SPJIMR was established in 1981 by India’s premier non-profit institution, Bharatiya Vidya Bhavan (BVB), to adapt the concepts, techniques, and practices of modern management to meet the needs and actual conditions of developing India.

BVB, an educational trust founded in 1938, by Dr. K.M. Munshi with the support of Mahatma Gandhi, is today a worldwide cultural, educational, and ethical movement of national eminence with widespread support and goodwill earned over its eight decades of public service.

Since its founding over forty years ago, SPJIMR has grown to become one of India’s leading management schools, with a global reputation for social impact. The Legacy Wall beautifully encapsulates this journey. Take a trip down memory lane.

We teach that material success is important, but it can ring hollow without an understanding of the deeper purpose that must guide our decisions and a spirit of service that must lead us to action.

Dr. Manesh L. Shrikant Honorary Dean, SPJIMR (1986 - 2014)

Legacy wall

Reaccreditation by AACSB

SPJIMR earns a 5-year extension of the AACSB accreditation. The AACSB accreditation is synonymous with excellence and continuous improvement. It emphasises our commitment to quality business education. It also acknowledges our continued efforts towards advancing wise innovation and creating positive societal impact in India and across the globe.

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PGEPF inaugurated

SPJIMR’s Post Graduate Executive Programme in Fintech, Blockchain, AI/ML & Data Science (PGEPF) welcomed its first cohort on January 27, 2024. The ceremony, held virtually via Zoom, brought together esteemed professionals, industry leaders, and academic experts for an insightful kick-off.

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SPJIMR welcomes PGDM Online Cohort 1

SPJIMR inaugurated the very first cohort of PGDM Online on November 30, 2023, adding another milestone to its rich legacy. The inaugural cohort exemplified diversity with participants from various geographical locations including New York and Prague, and sectors.

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SPJIMR welcomes PGDM Online Cohort 1
Sunil Bhatia Start-up Resource Hub (SBSH) inaugurated

SPJIMR Centre for Financial Innovation (CFI) inaugurated the Sunil Bhatia Start-up Resource Hub on July 15, 2023. SPJIMR PGDM 1989 alum Sunil Bhatia, Board Member, Investor and Former CEO of Infogain, has committed INR 10 crore towards launching the Hub. It is envisaged as a comprehensive ecosystem for budding start-up founders to support entrepreneurship.

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SPJIMR recognised as "Pioneering School"

SPJIMR has, for the third consecutive year, been recognised as a pioneering school in the Positive Impact Rating (PIR) 2023. The PIR report, titled ‘Accelerating the societal impact of business schools’, was launched today at the UN PRME Global Forum in New York.

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GCPE inaugurated

Graduate Certificate Programme in Entrepreneurship (GCPE) welcomed its inaugural cohort on June 11, 2023. It is a uniquely crafted programme aimed at empowering undergraduates and fresh graduates from different educational streams across India with the skills and mindset needed to thrive in the entrepreneurial world.

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FinNovate Accelerator launched

Centre for Financial Innovation (CFI) launched the ‘SPJIMR FinNovate Accelerator’ in partnership with Mumbai Angels to support the BFSI industry by bringing together promising start-ups, experienced mentors, and industry corporates in an exclusive acceleration programme.

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Viraasat: Celebrating Indian Family Businesses

Viraasat, the marquee event hosted by SPJIMR Centre for Family Business & Entrepreneurship (CFBE) celebrated the success of family businesses in India and brought together members of the ecosystem to exchange knowledge and strengthen networks. The event was graced by the Hon’ble Minister of Road Transport & Highways, Government of India, Shri. Nitin Gadkari, who delivered the inaugural address.

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#1 All India Private B-school

SPJIMR ranked #1 private business school and #4 top business school in India by MBAUniverse.com’s Business School Rankings 2023.

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PGP-MBM (erstwhile EPBM) launched

SPJIMR broadens its executive education portfolio with the Executive Programme in Business Management (EPBM) now called Post Graduate Programme in Marketing & Business Management (PGP-MBM). PGP-MBM is an accelerated management programme for executives with less than five years of work experience. The programme’s first batch started their SPJIMR journey on May 30, 2022.

