The Indian Institute of Management Ranchi (IIM Ranchi) is a public business school located in Ranchi, Jharkhand, India. IIM Ranchi was established at Ranchi on 15 December 2009 and began classes on 6 July 2010, under the 11th Five Year Plan.
Inaugurated on 6 July 2010, IIM Ranchi offers two-year Masters in Business Administration (MBA) and Masters in Business Administration - Human Resource Management (MBA-HRM), four-year Fellowship Programme and Executive Programmes.
Key Description of Indian Institute of Management Ranchi
Motto: Bahumukhvikaso gantavya
Motto in English: Working to bring change towards success, not only for one’s self, but also for the community.
Type: Public Business School
Chairman: Pravin Shankar Pandya
Director: Shailendra Singh
Location: Ranchi, Jharkhand, India
History of IIM Ranchi
The 11th Five-Year Plan, endorsed by the National Development Council in December 2007, envisaged the establishment of six new IIMs.
Indian Institute of Management Ranchi, like all IIMs, is an autonomous institution under the Ministry of Human Resources Development, Government of India. The institute is free to design its own curriculum and recruit faculty members. In April 2011, Union Minister Kapil Sibal announced that the government is mulling enhancement of the autonomy of IIMs by allowing them to select the director and the chairman of the Board of Directors.
IIM Ranchi is amongst the six new IIMs that were approved by the Union Cabinet on 27 August 2009. M. J. Xavier was the founding director of the institute.
Campus of Indian Institute of Management Ranchi
The college operates from a temporary campus in Suchana Bhavan, behind the Governor House premises in the heart of Ranchi. The student hostels of IIM Ranchi are located at Khelgaon.
The construction of a permanent campus has begun at Birhar village on the Khunti-Karra road, about 35 kilometres (22 mi) from Ranchi.In July 2013,Jharkhand government allotted 90.14 acres (36.48 ha) of land free of cost to Indian Institute of Management Ranchi (IIM-R) at Cheri in Kanke block, 20 km from Ranchi. On 29 July 2013, the Union Minister of Human Resource Development Shri Pallam Raju laid the foundation stone of IIM-Ranchi at Cheri.
Academics of IIM Ranchi
IIM Ranchi offers a master's degree in management as per the approval of the Indian Institute of Management Bill, 2017. The two-year full-time residential programs: MBA and MBA-HRM are the two programmes under which students are awarded degrees. IIM Ranchi also offers doctoral-level fellowship programmes and a part-time executive program (PGEXP).
Rankings of IIM Ranchi
IIM Ranchi was ranked 28 by the National Institutional Ranking Framework (NIRF) management ranking in 2019. Based on the recent NIRF 2020 Ranking released on 11th June 2020, IIM Ranchi improved it’s rank to 20th place in the management category.
Admissions in IIM Ranchi
Admission to courses at IIM Ranchi is done based upon merit in Common Admission Test, conducted by the IIMs.
Student Activities of Indian Institute of Management Ranchi
Indian Institute of Management Ranchi is a completely student-driven business school. All the student bodies, such as Committees, Clubs, SIGs and Independent Bodies at IIM Ranchi, are managed by the students themselves and are governed by the Council for Student Affairs led by Senate members.
The Senate consists of four elected Senators from the Student Association of IIM Ranchi. They are responsible for spearheading student activities and acting as a liaison between the college administration and the students. The Council for Student Affairs also consists of seven Committee representatives, who along with Senate form the Student Council of IIM Ranchi.
There are a total of seven committees that form the backbone of IIM Ranchi's functioning namely:
- Academic Committee
- Alumni and International Relations Committee
- Cultural Committee
- Media & PR Cell
- Sports Committee
- Student Facilities Committee
- Technology Committee
There are a total of 8 Clubs which drive IIM Ranchi:
- The Marketing Club 'Marquess'
- The Finance Club 'Finopsis'
- The Operations and General Management Club 'Sankriya'
- The Social Responsibility Club 'Samarpan'
- The Consulting Club 'Conundrum'
- The Entrepreneurship Club 'E-Cell'
- The HR Club 'HiRe' and
- The 'Literary Club'
IIM Ranchi has 9 Special Interest Groups (SIGs), which are associations of like-minded students working towards attaining proficiency in a special interest.
