The Indian Institute of Management, Nagpur also known as IIM Nagpur or IIMN is a public business school located in Nagpur, Maharashtra, India.
It is one of the twenty Indian Institutes of Management. The Institute became operational in July 2015. The Institute is currently being mentored by Indian Institute of Management Ahmedabad. It was inaugurated by Shri Devendra Fadnavis, former Chief Minister of Maharashtra State. The Institute currently offers the two-year Post Graduate Programme (PGP). It was the first among the six new-generation Indian Institutes of Management established by the Government of India in 2015 to begin its operations.
Key Description of Indian Institute of Management Nagpur
Motto: सत्यं च स्वाध्याय प्रवचने च
Motto in English: An inspired journey towards truth through individual reflection and collective discourse
Type: Public business school
Chairperson: CP Gurnani
Director: Prof. LS Murty
Location: Nagpur, Maharashtra, India
Social Network: Facebook, Twitter, Instagram, LinkedIn
Background: IIM Nagpur
A commitment was made by the Government of India in the Budget speech of the Finance Minister in July 2014 to establish five new IIMs in Bihar, Himachal Pradesh, Maharashtra, Odisha and Punjab. In accordance with the same, the Indian Institute of Management Nagpur was established in Nagpur, Maharashtra on July 23, 2015, with the Indian Institute of Management Ahmedabad as its mentor institute.
The Indian Institute of Management Nagpur (IIMN) was declared as an Institution of National Importance by the Indian Institutes of Management Act, 2017, enabling it to confer a Master’s degree in Business Administration (MBA) to students of its flagship two-year Post Graduate Programme (PGP) in Management.
Programmes Offered by IIM Nagpur
The admission process for the flagship two-year Post Graduate Programme at IIMN takes into account factors such as the candidates’ performance in the Common Admission Test (CAT), past academic performance, work experience and gender and academic diversity. The policy incorporates reservation of seats for candidates as per government norms.
Post Graduate Programme
The flagship academic programme at Indian Institute of Management Nagpur is the fully residential two-year Post Graduate Programme in Management. The programme is designed to create value-driven leaders who are equipped with a strong conceptual foundation and an analytical approach, while retaining touch with the socioeconomic milieu in which they will pursue their calling.
The curriculum for PGP is an eclectic mix of courses that includes various disciplines and functions of management. The first year curriculum involves compulsory courses which provide students with the fundamentals and enables them to understand the inter-dependencies of systems in an organization. During the second year, students choose from a wide range of elective courses from areas such as Marketing, Strategy, Finance, Information Systems, Economics, Operations Management, Quantitative Methods, Entrepreneurship, Organizational Behavior, Communication, and Human Resource Management. This enables them to develop their competencies in areas of their interest, thus preparing them to pursue careers in areas of their choosing.
The pedagogy comprises classroom sessions, case studies, individual and group projects, simulations, business games etc., to ensure thorough assimilation and retention of concepts. The student experience is further enriched by guest lectures from eminent personalities from industry and academia that expand the horizons of their learning.
In addition to the three terms a year, the PGP programme also includes a Field Immersion Module during the first year, a summer internship on completion of the first year and an optional International Immersion in the second year, which together lay the foundation for conceptual and critical reasoning.
Field Immersion Module
The Field Immersion Module at the Indian Institute of Management Nagpur has been envisioned as an opportunity for PGP students to interact with the industry. Not only does the module expose students to the actual day-to-day functioning of an organization, but it also allows them to apply managerial know-how that they learn in their classes to real-life issues.
Students get the opportunity to tackle management questions head-on in partner organizations. This has allowed students to test their knowledge in a high-stakes environment, leading to a proportionate elevation of accountability, and thereby, experiential learning.
Over the years, IIMN has partnered with a number of undertakings across sectors for the Field Immersion Module. The module has grown from 31 partners in the Nagpur district in 2015-16, to 61 in 2019-20. It has also moved beyond Nagpur to include adjoining districts of Wardha, Chandrapur and Gadchiroli, as well as Aurangabad, the manufacturing hub of Maharashtra; and Nashik, the center of the food and agriculture sector in the state.
Second year PGP students are given the opportunity to obtain a perspective of the global business environment through the International Immersion. Students of IIMN have visited Japan, France, UAE, South Korea and Singapore as part of this optional module.
Executive Education Programs: IIM Nagpur
IIM Nagpur offers a wide range of executive education programmes. Some of these programmes are open-enrolment (open to participants from various organizations), while others are customized to meet the needs of individual organizations.
