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It was jointly established on March 15th, 1972 by V. I. Subramonium (University of Kerala), R. C. Hiremath (Karnataka University) and Mahadeva Sastry (Sri Venkateswara University).
Bhat a Havyaka Brahmin obtained his M.A. degree in mathematics from Madras University, and a M.A. degree in statistics from Karnataka University, Dharwad prior to working on his Ph.D. from Berkeley in 1961, his advisor was David Blackwell.