Indian Institute of Management Bangalore (IIMB) is a public business school located in Bangalore, Karnataka, India. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad.
It offers Post Graduate, Doctoral and executive training programmes. The Post Graduate Programme in Management (PGP), a two-year, full-time residential MBA programme is IIMB's flagship programme. In addition to its main academic programmes, IIMB is also engaged in facilitating research, offering consultant services, conducting seminars and academic conferences and publishing journals.
In 1972, a committee headed by Ravi J. Matthai, seeing the rising demand for graduates of the first two IIMs namely IIM Calcutta and IIM Ahmedabad, recommended the need to have two more IIMs. While the first two IIMs were oriented towards the private sector, it was decided that the new institution shall be oriented towards public sector to cater to its growing needs of management graduates. The Institute at Bangalore was consequently set up next year, designed to cater exclusively to the needs of Public Sector enterprises. For the proposed institute, the Government of Karnataka offered 100 acres (40 ha) of land free of cost and a contribution of ₹3 million (US$46,000). T. A. Pai and N. S. Ramaswamy were appointed as chairman and director respectively. The institute was inaugurated by Indira Gandhi, the then Prime Minister of India, on 28 October 1973. The institute was started in St. Joseph's College of Commerce, and some other buildings, which were rented. The new institute came up at Bannerghatta Road in South Bangalore.
The motto derived from Sanskritतेजस्वि नावधीतमस्तु (pronounced as tejasvi nāvadhītamastu) is an extract from the Shanti Mantra recited in Taittiriya Upanishad, Katha Upanishad, Mandukya Upanishad and Shvetashvatara Upanishad. The motto translates to May our study be vigorous and effective. IIMB’s mission is to "build leaders through holistic, transformative and innovative education."
IIM Bangalore awards diplomas instead of degrees. IIMs have not been set up as universities through an act of Parliament but as charitable societies. IIMs lack regular peer-based academic review of their departments/areas, an oversight proposed to be corrected by legislation governing all 13 IIMs after the Ministry of Human Resource Development rejected IIMB's plan to award degrees. IIM Bangalore currently offers the following long-duration post-graduate programmes:
- Post-Graduate Programme in Management (PGP): Two-year full-time residential programme, leading up to Post Graduate Diploma in Management (PGDM) is the flagship programme of IIM Bangalore. The first step in admission to the PGP is through the Common Admission Test (CAT) which is followed by a written round and an interview.RTI revealed that the minimum CAT cut-off for PGP was 90 percentile for 2015-16.
- Fellow Programme in Management (FPM): The fellow programme is the doctoral programme started in 1976 to encourage academic research. The Financial Times has ranked IIMB's doctoral program in the Top 50 globally.
- Post Graduate Programme in Enterprise Management (PGPEM): A part-time two-year Post Graduate Programme that targets executives from all sectors of business, providing general management education to middle and senior management professionals.
- Executive Post Graduate Programme in Management (EPGP): One-year full-time residential post graduate diploma programme aimed primarily at candidates with 4 to 12 years of work experience. The first step in admission to the EPGP is through the Graduate Management Admission Test (GMAT) followed by work experience based shortlisting and a personal interview.
- Post Graduate Programme in Public Policy Management (PGPPM): Initiated by the Government of India and United Nations Development Programme for senior professionals from the Government administration to enable them to make future policy decisions.
- Post Graduate Programme in Aerospace and Aviation Management: IIMB signed an agreement with Toulouse Business School in March 2014 to set up country's first Executive General Management Programme in Aerospace and Aviation Management. Airbus, one of the world's leading aircraft manufacturers is sponsoring the part-time programme.
Further, the Executive Education Programme (EEP) caters to a wide variety of organizations in government, the public and private sectors and non-governmental organizations, with open and customized programmes ranging from two days to one year. The International Masters Program in Practicing Management (IMPM), an international collaborative executive education program jointly offered by IIMB with INSEAD, McGill University, Lancaster University and a consortium of Japanese universities is globally recognized as a major innovation in executive education. The N.S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) at IIMB also offers courses for entrepreneurs and owners of family businesses.
Worldwide, the Financial Times has ranked IIM Bangalore #19 in its Masters in Management Ranking 2016 and #49 in its Global MBA Ranking 2017. The QS Global 250 MBA Rankings 2018 ranked it 58 in the world and 9 in Asia, Australia and New Zealand. The QS Global 100 EMBA Rankings by Region 2017 ranked it 14 in the Asia-Pacific region.
