The institutes were set up to groom PSU managers, but their bright graduates had other plans right from the start, and that turned out to be a good thing

The Indian Institutes of Management, along with their siblings, the IITs, are widely regarded as a string of jewels in India’s crown. They’ve helped establish a reputation for Indian managerial prowess globally, with several of their alumni occupying top slots in the world’s leading organisations. And they’ve played a key role in creating a culture of managerial excellence within much of corporate India

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