10 May 1931 Chemical and Pharmaceutical Faculty became an independent and received a new name – the Moscow Institute of Fine Chemical Technology (MITHT). Historically, the name of the institute is due to the nature of objects that are studied by students: they were small capacity chemical and pharmaceutical technology, technology of platinum group metals and rare-earth elements. From this moment begins a new stage of development of the institution, which is quickly becoming one of the leading universities in the chemical industry.