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PGDM (BM) inaugurated
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Centres of Practice established

With the aim to improve the managerial practices of a specific professional community, SPJIMR established four Centres of Practice: Centre for Innovation in Sustainable Development (CISD); Centre for Family Business and Entrepreneurship (CFBE); Centre for Financial Innovation (CFI) and Centre for Wisdom in Leadership (CWIL).

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SPJIMR one amongst top four highest 'pioneering school'

The Positive Impact Ratings (PIR) Association announced at the UN PRME Global Forum that for the second successive year, SPJIMR is one of only four management schools across 21 participating countries awarded the highest ‘pioneering school’ rating. 

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SPJIMR is #1 Private Indian B-School

SPJIMR has been ranked the #1 private business school in India by Fortune India and Business World amongst others. Overall it features in the top 5 best business schools.

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SPJIMR recognised by Financial Times as one of India’s top business schools

The Financial Times 2021 rankings place SPJIMR at rank 39 for the Institute’s flagship two-year PGDM programme, making the Institute one of only three Indian schools and the only private Indian school of management to feature in the FT Masters in Management top 50 ranks for the year.

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Dr. Varun Nagaraj appointed as Dean

In his inaugural address, Dr. Nagaraj said, “We have the privilege of building on an amazing foundation as we look to take our Institute to even greater heights of student and alumni success, faculty thought leadership, and societal impact.”

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SPJIMR recognised globally for Social Impact by Positive Impact Rating

SPJIMR was recognised as a “pioneering school” with the highest “Level 5” rating for its social impact and sustainability achievements in the 2021 edition of Positive Impact Rating at the United Nations PRME Global Forum.

SPJIMR is awarded the AICTE Tier -1 status

SPJIMR is awarded the Tier -1 status under the AICTE “graded autonomy scheme”. This is the highest tier possible for institutions affiliated with AICTE, the All India Council of Technical Education.

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SPJIMR in top 50 world's best master in management programme

SPJIMR ranks #36 globally in the Financial Times Master in Management Rankings 2020 for its PGDM, a two-year full-time management programme. The Financial Times rankings are considered the gold standard of global B-school rankings.

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New Building (C & D Block) added to the existing Academic Block

A new building opened up new areas for learning. It has state of the art classrooms, group work rooms, DT Lab, 3 storey new library, MDP room. It also has a new auditorium named after Dr. M. L. Shrikant.

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SPJIMR erstwhile Centre for Financial Studies launched

SPJIMR erstwhile Centre for Financial Studies (CFS) was launched with the objective of contributing perspectives and policy advice to the financial services industry in the areas of Financial Innovation and Markets & Risk. CFS is currently called the SPJIMR Centre for Financial Innovation.

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SPJIMR wins award for 'Excellence In Institutional Social Responsibility'

SPJIMR won the award for ‘Excellence in Institutional Social Responsibility’ at the 6th Federation of Indian Chambers of Commerce and Industry (FICCI) Higher Education Excellence Awards 2019.

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AMBA Innovation Award

PGMPW wins the ‘MBA Innovation Award’ at the 2019 edition of the Association of MBAs (AMBA) Excellence Awards.

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PGPGM launched

PGPGM (Post Graduate Programme in General Management) is a 24-month alternate weekend programme for working professionals. It is specially designed weekend programme for executives with more than four years of work experience, who wish to pursue Executive MBA without taking a career break. Initially it was offered only at SPJIMR New Delhi campus however currently it is also being delivered at the SPJIMR Mumbai campus.

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SPJIMR one of the five Indian institutes in QS Global MBA Rankings

SPJIMR features amongst the five Indian management institutes in the Quacquarelli Symonds (QS) Global MBA rankings.

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SPJIMR conferred with Innovative Practices Award by the UNGCNI

SPJIMR was conferred with the Innovative Practices Award 2018 by the United Nations Global Compact Network India (GCNI) during the 13th National Convocation of GCNI. The award was for two of our initiatives, Abhyudaya and DoCC, which address two Sustainable Development Goals, quality education, and partnership for the goals.

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AACSB Accreditation

SPJIMR was awarded accreditation by the Association to Advance Collegiate Schools of Business (AACSB), International, the oldest global accrediting body for management schools and the largest business education network connecting students, educators and businesses worldwide.

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SPJIMR Delhi Centre inaugurated

The Delhi Centre of SPJIMR is spread over 13,000 square feet, in the Bharatiya Vidya Bhavan. The Centre aims to focus on Executive Education, with both long-term and short-term programmes designed to meet the needs of middle to senior-level executives.