In India, IIMB was ranked second among management schools by the National Institutional Ranking Framework in 2017 and 25 overall. It was also ranked third by Business Today's "India's best B-schools 2016".
IIM Bangalore successfully mentored IIM Trichy when it was established in 2011. Currently it mentors IIM Visakhapatnam from its establishment in 2015. IIM Visakhapatnam operates from temporary campus inside Andhra University. It follows similar PGP program with faculty coming from IIM Bangalore.
The current campus located at Bannerghatta Road in Bengaluru was designed by architect B. V. Doshi and was completed in 1983. The campus occupying an area of over 100-acres is located in South Bangalore. IIMB is known for its unique all-stone architecture and lush woods.
The academic blocks were designed by Stein, Doshi & Balla architects led by B. V. Doshi and were completed by 1983. A few blocks were added later owing to the increase in the number of students being enrolled. Currently, there are blocks lettered from A to P where classes, faculty offices and other administrative entities are located. The classes are fully air conditioned with state of art facilities.
The library is housed in a 55,000 square feet complex consisting of four floors. This fully automated state of art facility consists of about 235,000 documents and books apart from 85,000 journals are available for reference. The library also subscribes to 27 newspapers and more than 200 newsletters.
Hostels and Sports Centre
IIMB consists of 16 hostel blocks apart from one executive block and the executive accommodation at the Management Development Centre. The hostel consists of 16 blocks named from A to P. IIMB has separate facilities for soccer, cricket, tennis, basketball, volleyball, badminton, table tennis and pool. An integrated indoor sports complex with a swimming pool is under construction.
The Auditorium is situated within the academic blocks. It has a seating capacity of 500 people and plays host to various events, functions and guest lectures held at the institute.
The institute has a 24-hour Internet connectivity with 600+ PCs and workstations. The campus is also fully WiFi enabled.
Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) was set up in 2002 to aid the entrepreneurial activities at IIMB. The centre acts an incubator for new business ideas.
There are several student-run clubs and societies at IIM Bangalore. The student bodies are divided into clubs, mini clubs, chapters and societies are managed by the students themselves and are governed by the Student Affairs Council. The following are the list of clubs and societies.
Students Affairs Council
It is the apex body which controls all the aspects of student life including other clubs and societies.
The Academic Council is an elected body that facilitates the management of the academic system at IIM Bangalore. The Council acts as the interface between students and faculty and is also responsible for course bidding process.
More than 100 companies across the globe visit the campus every year for summers and final placements. The placement processes are governed by the Career Development Services and facilitated by the Placement Committee.
IIM Bangalore has an extensive network of partner B-schools worldwide through which it conducts student exchange programmes. Students of the flagship MBA program can go an exchange programme during the 5th term of the course. More than a hundred students from IIM Bangalore leave for foreign institutes and an equivalent number from various B-schools arrive in Bangalore.
Doctoral exchange is also available with schools such as National University of Singapore, University of Cologne and schools in the United States. Scholarships are provided by partner schools or by government grants such as German Academic Exchange Service.
IIMB celebrates the Foundation Day on October 28.
Main article: Eximius
Eximius is the annual entrepreneurship summit organized by IIM Bangalore. The three-day event focuses on entrepreneurship and generation of new business ideas. The event has hosted several eminent speakers including Shashi Tharoor, Kiran Mazumdar Shaw, Piyush Pandey, Mallika Sarabhai, Kris Gopalakrishnan, Kiran Bedi, Rashmi Bansal, Shaheen Mistri, Harish Hande, D R Mehta among others.
Main article: Unmaad
Unmaad is the flagship annual cultural festival of IIM Bangalore. The three-day event draws participants from across India. Unmaad features drama and music performances, dances, quizzes, debates, street plays, professional concerts and a fashion show. The event has hosted performances by artists including Farhan Akhtar, Shankar Ehsaan Loy, KK, Kailash Kher, Lucky Ali, Strings, Jethro Tull, Indian Ocean.
Main article: Vista(IIMB Fest)
Vista is an annual, international business summit hosted by IIM Bangalore. The three-day summit brings together leaders from the fields of marketing, finance, operations, human resources, consulting and social work. The platform lets students learn from business professionals through events, competitions and case studies. The event also incorporates guest speaker sessions. Previous speakers include Devi Shetty, Mukesh Ambani, Prahlad Kakkar, Kumar Mangalam Birla, Kamal Haasan, Kiran Mazumdar Shaw, Gurucharan Das, Justice Santosh Hegde, Arun Shourie, Gul Panag, M J Akbar, Nandita Das, Narain Karthikeyan and Shobhaa De.