The campus recruitment process at IIM Nagpur is headed by the Career Development Services (CDS) office. Over the years, CDS, along with the student-driven placement committee has consistently worked towards making the recruitment process a hassle-free affair for both the recruiters and the students. The scheduling of the selection process, termed as the slot, is indicated to the recruiting organization. The Institute also has a dream slot policy. IIM Nagpur prides itself on being technologically savvy, and has conducted many of the interview processes digitally as well.
The Institute has successfully placed four batches of PGP students with companies from many sectors. Some prominent recruiters are Deloitte Consulting, Amazon, ThyssenKrupp, Mu Sigma, Tata Power, DHL, Genpact, ANZ Bank, Hexaware Technologies, Tech Mahindra, Wipro Digital, TVS Motors, V Guard, Kotak Mahindra, HCL Technologies, L & T, and Sutherland Global.
Infrastructure of Indian Institute of Management Nagpur
The Institute currently operates from a transit campus at the Visvesvaraya National Institute of Technology (VNIT) Nagpur. The self-sufficient campus in the verdant premises of VNIT houses the academic complex, faculty and administrative blocks, library and e-resource centre, and student hostels. It also consists of a recreational centre, basketball court, green volleyball court, gymnasium and a cafeteria.
Development of the Permanent Campus
In 2018, the Ministry of Human Resource Development approved the construction of a permanent campus for IIM Nagpur, designed to accommodate 600 students. The Institute was granted Rs 379.68 crores for the construction of the first phase of the permanent campus, which covers approximately 60,000 sq.m of the allotted 132-acre plot in the non-SEZ area of the Multimodal International Cargo Hub and Airport at Nagpur (MIHAN).
The Ground-breaking ceremony of the IIMN permanent campus was held on March 06, 2019. Shri Nitin Gadkari, Minister for Road, Highways and Shipping, Govt. of India and Shri Devendra Fadnavis, former Chief Minister of Maharashtra, graced the occasion along with Guardian Minister of Nagpur, Shri Chandrashekhar Bawankule. The ceremony flagged off the first phase of the development of IIMN’s permanent campus.
The construction for Phase 1 began in May 2019. Phase 1 covers approximately 60,000 sq. m of the site, and includes the construction of 23 buildings – including a state-of-the-art academic complex, library, administrative block, student hostels, sports complex and faculty and staff housing. The campus will also house a Management Development Centre for the Institute’s Executive Education Programme (EEP) and IIM Nagpur’s entrepreneurship incubation centre, InFED, in addition to allied infrastructure. The project is expected to be completed in all respects by November 2020.
IIMN Foundation for Entrepreneurship Development (InFED)
Entrepreneurship is an area of strategic focus for IIMN. Hence a Centre for Entrepreneurship (CfE) is set up to foster research and education in entrepreneurship, and provide services, and incubation for entrepreneurs. In IIMN’s two-year flagship Post Graduate Programme in management, CfE offers a unique specialization area called Entrepreneurship with Incubation wherein the students get a rare opportunity to learn as well as explore hands-on entrepreneurship. Further, CfE also set up InFED (IIMN Foundation for Entrepreneurship Development) as a Section 8 Company to offer services and incubation facilities to entrepreneurs.
InFED (IIMN Foundation for Entrepreneurship Development) works as an incubator, and a centre for entrepreneurial research and education. InFED’s broad objectives are:
- Mentoring aspiring entrepreneurs, supporting enterprise incorporation and subsequent operations through INCUBATION
- Providing SERVICES that facilitate day-to-day functioning of incubates
- Strengthening the start-up ecosystem by creating and disseminating entrepreneurial knowledge through RESEARCH and various
With its national reach, InFED is uniquely positioned to impart better inputs to the entrepreneurial community and their practices. InFED creates an enabling ecosystem for entrepreneurs and associated stakeholders in India - connecting entrepreneurs, academia, researchers, knowledge partners, domain experts, industrialists, investors and the government.
Current Offerings Indian Institute of Management Nagpur
1. Women Startup Programme
As a part of its efforts to become a leading centre for entrepreneurial studies and start-up incubation in India, InFED has incubated nine women entrepreneurs under the Women Startup Programme (WSP), being conducted in collaboration with NSRCEL, IIM Bangalore. This programme is supported by Goldman Sachs and Department of Science & Technology, Government of India. The women entrepreneurs, currently being incubated by IIM Nagpur, are working in different sectors such as adventure sports, astronomy education, textile design, customized pet foods, food search & discovery service, finance, health & sanitation, and civic society. These incubates are being provided with a monthly stipend, one-time prototyping grant, mentoring and review and multiple opportunities to network, in addition to space for setting up their offices.
