IMI Kolkata

International Management Institute (IMI) Kolkata laid its foundation in 2010. The Institute started functioning in the year 2011 with its flagship Post Graduate Diploma in Management Programme currently accredited by the National Board of Accreditation (NBA)[5] for a period of two years effective from July 2016. In 2017, the Institute of six years also obtained the approval from All India Council for Technical Education to launch the Fellow Programme in Management (FPM), a Ph.D. level programme.The first fresh batch of students at IMI Kolkata graduated in the year 2013. Campus placements at IMI Kolkata shot up in the year 2014[6] with 96 percent of the students securing placements at some of the most renowned organizations like PwC, KPMG, Yes Bank and a few others.

International Management Institute (IMI), Kolkata
MottoShaping global leaders for tomorrow
TypePrivate Business School
Established2010
ChairmanMr. Sanjiv Goenka[1]
Dean
  • Dr. Paramita Mukherjee (Academics) [2]
  • Dr. Mohua Banerjee (Placement and Corporate Relations)
  • Dr. Tirthankar nag (Research and International Relations)
  • Dr. Sarojakshya Chatterjee (Management Development Programmes)
DirectorDr. Arindam Banik
Postgraduates344
Location
Kolkata
,
India

22°31′34″N 88°19′35″E
Campus2/4C, Judges Court Road Alipore, Kolkata – 700 027
AffiliationsNBA,[3] AICTE[4]
Websitewww.imi-k.edu.in

Background

IMI Kolkata belongs to the IMI family of B-Schools in India. IMI came up with its first campus at New Delhi in the year 1981. IMI New Delhi was established in collaboration with IMI Geneva (now IMD Lausanne)[7] and carries the title of being the first corporate sponsored B-school in India.[8] During its inception the Institute was backed by the support of big corporate houses such as RPG Enterprises,[9] Nestle,[10] ITC, SAIL, Tata Chemicals, BOC and Williamson Magor. The Institute has been among the leading management institutes in the nation for more than three decades.[11]

It was in 2010 that the RP-Sanjiv Goenka group decided to expand and start two more campuses in Kolkata and Bhubaneswar[12][13] aiming at acquainting bright young minds with the world-class IMI management pedagogy and preparing them to lead global organizations. Dr. Arindam Banik, director of IMI Kolkata while orienting a freshly enrolled batch of PGDM students for the academic session 2016-18 stated that there is no mean feat for any institution, particularly one that is just six years old[14] with reference to IMI Kolkata’s ranking as the 12th best Management Institute in the country.[15]

Ranking
Institute rankings
Business/Management – India
NIRF (2020)[16]52

As per the ‘India Rankings Report’ released by the National Institutional Ranking Framework (NIRF)[17] developed by the Ministry of Human Resource Development, Government of India, IMI Kolkata ranks #12 in 2016;[18] #49 in 2017;[19] #in the band of 51-75 in 2018[20] #45 in 2019 [21][22] and #52 in 2020 [23] among the management institutes in India.

IMI Kolkata is also a part of Study in India programme,[24] under Ministry of Human Resource Development,Government of India. Very few higher educational institutes in India are part of such educational programmes.

Entrance to the IMI Kolkata Academic block

International collaborations and partnerships

In 2011, in order to facilitate joint research in retail and other areas, IMI entered into an agreement with the Oxford Institute of Retail Management (OXIRM).[25] The basic objective of the research programme was to influence public policy decision makers on retail development issues and retail practitioners through data-driven retail and consumer-related research outputs among others.[26] Subsequently, the Institute signed a Memorandum of Understanding (MoU) with various eminent institutes/universities on the global front. The agreements are aimed at mutual support, confluence of ideas, knowledge sharing, joint research and consultancy as well as scholarly exchanges that encompass faculty and student exchange programmes. The collaborating partners include:

Centres of Excellence

IMI-Kolkata has four Centres of Excellence aimed at fulfilling the gap of research, engagement and capacity building in the areas of Financial Markets, Retail, Corporate Governance and Social Responsibility, Asian Studies and Consumer Studies.