Main article: Yamini (music festival)
Yamini is a music festival in Bangalore, organized by Society for the Promotion of Indian Classical Music And Culture Amongst Youth (SPICMACAY) and hosted at IIMB.
Research in IIM Bangalore is performed in research centres focusing on different aspects of managements. These include the ERP Research Centre, Centre for Insurance Research and Education, N S Raghavan Centre for Entrepreneurial Learning, Centre for Public Policy, Centre for Software & Information Technology Management, Centre for Development of Cases and Teaching Aids, Centre for Corporate Governance and Citizenship Centre for Capital Market & Risk Management, Centre for Financial Markets and Institutions and the Supply Chain Management Centre.
Past and present faculty at IIM Bangalore include many prominent scholars who have gone on to become pioneers in their fields. Notable of them include:
- J Ramachandran, Chartered accountant, first Bain fellow in India and rated one of the best b-school professors in India
- Mendu Rammohan Rao, Former Director of IIM Bangalore and Dean Emeritus of Indian School of Business
- Prakash Apte, former Director of IIM Bangalore and UTI Chair in Capital Market Studies
- R Narayanaswamy, Chartered accountant, Visiting Professor at Manchester Business School and Osaka University and rated one of the best b-school professors in India
- Rajeev Gowda, Spokesperson for the Indian National Congress and former Chairperson of the Centre for Public Policy
- Ravi Neelakantan, Senior Fellow at Centre for Public Policy, IFS Officer and former diplomat
- Trilochan Sastry, Former Dean (Academic) and visiting professor at International University of Japan, Hong Kong University of Science and Technology and Indian School of Business
- N. S. Ramaswamy, Founder director of IIMB and Padma Bhushan recipient
Main article: List of IIM Bangalore alumni
IIM Bangalore has a strong alumni network with its alumni taking over many prestigious positions across the world. IIMB Alumni Association (IIMBAA) manages interactions with the Alumni network and keeps them engaged with the business school. Anusmaran, a yearly event conducted across multiple cities in the world serves as a rendezvous. Some of the prominent alumni include academicians such as Aswath Damodaran and Raghavendra Rau, author Karan Bajaj and film maker Nila Madhab Panda. K. Radhakrishnan, Chairman of ISRO and business executives like Ravi Subramanian and Sameer Suneja were also IIMB graduates.
In popular culture
The campus was the site for the shooting of the Bollywood film 3 Idiots directed by Rajkumar Hiranii and starring Aamir Khan, Kareena Kapoor, Boman Irani, R. Madhavan and Sharman Joshi. The film is loosely based on the famous novel Five Point Someone by Indian writer Chetan Bhagat.
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The Indian Institute of Management Lucknow (abbreviated IIM Lucknow or IIM-L) is an autonomous public business school in Lucknow, Uttar Pradesh, India. It was established in 1984 as the fourth Indian Institute of Management (IIM) by the Government of India. IIM Lucknow offers post-graduate diploma, fellowship and executive programs in management. It is recognised as an "Institution of Excellence" by India's Ministry of Human Resource Development. IIM Lucknow also serves as the mentor institution for the newly established IIM Rohtak and IIM Kashipur.
The institute is on a 200-acre site in the northern outskirts of Lucknow. It has a second campus at Noida exclusively for executive education. The admission for the post graduate and fellowship programmes is done through Common Admission Test (CAT), while GMAT score is used for the executive MBA program. The programs are accredited by the global accreditation body AMBA. The institute has tie-ups with 24 leading B-schools across the world for student exchange. Many management, competitions, cultural, and sports events are organised by committees throughout the year.
IIM Lucknow was established in 1984 and is currently a centrally funded institution. It is the fourth Indian Institute of Management to be established in India (after IIM Calcutta, IIM Ahmedabad, and IIM Bangalore). Noted academician Ishwar Dayal played a significant role in setting up the institution; he served as the founding director of IIM Lucknow for four years. Industrialist Hari Shankar Singhania, who took over as the chairman of Board of Governors in 1992, served until 2007.
The Post Graduate Programme (PGP) was started in 1985–86 with 30 students. When the institute was established, classes were held in rented rooms at Butler Palace and subsequently moved to Giri Institute of Developmental Studies. The current campus was built in 1992 in the outskirts of Lucknow.
The institute runs with the mission to help improve management systems with regard to business, industry and public services through pursuit of excellence in management education, research, consultancy and training.
