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Indian Institute of Management Ahmedabad

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Indian Institute of Management Ahmedabad (IIM Ahmedabad or IIM-A), is an Indian business school, located in Ahmedabad, Gujarat, India. As one of India's premier Indian Institutes of Management, the school has been accorded the status of an Institute of National Importance by the Ministry of Human Resources, Government of India in 2017.[4] It is widely regarded as the leading business school in India, and one of the most prestigious business schools in the world.

Indian Institute of Management Ahmedabad
Mottoविद्याविनियोगाद्विकास: (Sanskrit)
transl. Progress Through the Application of Knowledge
TypePublic Business School
Established11 December 1961; 62 years ago (1961-12-11)
AccreditationEQUIS
Endowment₹605,392,000 (US$7.3 million) (2022)[1]
Budget₹2,549,220,000 (US$31 million) (2022)[1]
ChairmanPankaj Patel[2]
DirectorBharat Bhasker
Academic staff
110[3]
Students1,006[3]
Postgraduates878[3]
128[3]
Location
Ahmedabad
,
Gujarat
,
India

23°1′53.98″N 72°32′10.77″E / 23.0316611°N 72.5363250°E / 23.0316611; 72.5363250
CampusUrban, 102 acres (41 ha)
Websitewww.iima.ac.in Edit this at Wikidata
Map
Map with new campus on west

Established in 1961, the institute offers master's degree programs in management and agri-business management, a fellowship program and a number of executive training programs.[5] The institute's founding director is Ravi J. Matthai.[6] Other notable founding figures were the Indian physicist Vikram Sarabhai, Indian businessman Kasturbhai Lalbhai and Indian educator Kamla Chowdhary.[7][8]

History

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Vikram Sarabhai, the Honorary Director of IIMA.

IIM Ahmedabad was established on 11 December 1961[9] with the active support of the Government of India, the Government of Gujarat, Harvard Business School, and prominent members of Indian industry. The physicist Vikram Sarabhai and businessman Kasturbhai Lalbhai, both natives of Ahmedabad, played pivotal roles in setting up the institute. The institute's Kasturbhai Lalbhai Management Development Centre and a Kasturbhai Lalbhai Chair in Entrepreneurship are named in his honor. The management educator Ravi J. Matthai and several other Ahmedabad-based businessmen also played a major role in its creation.[10][11][12] Kamla Chowdhary was the first faculty of the institute, and the coordinator of programmes between 1962 and 1965.[13]

The institute offers master's degree programs in management and agri-business management, a fellowship program and a number of executive training programs.[5] The institute's founding director was Ravi J. Matthai.[7] Other notable founding figures were the Indian physicist Vikram Sarabhai, Indian businessman Kasturbhai Lalbhai and Indian educator Kamla Chowdhary.[7][8]

In 2024 it was ranked first among the business schools in India by the National Institutional Ranking Framework.[14][15][16] During the period 2020–2024, it has been ranked first amongst management institutions in India.

Campus

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The IIM Ahmedabad campus is situated across 102 acres in Vastrapur, Ahmedabad. The campus houses the academic blocks, faculty offices, student and faculty accommodation, the Vikram Sarabhai Library, the R.J. Matthai Auditorium, the Louis Kahn Plaza, the International Management Development Centre, the Kasturbhai Lalbhai Management Development Centre, the Centre for Innovation, Incubation and Entrepreneurship, sport facilities, several food outlets and merchandise stores.[17]

Overseas Extension Centre in Dubai

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In collaboration with UAE-based BRS Ventures, IIM Ahmedabad has signed an agreement to establish its first overseas extension centre in Dubai. The centre aims to offer executive education programmes that are relevant to the region, including both open learning and customised training programmes.[18] This move is part of IIM Ahmedabad's global outreach, making it the first IIM to potentially establish a full-fledged overseas campus.[19] The development is in line with the National Education Policy, which encourages high-performing Indian universities to set up campuses in other countries.[19]

Architecture

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In 1962, the IIM Ahmedabad board came to a formal agreement with the National Institute of Design (NID) for the latter to undertake the task of designing the IIM Ahmedabad campus. The National Institute of Design appointed American architect Louis Kahn and B.V. Doshi as architects for the project. Kahn worked on the IIMA project from 1962 until his death in 1974.