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SPJIMR featured in "Innovations That Inspire" by AACSB for its PGMPW Programme

The Association to Advance Collegiate Schools of Business (AACSB), International, the US-based accreditation body, has named SPJIMR as one of the 35 innovative global schools for engaging a diverse community through its innovative Post Graduate Management Programme for Women (PGMPW).

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DoCC Initiative - UN Global Compact

SPJIMR was invited to the UN Global Compact as one of the eight global B-Schools to have started the  Development of Corporate Citizenship (DoCC), a pioneering initiative over two decades ago.

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Design Thinking Lab launched

SPJIMR became one of the first B-Schools in India to set up a Design Thinking lab, which makes learning more relevant and practical. The lab enables participants, partner corporates, faculty, professionals including alumni, to prototype their out-of-the-box challenging ideas in a makers’ environment.

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#IamSPJIMR campaign awarded AACSB "Innovations That Inspire"

SPJIMR won the “Innovations That Inspire” award for its #IamSPJIMR campaign, which was a voluntary initiative by faculty, participants, and other SPJIMR family members, including alumni, for sharing their ideas of the SPJIMR way and how it had touched their lives. The campaign was voted as one of the world’s Top 30 innovations for 2015.

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Fellow Programme in Management (FPM) launched

SPJIMR launched the Fellow Programme in Management (FPM) to prepare the next generation of academic researchers and thought leaders. This programme brings together a unique mix of rigorous methods and practice orientation to research some of the pressing business challenges.

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Post Graduate Management Programme for Women (PGMPW) launched

Post Graduate Management Programme for Women (PGMPW) is an accelerated career management programme for women who have taken a break from a full-time career and want to return to the professional world and seek career growth. The programme also aims to help organisations hire talented managers and leaders and to bring more diversity to their workplace.

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Collaboration with Harvard as a training partner

SPJIMR collaborated with Harvard Business School (HBS) Publishing where SPJIMR would be the national  training partner for teaching with simulations.

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SPJIMR new logo unveiled

SPJIMR’s rebranded logo has five upward strokes representing the five personality attributes of the new SPJIMR brand – authentic, dynamic, grounded, innovative, and socially sensitive. The new logo with the tagline ‘Courage & Heart’ exemplifies the spirit of SPJIMR.

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Abhyudaya wins Gold Award at Indian Management Conclave

Abhyudaya won the Gold Award for ‘Innovations in Teaching Methodology’ at the 6th Indian Management Conclave (IMC), 2015, held in Hyderabad.

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Dr. Ranjan Banerjee appointed as Dean

Dr. Ranjan Banerjee took over as Dean of SPJIMR. In the words of Dr. Banerjee “SPJIMR is a B-school  with a history of being innovative, value-based, and with the courage to carve its own path”.

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SPJIMR introduces Global Fast Track (GFT)

Global Fast Track (GFT) was introduced to give PGDM participants an edge in specialisation through advanced courses at leading international business schools like Cornell University, Michigan State University, and Carnegie Mellon University.

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Abhyudaya wins Jury Award at World Education Summit, 2013

Abhyudaya won the jury award at the World Education Summit 2013, New Delhi, in the category – ‘Innovation by Management Institution’.

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SPJIMR Alumni Awards launched

SPJIMR launches Alumni Awards to recognise and celebrate the outstanding contribution of its alumni. These awards will be held annually to applaud alumni achievement, including excellence in leadership, innovation and creating impact. With their exceptional contribution, our awarded alumni become role models for our community and inspire a sense of pride. The award categories include Corporate Excellence, Social Excellence, Excellence in Entrepreneurship, Promising Young Alumnus and Best Company of the Year.

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Abhyudaya wins GMAC MET Fund grant

In the ‘Ideas to Innovate’ Challenge, GMAC MET Fund 2012 awarded USD 1.63 lakh grant to SPJIMR for its pedagogic innovation, Abhyudaya.

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SPJIMR introduces International Immersion for PGPM

The International Immersion programme for PGPM was started to give its participants an edge through advanced courses at leading global institutions such as Michigan State University, University of Texas, Austin and Cornell University.

