About Us

Established in 1970 as a not-for-profit society, the Institute for Financial Management & Research (IFMR) is a research-driven educational institution whose values are strongly set in integrity, innovation and thought-leadership.

IFMR is guided by an eminent Board of Governors comprised of senior leaders from major corporations and respected academicians. The Board is headed by Padma Bhushan Mr N. Vaghul, ex-Chairman, ICICI Bank, and also includes Padma Bhushan Prof.T.N.Srinivasan, Emeritus Samuel C.Park, Jr.Professor of Economics at Yale University, who served as a special advisor to the World Bank.

The institute is one of where greater learning, advancement in theory and practice in Finance and Management take precedence. IFMR offers a mix of theory with simulated real life scenarios to shape global business practices through inventive, sharp thinking and cutting-edge research. IFMR currently offers Post-graduate and undergraduate management, Ph.D as well as MA (Economics) programmes as well as corporate training programmes….

Over a period of 47 years, IFMR has been working in the areas of management, development, economics and public policy through its carefully built research eco-system. While initially envisaged as a researched and training institute, IFMR matured into a full-fledged business school in 2000. IFMR is fortunate to have pre-eminent faculty members, most of whom have Ph.Ds from well-known institutions in India and the United States. They have worked and consulted with both national and international organisations.

Also, IFMR has strengthened its research functions with specific centers setup with mandates for research in niche areas. Within the IFMR eco-system lay a number of distinct but co-dependent think-tanks namely IFMR Lead, Centre for Digital Financial Inclusion (CDFI), CATALYST and Abdul Latif Jameel Poverty Action Lab (J-PAL South Asia). The think-tanks synergize with the regular educational institutions within IFMR to achieve the common goal of furthering research, innovation and development. This thought-leadership that is organically developed within IFMR makes it one of the pioneers in delivering high quality management education in the country especially in contributing towards the trained human resource needs within the government, industry, NGOs and the civil society.


IFMR has recently inaugurated a sprawling 40 acre campus in Sri City near Chennai. Located in a manufacturing hub comprising some of the world’s leading companies, the campus provides students and faculty with world class infrastructure and outstanding opportunities for collaboration with industry.

  • Institution of Importance across India by the Government of India (Ministry of Finance – under IT Act section 10(23)(c)(iv))
  • As a Scientific and Industrial Research Organization (SIRO) by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India.

One of India’s top-rated B-schools, IFMR is a non-profit organization guided by a Board of Governors, comprising leaders of major corporations in India. The Finance Secretary, Government of Tamil Nadu, and the Vice Chancellor of the University of Madras are ex-official board members.

“The dream is to invest in quality students and produce jewels. Over a period of time, we will create this reputation.The people who walk out of this institute will be the people who create an intellectual revolution in the country. This will certainly transform it in to reality.”

Excerpt from a speech by Mr. N. Vaghul Former Chairman, ICICI Bank Ltd.


Work. Play. Research. Equip. Innovate. Question. Inquire. Debate. Investigate.

Post Graduate Diploma in Management (PGDM)

Post Graduate Diploma in Management (PGDM) is the flagship programme of IFMR Business School.

IFMR’s full-time PGDM programme provides quality management education with a strong foundation in Finance. This intensive 2-year AICTE approved programme is now into its 16th year, and has clearly met the expectations of its various stake-holders.


The objective of the Ph.D programme at IFMR is to train young scholars so as to enable them to make a difference in academic research and in the corporate sector.

The Ph.D programme at IFMR is a highly rigorous one with focus on various research areas like asset pricing, derivatives, corporate governance, development economics, macro economics, financial reporting, international Financial reporting standards and so on.


IFMR has recently received the letter of intent from the Andhra Pradesh State government for a Private University. The University will house two schools viz., School of Management and School of Social Sciences.

With its strong eco-system, extensive infrastructure, experience in diversified field projects numbering more than hundred, rich data sets, practical caselets and live internship opportunities – IFMR offers Post-Graduate programs in Social Sciences as well as Post-Graduate and Under-Graduate Programs in Management. IFMR’s courses will have strong conceptual orientation and practical exposure with field based components.

The courses will be conducted at the sprawling 40 acre campus in Sri City near Tada, 70km north of Chennai. Located in a manufacturing hub comprising some of the world’s leading companies, the campus provides students and faculty with world class

infrastructure and outstanding opportunities for collaboration with industry. IFMR is also known for its cutting-edge training for company executives in terms of short term and long term MDP Programmes. The faculty members of IFMR are highly preeminent; most of them have PhD from well-known national and international universities and have worked and consulted with large organizations.

Recognizing IFMR’s service to the community since 1970, it was awarded as the Best Institute Serving Social Cause-CSR by ASSOCHAM. IFMR also bagged the 2016 MMA Award for Managerial Excellence and also bagged the IMC Gold award in the 7th Indian Management Conclave at IIM-Ahmedabad for IFMR’s Institutional Leadership Efforts in Strengthening the IFMR Research Eco-system.



IFMR LEAD is a non-profit research organization conducting high-quality policy-oriented and action-oriented research in development economics and finance. It is dedicated to leveraging evidence-based research to further sustainable development in India and other low-to-middle income countries.


The CDFI is housed within the Institute for Financial Management and Research, IFMR, which is a not for profit Society registered under the Societies Registration Act 1860. The Centre is headed by an Executive Director.


Inclusive Cashless Payment Partnership, housed in IFMR LEAD, is an initiative seeded by an alliance between the Government of India & USAID, to to significantly expand and accelerate the use of digital payments by low income consumers and merchants across India.


J-PAL South Asia is based at the Institute for Financial Management and Research (IFMR) in Chennai. It was established in 2007, with generous support from the Mulago Foundation, to manage J-PAL’s growing partnerships in India, Pakistan, Nepal, Bangladesh, and Sri Lanka.

IFMR’s Collaborations Include

IFMR’s Collaborations Include

Harvard University

Massachusetts Institute of Technology

Bill & Melinda Gates Foundation

Indian Institute of Technology Madras

Indian Statistical Institute

The World Bank