Kahn's architecture is characterized by the use of exposed red bricks, the extensive use of geometric shapes in hostels and academic blocks and vast corridors outside the classrooms. He combined Indian traditional and vernacular architecture and modern architecture skillfully. A number of tourists and architecture students often visit the campus for its phenomenal architectural impact.[20]

Vikram Sarabhai Library

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The library is named after the institute's founder, renowned physicist Vikram Sarabhai. The library was instituted in 1962 and houses over 193000 books and has online subscriptions to greater than 24000 journals. The library provides access to 100+ digital databases relating to scholarly, company and industry information to the IIMA community. The library is located at the Louis Kahn Plaza. In year 2016, Tata Consultancy Services partnered with the university with a grant of ₹20 crore (US$2.4 million) to restore the library for digital learning and collaboration.[21] In 2019, the library received Award of Distinction' at the UNESCO Asia Pacific Award for Cultural Heritage Conservation 2019.[22]

Student accommodation

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Students are provided single room accommodation in the 33 fully furnished dormitories spread across the campus. Married students can opt to live with their family in married students' hostels. Stay in dormitories is mandatory for students. Basic amenities including washing machines, refrigerators and TVs are available at each dorm.[23]

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The logo of the institute has the motif of the 'Tree of Life'. The logo is inspired by a carved stone latticework jaali in the 16th century mosque of Siddi Saiyyad in old part of Ahmedabad.[24] The Sanskrit phrase 'vidyaviniyogaadvikasah' embedded in the logo was given by Professor H.N. Pathak in the 1960s in response to a competition organized by Prof. Ravi J. Matthai, which translates to "it is the application of knowledge that leads to one's overall development."[25]

Organisation and administration

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IIM Ahmedabad Old and New Campus.

Schools

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  • JSW School of Public Policy - Set up with financial contribution from JSW Steel Ltd worth Rs. 50 crore, the school is engaged in research on policy formulation and design, policy choice, and policy impact.[26]

Research centers

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The university has the following sector or mission oriented centres which are staffed by faculty members:[27]

  • Centre for Innovation, Incubation & Entrepreneurship (CIIE) – It was originally set up in 2012 as a research institution, with a grant pool from Government of Gujarat, the Department of Science and Technology (DST) and IIMA.[28] It now operates as a section 8 non profit company under Companies Act 2013. The centre supports 40–60 ventures every year through its accelerator programs, incubation spaces and seed investment program.[29] The centre has about 20,000 sq ft of incubation space in Ahmedabad, 30,000 sq ft in Pune and is in the process of setting up another one in Pune spread over 10,000 sq ft.[29] The center also has a Young IIMAvericks Fellowship/Internship program[30] for batch of graduating students who decide to take the route of entrepreneurship.[30] In 2015, CIIE was invited to co-host the first India-US Startup Konnect in the Silicon Valley to showcase the strengths of India's startup ecosystem.[31][32] In 2017, Securities and Exchange Board of India gave approval to Bharat Innovation Fund to operate as a Venture Capital Fund and also secured Category – I Venture Capital Fund status.[33]
  • India Gold Policy Centre
  • Centre for Management of Health Services
  • Gender Centre
  • Misra Centre for Financial Markets and Economy
  • NSE Centre for Behavioral Science in Finance, Economics and Marketing
  • Centre for Transportation and Logistics
  • Centre for Digital Transformation
  • Ashank Desai Centre for Leadership and Organisational Development (CLOD)
  • Centre for Digital Transformation, set up in collaboration with Bank of America
  • Arun Duggal ESG Centre for Research and Innovation[34]

Library

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The Vikram Sarabhai Library is a biggest central library in India located on the campus of the Indian Institute of Management (IIM) in Ahmedabad, Gujarat, India. It is named after Dr. Vikram Sarabhai, who was a renowned physicist and industrialist, and is considered to be the father of the Indian space program.

The library is spread over an area of approximately 30,000 square feet and is one of the largest management libraries in Asia. It has a collection of over 1,00,000 books, 10,000 journals and other resources in various fields of management, economics, social sciences, and humanities.

