Originally, MLVTEC was a polytechnic college as the joint venture of the government of Rajasthan and the Bhilwara group of industries (now known as the LNJ Bhilwara group). It was upgraded to a full engineering institute in 1988. The goal of the institute was to produce textile technocrats to fulfill the industrial demand of Bhilwara. In 1994, the college added the Textile Chemistry discipline. Currently, the institute is producing 200 textile engineers per class year. In 2001, the college added an engineering degree in Information Technology. It added an Electronics and Communication Engineering degree in 2003. The expansion in IT-related fields was due to added focus on these subject areas from the government. Additionally, expansion allowed the physical resources of the college to be better used. Further continuing the expansion mode two new engineering degrees, Textile Engineering in 2006 and Mechanical Engineering in 2007, were added by the college.