In modern industrial manufacturing processes, induction motors are broadly utilized as industrial drives. Online condition monitoring and diagnosis of faults that occur inside and/or outside of the Induction Motor Drive (IMD) system make the motor highly reliable, helping to avoid unscheduled downtimes, which cause more revenue loss and disruption of production. This can be achieved only when the irregularities produced because of the faults are sensed at the moment they occur and diagnosed quickly so that suitable actions to protect the equipment can be taken. This requires intelligent control with a high-performance scheme. Hence, a Field Programmable Gate Array (FPGA) based on neuro-genetic implementation with a Back Propagation Neural network (BPN) is suggested in this article to diagnose the fault more efficiently and almost instantly. It is reported that the classification of the neural network will provide the output within 2 µs although the clone procedure with microcontroller requires 7 ms. This intelligent control with a high-performance technique is applied to the IMD fed by a Voltage Source Inverter (VSI) to diagnose the fault. The proposed approach was simulated and experimentally validated.