Bharat Ratna Sir Mokshagundam Visvesvaraya (1861-1962) was called a wizard in engineering. He was also called the precursor of economic planning in India. He took an interest not in engineering alone, but was capable of applying his talent to many allied matters connected with the development of the nation.
His learned discourse on economic planning in India titled 'Planned Economy for India and Reconstructing India' was the first available document on the planning effort of the country and it is still held as the parent source matter for economic planners.
To commemorate the birthday of Bharat Ratna Sir M Visvesvaraya, the Council of the Institution decided to observe September 15 as the Engineers' Day every year. This is celebrated throughout the country through all the Centres of the Institution with learned discourses on a theme specified by the Council every year.