Links were made with three foreign universities in 2001 to start the student exchange program. The Agribusiness Course was started in 2004 with 13 students.
In 2005, IIM Lucknow established a second campus at Noida leveraging its proximity to Delhi. The Noida campus was established exclusively for executive education. IIM Lucknow is the first IIM in the country to start an additional campus.
IIM Lucknow main campus spans 200 acres (81 ha) and is in Prabandh Nagar on the outskirts of Lucknow, Uttar Pradesh, India. It is at 21 kilometres (13 mi) from Lucknow railway station and 31 kilometres (19 mi) from Lucknow Airport. IIM Lucknow also has a city office at Aliganj.
IIM-Lucknow’s Noida Campus is spread over 20 acres in Sector-62, NOIDA.
The academic buildings are constructed in medieval Indian architectural style with red brick wall texture. All the major buildings in the campus are named in Sanskrit symbolising the activities conducted in them. The academic blocks (Bodhigrih-I and II) houses classrooms and seminar halls. The Faculty block (Chintan) houses faculty rooms and Fellowship classrooms. The Library (Gyanodaya) spanning 30,000 sq ft has five reading halls with a seating capacity for 250 people. The library houses a collection of 40,000 books, 500 periodicals and online subscription to 1600 e-journals and 34 e-databases. The library building houses the computer centre, audio visual lab, Enterprise Resource Planning lab and a videoconferencing hall. The 15,000 sq ft computer centre has a fibre optic backbone network and provides wireless connectivity to all the buildings in the campus.
The Management Development Block (Manthan) catering to the short-term executive programs has exclusive library, computer centre and guest house (Patanjali) for participants. The Centre for Food and Agribusiness Management undertakes agribusiness research and consultancy projects and offers the Agribusiness Management course. The institute has an incubation centre (Abhiyan) for supporting the entrepreneurial plans of its students and alumni.
Fully residential, the institute provides housing to its students, faculty and research scholars.
While the campus has separate sports fields for football, cricket, basketball, volleyball, tennis, and badminton, most of the hostels have their own table tennis and badminton courts. A fitness and recreation centre (Umang) was set up in 2010, which houses a gymnasium, swimming pool, squash, and billiards. The multipurpose utility hall (Samanjasya) hosts most of the cultural activities on the campus.
The campus has a health centre with residential and visiting doctors available around the clock. The centre has an ambulance to reach associated hospitals.
The two guest houses Chanakya and Patanjali have 128 serviced rooms. The campus has a student activities complex with two banks, a medical shop, a travel agency, a supermarket, a post office, a saloon, a coffee shop, an ice cream parlour, and three restaurants. A Central school (Kendriya Vidyalaya) was established opposite the campus as a community school.
Tree plantation campaign is undertaken every year on the foundation day and the campus, which was started in barren lands, has been converted into an ecosystem consisting of peacocks, monitor lizards, snakes, porcupines, monkeys, Great Indian horned owl and other birds. The main campus consists of open lawns and tree lined pathways.Rediff listed IIM Lucknow as one of the beautiful B-school campuses in India.
IIM Lucknow is an autonomous institution established as a registered society under the Union Ministry of Human Resource Development, Govt. of India. The IIM Council acts as an overseeing body to facilitate coordination among the IIMs.
The Board of Governors of IIM Lucknow is chaired by Jamshed J. Irani, the former managing director of Tata Steel. The board consists of 10 industrialists, four Government representatives and three academicians in addition to the director and two deans of the institution.
The director of IIM Lucknow, the head of the institution, is selected and appointed by the Appointments Committee of the Cabinet of Ministry of Human Resource Development. The institute has three separate deans for academic affairs, planning and development, and Noida campus. Each of the academic programmes is overseen by a faculty chairperson.
The non-academic functions such as Placements, Corporate and Media Relations, Alumni affairs, Admissions and Student affairs are chaired by faculty and assisted by student committees. Office administration is carried out without the involvement of faculty and is headed by the Chief Administrative Officer. The elected body of the students' council coordinates student activities in the campus.
Controversy on director appointments
MHRD issued a letter in September 2014 (DO 4/4/2013-TS.V)) addressed to Jamshed J Irani, chairman, board of governors, IIM-L. It reads: "Competent authority have directed to assign additional charge of director IIM-L to Prof Srivastava for a period of six months with effect from 09-09-2014 or till appointment of regular director or until further order, whichever is earliest."