  • Centre for Retail Management (CRM)- The centre focuses on addressing emerging needs in the retail sector, including capacity building, policy decisions on developmental issues, research in critical retailing practices, global research on the emerging markets and research in consumer behavior. International Marketing Conference on ‘Emerging Markets, Evolving Perspectives’ from December 16 to 17, 2014 was hosted by IMI Kolkata.
  • Centre for Financial Market Studies (CFMS)-The CFMS focuses on training, research and consultancy in areas related to banking and financial sector, with emphasis on meaningful research on research in the financial sector in relation to the macroeconomic environment, policy prescriptions for policymakers on the basis of research, building competency of the executives working with banks and other financial institutions in areas like risk analysis, business forecasting and many more. IMI Kolkata published working paper on “How Well Are the Banks Managing Their NPAs? A Comparative Analysis” by Paramita Mukherjee.[38]
  • Centre for Corporate Governance and Social Responsibility (CCGSR)- The centre was established to serve the increasing requirement for training, research and consultancy in corporate governance. The CCGSR focuses on the application of corporate governance policies and mechanisms for practising managers, understanding reporting mechanisms in the context of corporate governance and benchmarking of global good practices in corporate governance. National Foundation for Corporate Governance with IMI Kolkata is working on Project on ‘Exploring linkages between Gender Diversity and Corporate Governance: Do Women Directorships really add to Business Value?’ [39] IMI Kolkata is also working on ‘Exploring Relationships between Corporate Governance Practices and Financial Performance of Firms in India : Does more focus on governance create increased business value?’ sponsored by Ministry of Corporate Affairs,Government of India. IMI Kolkata is accredited as National Centre for Corporate Governance.[40] by National Foundation of Corporate Governance (NFCG).
  • Centre for Asian Studies (CAS)- The Centre works on developing knowledge through original research, disseminating knowledge through use of Asian materials and innovative pedagogy, carrying out research on the infrastructure sector, including its regulations and developing and leverage international collaborations through studies having high policy impact.In 2016, Professor Paramita Mukherjee from IMI Kolkata, Arnab Deb from International Management Institute, New Delhi and Miao Pang from Sichuan Academy of Social Sciences published "China and India: History, Culture, Cooperation, Competition” [41] by SAGE Publishing. IMI Kolkata in Collaboration with Asia Pacific Economic Association.[42] have organised annual conferences over the last few years. IMI Kolkata has organised the Fifteenth Annual Conference (2019)[43] at Fukuoka University, Fukuoka, Japan, the Fourteenth Annual Conference(2018)[44] in University of Southern California, Los Angeles, United States, the Thirteenth Annual Conference(2017)[45] in Korea University, Seoul, Korea, the Twelfth Annual Conference(2016)[46] in IMI Kolkata campus and the Eleventh Annual Conference of the Association(2015)[47] in National Taiwan University. IMI Kolkata in association with Sichuan Academy of Social Sciences, has also organised joint Indo-China conferences, on topics relevant to both the economies. The conferences are held every year in either of the two campuses.[48][49] IMI Kolkata partnered with Global Development Network, which began as a unit of the World Bank in agreement with BIDS, to organise a conference on 'Science Technology and Innovation for Development'[50][51] in 2018.

Academics

IMI Kolkata offers a two-year full-time Post Graduate Diploma in Management (PGDM).[52] The criteria for selection to the academic program is based on the Common Admission Test (CAT)[53] score of the candidates applying to the course. In June 2017, IMI Kolkata introduced its doctoral level programme for the first time called Fellow Programme in Management (FPM) to encourage scholars and support their efforts to become researchers and academicians in various fields of Management.

