Research data management is a system that helps in archiving and retrieving of research data to reuse and preserving them for long term use. Many universities in developed countries have already started providing RDM services to their researchers and academicians. In India, it is still in the initial stage. The purpose of the present study is to investigate the perceptions of researchers and academicians of Parul University on research data management and research data sharing. It also explores the ways the researchers preserved their research data for future use. It also explores the ways the library can take initiatives to encourage and extend support to the researchers and academicians to the organisation, preservation, and sharing of research data. To investigate and study the problem 100 questionnaires were distributed. There are 88 responses we received out of 100. The study revealed that the majority of respondents were agreeing about the research data sharing and free accessibility of research data to browse and reuse. Researchers are very much interested and agreed in the library’s involvement in organizing and preservation of research data. Researchers and faculty members are more concerned about their intellectual property rights while sharing the data on the public domain.