Indian Institute of Management Mumbai

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Indian Institute of Management Mumbai
Other name
IIM Mumbai, IIM-M
Former name
National Institute of Industrial Engineering (NITIE)
Motto
ज्ञानम् जयति सर्वत्र (Sanskrit)
transl. Knowledge triumphs everywhere
TypePublic Business School
Established1963; 62 years ago (1963)
Academic affiliations
Institute of National Importance
Budget₹1,079,776,499 (US$13 million) (2023)[1]
ChairmanShashi Kiran Shetty
DirectorManoj Kumar Tiwari
Academic staff
76 (2024)[2]
Students1,130 (2024)[2]
Postgraduates1,026 (2024)[2]
104 (2024)[2]
Location
Mumbai
,
Maharastra
,
India

19°8′21″N 72°54′18″E / 19.13917°N 72.90500°E / 19.13917; 72.90500
CampusUrban, 63.832 acres (0.25832 km2)
Websiteiimmumbai.ac.in
Map

The Indian Institute of Management Mumbai (IIM Mumbai or IIM-M), formerly known as the National Institute for Training in Industrial Engineering (NITIE Mumbai) is a reputed graduate business school under the Ministry of Education (India),[3] Government of India located in Powai near Vihar Lake in Mumbai, Maharashtra and is ranked 6th among B-Schools of India as per NIRF 2024 rankings.[4]

History

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The National Institute for Training in Industrial Engineering,[5] later the National Institute of Industrial Engineering (NITIE), now Indian Institute of Management Mumbai (IIM Mumbai) was established by the Government of India in 1963 with the assistance of United Nations Development Programme (UNDP) through the International Labour Organization (ILO) to create skilled professionals. It was funded by the Government of India and registered as a society under the Societies Registration Act, 1860.[6]

Conversion to IIM

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Noted industrialist Anand Mahindra and HDFC chairman Deepak Parekh had suggested, in 2007, the change in name of NITIE to an IIM, Mumbai.[7] The then Prime Minister Dr Manmohan Singh had promised to look into the issue.

For several years no step was taken in this direction, but recently, on 31 January 2022, the Ministry of Education (India) has constituted a committee of experts to deliberate on the feasibility of bringing the National Institute of Industrial Engineering (NITIE) Mumbai under IIM Act, 2017.[8][9] The list of experts includes Shri Ashish Kumar Chauhan, MD & CEO, Bombay Stock Exchange & Chancellor University of Allahabad, Prof. Pawan Kumar Singh, Director, IIM Tiruchirappalli, Prof. Pramod Kumar Jain, Director, IIT BHU, Prof. Subhasis Choudhuri, Director, IIT Bombay, Shri Pradeep Goyal, CMD, M/s Pradeep Metals.

A significant milestone was achieved by NITIE Mumbai on 12 July 2023 when the Union Cabinet approved the amendment in the IIM Act, designating NITIE Mumbai as the 21st IIM and renaming it as IIM Mumbai.[10]

On July 28, 2023, The Indian Institutes of Management (Amendment) Bill, 2023 was introduced in Lok Sabha by Union education minister Dharmendra Pradhan.[11]

The Indian Institutes of Management (Amendment) Bill, 2023 was passed by Lok Sabha on Aug 4, 2023 [12] It was also passed by Rajya Sabha on Aug 8, 2023. After receiving the President's assent, the Bill became an Act on Aug 11, 2023.[13][14][15]

Launch of the Incubation Centre

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In June 2025, IIM Mumbai established the Atal Incubation Centre–NITIE Incubation Foundation for Innovation and Entrepreneurship (AIC-NIFIE)[16] to promote innovation-driven entrepreneurship. Supported by the Atal Innovation Mission and NITI Aayog, the incubator provides early-stage startups with mentorship, infrastructure, industry linkages, and access to research and funding. Aligned with the institute’s emphasis on technology and management, AIC–NIFIE aims to foster a robust entrepreneurial ecosystem both within and beyond the IIM Mumbai community. [17][18]

Academics

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IIM Mumbai offers a comprehensive portfolio of management programs, including full-time MBAs in General Management, 'Operations and Supply Chain Management' and 'Sustainability Management' along with various executive MBA programs tailored for working professionals seeking career advancement. The institute also has a legacy of post graduate diplomas in industrial engineering, industrial management (PGDIM), sustainability, information technology management, and financial economics and management (PGDFEM).

