Indian Institute of Management Udaipur (IIM Udaipur) Company Profile

Background

Established in 2011, the Indian Institute of Management Udaipur (IIM Udaipur) is a premier public business school located in Udaipur, Rajasthan, India. As one of the Indian Institutes of Management (IIMs), it holds the status of an Institute of National Importance, conferred by the Ministry of Human Resource Development, Government of India. IIM Udaipur's mission is to provide world-class management education and research, aiming to transform students into tomorrow's managers and leaders. The institute offers a range of programs, including a two-year full-time MBA, one-year full-time postgraduate MBA programs (MBA-GSCM and MBA-DEM), a Doctor of Business Administration program, and other management development programs.

Key Strategic Focus

IIM Udaipur is committed to excellence in both teaching and research. The institute emphasizes a student-driven culture, encouraging active participation in various clubs, committees, and events. It has established international collaborations with institutions such as EDHEC Business School, KEDGE Business School, and Purdue University, facilitating student exchange programs and global exposure. The institute's strategic focus includes:

Research Excellence: Ranked among the top 5 B-schools in India for research, based on the methodology used by UT Dallas, which tracks publications in leading global journals.

Global Recognition: Listed in the Financial Times (FT) Global MIM Ranking 2022 and the QS Global MIM Ranking 2020, making it the youngest B-school in the world to achieve this distinction.

Accreditation: Achieved AACSB accreditation in 2018, placing it among the top 6% of business schools worldwide.

Financials and Funding

As a public institution, IIM Udaipur receives funding from the Government of India. Specific financial details are not publicly disclosed. The institute's funding supports infrastructure development, academic programs, research initiatives, and international collaborations.

Pipeline Development

IIM Udaipur continually develops and enhances its academic programs to meet evolving industry needs. Key initiatives include:

MBA Programs: Offering specialized one-year MBA programs in Global Supply Chain Management (GSCM) and Digital Enterprise Management (DEM).

Doctoral Programs: Providing a PhD program aimed at fostering research in various management disciplines.

Executive Education: Launching programs like the Executive MBA for working professionals to cater to the growing demand for executive education.

Technological Platform and Innovation

IIM Udaipur leverages advanced technological platforms to enhance learning and research. Notable initiatives include:

Behavioural Lab: A state-of-the-art research facility aimed at discovering the complexities of human behaviour and decision-making.

Digital Initiatives: Integration of digital tools and platforms in teaching methodologies to provide a contemporary learning experience.

Leadership Team

Chairman: Pankaj Patel, Chairman and Managing Director of Zydus Cadila.

Director: Prof. Ashok Banerjee, an esteemed academician with extensive experience in management education.

Leadership Changes

In January 2016, Pankaj Patel was appointed as the Chairman of the Board of Governors, succeeding C.K. Birla. Prof. Janat Shah served as the founding director until 2022, after which Prof. Ashok Banerjee took over the role.

Competitor Profile

Market Insights and Dynamics

The management education sector in India is highly competitive, with numerous institutions offering MBA programs. The market is characterized by a growing demand for quality education, international collaborations, and research output.

Competitor Analysis

Key competitors include:

IIM Ahmedabad: Renowned for its rigorous academic programs and strong alumni network.

IIM Bangalore: Known for its emphasis on research and international collaborations.

IIM Calcutta: Offers a diverse range of programs and has a strong presence in executive education.

Indian School of Business (ISB): Provides globally recognized programs with a focus on leadership and entrepreneurship.

Strategic Collaborations and Partnerships

IIM Udaipur has established significant collaborations to enhance its academic offerings and research capabilities:

International Partnerships: Collaborations with institutions like EDHEC Business School, KEDGE Business School, and Purdue University for student exchange programs.

Industry Engagement: Regular interactions with industry leaders through events like the Leadership Summit and Netratva - The Leadership Talk Series.