Indian Institute of Management ( IIM ) Mumbai , formerly known as NITIE, was established by the Government of India in 1963. The institute has been ranked 9th by IIRF in 2025 and 6th by NIRF in 2024 for its MBA program. Established in 1963, the Indian Institute of Management, Mumbai , earlier known as the National Institute of Industrial Engineering, Mumbai (NITIE Mumbai), is a public institute established by the Indian government. IIM Mumbai is a coeducational institute. Check key highlights of IIM Mumbai below. Indian Institute of Management Mumbai boasts a stellar campus situated in Powai, near Vihar Lake, Mumbai . The NITIE Mumbai campus is sprawled over 67 acres of land and houses facilities such as spacious classrooms, canteens, hostels, seminar halls, research laboratories, and much more. A significant milestone was achieved by NITIE Mumbai on 12 July 2023 when the Union Cabinet approved the amendment in the IIM Act, designating NITIE Mumbai as the 21st IIM and renaming it as IIM Mumbai .
