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. FLAME University is recognized by the University Grants Commission (UGC) under Section 2(f), and degrees awarded by the University are recognized under Section 22 of the UGC Act, 1956. It is Jain Minority Institution. 

FLAME University offers various programs across various disciplines, anchored in the core ethos of liberal education. Admission to UG courses is done on the basis of entrance test conducted by the University namely FEAT. On the other hand, admission to MBA is done on the basis of score of CAT/XAT/MAT/CMAT.