Indian Institutes of Management

The Indian Institutes of Management are Centrally Funded Business Schools for management offering undergraduate, postgraduate, doctoral and executive programmes along with some additional courses in the field of business administration. The establishment of IIMs was initiated by Jawaharlal Nehru, the first prime minister of India, based on the recommendation of the Planning Commission of India.
IIMs were declared institutions of national importance by the Ministry of Human Resource Development after the passage of Indian Institutes of Management Act, 2017. By this act, IIMs were given more autonomy in handling their day-to-day operations. The act changed the IIM governing body from the IIM council to an IIM coordination forum. IIMs were granted much leeway to decide their courses, fees and other related matters. Top IIMs — such as IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Indore and IIM Lucknow — have featured in top 100 global b-schools by FT MBA Ranking, as well as achieved top 10 rankings among management schools in India, according to the National Institutional Ranking Framework used by the HRD minister of India.
The full time Master of Business Administration programmes, are the flagship programs across all IIMs. The full time MBA degree is offered as a two-year Post Graduate Programme in Management or the one-year global MBA. Eight leading IIMs — IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Indore, IIM Mumbai, IIM Shillong, IIM Lucknow, and IIM Kozhikode — offer the one year MBA as a full-time programme that follows the global MBA norms. Some IIMs also offer a two-year part time MBA for graduates with more work experience.
IIMs only offered diplomas at the end of the full time programmes However, since the passage of IIM Act 2017, all IIMs have started offering Master of Business Administration. Some IIMs offer the Fellow Programme in Management, a doctoral programme. The fellowship is considered to be equivalent to a DBA globally. Most IIMs also offer short-term Executive MBA courses and part-time programmes. Some IIMs also offer unique programs, like IIM Bodh Gaya, IIM Rohtak, IIM Ranchi and IIM Indore's Five Year Integrated Programme in Management and IIM Lucknow's Working Managers' Programme of two years. IIM Rohtak is the only IIM which offers a Five Year Integrated Program in Law. The IIM's are some of the most competitive business schools in the world to get accepted into, with an acceptance rate of around 3%.

Institutes

Photo	Established	Institute	Abbreviation	Location	State/UT	NIRF Ranking 2025	Global Accreditation	FT Global MBA Ranking 2023	FT Masters in Mgmt 2022 Global Ranking	Website	Notes
	1961	IIM Calcutta	IIM-C	Kolkata	West Bengal	7	Triple accreditation-AACSB, AMBA, EQUIS	76		https://www.iimcal.ac.in
	1961	IIM Ahmedabad	IIM-A	Ahmedabad	Gujarat	1	EQUIS	51		https://www.iima.ac.in
	1973	IIM Bangalore	IIM-B	Bengaluru	Karnataka	2	EQUIS	52	31	https://www.iimb.ac.in
	1984	IIM Lucknow	IIM-L	Lucknow	Uttar Pradesh	5	Double accreditation-AACSB, AMBA	90	64	https://www.iiml.ac.in
	1996	IIM Indore	IIM-I	Indore	Madhya Pradesh	8	Triple accreditation-AACSB, AMBA, EQUIS	89	89	https://www.iimidr.ac.in
	1996	IIM Kozhikode	IIM-K	Kozhikode	Kerala	3	Double accreditation-AMBA, EQUIS			https://www.iimk.ac.in
	2007	IIM Shillong	IIM-S	Shillong	Meghalaya	38				https://www.iimshillong.ac.in
	2010	IIM Raipur	IIM-Raipur	Raipur	Chhattisgarh	15				https://www.iimraipur.ac.in
	2010	IIM Ranchi	IIM-Ranchi	Ranchi	Jharkhand	18				https://www.iimranchi.ac.in
	2010	IIM Rohtak	IIM-Rohtak	Rohtak	Haryana	19	AMBA			https://www.iimrohtak.ac.in
	2011	IIM Kashipur	IIM-Kashipur	Kashipur	Uttarakhand	23				https://www.iimkashipur.ac.in
	2011	IIM Tiruchirappalli	IIM-T	Tiruchirappalli	Tamil Nadu	16	AMBA			https://www.iimtrichy.ac.in
	2011	IIM Udaipur	IIM-U	Udaipur	Rajasthan	21	AACSB		81	https://iimu.ac.in/
	2015	IIM Amritsar	IIM Amritsar	Amritsar	Punjab	64				https://www.iimamritsar.ac.in
	2015	IIM Bodh Gaya	IIM-BG	Bodh Gaya	Bihar	31				https://www.iimbg.ac.in
	2015	IIM Nagpur	IIM-N	Nagpur	Maharashtra					https://www.iimnagpur.ac.in
	2015	IIM Sambalpur	IIM Sambalpur	Sambalpur	Odisha	34				https://www.iimsambalpur.ac.in
	2015	IIM Sirmaur	IIM Sirmaur	Sirmaur district	Himachal Pradesh	51				http://www.iimsirmaur.ac.in
	2015	IIM Visakhapatnam	IIM-V	Visakhapatnam	Andhra Pradesh	29				https://www.iimv.ac.in
	2016	IIM Jammu	IIM-J	Jammu	Jammu and Kashmir	35				https://www.iimj.ac.in
	1963	IIM Mumbai	IIM-M	Mumbai	Maharashtra	6
	2025	IIM Guwahati	IIM-G	Guwahati	Assam