2. InFED currently offers customized programmes spanning three broad domains of stakeholders:
(a) In-house students who opt for entrepreneurship;
(b) SMEs, family businesses;
(c) Budding entrepreneurs needing incubation and/or techno-business support.
InFED also conducts programmes and activities in order to create an entrepreneurial mind-set among relevant stakeholders to enable entrepreneurial success.
Collaboration with other institutions of Indian Institute of Management Nagpur
Chuo University, Graduate School of Strategic Management
IIM Nagpur signed a landmark agreement with Chuo University, Graduate School of Strategic Management (Chuo University, GSoSM) in February 2020. The agreement is the first of its kind with any major Asian university of higher education. The agreement paves the way for collaborative research on contemporary issues, faculty and student exchanges, and also cultural exchanges between the two schools. Focus areas will include managerial and administrative issues in the cross-cultural context, entrepreneurship, and management of technology, among others. In order to further such collaborations, and spearhead IIM Nagpur’s internationalization efforts in Japan, IIM Nagpur has recently set up a dedicated center of excellence, the Indo-Japan Research Center (IJRC) under the chairmanship of Prof. Rahul Kumar Sett.
Faculty of IIM Nagpur
IIMN has faculty members in the Areas of Strategy & Entrepreneurship, Finance & Accounting, Economics & Social Sciences, Decision Science & Information Systems, Marketing, Organizational Behaviour & Human Resources Management, and Production & Operations Management. The faculty members are devoted to contributing to the body of knowledge in various facets of management through their research. IIMN places immense emphasis on top-quality research which is evident in the stringent standards set for journals and other academic fora wherein the papers by IIMN faculty members are published.
Certifications and Affiliation of IIM Nagpur
IIM Nagpur is a member of The Association to Advance Collegiate Schools of Business (AACSB). Both IIM Nagpur and AACSB are committed to a common goal, that is, the creation of the next generation of great leaders. Through this alliance, therefore, IIM Nagpur aspires to connect with the global network and contribute to the improvement of the quality of business education around the world.
IIM Nagpur has secured the 40th rank in the Management Category of educational institutes in the NIRF rankings 2020, becoming the only new generation IIM to accomplish the same.
Student Activities of Indian Institute of Management Nagpur
Committed to the holistic growth of its students, IIMN encourages the constitution and functioning of many academic and non-academic clubs, committees and special interest groups (SIGs) run for and by the students. These groups organize and participate in a plethora of intra- and inter-institute events throughout the year that enrich their IIMN experience.
Clubs and Committees
- Finesse: The Finance Club
- MARX: The Marketing Club
- Opex: The Operation Club
- Predixion: The Analytics Club
- Media Connect
- Ummeed: The Community Outreach Club
- Abhyudaya: The Cultural Club
- Sports Club
- Academic Council
- Alumni Committee
- Events Committee
- Placement Committee
- Mess Committee
- Infrastructure Committee
Special Interest Groups
- Cineastes: Cinema
- Eques: Strategy and Consulting
- tHRive - HR SIG
Events of IIM Nagpur
The various student bodies at Indian Institute of Management Nagpur organize a plethora of events throughout the year. These include Illume – the industry-Institute interaction event, Utkarsh – the HR Conclave, Entro-Mile – the Entrepreneurship Conclave; and inter-institute management fests such as Tangerine Trails and Invicta. The first edition of the annual cultural festival, Zero Mile Fest, featured a concert by Hindi rock band, The Local Train. The Institute has also hosted a performance by renowned sitar player Ustad Shahid Parvez Khan in association with SPIC MACAY.
The student community of Indian Institute of Management Nagpur also conducts many indoor and outdoor sporting events throughout the year, carving a niche in inter-institute tournaments as well. The Institute also has a long-standing engagement with the Slum Soccer initiative, through which aims to better the lives of underprivileged youngsters through football. The community outreach club of the Institute, Ummeed, also collaborates with NGOs to carry out activities that contribute to the welfare of the marginalized in Nagpur.
In addition to these, the Institute welcomes guest speakers from diverse fields to interact with the students throughout the year. In the past, IIMN has welcomed distinguished personalities such as Mr CP Gurnani (MD & CEO, Tech Mahindra and Chairman, Board of Governors, IIM Nagpur), Mr Vinod Rai, IAS, author and youth expert Ms Rashmi Bansal, French Ambassador to India Mr Alexandre Ziegler, and Lt. Gen. Rajendra Nimbhorkar, to name a few.