The library provides access to various online databases, e-journals, e-books, and other digital resources. It also has a state-of-the-art auditorium, discussion rooms, and a computer lab for the use of students and faculty members.

The library is open to all IIM students, faculty members, and staff. It is also open to external users, who can access the library's resources by obtaining a membership. The library has a friendly and helpful staff that assists users in finding the resources they need and in using the library's facilities.[35]

Academics

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IIM Ahmedabad offers various full-time and part-time postgraduate programmes, leading to an MBA degree. It also offers diploma programmes.

Exchange programs

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IIMA has affiliations with 78 leading business schools across the world. In 2015–16, 140 students from IIMA spent a semester at affiliate business schools across North America, Europe, Africa, Australia, and the Asia Pacific region, while 87 students from foreign colleges spent a semester at IIMA for the same period. The institute has a Dual Degree and one term exchange programs arrangement with a few business schools such as HEC Paris, Bocconi University, EDHEC Business school,[36] University of Louvain,[37] ESSEC Business School in Paris, University of Cologne, ESCP Europe and Emlyon Business School.[38] Some of the students going on exchange receive scholarships from the institute, DAAD Germany, the French Government and participating schools.[39]

Admission

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IIMA offers different academic programs and has admission processes and eligibility respectively. The IIMA admission process is based on the course candidate opt for. CAT score is the basic exam to apply for admission in PGP, PGP-FaBM, ePGP and ePGD-ABA. Admission to PGPX is on the basis of GMAT/GRE[40] only. Apart from that, they accept applications from other entrance exams like GRE, GMAT, GATE, UGC-JRF & ICAR-SRF. The next major aspect for admission is the category (GEN & EWS, NC & OBC, SC, ST, PWD & PWD (ST)[clarification needed] ), Total seats are further divided into the category where IIM accept admission on the category basis. Good academic record and percentage score is another major aspect. [41]

IIM also conducts its analytics writing test and personal interview (AWT & PI) in Ahmedabad, Bangalore, Hyderabad, Kolkata, & New Delhi cities of selected candidates. Seats in IIMA are reserved, based on government instruction 27% of seats are reserved for NC-OBC, 15% for SC, 7.5% for ST candidates, 5% for Persons with Benchmark Disabilities (PwD), and up to 10% for Economically Weaker Sections (EWS).[42]

Rankings

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University rankings
Business – international
QS (MBA) (2023)[43]44
QS (MBA-Asia) (2023)[44]8
Financial Times (MBA) (2022)[45]62
The Economist (2021)[46]51
Business/Management – India
NIRF (2023)[47]1
Business Today (2022)[48]2
Government colleges: 
Outlook India (2022)[49]1

In India, IIM Ahmedabad was ranked first among management schools in India by the National Institutional Ranking Framework in 2024 for the fifth consecutive year with an overall score of 83.32.[47]

QS ranked its One Year MBA programme (PGPX) at rank 44 in the world[43] and rank 8 in Asia[44] in its Global MBA Rankings 2023. QS also ranked its Two Year MBA programme (PGP) at rank 42 in its World University Rankings - Masters In Management 2024.[50]

The Financial Times has ranked the One Year MBA programme (PGPX) of IIM Ahmedabad at rank 41 in its Global MBA Ranking 2024,[45] while also ranking it number one globally in the career progression category for the last three consecutive years.

The Two Year MBA programme (PGP) of IIM Ahmedabad was ranked by Financial Times at rank 43 in its global Masters in Management Ranking 2023,[51] with Career Progress rank 19 and Alumni Network rank 11.

Outlook India's "Top Public MBA Institutions In India" survey.[49] It was ranked second by Business Today's "India's Top Five B-Schools Yearly Ranking In 2022".[48] It was ranked 51 by The Economist in its 2021 Full-time B-school ranking.[46]

Student life

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Events

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A ProNite performance at Chaos 2017

The Red Brick Summit (TRBS)