It also offers doctoral level fellowship programs. The Fellow Program of IIM Mumbai was started in 1980, since then nearly 100 Fellowship (Doctoral) Degrees have been awarded. Annually, IIM Mumbai trains over 2000 professionals through its various week long Management Development Programs (MDPs)[19] and the unit based programs (UBPs) in different areas of Industrial Engineering & Management.[20]

Rankings

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IIM Mumbai is ranked 6th among management schools in India by the National Institutional Ranking Framework (NIRF) in 2024.[21] The institute advanced from its 7th position in 2023, reflecting its growing stature in the management education landscape.[22]

Student life

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IIM Mumbai Hostel and Lake view

IIM Mumbai is a student-run institute that has around 30 Committees and Forums that the students can be a part of. Around a year, these committees organize various events and programs like Sansmaran – Alumni Meet, Avartan – Flagship Business fest of IIM Mumbai, Mahamandi, Arohan, Panel discussions, Leadership talks, Social Volunteering works, etc.[23][24]

References

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  1. ^ "Annual Report 2022–2023" (PDF). iimmumbai.ac.in. Retrieved 6 June 2024.
  2. ^ a b c d "NIRF 2024" (PDF). IIM Mumbai.
  3. ^ "Institutions | Government of India, Ministry of Education". www.education.gov.in. Retrieved 10 June 2021.
  4. ^ "MHRD, National Institute Ranking Framework (NIRF)". www.nirfindia.org. Archived from the original on 5 June 2023. Retrieved 5 June 2023.
  5. ^ "ICDAPS-2022 - About Conference". nitie.ac.in. Retrieved 17 July 2023.
  6. ^ "Ministry of HRD website, Government of India". Archived from the original on 5 February 2009. Retrieved 4 February 2009.
  7. ^ Deshmukh, Smita (1 September 2007). "Convert Nitie into an IIM: Mahindra". DNA India. Retrieved 10 June 2021.
  8. ^ Madhani, Armaan (2 April 2022). "Ministry of Education forms an expert committee to bring NITIE under IIM Act 2017". Dalal Street Investment Journal. Retrieved 4 February 2022.
  9. ^ "BSE's Ashishkumar Chauhan to head expert panel on bringing NITIE Mumbai under IIM Act". Financial Express. 2 April 2022. Retrieved 4 February 2022.
  10. ^ "Parliament monsoon session: Bill to amend IIM Act among 3 cleared by Cabinet". Hindustan Times. 12 July 2023. Retrieved 12 July 2023.
  11. ^ "IIM (Amendment) Bill introduced in LS amid disruptions over Manipur issue".
  12. ^ "Parliament proceedings | Lok Sabha passes Indian Institutes of Management (Amendment) Bill, 2023".
  13. ^ "E-Gazette" (PDF).
  14. ^ "7 new laws, including Delhi services legislation, receive Presidential assent". The Times of India. 12 August 2023. ISSN 0971-8257. Retrieved 13 August 2023.
  15. ^ "Delhi Services Bill, 6 others get President's assent, become laws". DNA India. Retrieved 13 August 2023.
  16. ^ "AIC NIFIE". iimmumbai.ac.in. Retrieved 22 July 2025.
  17. ^ "IIM Mum opens incubator to anyone with a good idea". The Times of India. 25 June 2025. ISSN 0971-8257. Retrieved 20 July 2025.
  18. ^ "AIC NIFIE". iimmumbai.ac.in. Retrieved 20 July 2025.
  19. ^ "MDP | NITIE". www.nitie.ac.in. Retrieved 10 June 2021.
  20. ^ "Mumbai: Following IIM tag, NITIE to Convert PG Diploma Courses to MBA, Admit Non-Engineering Students".
  21. ^ Cite error: The named reference Rankings_NIRF_B_2024 was invoked but never defined (see the help page).
  22. ^ "IIM Mumbai - Ranking". iimmumbai.ac.in. Retrieved 20 July 2025.
  23. ^ "Committees | NITIE". www.nitie.ac.in. Retrieved 10 June 2021.
  24. ^ "IIM Mumbai - Committees". iimmumbai.ac.in. Retrieved 22 July 2025.
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