History
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]
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]
