The Shreyans Prasad Jain Institute of Management & Research (SPJIMR) is a private business school in Mumbai, Maharashtra, India, constituted under the Bharatiya Vidya Bhavan. 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.

History

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

M.L. Shrikant became Dean in 1986 and held the position until 2015. 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). 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.

Ranjan Banerjee succeeded Shrikant as Dean in June 2015 and left the role by April 2021. The institute received accreditation from the Association to Advance Collegiate Schools of Business (AACSB) in 2018, 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 and joined the institute that September.

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, AMBA, and EQUIS accreditations concurrently. In 2025, it was re-accredited by AMBA and accredited for the first time by the Business Graduates Association. In March 2026, Nagaraj was appointed to the AACSB board of directors, representing the Asia-Pacific region.

Campus 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.

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

Accreditation and rankings

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. Notable alumni

Business and corporate leadership

Anant Bajaj, Managing Director, Bajaj Electricals Debjani Ghosh, former President, NASSCOM Jyoti Deshpande, Chief Executive Officer, Jio Studios Pradeep Kar, Founder and Chairman, Microland Rajesh Jejurikar, Executive Director, Mahindra Group Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Aashutosh Aggarwal, CEO, Simon India Ltd. Deepak Shetty, CEO and Managing Director, JCB India Girish Wagh, Managing Director and CEO, Tata Motors Commercial Vehicles Gyanendra Shukla, Managing Director and CEO, Rallis India Ritu Gangarde Arora, CEO and Chief Investment Officer, Asia, Allianz Investment Management Rohini Venkateswaran, Chief Sales Officer, Procter & Gamble Subhankar Sen, Director of Marketing, Bharat Petroleum and Chairman, Indraprastha Gas

Entrepreneurship and technology

Sujith Nair, Co-founder, FIDE, and co-creator, Beckn Madan Padaki, co-founder of MeritTrac Services and CEO of Head Held High Services Tarun Anand, Chancellor and Founder, Universal AI University Mahesh Madhavan, Indian businessman and CEO of Bacardi

Arts and entertainment

Siddharth, film actor and screenwriter Ashutosh Lobo Gajiwala, Indian actor and entrepreneur, known for playing the young Salim Malik in Slumdog Millionaire

Sports

Dipankar Bhattacharjee, Olympic badminton player

History and social development

Vikram Sampath, historian Ramakrishnan Sreenivasan (Ramki Sreenivasan), co-founder, Conservation India

References