The Indian Institute of Management Indore (often abbreviated as IIM-I) is an autonomous public business school located in Indore, Madhya Pradesh in India. Instituted in 1996, IIM Indore is the sixth addition to the Indian Institute of Management (IIM) family of management schools.
Key Description of Indian Institute of Management Indore
Motto: "Siddhi Moolam Prabandhanam"
Motto in English: The Root of all Achievement is Management
Type: Public Business School
Established: 1996; 24 years ago
Director: Prof. Himanshu Rai
Academic Staff: 139
Doctoral Students: 98
Location: Indore, Madhya Pradesh, India
Campus: Suburban, 193 acres (0.8 km2)
Affiliations: AMBA; AACSB; EQUIS
History of Indian Institute of Management Indore
IIM Indore, which came into existence in 1996, was established as the sixth Indian Institute of Management after IIM Calcutta (1961), IIM Ahmedabad (1961), IIM Bangalore (1973), IIM Lucknow (1984) and IIM Kozhikode (1996)
IIM Indore has been awarded the EFMD Quality Improvement System (EQUIS) accreditation by EFMD, the globally recognized international organization for management development. The EQUIS Accreditation Board voted to confer EQUIS Accreditation on IIM Indore on December 10, 2019. IIM Indore is now the second IIM in the nation to receive triple accreditation, bringing glory to the Institute with a ‘Triple Crown’, i.e. receiving all the three prominent accreditations — Association of MBAs (AMBA, UK); The Association to Advanced Collegiate Schools of Business (AACSB, USA); and EQUIS, European Union. This combination of accreditations is held by less than one percent of business schools in the world, granted by the largest and most influential business school accreditation agencies. As of March 2019, the ‘Triple Crown’ was received by only 90 business schools globally, out of the 13,000+ schools offering business degree programmes.
In 2011, IIM Indore launched the Five Year Integrated Programme in Management (IPM). It is first of its kind programme in India aimed at attracting students who have passed higher secondary school.
IIM Indore started offering its two-year full-time (residential) Post Graduate Programme in Management (PGP) at Ras al-Khaimah (UAE) in 2011. It is the first IIM to have started operations outside India. In 2013, IIM Indore shifted its Ras al-Khaimah operations to Dubai. However, in 2014, it shut down its operations in its UAE campus.
The institute also offered its two-year full-time (non-residential) Post Graduate Programme in Management (PGP) in Mumbai, from 2012 till 2019 Till date, no IIM has had a presence in the financial capital of India (Mumbai). Currently, the Institute also offers Post Graduate Programme in Management for Working Executives (PGPMX) in Mumbai.
Academics of IIM Indore
IIM Indore offers the following academic programmes:
- Post Graduate Programme in Management (PGP), a two-year full-time residential programme equivalent to an MBA.
- Executive Post-Graduate Programme in Management (EPGP), a one-year full-time residential programme equivalent to an MBA.
- Integrated Programme in Management (IPM), a five-year integrated course in management, which consists of a BA (Foundation in Management Studies) and MBA.
- Post Graduate Programme in Management for Executives (PGPMX), a two-year alternate-weekend programme.
- Post Graduate Programme in Human Resource Management (PGPHRM)
- Fellow Programme in Management (FPM).
- Executive Fellow Programme in Management (EFPM).
- Faculty Development Programme (FPM).
Options to specialise in various fields such as Finance, Operations, Marketing, Systems etc. are available.
The institute also offers various certificate programmes and Management Development Programmes (MDPs).
IIM Indore has been recently accredited from the Association of MBAs (AMBA, a UK-based accreditation agency), for four full-time programmes - Two Year Post Graduate Programme in Management (both at Indore and Mumbai), One Year Full Time Executive Post Graduate Programme in Management (EPGP) and Five Year Integrated Programme in Management (IPM, 4th and 5th Year).
Admission in IIM-I
Admissions to the Post Graduate Programmes in Management (PGP) and Post Graduate Programme in Human Resource Management (PGPHRM) at Indore is through the Common Admission Test (CAT) conducted by the IIMs. Non Resident Indian (NRI) candidates are also eligible to apply and should have scored a minimum GMAT score of 650 to be shortlisted for further evaluations. Admissions to the Executive Post Graduate Programme in Management (EPGP), a programme for executives with a minimum of 5 years work experience, is through the globally accepted GMAT. The candidates are shortlisted on the basis of their GMAT score, which on average has been 700 for the past batches, quality of work experience, extra-curricular record and future managerial potential.
Admission to the 5 year Integrated Programme in Management (IPM) is through the IPM Admission Test (IPMAT) conducted nationally as a preliminary examination followed by personal interview and WAT. A combination of both scores is used to select candidates. Over 20,000 students give the IPM AT annually from which only 120 are selected.
Foreign Student Exchange Program
There are over 90 student exchange seats, which means that 20% of the PGP batch can spend an academic term in a foreign university. It is the 3rd highest number of seats across all IIMs. There are over 40 schools with whom IIM Indore has an exchange programme MOU in 16 countries. On an average 50 students from foreign universities spend a term at IIM Indore. In 2019, IPM (five-year integrated program) started its first exchange on undergraduate level. In the first leg, more than 30 students (25% of batch) spent their term abroad in different universities of France, Germany, Finland, Latvia and Taiwan.
The institute had its first student exchange of six students with Ecole de Management de Lyon (EM Lyon), a business school based in Lyon, France, in 2005.
