Loyola Institute of Business Administration was established in 1979 and is managed by Jesuits of the Loyola College Society. LIBA Chennai is a private co-educational institute. The campus of the college is spread over an area of 99 acres of land. LIBA Chennai is accredited by the National Board of Accreditation, South Asian Quality Assurance System and AACSB. The institute is recognised by the Association of Indian Universities. The mission of the LIBA Chennai is to develop the ethical leaders of society and the nation with the vision of becoming a premier management institute. In NIRF Rankings for the years 2021 and 2020, the institute has been ranked 65th and 50th respectively in the management category.
Loyola Institute of Business Administration is approved by the All India Council for Technical Education (AICTE). The total number of faculty members at the institute is 25 and the total number of students currently employed is 317. Thus, the student-teacher ratio at Loyola Institute of Business Administration is 13:1. Ample facilities are available at LIBA Chennai. Some of them are boys hostel, girls hostel, library, sports, cafeteria, auditorium, medical clinic, wi-fi, classrooms, bank, etc. There is a placement committee on the campus to assist the students in placement and internships. Students at Loyola Institute of Business Administration can avail many scholarships including central government scholarships.