Indian Institute of Management Mumbai

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]

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
Type	Public Business School
Established	1963; 62 years ago (1963)
Academic affiliations	Institute of National Importance
Budget	₹1,079,776,499 (US$13 million) (2023)[1]
Chairman	Shashi Kiran Shetty
Visitor	President of India
Director	Manoj Kumar Tiwari
Academic staff	76 (2024)[2]
Students	1,130 (2024)[2]
Postgraduates	1,026 (2024)[2]
Doctoral students	104 (2024)[2]
Location	Mumbai , Maharastra , India 19°8′21″N 72°54′18″E
Campus	Urban, 63.832 acres (0.25832 km2)
Website	iimmumbai.ac.in

History

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

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

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

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

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

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]