- High Note: Official Music band
- Froggy Feet: Official Dance group
- Dramebaaz: Dramatics Society
- SOUL: Society for Objective and Unified Learning
- Greyscale: Official creative group of IIMR
- PRISM: IIMR’s Placement Resources and Information Sharing Medium
- Polynomics: The Economics and Public Policy Group
- Digitalytics: The Analytics SIG
- QR Code: The Quizzing fraternity of IIMR
IIM R also has independent bodies that function autonomously in tandem with Student Council to fulfil the Institute's goals in various domains.
- UNGC-PRME IIM Ranchi
- IIM Ranchi Toastmasters
- Visual Branding and Content Body (VBCB)
- Institute's Innovation Council - IIM Ranchi
- Counseling Cell
- Gender Sensitization Committee
Placement Committee has a responsibility to foster corporate relations and conduct of the summer and final placement process.
Conclaves and Conferences
AGON - The Annual Management Fest
With events in the various business fields of finance, marketing, consulting, human resources and communications, organized in the form of case studies, quizzes, essays, debates and more, AGON draws huge participation from local and national colleges.
AAROHAN Leadership Speak Series
IIM Ranchi hosted its first leadership speak series named "Aarohan" on 8 January 2016 at Cockerel Stadium, Dipatoli cantonment, Ranchi. The idea of this is to invite role models across various fields to come and address the IIM Ranchi community, particularly the students. It is a leadership talk series aimed at student interaction with leaders and innovators of their respective fields to promote intellectual growth, stimulation and facilitate the development of a more inclusive world-view. Lt Gen Arun Kumar Sahni, Uttam Yudh Seva Medal, ADC, General Officer Commanding-in-Chief, South Western Command of Indian Army and Dr. Y.V.N. Krishna Murthy, Director, National Remote Sensing Centre, ISRO have been a part of the series
Colloquium is an annual series of guest lectures, where students of IIM Ranchi get an opportunity to interact with the industry leaders in finance, marketing, operations and HR that happen throughout the year. The speakers also deliver insights along with discussions on various contemporary issues faced by India.Some of the renowned speakers are: Mr. Amar Abrol, MD and CEO, AirAsia India. Mr. Amit Vaish, Director and Head HR, Barclays India. Mr. Satish Shah, Head of Human Capital, De Shaw India. Mr. Anirudh Patil, Director of Strategy & Operations, McKinsey & Co. Mr. Shashank Saxena, Vice President of Technology, Morgan Stanley.
IIM Ranchi being the only IIM to offer specialized course in Human Resource Management, have organised two HR conclaves themed as "Turning the tide on unrest in workforce " in 2012 and "Holistic Development of Human Capital" in 2011, leaders across industry discussed the challenges faced by organizations and the role of HR managers in solving those challenges. Dignitaries like K.A. Narayan, President-HR, Raymond, Mr. Sandeep Choudhary, Partner, Aon Hewitt, Mr. Partha Dasgupta, CEO, Apogee Leads, Mr. R. Sridhar, Vice President-HR, ITC Limited any many others discussed about HR practices.
RADIX- The Annual Business Conclave
Based on the themes "Connect," "Enthuse," and "Foster," Radix connects students with industry leaders. The aim is to facilitate a quality interaction among the experts and the students along with exchange of ideas regarding various industrial growth factors and the development of a shared vision for the future. Leaders from organizations such as KPMG, Ernst & Young, Lenovo, Godrej etc. have been a part of Radix 2017.
RUSH- The Annual Sports and Cultural Fest
This two-day festival, the flagship of IIM Ranchi, includes events like Cricket, Lawn Tennis, Football, Athletics, Volleyball, Badminton (Men/Women), Table Tennis (Men/Women), Throwball, Theme Photography, Solo Dance, Duet Dance, War of Bands, T-shirt painting, Comedy Shayari etc.