Alkali-based barium borosilicate glasses having similar composition to the Trombay nuclear research reactor waste base glass containing iron were prepared and irradiated by gamma rays. The radiation-induced defect centers were investigated using electron paramagnetic resonance (EPR) technique. The results showed the formation of silicon hole centers and electron trap centers apart from boron-based oxy hole centers in the glass due to the irradiation. The EPR Hamiltonian parameters for these radicals were evaluated by simulation technique using Bruker SIMFONIA computer program. Glasses with varying iron content were irradiated with the same dose to evaluate the effect of iron content on the defect center concentration. A spin counting technique was employed to evaluate the number of defect centers produced in each glass. It was observed that the defect center concentration reduced as a function of increasing iron content. This was attributed to the charge trapping process of ferric ions in the amorphous system.