The objective of this paper is to review the state-of-the-art and recent developments in Switched Reluctance Motor (SRM) drives. The interest for improved performance and reliability has motivated many SRM advances in the recent years. Even after almost 30 years of research in SRM, which might appear to be the simplest of all machines, there remain critical issues to be explored to gain deeper insight into the SRM technology. The paper briefly discusses the historical background and the basic operating principles of the motor. The topics discussed include the current state of research in converter topologies, control algorithms, torque ripple, noise, and sensorless operation. Recent advances in the field of SRMs indicates that they will have an increasing influence in the area of variable speed drives in the coming decades.