The institute did not execute the order and incumbent director Devi Singh who completed his six months of extension period, on September 8 did not leave office even after receiving the letter. As a result, there was confusion at IIM-L campus for almost a week. The allegations against Devi Singh, who served two term as director of IIM-L, ranges from nepotism to mismanagement of accounts. The Central Vigilance Commission also asked the HRD ministry to 're investigate' allegations of corruption against Devi Singh.
In a letter to the higher education secretary, CVC secretary KS Ramasubban has asked the ministry as to why the case against Singh is being closed when specific allegations have not been answered. The CVC has taken exception to the fact that the case is being closed on the basis of an "emotional reply" by Singh. CVC sources said the ministry had taken Singh's reply as final. "Without investigation how can general comments be taken as the final word?" a CVC official asked. CVC sources also said that the institute's Board of Governors had rejected allegations against Singh. "This is not how an investigation is conducted," the CVC official said, adding that the HRD ministry was to be blamed for not following the procedure.
IIM Lucknow conducts regular two-year diploma program in management, one-year executive MBA program, fellowship program and short-term MDP programs. The management programmes of IIM Lucknow are accredited by London-based AMBA association.
Post graduate education
The Post Graduate Programme in Management (PGP), Post Graduate Programme in Agribusiness Management (PGPABM), and Post Graduate Programme in Sustainable Management (PGPSM) are full-time residential diploma courses. These are two-year programs, with the first year stretching from June to March in three ten-week trimesters, after which students undergo a two-month summer internship with a company or organisation. The specialisations offered in the second year are Finance, Marketing, Operations, Human Resources, Systems, Strategy and Economics — while the PGPABM course students specialise in Agribusiness. Course of independent study and dissertation are available based on merit.
As a part of student exchange programs, students spend a three-month term in a foreign university in October to December in their second year. Every year around 50 students of IIM Lucknow are selected for the exchange programs based on merit, while around 30 foreign students come to IIM Lucknow.
IIM Lucknow has student exchange relationships with 24 leading B-schools in Europe, USA, Canada, Singapore, and China. The current partner institutions are ESSEC Business School, Ecole De Management, Jean Moulin University, Reims School of Management, European School of Management, Toulouse Business School, Institute National Des Telecommunications, ESC Bretagne Brest, European Business School, Leipzig School of Management, George Mason University, University of Connecticut, McMaster University, Brock University, Carleton University, Louvain Catholic University, Copenhagen Business School, ESADE Business School, Jonkoping International Business School, University of St. Gallen, Bocconi University, MIP Politecnico di Milano,Athens University of Economics and Business, National University of Singapore, Turku School of Economics, University of Amsterdam, Beijing Jiaotong University.
The Dual Degree Program, offered in association with the ESCP Europe business school in France, awards degrees from both institutes after students spend a year in each. About four or five students are selected each year for the program. Students, after completing two trimesters (July–September and October–December) at IIM Lucknow, spend two semesters (January–May and September–December) at ESCP Europe's Paris campus and return to IIM Lucknow to complete the final term from January to March.
The courses are taught under 11 diverse disciplines of Business Environment, Communication, Decision Sciences, Finance and Accounting, Marketing, Human Resource Management, Operations Management, Information Technology and Systems, Strategic Management, Agribusiness Management and Legal Management. Students are trained in management using lectures, case studies, projects, workshops, management games and roleplays under a rigorous syllabus. They are evaluated based on examinations, projects, quizzes, presentations, and class participation under a relative grading system. Academic learning is supplemented by live projects, management competitions, guest lectures, and interactions with alumni and industry leaders organised by committees. Students get a chance to provide consultancy to companies and get paid.
Post Graduate Programme for Executives
The International Programme in Management for Executives (IPMX) is a one-year, full-time MBA programme for executives, offered at IIM Lucknow's Noida campus. It only admits candidates with a minimum of five years professional experience. The course consists of four 10-week terms including a two- to three-week stint at a partner university.
The Post Graduate Programme in Management for Working Executives(PGPM-WE), also called Working Managers Programme (WMP), offered at the Noida campus, is an executive MBA programme designed for working executives having a minimum of three years professional experience. It consists of seven terms that stretches for 21 months. It has an International Module also initiated from 2017, students will visit one of the top university in Europe as a part of this exchange program, they will have a 1 credit subject being taught there.
Management Development Programmes (MDP) are tailor made programs to train executives in specific industry, government, and non-governmental organisations. These programs, which typically last three to five days, are customised by subject or target group. Around 50 to 60 programs are conducted every year. A one-year General Management program is offered through virtual classroom. As a combined initiative with the Ministry of Defence, a six-month General Management Programme is conducted for Defence officers to assist their career transition to the corporate sector.
