KLR College of Business Management was sponsored by Boon Education Environment and Rural Development Society, and was found by Late Dr.K.Lakshma Reddy who was running prestigious and renowned KLR Institutions for more than three decades. This college was established in the year 2003 and was approved by All India Counsel for Technical Education (AICTE). and was affiliated to Kakatiya University, Warangal. It was set up with the objective of contributing its best to the growth of professionals in the field of management and Information Technology. with a motto of "Strive and Serve", striving to achieve excellence in the related disciplines and serving the society .
K L R Institutions has a central Admissions Recruitment and Placement Cell (CARP Cell) headed by Sri N.Hanumantha Rao garu as C.E.O.The CARP Cell regularly communicates with stakeholder for in house recruitment and outside placement.