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S. P. Jain Institute of Management and Research

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The Shreyans Prasad Jain Institute of Management & Research (SPJIMR) is a private business school in Mumbai, Maharashtra, India, constituted under the Bharatiya Vidya Bhavan.[1][2] Established in 1981, it operates as an autonomous institute without university affiliation and runs campuses in Mumbai and New Delhi. It offers postgraduate, executive, and doctoral management programmes.[3]

S. P. Jain Institute of Management & Research
Mottoआ नो भद्राः क्रतवो यन्तु विश्वतः
Motto in English
Let noble thoughts come to us from every side
TypePrivate business school
EstablishedApril 17, 1981; 45 years ago (1981-04-17)
Parent institution
Bharatiya Vidya Bhavan
Accreditation
AffiliationsAICTE, AIU
DeanVarun Nagaraj
Location
Mumbai
,
Maharashtra
,
India

19°07′23″N 72°50′10″E / 19.1231°N 72.8361°E / 19.1231; 72.8361
Campus
  • 45 acres (18 ha)
  • Urban, 45 acres (18 ha)
Websitespjimr.org
Map

History

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The institution was established as the Bharatiya Vidya Bhavan's Institute for Master of Management Studies (MMS);[4] its foundation stone was laid on 17 April 1981 by the British prime minister Margaret Thatcher.[5] The first cohort began the MMS programme in 1981.[6]

M.L. Shrikant became Dean in 1986 and held the position until 2015.[7] During this period the institute moved to autonomous status, separate from university affiliation, and the MMS programme was restructured into the Post Graduate Diploma in Management (PGDM).[3][8][9] The institute's Development of Corporate Citizenship (DoCC) and Abhyudaya programmes received an Innovative Practices Award from the United Nations Global Compact Network India in 2018.[1][10]

Ranjan Banerjee succeeded Shrikant as Dean in June 2015 and left the role by April 2021.[11] The institute received accreditation from the Association to Advance Collegiate Schools of Business (AACSB) in 2018,[12][13] the same year it opened its New Delhi campus. Varun Nagaraj, an IIT Bombay graduate who had previously worked in technology-industry management roles in the United States, was appointed Dean in June 2021[14] and joined the institute that September.[15]

In December 2024, the institute received EQUIS accreditation from the European Foundation for Management Development, becoming one of four business schools in India to hold the AACSB,[16] AMBA, and EQUIS accreditations concurrently.[17] In 2025, it was re-accredited by AMBA and accredited for the first time by the Business Graduates Association.[17] In March 2026, Nagaraj was appointed to the AACSB board of directors, representing the Asia-Pacific region.[18]

Campus

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The main campus occupies about 45 acres in the Andheri area of Mumbai. The Delhi campus operates from the Bharatiya Vidya Bhavan facility in New Delhi and offers executive and short-term programmes.[19]

Academics

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SPJIMR's principal programme is the two-year Post Graduate Diploma in Management (PGDM).[20][21] It also offers a one-year postgraduate management programme, executive and modular programmes, and doctoral study through the Fellow Programme in Management (FPM).[1] The PGDM was first accredited by India's National Board of Accreditation in 2007[22] and most recently re-accredited in 2022; the FPM holds doctoral equivalence from the Association of Indian Universities.[23]

Accreditation and rankings

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Institute rankings
Business – international
Financial Times (MBA) (2024)[24]35[25]
Business/Management – India
NIRF (2024)[26]20[27]

SPJIMR holds AACSB (since 2018), AMBA, and EQUIS (since 2024) accreditation, and is recognised by the All India Council for Technical Education as an autonomous Category-I institution.