Fellow Programme in Management (FPM) is a four-year Doctoral programme in Management started in 2000. Candidates with master's degrees or Engineering undergraduate degrees are eligible for admission. While the mandatory course work is undertaken in the first year and specialisation in the second year, the research thesis starts in the beginning of third year after a comprehensive examination. Students who have completed PGDM from any of the IIMs are admitted directly to the second year. The specialisations offered are Decision Sciences, Economics, Finance and Accounting, Human Resources Management, Information Technology and Systems, Marketing Management, Operations Management and Strategic Management. The institute does not charge tuition fees for fellowship program in addition to providing free hostel facility.
IIM Lucknow was ranked fifth among management schools in India by the National Institutional Ranking Framework in 2017 and 51 overall.
Admission to the post graduate programs and fellowship program is done through the Common Admission Test (CAT), which is jointly conducted by the IIMs in the month of November every year. Applications are shortlisted based on CAT scores, scholastic achievement and work experience. The weightage given for each of these components varies each year. The candidates are called for group discussions and personal interviews, conducted in cities in India in the months of February and March. The final selection is based upon the performance in CAT, scholastic achievement, work experience, performance in group discussion, and personal interview. Admissions to the IPMX program are done based on GMAT score, work profile and personal interview. Admission to the PGPM-WE(WMP) program are done based on GMAT score or a competitive written examination conducted by IIM Lucknow. The short listed candidates based on GMAT or the written examination go through Writing Ability Test and Personal Interview (WAT & PI) to get final selection.
IIM Lucknow has been involved in many social initiatives in collaboration with NGOs. A separate committee "Bhavishya" was formed to carry out these initiatives. As a part of adult literacy campaign, all the workers and labourers in the campus were taught to read and write. Evening school and career guidance are provided for the underprivileged students of the neighbouring villages. A T20 cricket league tournament called as Harmony Cup is conducted every year with 30 teams involving 250 students. The funds raised from this event is used for social initiatives such as infrastructure development at village schools and orphanages, medical camp, employee welfare and sponsor for education of underprivileged school children.
The institute offers short term MDP programs on environmental management and carbon markets. The Centre of Excellence for Business Sustainability was set up in 2011 that conducts training programs and workshops on business sustainability. The competition Yajna is held in collaboration with many NGOs across India, where students present solutions for issues faced by the NGOs.
The Media and Communication Cell (MCC) serves as a communications liaison between the institute and the external world. This student committee's mission is to ensure that all the student activities and initiatives at IIM Lucknow find quality space in print, electronic and social media. Synapse, a student committee, develops and maintains IT applications for the institute community.
"Manfest-Varchasva" is IIM Lucknow's annual management, sports and cultural festival held in November. The three-day event hosts many management contests, leadership summits, and other inter college quizzes and sports and cultural competitions.INDEX is an annual fair conducted by students at the Colvin Taluqdars' college grounds, attended by the general public of the city. Game stalls are set up at the fair to carry out disguised market research. Samvit, the annual leadership summit of IIM Lucknow witnesses some of the financial leaders and economists of the country with whom students get an opportunity to interact.
"Just Tea" and "Gossip and Bite" are two restaurants in the campus that were started as student ventures and are sold to the next cohort every year. The Entrepreneurship Cell conducts a competition called "Bizness", where all participants are given a seed capital of ₹2000 to run any business in the campus for two days and earn profits. The student committee "Credence Capital" runs a mutual fund, in which other students of the batch can invest. The Mess (Annapoorna) is entirely run and managed by students, with the infrastructure provided by the institute and is contiously ranked best mess among all IIM's.
A classical cultural night "Aarohan" is organised by the IIM Lucknow chapter of SPIC MACAY in the month of August. It showcases live shows of classical arts including carnatic, hindustanic, folk, instrumental and classical Indian dances. The institute's dance club "Random Walk" organises dance workshops regularly and performs stage shows during major festivals. The dramatics club "Abhivyakti" performs stage plays and street plays in Hindi and English. The Intracollege sports event called as Sikander is held throughout the year in a league format. The institute sports team participates in most of the popular college sports meets including the Inter-IIM Meet (Sangharsh) held during January every year.
Udyam, an annual industry-academia interaction summit is held at the Noida campus of IIM Lucknow. This event provides a platform where eminent personalities from corporate world & academia can exchange ideas that are going to shape the future of India Inc.