The Institute of Indology was established with the objective of preserving ancient art objects, archeological remains and rare manuscripts of ancient India in 1956 by the renowned Gujarati business personality Kasturbhai Lalbhai.
This institute also has a museum that preserves religious literature of different religions like Hindu, Jain, Buddhist and their philosophy, grammar, poetry of these religions. This is the largest collection of the Jain Literatures with 76,000 manuscripts, 500 illustrated versions and 45000 printed books. There are old books written in different languages like Sanskrit, Apabhramsa, Pali, Hindi,Old Gujarati and Rajasthani. Sculptures in stone and terracotta, miniature and cloth paintings, painted scrolls, bronzes, woodwork, Indian coins, Rabindranath Tagore's paintings and Tibetan and Nepalese Art.