In-house publication

IMI Konnect[54][55] is a bi-monthly open access scholarly management publication of IMI Kolkata that started its journey in December 2012. It caters to academicians and practitioners in corporate and government organizations and departments. It publishes original research articles by scholars in the field of management and firsthand perspectives from business thinkers and practitioners on contemporary issues. Interviews with eminent personalities in the field of business are also published. It provides an opportunity to scholars across the world to debate and discuss their opinions over this intellectual platform.It caters to academicians and practitioners in corporate and government organizations and departments.

Academic Journals
  • Journal of Operations and Strategic Planning[56] through Sage Publications. JOSP is a bi annual international journal designed to inform and shape academic discussions around empirical and theoretical facets of Operations Management.
  • Studies in Microeconomics[57] through Sage Publications. Studies in Microeconomics (MIC) is a Scopus, RePEc, ProQuest, ICI, EconLit listed international (Sage) journal, publishing high quality, analytically rigorous papers in the areas of Microeconomics .

Infrastructure

IMI Kolkata boasts of its state-of-the-art infrastructure. The campus building is separated into an academic block and a residential block. Developed and designed by Abin Design Studio[58][59] the decorative pattern of the building is inspired by nature[60] There are single occupancy fully furnished hostel rooms for the students within the campus for both boys and girls along with mess facility available adjacent to the hostel. There is a common room for indoor games and the students also have access to the gymnasium. The entire campus is Wi-fi enabled with LAN connectivity thereby providing access to the internet to both the academic as well as the residential block. Classroom lectures are updated with the latest audio-visual equipment.

Architecture

Consisting of 11,000 square meters, this unique building is the first of its kind to be built in India with its colored façade and unmistakable identity.[61] Designed by architect Abin Chaudhuri, the concept was to insert a burst of color in the city's monotonous dense urban fabric, representing the colors of the sky. To achieve the colors in the glass facade, Vanceva PBB has been used as the sandwich material between two layers of glass.[62] The colored laminate on the façade follows no repetitive pattern and is symbolic of the unpredictable nature of the sky. It also represents the vibrancy of today’s youth. An integrated plaza with a water body has been designed. The water body receives no direct sunlight and creates a comfortable micro-climate. Wherever possible shading trees have been planted on the hard landscape and soft landscape has been introduced.[63]

Events

Apart from seminar, workshops,[64] conferences,[65] Management Development Programmes (MDPs) and Faculty Development Programmes conducted on a regular basis in the campus, IMI Kolkata hosts three annual events every year-

  • I-Konfluence - an undergraduate college fest
  • Confero[66] - IMI Kolkata’s annual fest
  • Converse- [67] IMI Kolkata's annual management conclave

Convocation

Convocation at IMI Kolkata is a grand event. Since 2013, the management institute has had the honor of eminent personalities in its convocation ceremonies such as-

  • Mr. Harshavardhan Neotia, Chairman, Ambuja Neotia Group. (2013)
  • Mr. Rajat M. Nag, Distinguished Fellow, NCAER. (2014)
  • Mr. Jawhar Sircar, Chairman, Prasar Bharati. (2015)
  • Dr. Un-Chan Chung, Former Prime Minister, Republic of Korea. (2016)
  • Mr. M.J. Akbar, Hon'ble Minister of State, Ministry of External Affairs, Government of India. (2017)
  • Mr. Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister and Member of NITI Aayog. (2018)
  • Mr. Sanjay Mitra, Indian Administrative Service Officer and Defence Secretary of India. (2019)

Research and consulting

According to Arindam Banik, Director of IMI Kolkata an international research focus is inextricably linked with effective management training. The objective is to support companies in a changing world by combining theoretical progress and their implications in business. The Institute’s faculty members are actively engaged with various research projects sponsored by globally recognized agencies and universities such as the National Foundation for Corporate Governance,[68] Space Applications Centre (ISRO)[69][70] CIMOn Aasia-ohjelmasta,[71] BRICS (Rio de Janeiro), SASS[72] South Asia Network of Economic Research Institutes (SANEI),[73] ), Curtin University[74] and many such other organizations. IMI Kolkata has been able to achieve its specific research objectives in a wide range of activities.

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