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]
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]
Campus and Infrastructure
IIM Mumbai Entrance
IIM Mumbai’s main campus is located in Powai, in the north-eastern suburbs of Mumbai, nestled adjacent to the Vihar Lake and surrounded by the Sanjay Gandhi National Park. Spread across nearly 67 acres, the campus offers a green, tranquil environment despite being situated within India’s financial capital. The institute functions from this single campus, which houses its academic blocks, hostels, and recreational facilities.
Teaching Blocks
IIM Mumbai’s primary academic spaces consist of spacious classrooms designed for participative learning. Equipped with overhead projectors and presentation screens, they support the institute’s interactive, case-based pedagogy.
IIM Mumbai ALB Building
Library
The institute's library relocated in 2016 to a dedicated Academic cum Library Building (ALB), covering approximately 1,434 sq m across three floors. It offers a centrally air-conditioned environment, sufficient lighting, secured Wi-Fi, and abundant reading spaces. Housing technical books, reference materials, journals (print & online), electronic databases, and educational software, it serves as the primary knowledge hub on campus.[19]
IIM Mumbai Library
Auditorium
A fully air-conditioned, acoustically treated auditorium seating around 200 attendees serves multiple purposes: academic lectures, executive development programs, and more. The facility is complemented by a multimedia-rich Audio-Visual Centre that handles lecture production, presentation support, and web broadcasting of events.
IIM Mumbai Auditorium
Sports & Recreation
The campus features diverse sports infrastructure, including facilities for badminton (in a dedicated sports complex), basketball, volleyball, cricket, table tennis, carom, and chess. Floodlit courts ensure usability even during evenings, and hostel common rooms provide spaces for relaxation with music systems, TVs, and leisure reading.
IIM Mumbai Amphitheatre
Financial Research and Trading Lab
IIM Mumbai maintains a Financial Research and Trading Lab equipped with a Bloomberg Terminal providing students access to real time market data, analytics, and tools for applied financial research and simulations.
Other Facilities
The campus infrastructure includes advanced computer and simulation labs, CAD/CAM and SAP Next-Gen labs, and specialized facilities for engineering and ergonomics. Additional amenities include a gymnasium, guest houses, cafeteria, convenience store, medical dispensary and shuttle services within the campus.[20][21][22]
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 Postgraduate 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)[23] and the unit based programs (UBPs) in different areas of Industrial Engineering & Management.[24]
Rankings
IIM Mumbai is ranked 6th among management schools in India by the National Institutional Ranking Framework (NIRF) in both 2024 and 2025.[25][26] After rising from its 7th position in 2023, the institute has maintained it's position among the country's top business schools. Retaining the same rank in 2025 highlights it's consistent performance and growing reputation.[27]
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.[28][29]
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