The One Year Full Time MBA (EPGP) collaborates with SDA Bocconi School of Management, Milan, Italy as part of exchange programme where the entire batch spends 1 full term for a five-week module to get a global perspective on management. The exchange programme introduces students to diverse subjects like Digital Transformation, Doing Business with Europe, Fashion and Luxury Management and Family Business Management. The international immersion for EPGP Programme is known as Advanced Leadership Programme. The EPGP programme also has compulsory modules on Advanced Data Analytics which is taught in collaboration with Jigsaw Academy and Strategy Simulations (core course) offered by Harvard Business School.
NIRF Ranking of IIM Indore
IIMI was ranked seventh among management schools in India by the National Institutional Ranking Framework (NIRF) in 2020 and sixth by The Week. The institute has also bagged a rank in the top 100 FT Rankings 2019 and has been placed in the 101+ bands in the World QS Rankings 2019 for Indian Business Schools.
Faculty of IIM Indore
IIM Indore has 106 full-time faculty and 65+ visiting faculty.
Location and Campus of Indian Institute of Management Indore
The institute operated out of a temporary campus in Rajendra Nagar in Indore till 2003, before moving to its current campus. On 3 October 1998, the foundation stone of the Indore campus was laid by Mukesh Ambani. The current campus is located at Prabandh Shikhar, on Rau-Pithampur Road, close to the Pithampur Special Economic Zone, off Agra-Bombay Highway. Situated atop a scenic hillock, the 193 acre campus of IIM Indore provides an ideal backdrop for contemplative learning. IIM Indore has the latest in teaching aids, rich learning resources, a strong IT backbone, state-of-the-art sports complex and hostels as well as contemporary infrastructure.
The present campus started with 4 hostels each housing 60 students. As the intake has gradually increased, today, there are 18 hostels. Rooms in all the hostels have direct computer connectivity to the main LAN that provides an 1Gbit/s internet connectivity via National Knowledge Network. For the One Year Full Time MBA (EPGP) students, a separate hostel has been set up that can house almost 200 students. In addition to these, IIM Indore also has a Management Development Centre (MDC) which houses the MDP participants. A hostel dedicated to participants of Fellow Programme in Management (FPM) has been constructed recently. Refurbishment and renovation work also encompasses the main gate and several other buildings in the IIM campus such as staff quarters for the visiting faculty.
The IIMI Learning Centre (IIMI LC), with its wide range of collection of knowledge resources and innovative information services, fills an essential requisite in the intellectual pursuits for our students, faculty and the surrounding community. IIMI LC, a hybrid Centre with the state-of-the-art technological applications holds knowledge resources predominantly related to management and allied subjects. The entire LC collection of books, print journals/magazines along with its wide range of e-collection including e-journals, e-books, online databases, CD-ROM collection etc., are accessible through the Institute’s network and wi-fi.
The LC building has a sprawling space of about 27000 sq. ft., with central air-conditioning and designated areas for different sections of the IIMI LC, providing the right ambiance for reading and reflection.
For the first time, in order to imbibe more respect towards Indian culture, the library of the institute would be having separate literature sections of Hindi, Sanskrit, local languages of India. This is one of the transforming ideas of the Director Prof. Himanshu Rai.
The new sports complex which has a gymnasium, a swimming pool, a squash court and an auditorium was inaugurated on October 2011 by Shri L.N. Jhunjhunwala, Chairman, Board of Governors, IIM Indore and has become operational since then. Apart from this, the hostels have badminton, volleyball and Basketball courts.
Student Activities in IIM Indore
The activities of the students are coordinated by the Students Activities Council (SAC), an elected body of student representatives. The SAC follows a Constitution document in its activities and initiatives. The SAC comprises 9 committees, 9 Activity clubs, 8 Interest clubs, an Editorial team of a quarterly publication and coordinators of various national level events.
The student committees are as follows:
- Academic Affairs Committee
- Alumni Committee
- Cultural Committee
- Industry Interaction Cell
- Infrastructure Committee
- Media & Public Relations Committee
- Placement Committee
- Sports Committee
- Student Exchange Programme Committee
The secretary of each committee along with the SAC Coordinator (SAC-C) and the SAC Financial Advisor (SAC-FA) form the 10-member SAC Executive Council which advises the institute administration.
There are various Activity Clubs at IIM Indore, the notable among them being:
- Anustha (IPM Activities Club)
- Consulting Club
- Currenc-I (Economics and International Business Club)
- Entrepreneurship Cell
- Equit-I (Finance Club)
- Humain-I (HR Club)
- Infinit-I (Technology and Systems Club)
- Literar-I (IPM Literary Club)
- Retorica (IPM Debating Society)
- Mirage (Creatives and Marketing Club)
- Kaizen (Operations Club)
- Merchand-I (Merchandising Club)
- Mercur-I (Marketing Club)
- Voyage Capital (Investment Club)
IIM Indore also hosts several clubs catering to varied interest groups:
- FIC-I (IPM Finance and Investment Club)
- AaRoHan (IPM Social and Corporate Sensitivity Cell)
- Syntax (IPM Information Technology and Gaming Interest Group)
- Aperture (Photography Club)
- Arena (Gaming Club)
- Debsoc (Debating Society)
- Drishti (IPM Photography Club)
- Harmon-I (Music Society)
- idAnIm (Film and Theatre Fraternity)
- Inquizit-I (IPM Quiz Club)
- Pragat-I (Social Sensitivity Cell)
- Quiz Club
- Vibes (Dance Club)
- Brain Pickings (EPGP Peer to Peer Learning Activity)
The students of IIM Indore publish a quarterly business magazine, Management Canvas. Further, the Industry Interface Office at IIM Indore publishes a bi-annual magazine named IIM Insights.
Prominent Alumni of IIM Indore
- Rahul Razdan- CEO, JioChat
- Joseph Radhik- India's leading photographer
- Hussain Haidry- Lyricist, Poet