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Indian Institute of Technology, Mumbai
Indian Institute of Management Mumbai (IIM Mumbai), formerly known as the National Institute for Training in Industrial Engineering (NITIE Mumbai), is a graduate business school under the Ministry of Education, Government of India, located in Powai near Vihar Lake in Mumbai, Maharashtra. It was established in 1963 with assistance from the United Nations Development Programme through the International Labour Organization, and was registered as a society under the Societies Registration Act, 1860. Following years of advocacy, the Union Cabinet approved converting NITIE into the 21st IIM in July 2023, and the institute was officially renamed IIM Mumbai after the Indian Institutes of Management (Amendment) Bill, 2023 became law in August 2023. The Powai campus includes teaching blocks, a library relocated in 2016, an auditorium, sports facilities, a Financial Research and Trading Lab with a Bloomberg Terminal, computer and simulation labs, and other amenities. Academically, it offers full-time MBAs, executive MBAs, postgraduate diplomas, and doctoral fellowship programs, along with management development programs. IIM Mumbai is ranked sixth among Indian management schools by NIRF in 2024 and 2025, and hosts a student-run culture with around 30 committees organizing various events.
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