- Board of Industries, a committee constituted by Government of Bihar & Orissa then working under Education Department passed a resolution on 1st May 1925 to look possibilities for formation of a trade organization in the province of Bihar & Orissa. For the purpose, the committee constituted a sub-committee consisting of Shri S M Dass (Cuttack), Dewan Bahadur R K Jalan (Patna), Rai Bahadur Banshi Dhar Dhandhania (Bhagalpur), Shri B F Madan, Shri Radha Krishna & Shri R C Pandit to sound business opinion & to find out ways & means for constituting the Chamber of Commerce in the province.
- After the report was submitted, the permission to form the Chamber was received from the Govt of Bihar & Orissa on 19th January 1926.
- Registration in the name of Bihar & Orissa Chamber of Commerce was granted on 23rd March 1926.
- The Chamber was formally inaugurated on 9th September 1926.
- The first elected Executive Committee was presided by Dewan Bahadur R K Jalan. Sri R C Pandit became the first elected Honorary Secretary.
- The Chamber was further recognised by The Government of Bihar & Orissa vide their letter no 450P dated 21 December 1926.
- Its first AGM held on 22nd May 1927.
- On 1st April 1936, Orissa separated as independent state. Thereafter, the name of Bihar & Orissa Chamber of Commerce changed to Bihar Chamber of Commerce in 1937.
- The present name Bihar Chamber of Commerce changed to Bihar Chamber of Commerce & Industries duly approved in EGM dated 28th Jul 2012 and Govt letter dated 14th August 2012.
- Bihar Chamber is one of the fifth oldest Chamber in the country. Rest are as follows:
| A. | Kolkata | 1830 |
| B. | Chennai | 1836 |
| C. | Mumbai | 1836 |
| D. | Cochin | 1857 |
| E. | Bihar | 1926 |
| F. | FICCI | 1927 |
| G. | Gujarat | 1949 |
| H. | Delhi | 1950 |