Larvae of Hermetia illucens, also commonly known as black soldier fly (BSF) have gained significant importance in the feed industry, primarily used as feed for aquaculture and other livestock farming. Mathematical models such as the Von Bertalanffy growth model and dynamic energy budget models are available for modelling the growth of various organisms but have their demerits for their application to the growth and development of BSF. Also, such dynamic models were not yet applied to the growth of the BSF larvae despite models proven to be useful for automation of industrial production process (e.g. feeding, heating/cooling, ventilation, harvesting, etc.). This work primarily focuses on developing a model based on the principles of the afore mentioned models from literature that can provide accurate mathematical description of the dry mass changes throughout the life cycle and the transition of development phases of the larvae. To further improve the accuracy of these models, various factors affecting the growth and development such as temperature, feed quality, feeding rate, moisture content in feed, and airflow rate are developed and integrated into the dynamic growth model. An extensive set of data was aggregated from various literature and used for the model development, parameter estimation and validation. Models describing the environmental factors were individually validated based on the data sets collected. In addition, the dynamic growth model was also validated for dry mass evolution and development stage transition of larvae reared on different substrate feeding rates. The developed models with the estimated parameters performed well, highlighting their potential application in decision-support systems and automation for large scale production.