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The Red Brick Summit or TRBS, named after the red brick walls that the campus is known for, replaced 'Big Four' individual management fests/summits (Confluence, Amatheon, ConneXions, and Insight) as an umbrella management symposium. Instituted in 2017, the mega event – the biggest management symposium in Asia with a footfall of 20,000 students across more than 250 Indian and 30 international universities – sees renowned speakers talking about issues relevant to management and public policy, national-level business competitions, and workshops attended by hundreds. The speakers include Nirmala Sitharaman (Union Cabinet Minister, Defence), Maneka Gandhi (Union Cabinet Minister, Women and Child Development), Hasmukh Adia (Revenue Secretary, Government of India), and Deep Kalra (Founder-CEO of MakeMyTrip).[52]

Chaos

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Chaos is the annual cultural festival of IIMA.[53] Its yearly editions have been centred on themes like diversity, colour or going green.[53] The cultural festivities draws footfalls of around 50,000 visitors from Ahmedabad over four days and participation from institutes across the country.[54] Pro-nites (events hosted by professional artists) are especially a huge success with a large number of top class artists coming and performing on one stage.[53] In the past, Chaos has witnessed musical performances by Jagjit Singh, Amit Trivedi, Raghu Dixit, Mohit Chauhan, Armaan Malik and Shankar–Ehsaan–Loy to name a few.[54][55]

Placements

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The placement process at IIM Ahmedabad is a student-driven process that institutionalizes placements for the entire batch. The Placement Committee elected by the student liaisons between the Institute administration, students, and recruiters.

Placements for the PGP and PGP-FABM courses are characterized by two phases – summer placements for the first-year batch and final placements for the graduating batch. The summers process is conducted in Nov/Dec for the first year. The second-year placement committee handles the process for them. The placement process for graduating is conducted in two stages. The first is the laterals process in January where firms interview students with prior work experience and offer them mid-level managerial positions. The second stage is the final placement process in around February. This process is handled by the newly elected committee among the PGP1s to avoid any conflict of interest and ensure a fair process. Companies from multiple sectors across different geographies hire candidates for a wide range of functions[56]

Placements for the One Year MBA (PGPX) course happen in two phases for the graduating batch. Given the senior roles that MBA-PGPX (One Year MBA) students take up after graduation, the placement process is conducted as a wave process in November and followed on a rolling basis from December onwards.

Impact

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Business

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IIMA has been instrumental in influencing the business landscape of the country, with the highest proportion of BSE 500 CEOs (who have an MBA) coming from IIMA.[57] More than 400 students provide live consulting for businesses through the Forum for Industry Interaction annually. 84 projects were undertaken by students in 2015.[58]

Monetary Policy

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IIMA has played a key role in India's monetary policy - four Governors of the Reserve Bank of India have been associated with IIMA (three as faculty - C. Rangarajan,[59] I. G. Patel,[60][61] and Y. V. Reddy, and one as student - Raghuram Rajan). Two faculty members (Ravindra Dholakia[62][63] and Jayanth Varma[64]) have been members of the Monetary Policy Committee (India).

Public Policy

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A key study by IIMA on salaries in the private and public sector helped shape the 7th Central Pay Commission's recommendations.[65] Professors from IIMA have been appointed to eminent panels and committees, responsible for shaping key policies, by the government.[66] IIMA's Gold Policy Centre is in the process of publishing a paper on the government's Gold Monetization Policy.[67] The Punjab Prisons Department has signed a MoU with IIMA for a prison modernization project.[68] The Central Vigilance Commission has asked IIMA to come up with India's first index to measure perceptions of graft and corruption, based on the Corruption Perceptions Index of Transparency International.[69] Key studies on state health indexes have also been released by IIMA, helping to highlight the progress made on the same by various states across the country.[70]

Training

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Through its Executive Education programs, IIMA will train key senior officers from Chhattisgarh, as well as state Chief Minister Raman Singh, focussing on key management practices and project management.[71] Officers from the Delhi Jal Board will also undergo training on Project and Risk Management.[72] A MoU has also been signed between the Institute and the Delhi Govt to train the principals of all 1024 schools run by it, with the training to be conducted by the RTE Resource Centre.[73]

Social

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RTE-RC

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The Right to Education Resource Centre (RTE-RC), started by a group of students under the guidance of Ankur Sarin, helps parents fill out forms and get children admitted under the RTE Act, while also raising awareness about the issue of underutilization of the Act. The centre received 1800 application in its first year of operation, raising the number of children admitted under RTE from 30 in 2013 to nearly 600 in 2014.[74]

