On 13 January 2003, the Central Government of India declared Narsee Monjee Institute of Management Studies, Mumbai as Deemed-to-be-University under Section 3 of the University Grants Commission (UGC) Act, 1956. The University status was conferred on NMIMS principally on the strength of its contribution to the growth of management education and its influence on Indian economy.
NMIMS was also first B school in India to be accredited by National Assessment and Accreditation Council, (NAAC) in 1999 with the highest rating of 5 star. NAAC reaccredited NMIMS in 2006 with an A grade.
NBA (National Board of Accreditation) also accorded accreditation to NMIMS SBM’s MBA programs in 2013.
NMIMS SBM was also accredited by SAQS (South Asian Quality System) in 2013. SAQS is the quality assurance system developed for South Asian Business Schools by AMDISA in partnership with EFMD (European Federation for management development).
NMIMS SBM is also the recipient of the highest ratings from CRISIL (Credit Rating Information Services of India Limited) and ICRA (Investment Information and Credit Rating Agency of India).
NMIMS SBM is a member of the Association to Advance Collegiate Schools of Business (AACSB International)
Since 1998, when B-School ranking was first undertaken by Business Today (a business magazine) , NMIMS has continued to be ranked in the top B-Schools of India even when the total number of Business Schools has increased from 150 in 1998 to over 4000 in 2014.
NMIMS, School of Business Management: Rankings by different Agencies
NMIMS School of Business Management has been conferred Silver Award for MBA Pharmaceutical Management program, “Making Industry – Institute partnerships work: Lessons from Successful collaborations” at the 6th Indian Management Conclave (IMC) 2015.
In the Eduniversal ranking 2014-15 MBA (Entrepreneurship & Family Business) has been ranked within top 100 – Global ranking.
ABP News National Education Awards 2014 jury conferred NMIMS, School of Business Management ‘Outstanding B-School (west)’ award.
NMIMS, School of Business Management for the second time in a row, won the Global Award for their innovation in Curriculum Design and Pedagogy at the 5th Indian Management Conclave 2014, Conference & Awards held at Delhi. This year the Award is for MBA HR Program. Last year it was for Executive MBA Program.
NMIMS, School of Business Management, received the award for the Best Academic Institute of the Year for contribution in the field of HR awarded by SHRM (Society for Human Resource Management an international body of Human Resource profession) at the Annual HR Conference 2014 at Gurgaon.
NMIMS, School of Business Management was awarded 1st rank of Top B-Schools of Super Excellence and 2nd rank in Overall Rank of Private B-Schools by GHRDC - CSR B-School Survey 2014.