India has a total of 21 IIMs and 23 IITs. These reputed institutes are located in different cities across the nation. While the most recent IIT i.e. IIT Goa was founded in 2016, IIM Mumbai (IIM-M) is the most recently established ‘IIM’ in 2023. However, only three cities in India have both IIT and IIM.
Mumbai
Earlier recognised as the National Institute of Industrial Engineering, Mumbai (NITIE Mumbai), IIT Mumbai was established in 1963. In 2023, the institute was converted into an IIM after the suggestion of the noted industrialist Anand Mahindra and HDFC chairman Deepak Parekh in 2007. The Union Cabinet approved the amendment in the IIM Act on July 12, 2023, thereby making NITIE Mumbai the 21st IIM and renaming it as IIM Mumbai. The institution ranks at the 7th position among management schools in India, as per the NIRF.
On the other hand, IIT Bombay secured the third spot in the engineering category and fourth in the overall category. Founded in 1958, it was one of the first IITs to be established. Interestingly, the institution received UNESCO funds from the Soviet Union for its establishment, making it an ‘Institute of National Importance’ in 1961.
Jammu
Jammu, like Mumbai, also hosts both IIM and IIT. Notably, both these institutions were founded in 2016. IIM Jammu, with an NIRF Ranking of 41 in the management category as per the 2023 list, is the youngest Indian Institute of Management. The total number of students who were admitted for the Masters of Business Administration (MBA) programme for the year 2019 was 240.
Speaking of IIT Jammu, the academic institution followed the curriculum of IIT Delhi till the 2018 batch. However, the students admitted to the BTech program in 2019 and onward were taught as per the IIT Jammu curriculum. NIRF Engineering College rankings in 2023 had IIT Jammu at the 67th spot in the ‘Engineering’ category.
Indore
IIM Indore was founded in 1996. Its first batch admitted 37 students. This institution was also crowned with the title of ‘Institute of National Importance’ in 2017. IIM-I is ranked at the 8th position in the list of top management schools in the country. IIT Indore was established in the year 2009. One of the eight new IITs, established by the Ministry of Human Resource Development, Government of India, IIT Indore appeared at the 28th spot in the overall NIRF rankings 2023.
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