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 and was named as an institute of national importance in 2017 along with the other IIMs.
It has earned the Triple Accreditation by bagging three global recognitions- Association of MBAs (AMBA, UK); The Association to Advanced Collegiate Schools of Business (AACSB, USA); and EQUIS, European Union.
History
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). It initially functioned out of the Government Poly-technique College in Rajendra Nagar, Indore. Its first MBA (PGP) batch consisting of 37 participants commenced in June 1998.
Dr. Vijendra Nath Asopa took charge as the first director of the institute. Dr. Rajan Saxena took over as director in 1999. IIM Indore received its first award — Business Standard sponsored Best Business School Award in the "World Strategy Forum" held at Nehru Centre, Mumbai during 14–17 October 1999.
IIM Indore shifted to its current 193-acre campus in 2003. Mr. Sudharssanam took over as acting director in July 2003. He was replaced by Dr. S. P. Parashar in April 2004.
In 2006, IIM Indore launched a slew of new programmes including the Fellow Programme in Management (doctoral-PhD), 24-week Certificate Course for Defense Officers, One-year Broad-Band-Based (BBB) Certificate in General Management Program (BBB-GM), One-year Broad-band-based Certificate in Sales and Marketing Management Program (BBB-S&MM) and others. The MBA intake was also increased to 180 participants.
In 2008, this was increased to 240 and Dr. N. Ravichandran was appointed as director in the same year. In September 2009, IIM Indore started the One Year Full Time Executive Post Graduate Programme (EPGP), a couple of months after the same was started at IIM Bangalore. EPGP, in its initial years, had academic collaboration with Joseph M. Katz Graduate School of Business, University of Pittsburgh, USA and was one of the only few programmes to have an academic content and evaluation based international immersion. In 2010, the MBA intake was increased to 450 participants, and the MBA programme itself now included two new components - the Himalayan Outbound Programme and the Rural Immersion Programme.
In 2011, IIM Indore launched the Five Year Integrated Programme in Management (IPM), PGPMX, Mumbai, PGP and PGPMX, UAE, FPM (Industry). State-of-the-art Sports Complex having an Auditorium, Swimming Pool, Amphitheatre, Gymnasium, Cafeteria, Two Tennis Courts, Squash Court, Book Shop and Event Court was dedicated to the IIM Indore community. It was the first ever undergraduate program by an IIM. As of September 2021, four other IIMs (IIM Rohtak, IIM Ranchi, IIM Bodh Gaya and IIM Jammu) have followed suit and started their own undergraduate program.
Dr. Rishikesha T. Krishnan joined as the director in January 2014. Dr. Himanshu Rai joined as the director in January 2019. In the same year, the five-year IPM program increased its batch size to 150 from previous 120.
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 10 December 2019. IIM Indore is now the second IIM in the nation to receive Triple accreditations.
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 until 2019 Till date, no IIM has had a presence in the financial capital of India (Mumbai). Currently, the institute offers Post Graduate Programme in Management for Working Executives (PGPMX) in Mumbai, apart from some customised corporate programs.