IFMR was established in 1970 jointly by ICICI, the House of Kotharis and other major industrial groups as a non-profit organization. It is guided by a Board of Governors comprising leaders of Indian business.
One of India’s top-rated B-schools, IFMR is recognized as a social science research institute by the Department of Scientific and Industrial Research, Government of India.
IFMR is recognized as `an institution of national importance’ by the Union Ministry of Finance for tax purposes.
IFMR is a recognized institution of the University of Madras for pursuing PhD degrees in Finance and Economics.
IFMR’s post graduate diploma in management (PGDM) programs are approved by AICTE.