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SPJIMR launches Post Graduate Programme in Development Management (PGPDM)

Post Graduate Programme in Development Management (PGPDM), a pioneer development management programme in India, was launched in 2011 with the objective of bringing systematic, professional management practices to the development sector. The programme received a INR 1.9 crore grant from the Tata Trusts, an appropriate acknowledgement of this programme’s significance.

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SPJIMR launches Global Management Programme (GMP)

Global Management Programme (GMP), then known as PGCIM (Post-Graduate Certificate in Management Programme), is a full-time residential programme with an international focus where participants spend six months in SPJIMR and then transfer to SPJIMR’s international partner university across Europe and US.

Partner schools include Brandeis International Business School, Robert H. Smith School of Business, Stevens (Institute of Technology) School of Business, EBS Business School, IESEG School of Management, Nyenrode Business Universiteit.

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SPJIMR earns AMBA accreditation

AMBA accreditation service is the global standard for all MBA and Master’s degrees, currently accrediting programmes from the top 2% of business schools in more than 75 countries. SPJIMR’s PGDM, PGEMP,  PGPM, PGPFMB, PGPGM and PGPDM have been awarded AMBA accreditation.

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SPJIMR Business Academia Conclave launched ( SBAC )

SPJIMR Business Academia Conclave is a platform for businesses and academia to connect, share experiences, and learn from each other against the backdrop of evolving business dynamics. It brings together distinguished academicians from around the globe, leading corporates and the student community to collaborate, innovate and impact the business landscape in India.

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Alumni Relations Office inaugurated

The Alumni Relations office was set up to help access, engage, and collaborate with the SPJIMR alumni network and help the alumni connect and collaborate with each other to expand their professional networks.

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SPJIMR PGDM awarded NBA accreditation

SPJIMR PGDM programme is accredited by the National Board of Accreditation (NBA), which is one of the two major bodies responsible for the accreditation of higher education institutions in India.

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SPJIMR initiates International Exchange for PGDM participants

SPJIMR started the International Exchange module for its PGDM participants to give them a chance to gain global exposure from leading business schools abroad. Partners include IT Bandung, Indonesia; Universite Paris Dauphine, France; IESEG school of management, France; Kuehne Logistic University, Germany; Luiss Business School, Italy; ESIC, Spain; NUCB, Japan; Skema (4+ campuses) and Edhec school of business, France

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SPJIMR launches the Abhyudaya initiative

SPJIMR is the first, and perhaps the only B-school in India, to include such an initiative in its core curriculum. Abhyudaya is a unique pedagogic innovation that aims to foster social responsibility among B-school participants through experiential learning. Abhyudaya is a year-long mentorship course through which first-year students at SPJIMR mentor underprivileged children (whom we call Sitaras) from neighbouring schools.

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PGPM launched

SPJIMR launched Post Graduate Programme in Management (PGPM), a full-time one-year accelerated management programme for professionals with more than five years of work experience. PGPM leverages the participants’ existing skill sets and knowledge to develop general management perspectives and enables them to take on broader leadership roles.

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SPJIMR partnered with Virginia Tech for a two-year programme in Post Graduate Diploma Systems Management-Management Information Technology (PGDSM-MIT), which led to a master’s degree in Information Technology from Virginia Tech and a Post Graduate Diploma in Systems Management from SPJIMR. PGDSM-MIT was discontinued recently.

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SPJIMR co-founded National Entrepreneurship Network

Wadhwani Foundation selected SPJIMR as a co-founder of National Entrepreneurship Network (NEN) along with IIM-A, BITS Pilani, and IIT-B. The purpose of NEN was to create entrepreneurship as a career and to develop first-generation entrepreneurs.

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Post Graduate Executive Management Programme (PGEMP), a 21-month modular programme, was designed for working professionals with more than five years of work experience. Participants can continue to work as PGEMP offers the flexibility to attend the programme in modules of 10 days every three months.

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Post Graduate Diploma in Information Technology (PGDIT) aimed to develop a well-rounded capability suitable for a potential “team leader” for IT projects. This programme was equivalent to a Master in Information Technology. The programme was later renamed as PGDSM-MIT (Post Graduate Diploma Systems Management-Management Information Technology).

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SPJIMR introduces Autumn internships (Autumns)

SPJIMR introduced the concept of Autumn Internships in which its PGDM participants intern with leading corporates after completing their specialisations in the third semester to ensure meaningful contributions by the participants to their respective organisations and making them industry-ready.

