharkhand.