IREE was formed at Nasik Road and is registered with the charity commissioner, Nasik, Maharashtra, vide registration no. Maharashtra/3920/ Nasik/95 date. 29.07.1995, the Institute was formally inaugurated by the then Member (Electrical), Railway Board, Shri V. Santhanam on 26th Aug. 1995 at Nasik. The Headquarters of the Institution were changed to New Delhi for better coordination With Zonal Railways, Railway Board and Industry in April 1997. The Institution has been Recognized by the Bd. vide their letter no. E (g)/99/FE1-4 dated 28.07.1999.

Shri R. K. Sareen took over as President of Institution of Railway Electrical Engineers in August 2005 when he took over as Add. Member Electrical Railway Board.