The Indian Institute of Management Bangalore (IIMB) is a public business school located in Bangalore, Karnataka, India. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad. It offers postgraduate, doctoral and executive training programs. The Graduate Management Program (PGP), a two-year full-time residential MBA program, is the star program of IIMB. In addition to its core academic programs, IIMB is also dedicated to facilitating research, offering consulting services, conducting seminars and academics. conferences and editorial publications.
In 1972, a committee headed by Ravi J. Matthai, seeing the increasing demand for graduates of the first two IIMs, namely IIM Calcutta and IIM Ahmedabad, recommended the need for two more IIMs. Although the first two IIMs were directed towards the private sector, it was decided that the new institution will be directed towards the public sector to meet the growing needs of management graduates. The Institute in Bangalore was accordingly established next year, designed to exclusively address the needs of public sector companies. For the proposed institute, the Karnataka Government offered 100 acres (40 ha) of land free of charge and a contribution of ₹ 3 million (US $ 47,000). T. A. Pai and N. S. Ramaswamy were appointed as president and director, respectively. The Institute was inaugurated by Indira Gandhi, the then Prime Minister of India, on October 28, 1973. The institute was started at the St. Joseph's College of Commerce, and some other buildings were rented out. The new institute emerged on Bannerghatta Road in South Bangalore.