Narsee Monjee Institute of Management Studies (NMIMS) was established in Mumbai in the year 1981 by a leading public charitable education trust, Shri Vile Parle Kelavani Mandal (SVKM). NMIMS was established with the initial intent to offer management programs at the Diploma and Masters’ (graduate) level.

Since its commencement in 1981, NMIMS has been offering Mumbai University (University of Bombay) programs like Masters in Management Studies, Diploma in Management Studies, Masters’ Program in Marketing Management, Human Resources Management and Finance Management. In 1991, the Government of India set up the All India Council for Technical Education (AICTE), a regulatory body created for technical education.

NMIMS was the first institution in the city of Mumbai to be awarded the AICTE recognition for its Post Graduate Diploma in Management program. Since then, NMIMS has progressed to offer programs at the diploma, masters’ (MBA) and the doctoral (Ph.D.) levels.

In 1999, the Government of India, Ministry of Human Resource Development, invited NMIMS to consider becoming a deemed to be University under section 3 of the University Grants Commission (UGC) Act, 1956. The UGC Act is a statute that regulates university education in India and is authorized to confer university status (as Deemed-to-be University) on institutions of excellence.

On 13 January 2003, the Central Government of India declared NMIMS, Mumbai, as Deemed-to-be-University under Section 3 of the UGC Act, 1956. The ‘University’ status was conferred on NMIMS principally on the strength of its contribution to the growth of management education and its influence on the Indian economy.

This was subsequently voiced by Dr. David A. Wilson, President GMAC (Graduate Management Admission Council), who wrote while inviting NMIMS SBM (NMIMS School of Business Management) to become a member of GMAC, “…most of all it (reason) is a tangible statement of the significant contribution NMIMS University has made to graduate management education.”

Since 1998, when Indian business schools (B-Schools) were first ranked by Business Today (a business magazine), NMIMS has consistently been ranked among the top 10 B-Schools of India, even though the total number of business schools has increased from 150 in 1998 to over 4,000 in 2017.

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