NITIE to be the 21st IIM; renamed IIM Mumbai

The National Institute of Industrial Engineering (NITIE) will officially be renamed the Indian Institute of Management, Mumbai (IIM Mumbai), after both Houses of the Parliament passed the IIM (Amendment) Bill 2023 in the ongoing Monsoon Session on Tuesday.

The bill will make NITIE the 21^st Indian Institute of Management (IIM) in the country and the second in Maharashtra, after IIM Nagpur. This announcement comes even as the institute is celebrating its Diamond Jubilee Year.

Shashi Kiran Shetty, Chairman, Society and Board of Governors, NITIE said in a statement: “Getting IIM recognition is a moment of immense pride for NITIE and Mumbai. Inclusion of NITIE in the IIM Act, 2017 will further encourage us to continue our journey of academic brilliance by nurturing a culture of continuous learning and innovation to build leaders of tomorrow. “


Professor Manoj Tiwari, Director, NITIE said, “The acknowledgement underlines our sustained endeavours to achieve academic excellence in the domains of industrial engineering, engineering management and management sciences, supply chain. It will inspire us to further elevate our academic offerings with deep industry insights and experience.”

NITIE is ranked 7 th in the Management Category by National Institute Ranking Framework (NIRF) in 2023 and with its rechristened entity, the institute aims to be among India’s top three rankings.