Inspired by the Jesuit spirit of 'Magis', XLRI aims at being a management school with :
- A passion for academic excellence
- Uncompromising human values
- A sensitive social conscience
- An abiding commitment to improving the quality of life in organizations and society
- To offer enriching learning experiences to aspiring managers
- To enable them to realize their full potential
- To ensure that they serve as agents of continuous improvement and change
- To encourage entrepreneurship and service
- To extend the frontiers of knowledge in management through cutting-edge research
- To disseminate knowledge through a portfolio of educational programs and publications
XLRI was founded in 1949 by Fr. Quinn Enright, S.J. in the Steel City of Jamshedpur. Fr. Enright visualized XLRI to be a partner in the liberation and development journey of the independent India with a vision of "renewing the face of the earth". Fr. Bill Tome joined hands with him to bring that vision to fruition. Both, together with the other Jesuit companions, worked tirelessly towards translating the Vision "Renewing the face of the earth" into action.
Over many years XLRI has developed its own identity. The hallmark of this identity is, not to walk on the beaten path but to strike new routes; not to benchmark but to be benchmarked, to be second to none but to be the first to respond to the needs of the people and the nation, by taking up the tasks which are bold but necessary which nobody has hitherto taken up.This enterprising and pioneering spirit can be witnessed throughout the history of XLRI.