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SPJIMR introduces Gita Shibir (now known as Science of Spirituality)

SPJIMR introduced Gita Shibir in its curriculum to develop an awareness of the self in its participants and help them learn to manage themselves before they manage others. The course was led by honorary Dean Dr. M. L. Shrikant and its first session was conducted by Swami Viditatmanandji. The course has since been revised and is now titled, the Science of Spirituality.

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Centre for Family Managed Business and PGPFMB programme launched

SPJIMR established its Centre for Family Managed Business and launched the Post Graduate Programme in Family Managed Business (PGPFMB), the pioneer management programme for scions of family-managed businesses in India.

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SPJIMR started Assessment & Development of Managerial & Administrative Potential (ADMAP) to help participants develop their managerial potential by working as part of committees that are empowered to run various functions of the Institute. Today over 21 committees work under the ADMAP umbrella.

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SPJIMR launches the pioneering DoCC initiative

SPJIMR introduces its pioneering pedagogical initiative Development of Corporate Citizenship (DoCC).  Through DoCC, full-time management participants intern with various non-profits in rural India for about six weeks engaging with the grassroots communities and learning experientially from them.

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SPJIMR receives AICTE approval

SPJIMR’s PGDM programme received approval from the All India Council of Technical Education (AICTE) in 1994, followed by the PGPM programme in 2013 and the FPM programme in 2016.

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SPJIMR constructs the Academic Block

A new academic block was built, which housed several classrooms like Domes, Library and Computer Centre.

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SPJIMR introduces PGLab (Personal Growth Lab)

SPJIMR introduces PGLab (Personal Growth Lab) experiential learning module aimed at promoting self-awareness and appreciating team dynamics. This was one of the first outdoor experiential learning programmes introduced in a B-School. PGLab is now a significant part of the Organisational & Leadership Studies.

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SPJIMR gets autonomous status

SPJIMR delinked from Mumbai University to acquire autonomous status in 1992. This gave SPJIMR the freedom to design its curriculum, making it more relevant to our times, as well as the freedom to hire faculty and choose participants based on a unique mix of performance and values. Post delinking, the then MMS programme became PGDM.

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Dr. M. L. Shrikant appointed as the Honorary Dean of SPJIMR

Dr. M.L. Shrikant led the institution for almost three decades, seeing it emerge as a top-ranked school that changed the face of management education in India.  In the words of Dr. Shrikant: “We teach that material success is important but it can ring hollow without an understanding of the deeper purpose that must guide our decisions and a spirit of service that must lead us to action.”

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First batch on-campus placements concluded

The first batch of SPJIMR, Class of 1983, successfully concluded their on-campus placements. Top companies including A F Ferguson & Co., BPCL, HDFC Ltd., Johnson & Johnson, Wipro, Goodlass Nerolac Paints Ltd., Hindustan Lever, and Lloyd Insulations India Limited, participated in the first on-campus recruitments.

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Placements of first batch of Masters in Management Studies
The institute admits its first batch of participants

The institute inaugurated its first batch of students for the erstwhile Master of Management Studies(MMS) programme, working from classrooms and offices above the chemistry lab in the Bhavan’s College building.

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SPJIMR foundation stone laid by Margaret Thatcher

The former British Prime Minister, Margaret Thatcher, laid the foundation stone of SPJIMR, on April 17, 1981. It was then known as “Bharatiya Vidya Bhavan’s Institute for Master of Management Studies”. Every year April 17, is celebrated as SPJIMR Day.

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Dr. K. M. Munshi founded the Bharatiya Vidya Bhavan (BVB)

Kulapati Dr. Kanhaiyalal Maneklal Munshi founded the Bharatiya Vidya Bhavan a  decade before India became free. The founding ceremony on November 7, 1938 marked “the beginning of an adventure in faith” — a faith in India’s past, present and future. The BVB came into being with the blessings of Mahatma Gandhi and the active support of several eminent leaders like Sardar Patel, Dr. Rajendra Prasad, Pandit Jawaharlal Nehru and other scholars’ and eminent professionals. BVB’s ideal is Vasudhaiva Kutumbakam: “The world is one family.” Its motto is ‘Aa no bhadraah kratavo yantu vishwatah’: “Let noble thoughts come to us from every side.”

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