History
IISWBM was set up in collaboration with the Government of West Bengal, the University of Calcutta and the business community of West Bengal to promote management education. The MBA, MHRM and MPSM courses are affiliated to the University of Calcutta; the MBA program has been affiliated to the university for more than 50 years. This prestigious institute once served as a mentoring institute for the much-reputed IIM C (Indian Institute of Management, Calcutta).
On July 5, 1954, Dr. Bidhan Chandra Roy, chief minister of West Bengal and founder–president of the institute inaugurated the first business management course in India. Dr. Jehangir Gandhy, chairman, All India Board of Technical Studies in Management, Union Ministry of Education, who could not be present at the inaugural ceremony sent a message saying "I am glad that the All India Institute of Social Welfare and Business Management is inaugurating today Business Management Course for the first time in India for the benefit of Junior Business Executives".
The institute celebrated its Golden Jubilee in 2003 and the Government of India released a commemorative stamp of IISWBM for the event. To date, no other management institute in India has been accorded this honour.
IISWBM is in the exciting and prestigious academic ambiance of College Square where the University of Calcutta, Presidency College, Calcutta Medical College and the All India Institute of Hygiene and Public Health are also located. The School of Tropical Medicine is a distance from the institute site. The institute building has two blocks. The foundation stone of one was laid by Pandit Jawaharlal Nehru, the first prime minister of India and the other by Dr. B. C. Roy, the famous chief minister of West Bengal. Created in response to a strongly felt need of independent India, IISWBM had as its midwives the Ministry of Scientific and Cultural Affairs, Government of India, All India Board of Technical Studies in Management, Ministry of Education, Government of West Bengal, Bengal National Chamber of Commerce and Industry and personalities like Sir Biren Mukherjee, Srimati Renuka Ray, Professor D. K. Sanyal, Lala Lakhsmipat Singhania and many others.
Since 1958 the institute has been run by a Board of Governors which includes, among others, the vice chancellor and the pro-vice chancellor (Finance), University of Calcutta, principal secretary, Department of Education, Government of West Bengal, representatives from four chambers of commerce, the Ministry of Human Resource Development, Government of India and the All India Council of Technical Education as members. Dr. B. C. Roy was the first president of the Board of Governors. He was succeeded by Shri P. C. Sen who also succeeded him as the chief minister of the state. Currently, Dr. Pratap Chandra Chunder, eminent educationist and a former Minister of Education, Government of India is the president of the Board of Governors.
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