IIM-Nagpur achieves fastest revenue growth among many IIMs in 5 years
Nagpur: IIM-Nagpur's revenue growth reached a staggering Rs 140 crore from all MBA programmes as well as research and consultancy at its campus in Mihan-SEZ and Pune. IIM-N Director Bhimaraya Metri highlighted the institute's remarkable progress, stating that over the past five years, IIM Nagpur witnessed a 40.82% revenue growth rate and a 453.8% rise in net worth while presenting his report during the 9th Convocation on Sunday.
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"Initially, IIM Nagpur was receiving a Rs 3 crore grant from the central govt while it earned just around Rs 21 crore, making for around Rs 25 crore revenue per year," he told TOI. The MBA programme helped the institute earn Rs 57 crore, while another Rs 5 crore came from the executive MBA for working professionals and Rs 40 crore from executive education. "The rest of the money came from research and consultancy. This is fastest growth among 15 other IIMs started after the year 2000," Metri said.The MBA programme is designed to develop future business leaders equipped to navigate the global business landscape, he said. IIM Nagpur's executive education is transforming professional learning in India with advanced facilities and a dynamic academic environment, he added. The executive education started in 2021. "Today, IIM-N is established as one of the leading management institutes in executive education," he said.The funds will be utilised towards campus development works such as a smart campus, IT infrastructure, faculty salaries, and InFed, apart from Pune campus works. "The govt monetary aid stopped five years ago," he said.Metri stated that IIM-Nagpur's executive education is ranked 7th among all IIMs and among the top 10
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"IIM-Nagpur is also the fastest-growing among IIMs in terms of CAGR network," he said. Bigger IIMs took five to six years to even start executive education, he said. The appointment of senior faculty members is being held as one of the main reasons for the phenomenal growth. "We reversed the triangle by appointing more professors instead of assistant professors. Senior faculty is ready to contribute from day one.
Assistant professors take a long time to learn and deliver," he said.Director's Report* Financial year 2024-25 was milestone for IIM Nagpur, completing 12 post graduate certificate programmes and launching 17 more* Initiatives expanded its professional network, adding 848 new alumni and supporting 1,102 active learners across sectors* Total executive education alumni are 2,438* IIM Nagpur conducted 41 management development programmes (MDPs) for 1,572 professionals* Eight nurturing future leadership programmes were sponsored by the ministry of education * There were 388 participants, reinforcing academic leadership and institutional excellence* IIM Nagpur strengthened executive education with 17 post-graduate certificate programmes, including the 8th batch of the senior management programme* IIM Nagpur has signed strategic MoUs with top organisations like SAIL, WCL, NLC India, Novo Nordisk, Lupin, YASHADA, and the National Institute of Fire and Safety Engineering* In the NIRF Ranking 2024, IIM Nagpur rose to 31st nationwide and 16th among all IIMsNagpur: IIM-Nagpur's revenue growth reached a staggering Rs 140 crore from all MBA programmes as well as research and consultancy at its campus in Mihan-SEZ and Pune. IIM-N Director Bhimaraya Metri highlighted the institute's remarkable progress, stating that over the past five years, IIM Nagpur witnessed a 40.82% revenue growth rate and a 453.8% rise in net worth while presenting his report during the 9th Convocation on Sunday."Initially, IIM Nagpur was receiving a Rs 3 crore grant from the central govt while it earned just around Rs 21 crore, making for around Rs 25 crore revenue per year," he told TOI. The MBA programme helped the institute earn Rs 57 crore, while another Rs 5 crore came from the executive MBA for working professionals and Rs 40 crore from executive education. "The rest of the money came from research and consultancy. This is fastest growth among 15 other IIMs started after the year 2000," Metri said.The MBA programme is designed to develop future business leaders equipped to navigate the global business landscape, he said. IIM Nagpur's executive education is transforming professional learning in India with advanced facilities and a dynamic academic environment, he added. The executive education started in 2021. "Today, IIM-N is established as one of the leading management institutes in executive education," he said.The funds will be utilised towards campus development works such as a smart campus, IT infrastructure, faculty salaries, and InFed, apart from Pune campus works. "The govt monetary aid stopped five years ago," he said.Metri stated that IIM-Nagpur's executive education is ranked 7th among all IIMs and among the top 10 B-schools in India. "IIM-Nagpur is also the fastest-growing among IIMs in terms of CAGR network," he said. Bigger IIMs took five to six years to even start executive education, he said. The appointment of senior faculty members is being held as one of the main reasons for the phenomenal growth. "We reversed the triangle by appointing more professors instead of assistant professors. Senior faculty is ready to contribute from day one. Assistant professors take a long time to learn and deliver," he said.Director's Report* Financial year 2024-25 was milestone for IIM Nagpur, completing 12 post graduate certificate programmes and launching 17 more* Initiatives expanded its professional network, adding 848 new alumni and supporting 1,102 active learners across sectors* Total executive education alumni are 2,438* IIM Nagpur conducted 41 management development programmes (MDPs) for 1,572 professionals* Eight nurturing future leadership programmes were sponsored by the ministry of education * There were 388 participants, reinforcing academic leadership and institutional excellence* IIM Nagpur strengthened executive education with 17 post-graduate certificate programmes, including the 8th batch of the senior management programme* IIM Nagpur has signed strategic MoUs with top organisations like SAIL, WCL, NLC India, Novo Nordisk, Lupin, YASHADA, and the National Institute of Fire and Safety Engineering* In the NIRF Ranking 2024, IIM Nagpur rose to 31st nationwide and 16th among all IIMs
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