The institute has appeared in the Financial Times Masters in Management global top 50 for six consecutive years as of 2025.[28][29]

Notable alumni

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References

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  1. 1 2 3 Trevisan, Tatiana Donato; Haski-Leventhal, Debbie; Bankins, Sarah (1 October 2025). "Bridging East and West: How Business Schools Can Develop Responsible Leader Competencies". Journal of Business Ethics. 201 (2): 371–390. doi:10.1007/s10551-024-05899-2. ISSN 1573-0697.
  2. ↑ Shashidhar, Ajita (7 November 2024). "SPJIMR Nurtures Socially Sensitive Managers". Fortune India. Retrieved 20 June 2026.
  3. 1 2 Bhattacharyya, Rica. "B-Schools pump up spiritual quotient in classrooms". The Economic Times. Retrieved 12 November 2021.
  4. ↑ "Top Indian MBA Institutions in QS Global MBA Rankings 2023 | Today News". mint. 17 July 2023. Retrieved 20 June 2026.
  5. ↑ "Top MBA Colleges in India Other than IIMs: Ranking, Fee & Annual Package". Jagranjosh.com. 27 December 2023. Retrieved 20 June 2026.
  6. ↑ "Speech at Bharatiya Vidya Bhavan Institute of Management Studies | Margaret Thatcher Foundation". www.margaretthatcher.org. Retrieved 12 November 2021.
  7. ↑ "The professor who propelled SP Jain Institute of Management to top ten". BusinessLine. 18 October 2015.
  8. ↑ Yadav, Aakanksha (19 July 2025). "Beyond Skills: SPJIMR's Transformative Approach to Leadership in Social Sector ft. Dr. Meshram". The CSR Journal.
  9. ↑ Sampath, Vikram (20 November 2022). "SPJIMR empowered me with an analytical mind: Historian Vikram Sampath". India Today.
  10. ↑ Parmar, Chandrika (24 December 2021), "PRME Chapter India", Responsible Management Education (1 ed.), London: Routledge, pp. 153–168, doi:10.4324/9781003186311-15, ISBN 978-1-003-18631-1, retrieved 20 June 2026{{citation}}: CS1 maint: work parameter with ISBN (link)
  11. ↑ Basu, Sreeradha (1 June 2020). "Dr Ranjan Banerjee to continue as dean of SPJIMR for another term of five years". The Economic Times. ISSN 0013-0389. Retrieved 20 June 2026.
  12. ↑ "SPJIMR Earns AACSB Accreditation". BW Education. Retrieved 20 June 2026.
  13. ↑ "S.P. Jain Institute of Management and Research | AACSB Accredited". www.aacsb.edu.
  14. ↑ Joseph, Lancelot (24 December 2024). "Through innovations, SPJIMR makes a societal impact". Business India. Retrieved 20 June 2026.
  15. ↑ Basu, Sreeradha. "SPJIMR announces Dr. Varun Nagaraj, US-based practitioner-academic, as the new Dean". The Economic Times. Retrieved 15 November 2021.
  16. ↑ "SPJIMR Earns AACSB Accreditation". BW Education. Retrieved 20 June 2026.
  17. 1 2 "SPJIMR strengthens its global standing—receives AMBA reaccreditation, earns BGA accreditation". indiaeducationdiary.
  18. ↑ Basu, Sreeradha (11 June 2021). "SPJIMR announces Dr. Varun Nagaraj, US-based practitioner-academic, as the new Dean". The Economic Times. ISSN 0013-0389. Retrieved 20 June 2026.
  19. ↑ "S.P. Jain Institute of Management and Research, Mumbai".
  20. ↑ "SPJIMR introduces two-year PGDM online course on Coursera". The Indian Express. 14 April 2023. Retrieved 20 June 2026.
  21. ↑ "SPJIMR and Coursera announce Future Leader Scholar Programme for business leaders". bestcolleges.indiatoday.in.
  22. ↑ "Accredited Programs". NBA.
  23. ↑ "Association of Indian Universities" (PDF). Aiu.ac.in.
  24. ↑ "MBA 2024". Financial Times rankings. 11 February 2024.
  25. ↑ "Masters in Management 2025 - Business school rankings from the Financial Times - FT.com". rankings.ft.com. Retrieved 20 June 2026.
  26. ↑ "National Institutional Ranking Framework 2024 (Management)". National Institutional Ranking Framework. Ministry of Education. 12 August 2024.
  27. ↑ "Top 100 State-Wise MBA Colleges Based On NIRF Rankings 2025". NDTV. Archived from the original on 21 October 2025. Retrieved 20 June 2026.
  28. ↑ Shashidhar, Ajita (6 November 2024). "Indian B-Schools' Race to Be Global Best". Fortune India.
  29. ↑ "India's Top Five B-Schools Yearly Ranking In 2022". Business Today. 1 November 2022.
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