The Madras School of Economics came into existence in 1995, thanks to the efforts of academicians, industrialists and financial institutions in India. The objective was to create a centre that would nurture teaching and research programs in economics.
The National Assessment and Accreditation Council awarded MSE an "A" grade. The Ministry of Environment and Forests has designated MSE as a Centre of Excellence in Environmental Economics.
It has recently introduced a five-year integrated Master's course in Economics for school pass-outs. This is in collaboration with the Central University of Tamil Nadu with an intake of 50 students per year.
Founding members of the school
A. C. Muthiah - Chairman and President, Southern Petrochemicals Industries Corporation Limited Chennai
A. Sivasailam - Chairman and Managing Director Tractor and Farm Equipments Limited, Chennai