The year 1981 saw the opening up of the Management Education System in Mumbai with the decision of the University of Mumbai to allow new management Institutes to be set up. The pressing demand for management education, coupled with a keen sense of social commitment on the part of SVKM led to the birth of Narsee Monjee Institute of Management Studies named after the intrepid entrepreneur the Late Shri. Narsee Monjee. Over the years it has evolved as a citadel of management thought and learning.
NMIMS made a humble beginning in 1981, as a Management Institute of the Mumbai University, offering two year full time Masters program in Management Studies, with 4 full time faculty, 3162 books and an intake of 40 students, above Bhaidas Hall, Vile Parle (west).
The new building of the Institute with an area of 36,000 square feet equipped with facilities for 12 classrooms, Library, Seminar & Conference Rooms and Computer Installation was commissioned in January 1985. This gave NMIMS a strong foothold.
In 1982-83, the first Annual Seminar was organized by the students. Market research involving innovative games designed by students under faculty guidance was organized through the Marketing Fair ‘NUMAAISH’, which had eight companies participating.
In 1985-86, Mumbai University recognized the two year full time MMS, two year part time DMS, three year masters’ part time programs and other one year diploma programs.
The Management Development Division was set up to design and conduct need-based Executive Development Programs, Unit Based and In-Company Training Programs. The Computer Division was set up and Documentation Section commenced in the Library.
In 1986-87, Mumbai University accorded permanent recognition to NMIMS and in 1987-88, Mumbai University granted approval to commence the Doctoral program.
In 1991-92 NMIMS was first amongst the Management Institutes in Mumbai to earn recognition by the All India Council for Technical Education [AICTE]. The autonomous Post Graduate Diploma in Business Management (PGDBA) was started.
In 1994-95, The Centre for Capital Market and Investment Management was setup and also NMIMS Newsletter was released.
In 1999-2000, National Assessment and Accreditation Council awarded NMIMS the Five Star rating.
The Industry Institute Partnership Cell (IIPC) was established and a Language Lab was set up..
In 2002-03, NMIMS was granted the Deemed-to-be-University status, by the Ministry of Human Resource Development, Government of India on the basis of significant amount of work and recognition as one of the top business schools in India.
MAJOR DEVELOPMENTS POST DEEMED UNIVERSITY STATUS
In 2003-04, NMIMS de-affiliated itself from the Mumbai University and redefined its identity with a new logo. NMIMS was awarded the ISO 9001:2000 Certification by ICL in 2004 and ranked 10th in the Asia Inc B-School Survey (South Asia Region).
In 2004-05, NMIMS (Deemed University) was awarded the Golden Peacock National Training Award 2004 in the category of a Large Training Provider by the Institute of Directors (IOD). NMIMS was rated as one of the top ten institutes in the country with excellent brand value, infrastructure, intellectual capital and focus towards growth in the Outlook Cfore survey 2004.
NMIMS (Deemed University) launched the Doctoral Program in Management
National Assessment & Accreditation Council [NAAC] re-accreditation awarded NMIMS (Deemed University) an ‘A’ grade, with a score between 85-90%.
NMIMS launched a unique program called MBA (Capital Markets) in collaboration with the Bombay Stock Exchange (BSE).
Continuous efforts resulted in introduction of new programs to meet the needs of the Industry, Government, Voluntary Service Organizations and the society at large. These programs were focused MBA programs like:
- MBA (Capital Markets)
- MBA (Retail Management)
- MBA (Actuarial Science)
- MBA (Pharmaceuticals Management)
- MBA (Services Management)
- MBA (Global Business)
NMIMS has also been awarded by the Golden Peacock National Training Award for the year 2011
NMIMS-MBA Program awarded A+++ rating ( the highest rating) by CRISIL 2010-11
In 2011-12 MBA Program was again rated A+++ by CRISIL.
The MBA,MBA Capital Markets & MBA Banking Program obtained the highest rating from IQRA
Specialized Centres
- Centre for Social Entrepreneurship and Sustainability Management – current cell for Social Entrepreneurship to be upgraded to the status of the Centre – by April 2012.
- Centre for Entrepreneurship and Family Business.
