Established in 1973 as the third IIM in India, Indian Institute of Management Bangalore (IIMB) is celebrating its Golden Jubilee with a host of events during the weeklong celebrations.
Smt. Droupadi Murmu, Hon’ble President of India, inaugurated the IIM Bangalore Golden Jubilee Foundation Week celebrations on 26th October 2023. The inauguration event was attended by Dr. Devi Prasad Shetty, Chairperson, Board of Governors, IIM Bangalore; Prof. Rishikesha T Krishnan, Director, IIM Bangalore, Deans, Former and Current faculty, Students and Staff of the institute.
Speaking on the occasion, President Droupadi Murmu said, “IIM Bangalore is committed to not only creating managers, but also leaders and changemakers.” She congratulated IIMB for its various initiatives including globally recognized Centres of Excellence NSRCEL, Data Centre and Analytics Lab (DCAL), digital learning initiatives through MOOCs, programs and activities conducted to celebrate ‘Azadi Ka Amrit Mahotsav’ – 75 years of India’s Independence.
Dr Shetty, Chairman BoG, IIM Bangalore welcomed the Hon’ble President of India and the Hon’ble Governor of Karnataka and said, “IIMB is on a mission to shape leaders and pioneers and the school is grateful to the Government of India and Karnataka in helping craft the mission. With this kind of support, our commitment to excellence remains unwavering and is sure to soar to greater heights”
Addressing the inaugural session, Professor Rishikesha T Krishnan, Director, IIM Bangalore, highlighted the various accomplishments of IIMB, its programmes, centres, faculty, students and alumni, during its glorious 50-year journey. He described the evolution of the institute adding how it has managed to adapt very well to the changes in the broader environment and said, “Ours is a story of adapting to the environment, enhancing capabilities, deepening research output, at the same time, maintaining our core values like very high-quality teaching, and essentially meeting the needs of different stakeholders.”
IIM Bangalore – A Brief History
In 1972, a committee led by Prof Ravi J. Matthai, the founding director of IIM Ahmedabad and IRMA, observed the increasing demand for graduates from the prestigious IIMs in Calcutta and Ahmedabad. Recognizing this demand, the committee recommended the establishment of two more IIMs. The creation of an institute in Bangalore was specifically aimed at addressing the requirements of the public sector organizations.
To support the proposed institute, the Government of Karnataka provided 100 acres of land at no cost and contributed financially. T. A. Pai and N. S. Ramaswamy were appointed as the chairman and director, respectively. The inauguration of the institute took place on 28 October 1973, with the presence of Indira Gandhi, the Prime Minister of India at that time.
The two-year Post Graduate Programme commenced in July 1974, and the first convocation was held on 10 July 1976, marking the graduation of the initial class of 48 students. On August 27, 1998, the institute introduced the Post Graduate Programme in Software Enterprise Management, which enrolled 58 students. In March 2002, the institute established the N S Raghavan Centre for Entrepreneurial Learning (NSRCEL), serving as a hub for nurturing startup ventures.
Today, Indian Institute of Management Bangalore is recognized as a leading graduate school of management in Asia. IIMB has 109 full-time faculty members, about 1,200 students across various degree-granting programmes and nearly 5,000 annual Executive Education participants.
IIMB’s long-duration programmes include the Doctor of Philosophy (Ph.D.), the Post Graduate Programme in Management (PGP), the Post Graduate Programme in Management – Business Analytics (PGP-BA), the Executive Post Graduate Programme in Management (EPGP), and the Post Graduate Programme in Enterprise Management (PGPEM). Along with 11 disciplinary areas, IIMB has ten centres of excellence that offer courses and conduct research on interesting questions facing various sectors of industry.
IIMB is one of the pioneers in digital delivery of management education in India. Towards this end, IIMB offer various Massive Open Online Courses (MOOCs) and was the first management school in India to offer MOOCs on the edX platform. IIMB is also the coordinating institute for management education for SWAYAM, GoI’s online education platform.
IIMB is in the process of developing second campus in Jigani, about 27 km from the Bannerghatta Road campus in Bangalore.
IIMB Golden Jubilee Celebrations Highlights
Some of the IIM Bangalore Golden Jubilee Celebrations Highlights on the inaugural day of October 26 of IIM Bangalore Golden Jubilee Celebrations are that the President Droupadi Murmu flagged off ‘Swarna Twaran’, the 50-hour Golden Jubilee relay walkathon on campus by students, faculty, staff and alumni of the institute. The Governor of Karnataka Shri Thaawar Chand Gehlot, released the book, ‘The Making of a Campus: IIM Bangalore’, and launched a film on IIMB titled, ‘IIMB: The Journey Towards Excellence’, documenting the IIMB journey from its inception to the present.
IIM Bangalore Golden Jubilee Celebrations Highlights on October 28, the Foundation Day of IIM Bangalore, include the hosting of a meditation session by alumni, Director’s interaction with alumni, the Alumni Leadership Conclave - Corporate Excellence and presentation of Alumni Service Awards, the Director's Foundation Day address, awards for long service, conclusion of the 50-hour relay walkathon, alumni singing contest organized by the Student Cultural Team, and more. One of the key IIM Bangalore Golden Jubilee Celebrations Highlights on October 28, is that the Foundation Day Lecture is delivered by American Economist Prof. Rebecca M Henderson of the Harvard Business School.
IIM Bangalore is the top ranked B-school in India as well as globally. It is ranked #2 in India as per NIRF Ranking 2023 and is placed as one of the top B-schools globally in QS Rankings and FT Masters Ranking. An IIMB pass out is trained well, with the basics of good citizenship nailed in place. This is very much in keeping with the aim of the institution, which is ‘To be a centre of excellence, select the best, turn out first-rate professionals and responsible citizens and expect them to function well’.
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