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S. P. Jain Institute of Management and Research
Business school in Mumbai, India From Wikipedia, the free encyclopedia
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The Shreyans Prasad Jain Institute of Management & Research (SPJIMR) is a constituent of the Bharatiya Vidya Bhavan (BVB), is an Indian business school established in 1981. Situated in Mumbai, Maharashtra.[1][2][3]
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History
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Perspective
S.P. Jain Institute of Management & Research (SPJIMR) was inaugurated in 1981 by the then British prime minister, Margaret Thatcher, as the Bharatiya Vidya Bhavan's Institute for Master of Management Studies (MMS).[4] Students from the first batch of 1983 were placed in several top companies, including BPCL, HDFC Ltd., Johnson and Johnson, Wipro, Asian Paints, Nerolac Paints Ltd., and Godrej and Boyce.
In 1986, Dr. M.L. Shrikant joined the institute as the Dean and led SPJIMR for almost three decades, introducing new and innovative methods of teaching and imparting management education.[2]
In 1992, SPJIMR attained autonomous status. Following the institute's separation from the University of Mumbai, the MMS programme was rebranded as PGDM.[5]
In 1994 and 1995, new programmes – Development of Corporate Citizenship (DoCC) and Assessment and Development of Managerial and Administrative Potential (ADMAP) – were launched, respectively.[6]
In 1998, SPJIMR launched ‘Gita Shibir’, led by Dr. M.L. Shrikant. The programme has been renamed ‘Science of Spirituality’.[7]
In 2009, the PGDM programme was accredited by the National Board of Accreditation (NBA).[8]
In 2010, SPJIMR’s three programmes were accredited by The Association of MBAs (AMBA). In 2023, a total of six programmes were accredited.[9]
In June 2015, Dr. M.L. Shrikant was succeeded by Dr. Ranjan Banerjee as the Dean of the institute.[10]
In 2018, SPJIMR received accreditation from the Association to Advance Collegiate Schools of Business (AACSB).[11][12] The Delhi campus was also inaugurated in the same year with long-term and short-term programmes.[13]
In 2019, a new building was inaugurated with state-of-the-art classrooms, group work rooms, a Design Thinking Lab, a new library, and an auditorium named after Dr. M.L. Shrikant.
In September 2021, Dr. Varun Nagaraj took over as the Dean of the institute,[14] following Dr. Ranjan Banerjee who led the institute until early 2021.[15]
In May 2024, SPJIMR launched Wise Innovation Studio for Emerging technologies.[16]
In July 2024, the institute collaborated with STEP Project Global Consortium and KPMG Private Enterprise.[17]
In January 2025, Yes Bank in collaboration with RBIH and SPJIMR launched the "Frictionless Finance Accelerator Programme".[18]
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Campus
SPJIMR is situated on a 45-acre campus, in the metropolis of Mumbai.[19]
The Delhi Centre of SPJIMR is spread over 13,000 square feet, in the Bharatiya Vidya Bhavan Campus, on Kasturba Gandhi Marg.[20]
Academics
SPJIMR provides a portfolio of management programmes for freshers as well as working professionals aspiring to pursue an MBA.[21] These include Post Graduate Diploma in Management, Executive Management, Social Sector Development, Global Management, Family-managed Business and Entrepreneurship, Accelerators and Doctoral Programmes.[22][23][24]
Rankings
International rankings
Financial Times Masters in Management (FT MiM) 2024: #1 Indian B-school, #35 globally, #7 globally in 'Careers Service' category.[28] The FT MiM Rankings evaluate full-time master's programmes from AACSB or EQUIS-accredited business schools worldwide, with criteria including alumni career progress, school diversity, international experience, and research output.[29]
National rankings
- Business Today-MDRA B-Schools Ranking 2024: #3 All India Rank.[30] It was ranked fifth by Business Today's".[31]
- India Today Group MDRA Best Business Schools Survey 2024: #1 All India Private B-School, #3 All India Rank.[32]
- The Week–Hansa Research Survey 2024: #2 All India Private B-school, #6 All India Rank.[33]
- Fortune India 2024: #1 All India Private B-school, #5 All India Rank.[34]
The institute has also A* national rating and A* State ratings by CRISIL.[9]
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Accreditation
In December 2024, SPJIMR was awarded EQUIS accreditation.[35] SPJIMR received an extension of its AACSB accreditation in February 2024.[36] In March 2025, SPJIMR was re-accredited by AMBA for five years. The AMBA accreditation applies to the following programmes: PGDM, PGDM (BM), PGPM, PGEMP, PGPGM, PGPFMB, PGPDM, and PGDM Online.[37][38]
The triple accreditation by EQUIS, AACSB and AMBA are recognised globally as Triple Crown accreditation.
Nationally, SPJIMR's Post Graduate Diploma in Management (PGDM) programme is accredited by the National Board of Accreditation (NBA) for a six-year period starting from July 1, 2022.[39]
In January 2025, the Association of Indian Universities (AIU) granted Ph.D. equivalence to SPJIMR’s Fellow Programme in Management (FPM).[40]
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Notable alumni
SPJIMR alumni include:
- Business
- Madan Padaki, co-founder and director of Sylvant Advisors[41][42]
- Girish Wagh, head, commercial vehicle business unit Tata Motors[43]
- Pradeep Kar, founder, chairman and managing director of Microland[44]
- Anant Bajaj, MD, Bajaj Electricals
- Rajesh Jejurikar, Executive Director (Auto & Farm Sectors), Mahindra Group[45]
- Debjani Ghosh, Distinguished Fellow at NITI Aayog and the Chief Architect of the NITI Frontier Tech Hub[46]
- Arts
- Siddharth Suryanarayan, Indian film actor, screenplay writer, producer and Playback singer[47]
- Vikram Sampath, Indian Historian and Fellow of Royal Historical Society.[48]
- Sports
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References
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