From NITIE to IIM Mumbai: Pioneering a New Era of Management Education

Mumbai, 9th August 2023: The Indian Institutes of Management (Amendment) Bill 2023 received approval from both Houses of Parliament, resulting in the transformation of the National Institute of Industrial Engineering (NITIE) into the prestigious Indian Institute of Management, Mumbai (IIM Mumbai). This significant development adds NITIE to the esteemed group of internationally acclaimed IIMs. Established in 1963, the 21st Indian Institute of Management stands out for delivering world-class management education. The announcement coincides with the institution’s Diamond Jubilee Year, marking a momentous occasion.

With its distinctive fusion of attributes from both an Indian Institute of Technology (IIT) and now an Indian Institute of Management (IIM), Mumbai is poised to become a dynamic center for academic excellence and entrepreneurship, igniting the ambitions of India’s youth.

Commenting on this achievement, Mr. Shashi Kiran Shetty, Chairman of the Society and Board of Governors at NITIE and Chairman and Founder of the Allcargo Group, expressed profound pride in the recognition of NITIE as an IIM. He highlighted NITIE’s track record of delivering quality education in industrial engineering, engineering management, and management sciences. Inclusion in the IIM Act, 2017 will inspire NITIE to continue fostering a culture of continuous learning and innovation to nurture the leaders of tomorrow. Mr. Shetty extended his congratulations to all those who have supported NITIE throughout its journey.

Professor Manoj Tiwari, Director of NITIE, emphasized that NITIE’s inclusion in the IIM Act, 2017 reflects years of diligent work, dedication, and collaborative efforts from its faculty, administration officials, management members, staff, alumni, and students. This recognition reaffirms NITIE’s commitment to achieving academic excellence in industrial engineering, engineering management, management sciences, and supply chain management. The acknowledgment will drive the institution to enhance its academic offerings with a deeper focus on industry insights and experience.

NITIE, since its establishment in 1963, has established a legacy of producing global leaders and professionals, and it is now poised to elevate its efforts with the prestigious IIM status. Notably, NITIE secured the 7th rank in the Management Category according to the National Institute Ranking Framework (NIRF) in 2023. With its newly bestowed identity, the institute aims to secure a spot among the top three management institutes in India.