History

After India became independent in 1947, the Planning Commission was entrusted to oversee and direct the development of the nation. India grew rapidly in the 1950s, and in the late 1950s the Commission started facing difficulties in finding suitable managers for the large number of public sector enterprises that were being established in India as a part of its industrial policy. To solve this problem, the Planning Commission in 1959 invited Professor George Robbins of UCLA to help in setting up an All India Institute of Management Studies. Based on his recommendations, the Indian government decided to set up two elite management institutes, named Indian Institutes of Management. Calcutta and Ahmedabad were chosen as the locations for the two new institutes.
The institute at Calcutta was established first, on 13 November 1961, and was named Indian Institute of Management Calcutta or IIM Calcutta. It was set up in collaboration with the MIT Sloan School of Management, the government of West Bengal, the Ford Foundation, and Indian industry. The institute at Ahmedabad was established in the following month and was named the Indian Institute of Management Ahmedabad. Like MIT Sloan in the case of IIM Calcutta, Harvard Business School played an important role in the initial stages of IIM Ahmedabad.
In 1972, a committee headed by Ravi J. Matthai took note of the success of the two established IIMs and recommended the setting up of two more IIMs. Based on the committee's recommendation, a new IIM, originally intended to cater exclusively to the needs of public sector enterprises, was established in Bangalore the next year. In 1981, the first IIM Review Committee was convened to examine the progress of the three existing IIMs and to make recommendations. The committee noted that the three IIMs were producing around 400 PGP graduates every year and that they had reached their optimum capacity. It proposed the opening of two more IIMs to meet the rising demand for management professionals. It also recommended expanding the Fellowship programmes, similar to PhD programmes, to meet the growing demand for faculty in management schools in India. The fourth IIM, IIM Lucknow, was established in 1984 based on the committee's recommendation.
Two more IIMs, the fifth and sixth, were established at Kozhikode and Indore in 1996. IIM Shillong was the seventh IIM to be established, following a 2005 decision by the Government of India; its foundation stone was laid on 1 December 2007; and its first academic session was 2008–09. Since 2007, fourteen new IIMs have been set up, bringing the total number of IIMs to 20, IIM-Jammu being the latest one, starting in 2016. In 2023, prestigious National Institute of Industrial Engineering, Mumbai, was converted into an IIM, making for a total of 21 IIMs. In 2025, the twenty second IIM was established in Guwahati.
The Union Cabinet, on 24 January 2017, approved the bill that became the Indian Institutes of Management Act, 2017, which declares IIMs as Institutes of National Importance and enables them to grant degrees and to further make other important changes to the institute. The IIM bill was passed by the Lok Sabha on 28 July 2017 and by the Rajya Sabha on 19 December 2017. After receiving presidential assent, the IIM bill became an Act on 31 December 2017.
In the 2023 Union Budget grants to the IIMs were cut in half. Heads of IIMs and B-schools said this would effect the newer IIMs disproportionately.