05-09-2017, 04:02 PM
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 IIMB flagship program. In addition to its main academic programs, the IIMB is also dedicated to facilitating research, offering consulting services, conducting seminars and academic conferences and publishing journals.
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. While the first two MIIs were directed towards the private sector, it was decided that the new institution would be directed towards the public sector to meet its growing needs for management graduates. The Bangalore Institute was therefore created next year, designed exclusively to meet the needs of public sector companies. For the proposed institute, the Government of Karnataka offered 100 acres (40 ha) of land free of cost and a contribution of ₹ 3 million (US $ 47,000). T. A. Pai and N. S. Ramaswamy were appointed respectively as president and director. The institute was inaugurated by Indira Gandhi, then Prime Minister of India, on October 28, 1973. The institute was founded at St. Joseph's College of Commerce, and some other buildings, which were rented. The new institute was presented at Bannerghatta Road in south Bangalore.
