KLR College of Business Management was sponsored by Boon Education Environment and Rural Development Society, and was found by Dr.K.Lakshma Reddy who was running prestigious and renowned KLR Institutions for more than three decades. KLR College of Business Management 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 . KLR College of Business Management is far away from the madding crowd about 3km away from Paloncha and 8 km away from Kothagudem. This college is located in an industrial area where it is surrounded by reputed companies like Singareni Collories, Sponge Iron India Ltd, KTPS, Nava Bharat Ferro Alloys, ITC, Heavy Water Plant, etc. with continuous interaction of the students with the delegates of these companies and through industrial visits makes them to enhance their caliber and to have practical exposure.