A method, device and system for managing collaboration amongst robots is disclosed. The method may include assigning a color tag from a set of predefined color tags to each of a plurality of robots, based on associated functional capabilities. The method may further include dynamically creating a plurality of groups for a plurality of tasks based on at least one attribute associated with each of the plurality of tasks and functional capabilities associated with the plurality of robots. The method may include electing a plurality of chief robots for the plurality of groups based on a first predefined logic. The method may include selecting a prime robot from the plurality of chief robots based on a second predefined logic and the selected prime robot may be configured to monitor activity of each of the plurality of groups and each robot in each of the plurality of groups.