What Are the Indian Institutes of Management (IIMs)? The Indian Institutes of Management (IIMs) are a group of premier autonomous public business schools in India, established by the Government of India to provide world-class management education and produce visionary leaders. 1. Founding Vision Conceived in 1961, the IIMs were created to meet India’s need for competent managers and strategic thinkers. Inspired by global standards but rooted in Indian ethos. 2. Number of IIMs Currently, there ar