Prayaas

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Launched in 2004, Prayaas impacts the lives underprivileged students by directly providing them a higher quality of education through specially appointed teachers, with classes running out of the New Campus, as also through funding drives that enable students to move to better schools, in a hope for better education and better lives. The IIMA community actively helps the children with their homework and preparation for examinations. Additionally, the children use the campus' facilities and participate in activities like painting, dance, crafts, etc.[75]

SMILE

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IIMA, in association with the Wagh Bakri Group, set up an initiative called SMILE (Student Mediated Initiative for Learning to Excel) to educate underprivileged kids wherein students will conduct classes in their free time. This has been piloted in a space provided by the Ahmedabad Municipal Corporation (AMC) under a flyover near the IIMA campus.[76]

People

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Notable alumni

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Main article: List of IIM Ahmedabad alumni

Among BSE 500 CEOs with MBA, the highest proportion come from IIM Ahmedabad.[77] IIM-A alumni have garnered 9 Padma Awards – 4 Padma Bhushan awards (K. V. Kamath, CK Prahalad, Mallika Sarabhai and M. S. Banga) and 5 Padma Shri awards (Kiran Karnik, Kailasam Raghavendra Rao, S. P. Kothari, Sanjeev Bikhchandani, and Srikant Datar). Other notable alumni are Acharya Prashant,[78] Raghuram Rajan, Arvind Subramanian, Harsha Bhogle, Ajay Banga, Rashmi Bansal, Chetan Bhagat,[79] Ivan Menezes, Deep Kalra, Shikha Sharma, and Gopi Rathod.[80]

Notable faculty

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Past and present faculty at IIM Ahmedabad include three former Governors of the Reserve Bank of India – C. Rangarajan (1968–1982),[59] former Director I. G. Patel (1996–2001),[60][61] and Y. Venugopal Reddy (current Professor of Practice). Other notable faculty over the years have been:

Other notable faculty include prominent scholars such as Marti G. Subrahmanyam, Ashish Nanda, and T. V. Rao, among others.

Others

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N. R. Narayana Murthy, an Indian tech industrialist and the co-founder of Infosys, got his first job as chief systems programmer at IIM Ahmedabad.[95]

Endowment

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The IIM Ahmedabad Endowment Fund is India's first endowment fund set up at a management school. The fund was established at IIM Ahmedabad in June 2020 from an initial corpus of ₹100 Crore provided by 10 founding alumni.[96] The endowment aims to grow the fund to ₹1,000 Crore over the next five years.[97]

The fund was launched by the Chairperson of IIM Ahmedabad Board of Governors, Kumar Mangalam Birla.[98]

The initial corpus was contributed by 10 founding alumni from across batches. This includes Deep Kalra, Founder and Group CEO, MakeMyTrip, Sandeep Singhal and SK Jain, co-founders, WestBridge Capital, Sanjeev Bikhchandani, Founder & Executive Vice Chairman, Info Edge, Kavita Iyer, Trustee, SIFF, VT Bharadwaj, co-founder, A91 Partners, Ramesh Mangaleswaran, Senior Partner, McKinsey & Company, Meenakshi Ramesh, co-founder, Citizen Matters, Kuldeep Jain, founder, Cleanmax Enviro Energy Solutions, GV Ravishankar, MD, Sequoia Capital India, Arun Duggal, chairman, ICRA.

According to Ravishankar, MD, Sequoia Capital India, the plan for the fund is to invest in government securities.[97]

The endowment fund will be managed by an independent Endowment Committee consisting of initial alumni contributors, and the Director, and Dean, Alumni and External Relations (AER) of IIM Ahmedabad. The purpose of the endowment is to "make a larger impact in the field of education, entrepreneurial leadership, management practice and public policy".

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2 States (2014 film) a Bollywood film based on the eponymous novel by Chetan Bhagat, starring Alia Bhatt and Arjun Kapoor, was shot at the IIM-A campus. Prior to this, the 1974 Bollywood movie, Parinay had some scenes shot at the Heritage campus. The movie starred Shabana Azmi and Romesh Sharma in lead roles.[99]

References

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