IIM Indore, which came into existence in 1996, was established as the fifth Indian Institute of Management after IIM Calcutta (1961), IIM Ahmedabad (1961), IIM Bangalore (1973) and IIM Lucknow (1984) [REF] .
The institute also offers its two-year full-time (non-residential) Post Graduate Programme in Management (PGP) in Mumbai, from 2012 [REF].