The First Convocation of the Indian Statistical Institute was held in the mango-grove of the Institute on 12 February 1962.
The event of first convocation was marked with the conferment of Honorary Doctor of Science to five eminent people: Professor Satyendra Nath Bose, Sir Ronald Aylmer Fisher, Sri Jawaharlal Nehru, Academician Andrey Nikolaevich Kolmogorov and Dr. Walter Andrew Shewhart.
During the first convocation, the Degree of Doctor of Philosophy was conferred to two students, Kalyanapuram Ranga Parthasarathy and Jayaram Sethuraman, and Master of Statistics Degree to Narasimha Sreenivasa Iyengar, Vasant Tukaram Korde, Tares Maitra, Manjula Mukhopadhyay, Ganesan Parthasarathy, Kadiyala Koteswara Rao, and Paras Nath Singh.