FLAME University has been established as a state private university vide the FLAME University Act 2014 (Maharashtra Act No. II of 2015) of the Government of Maharashtra. Degrees offered by FLAME University are as per UGC norms. It is Jain Minority Institution. FLAME has been set up with an idealistic vision and a social commitment to contribute to society in a noble manner.

FLAME has been created as an academic institution anchored in Liberal Education. It is the pioneer of Liberal Education in India. The objective of Liberal Education at FLAME is to go beyond the known and familiar structured and narrowly encapsulated forms of knowledge. The aim is to provide students a learning experience that would excite and enthuse them. The education at FLAME University rests in multiplicity and simultaneity, as well as in making active choices from all that is made available. The focus is on experiencing, learning, self-reflection and self-discovery by freeing themselves from the traditional ways of looking at things and instead to constantly question and challenge themselves, society and the world at large.