TheShreyans Prasad Jain Institute of Management & Research (SPJIMR) is a constituent of theBharatiya Vidya Bhavan (BVB), is an Indian business school established in 1981. Situated inMumbai,Maharashtra.[1][2][3]
S.P. Jain Institute of Management & Research (SPJIMR) was inaugurated in 1981 by the then British prime minister,Margaret Thatcher, as theBharatiya Vidya Bhavan's Institute for Master of Management Studies (MMS).[4] Students from the first batch of 1983 were placed in several top companies, including BPCL, HDFC Ltd., Johnson and Johnson, Wipro, Asian Paints, Nerolac Paints Ltd., and Godrej and Boyce.
In 1986, Dr. M.L. Shrikant joined the institute as the Dean and led SPJIMR for almost three decades, introducing new and innovative methods of teaching and imparting management education.[2]
In 1992, SPJIMR attained autonomous status. Following the institute's separation from the University of Mumbai, the MMS programme was rebranded as PGDM.[5]
In 1994 and 1995, new programmes – Development of Corporate Citizenship (DoCC) and Assessment and Development of Managerial and Administrative Potential (ADMAP) – were launched, respectively.[6]
In 1998, SPJIMR launched ‘Gita Shibir’, led by Dr. M.L. Shrikant. The programme has been renamed ‘Science of Spirituality’.[7]
In 2009, the PGDM programme was accredited by the National Board of Accreditation (NBA).[8]
In 2010, SPJIMR’s three programmes were accredited by The Association of MBAs (AMBA). In 2023, a total of six programmes were accredited.[9]
In June 2015, Dr. M.L. Shrikant was succeeded by Dr. Ranjan Banerjee as the Dean of the institute.[10]
In 2018, SPJIMR received accreditation from the Association to Advance Collegiate Schools of Business (AACSB).[11][12] The Delhi campus was also inaugurated in the same year with long-term and short-term programmes.[13]
In 2019, a new building was inaugurated with state-of-the-art classrooms, group work rooms, a Design Thinking Lab, a new library, and an auditorium named after Dr. M.L. Shrikant.
In September 2021, Dr. Varun Nagaraj took over as the Dean of the institute,[14] following Dr. Ranjan Banerjee who led the institute until early 2021.[15]
In May 2024, SPJIMR launched Wise Innovation Studio for Emerging technologies.[16]
In July 2024, the institute collaborated with STEP Project Global Consortium andKPMG Private Enterprise.[17]
In January 2025,Yes Bank in collaboration with RBIH and SPJIMR launched the "Frictionless Finance Accelerator Programme".[18]
SPJIMR provides a portfolio of management programmes for freshers as well as working professionals aspiring to pursue an MBA.[21] These include Post Graduate Diploma in Management, Executive Management, Social Sector Development, Global Management, Family-managed Business and Entrepreneurship, Accelerators and Doctoral Programmes.[22][23][24]
Financial Times Masters in Management (FT MiM) 2024: #1 Indian B-school, #35 globally, #7 globally in 'Careers Service' category.[28] The FT MiM Rankings evaluate full-time master's programmes from AACSB or EQUIS-accredited business schools worldwide, with criteria including alumni career progress, school diversity, international experience, and research output.[29]
In December 2024, SPJIMR was awardedEQUIS accreditation.[35] SPJIMR received an extension of itsAACSB accreditation in February 2024.[citation needed] In March 2025, SPJIMR was re-accredited byAMBA for five years. The AMBA accreditation applies to the following programmes: PGDM, PGDM (BM), PGPM, PGEMP, PGPGM, PGPFMB, PGPDM, and PGDM Online.[36][37]
