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The Socialist Party is an independent incarnation of the Congress Socialist Party (CSP) formed in 1934 within the Congress. The CSP was founded by Jaiprakash Narayan, Acharya Narendra Dev, Dr Ram Manohar Lohia. It merged itself into the Janata Party in 1977 immediately after the independence. Efforts to revive the Socialist Party started after the disintegration of the Janata Party and were strengthened by the Indian Socialist Meet held in Pune in 2002.

Surendra Mohan and Panna Lal Surana were entrusted with the responsibility of taking the lead in this task and worked to bring together various socialist outfits and individuals. After a year-long deliberation undertaken through a series of meetings held in different cities of the country, several socialist groups and individuals met in a two-day foundation conference held in Hyderabad on 28-29 May 2011 and formed the Socialist Party (India).

The party was envisioned as a means to carry forward the legacy of India’s great socialist leaders and thinkers. 

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