
Established in the year 1961, IIM was started as an autonomous body with the joint efforts of the Government of India, Government of Gujarat, and industry. From its inception, the concept of faculty governance was introduced, in which all the faculty members of the institute have an important role to play in the administration of the various academic as well as non academic activities. It is owing to this fact that the quality of learning is fabulous at the Indian Institute of Management, Ahmedabad.
The basic goal of the institute is to help India as well other countries of the third world develop managerial skills. It aims to do so by creating risk taking bold leaders, who can pioneer a set of new management practices and thus lay down new standards. It provides education to people possessing extraordinary caliber, thus enabling them to make their career in the field of management, which is the most booming stream of study. The methodology of teaching that is adopted comprises of both, the conceptual study as well the practical training. This is what makes its teaching outstanding.