[6] Noted industrialist Anand Mahindra and HDFC chairman Deepak Parekh had suggested, in 2007, the change in name of NITIE to an IIM, Mumbai.

For several years no step was taken in this direction, but recently, on 31 January 2022, the Ministry of Education (India) has constituted a committee of experts to deliberate on the feasibility of bringing the National Institute of Industrial Engineering (NITIE) Mumbai under IIM Act, 2017.

[10] On July 28, 2023, The Indian Institutes of Management (Amendment) Bill, 2023 was introduced in Lok Sabha by Union education minister Dharmendra Pradhan.

[14][15][16] IIM Mumbai offers post graduate diplomas in various fields of management and industrial engineering.

[21] Despite the Covid-19 pandemic and the resulting economic downturn, IIM Mumbai recorded excellent placements for the batch of 2021.

Around a year, these committees organize various events and programs like Sansmaran – Alumni Meet, Avartan – Flagship Business fest of IIM Mumbai, Mahamandi, Arohan, Panel discussions, Leadership talks, Social Volunteering works, etc.