After India became independent in 1947, the Planning Commission was entrusted to oversee and direct the development of the nation. India grew rapidly in the 1950s, and in the late 1950s the Commission started facing difficulties in finding suitable managers for the large number of public sector enterprises that were being established in India as a part of its industrial policy. To solve this problem, the Planning Commission in 1959 invited Professor George Robbins of the University of California to help in setting up an all India level institute of management studies. Based on his recommendations, the Indian government decided to set up two elite management institutes, named Indian Institutes of Management.
Indian Institute of Management Calcutta was the first of these IIMs, and was established on 13 November 1961 in collaboration with the MIT Sloan School of Management, the government of West Bengal, the Ford Foundation and the Indian industry. Its first Director was K. T. Chandy, the former Chairman of Hindustan Unilever Limited.
In its initial years, IIM Calcutta operated from Emerald Bower, Barrackpur Trunk Road, Kolkata. The foundation stone of the current IIM-C campus in Joka, Kolkata, was laid by Morarji Desai, who was then the Deputy Prime Minister of India on 15 Dec 1968. The institute moved to the new campus in 1975.
The main campus of IIM Calcutta, covering 135 acres (0.5 km2) of area, is located in Joka, on the outskirts of Kolkata, India. The institute moved to its present campus in 1975. IIM Calcutta is regarded as the B-School which offers the best on-campus living experience amongst Indian B-Schools.
IIM Calcutta’s main Academic Block is situated next to the main administrative building and has four large lecture halls and several additional classrooms. Another academic building named New Teaching Block was opened in 2000 to supplement the main block. All classrooms and lecture halls are air conditioned and have advanced audio-visual and multimedia capabilities. A new Academic Block has also been constructed and was declared open by the Prime Minister of India, Dr. Manmohan Singh in August 2011.
The Auditorium at IIM Calcutta, popularly called the Audi, is considered to be the best among any academic campus in India, and hosts most of the important functions in the campus like the convocation, conferences, student events and talks. The facility seats 750 people and was built at a cost of over ₹90 million (US$1.4 million). It is fully air-conditioned and is equipped with ultra-modern equipment including professional audio and visual systems.
The IIM-C library is named Bidhan Chandra Roy Library or BC Roy Memorial Library, after Bidhan Chandra Roy, the second Chief Ministerof the state of West Bengal and the first Chairman of the institute. The library is primarily envisioned to meet the requirements of the IIM-C’s academic programmes. The largest management library in Asia, it was started with a grant from the Ford Foundation. It houses over 160,000 volumes and also subscribes to hundreds of management journals and provides access to a large collection of electronic databases. The library processes and functions are fully computerized and in addition to print material, it provides access to more than 40,000 online full text journals.
Management Center for Human Values
The Management Center for Human Values (MCHV) is aimed at “integrating the soft and subtle dimension of human values with the mainstream of skill-dominated management education“. Its mission is to integrate the soft and subtle dimension of human values with the mainstream of skill-dominated management education. The center is located in separate buildings in a serene part of the campus, surrounded by beautiful gardens. Its striking conical buildings are architecturally striking from the outside and are designed to be quite sanctums of learning and contemplation on the inside.
Hostels & Accommodation
IIM-C has 4 main hostels for students pursuing its PGDM, PGDCM and Fellow programmes – Ramanujan Hostel (colloquially called Old Hostel), Tagore Hostel & Annexe (collectively called the White Hostel), New Hostel and Lake View Hostel. Students with families are provided separate family accommodation. However, PGP students are provided single boarding accommodation only. Preference is given to FPM & PGPEX students for hostel allotment. There are separate hostels for PGPEX and PGPEX-VLM programmes. Single accommodation for PGPEX students is arranged in Management Development Center(MDC). MDC is managed by Hotel Sarovar and facilities provided are equivalent to 3-star hotel accommodation. Students pursuing other courses are usually provided accommodation in the Tata Hall, the guest house in the campus.
Financial Research and Trading Lab
Established in November 2008, the Financial Research and Trading Lab at IIM Calcutta gives an opportunity to students and faculty members to test financial models with “live” information from the major markets of the world like India’s National Stock Exchange, Multi Commodity Exchange, National Commodity and Derivatives Exchange, Bombay Stock Exchange and Bloomberg. The lab is the only one of its kind in India, and has advanced industry-standard equipment and facilities including 51 trading terminals, trading simulators and Bloomberg Terminals. The lab is aimed to help in academic programmes, research on financial markets, product design and testing, executive education and in organising international and national conferences on finance. The laboratory gives students a hands-on experience in financial market data analysis and modelling, and also helps in advanced applied research in financial markets.
This new residential campus is connected to the existing campus via an innovative steel bridge which was awarded the most innovative steel structure in India in 2010 by the Indian Institute of Steel Research and Development, Ministry of Industries, GOI.
In the main campus a new Academic wing was opened in early 2011 that accommodates amphitheater lecture halls, computer laboratories, incubation areas, faculty offices, class rooms and syndicate rooms on five levels. A new Amphitheater Complex with five large amphitheaters of which two are for 200, 150 and 100 seats respectively shall enhance the teaching capacity of the Institute. These striking structures will enclose the Academic Quadrangle that will become the central focus of the new campus.
The new campus plan and the new buildings are designed by the internationally acclaimed architect Christopher Charles Benninger of Pune, India.