IBS Mumbai, established in 1995, ranks among the top 5 B-Schools in Mumbai. The institute is approved by the UGC. In 2024, ICFAI Mumbai was ranked 55th in the MBA category by IIRF.
IBS Mumbai Powai offers 2-year PGPM as its flagship program with a total fee of INR 9.09 Lakh. Admission to the program is determined by scores in IBSAT or CAT/XAT/NMAT/GMAT scores followed by micro presentation and personal interview rounds.

According to the placement report of 2025, IBS Mumbai highest package was 20 LPA, and the average package stood at 7.89 LPA. Top recruiters included Capgemini, ICICI Bank, Asian Paints, Tata Capital, Aditya Birla Capital, BlackRock Services, LODHA Group, HDFC Bank.
IBS Mumbai Highlights
| Name | Statistics |
| Establishment Year | 1995 |
| Approved By | UGC |
| Courses Offered | PGPM |
| Entrance Accepted | CAT/NMAT/XAT/GMAT |
| Highest Package | 20 LPA |
| Top Recruiters | Capgemini, ICICI Bank, Asian Paints, Tata Capital, Aditya Birla Capital, BlackRock Services, LODHA Group, HDFC Bank |
| Admission criteria | Bachelors with 50% |
| Official Website | https://ibsindia.org/ |
| Contact Details | [email protected] |
IBS Mumbai Courses & Eligibility
IBS Mumbai Campus offers a 2 years PGPM program. The eligibility criteria along with the selection program of the course is highlighted below.
| Course Name | Eligibility | Selection Process |
| PGPM | Graduation with 50% in 10+2+3 or 10+2+4 pattern | CAT/NMAT/XAT/GMAT or IBSAT + Micro Presentation + PI |
IBS Mumbai Fees
The detailed ICFAI Mumbai fees are available in the table below.
| Course Name | Total Fees (INR) |
| PDGM | 9,09,000 |
IBS Mumbai Admission 2026
IBS Mumbai Powai exclusively offers a PGPM program for aspiring students. To enroll in the program, applicants must have a valid score on one of the entrance tests, i.e., CAT, XAT, NMAT, GMAT, or appear in the IBSAT exam. Candidates with high scores in either of the entrance tests will be called for the micro presentation and personal interview rounds. The final merit list will be based on academic records and performance in both the personal interview and micro presentation.
How to apply?
- Step 1: Visit the official website of ICFAI - https://ibsindia.org/
- Step 2: Register yourself through the website.
- Step 3: A confirmation along with an auto generated application number and password will be sent to the student via SMS or Email.
- Step 4: Login with the credentials.
- Step 5: Enter all the asked details along with IBSAT or any of the national entrance scores.
- Step 6: Submit the form and pay the application fees of INR 1800.
Also Read: IBS Mumbai Course Admission
IBS Mumbai Cutoff 2026 (Expected)
Highlighted in the table below are the details ICFAI Mumbai Cutoff.
| Exam | Cutoff |
| CAT | 60 percentile or above |
| GMAT | 500 and above |
| NMAT by GMAC | 150 and above |
IBS Mumbai Placement 2025
IBS Mumbai campus recorded impressive placement statistics in 2025. As per the report the highest package secured is 20 LPA. Explore complete details on ICFAI Mumbai placement in the table below.
| Details | Statistics |
| Highest Package | 20 LPA |
| Average Package | 7.89 LPA |
| Top Recruiters | Capgemini, ICICI Bank, Asian Paints, Tata Capital, Aditya Birla Capital, BlackRock Services, LODHA Group, HDFC Bank |
| Average Package of Top 10% | 11.97 LPA |
| Average Package of Top 25% | 10.67 LPA |
| Placement Rate | 94% |
IBS Mumbai Ranking 2024
ICFAI Powai has received a ranking from IIRF in the PGPM category for the 2024 session. Check the detailed rankings mentioned in the table below.
| Agency | Year | Category | Rank |
| IIRF | 2024 | PGPM | 55 out of 110 |
IBS Mumbai Faculty
The names of the faculty along with the designation and photo are presented below.
| Name | Designation | Photo |
| Pritee Sanjeev Saxena | Sr. Director | ![]() |
| Davinder Kaur Suri | Dean | ![]() |
| Associate Dean | Associate Dean | ![]() |
| Tapas Kumar Das | Teaching Faculty | ![]() |
| Sarika Rachuri | Teaching Faculty | ![]() |
| Anil Chintamam Mahajan | Teaching Faculty | ![]() |
| Dimple Pandey | Teaching Faculty | ![]() |
| Ramsubramaniam Krishnam | Teaching Faculty | ![]() |
| Nitim Dinanath Bolinjkar | Teaching Faculty | ![]() |
IBS Mumbai Alumni
IBS Mumbai Powai has over 70000+ alumni who have been placed in various reputed organizations. Check the table below for more detailed information about the institute's alumni.
| Company | No. Of Alumni |
| Deloitte | 162 |
| ICICI Bank | 143 |
| HDFC Bank | 75 |
| EY | 63 |
| Kotak Mahindra Bank | 55 |
| JP Morgan Chase | 54 |
| Capegemini | 44 |
| ICICI Prudential Life Insurance | 42 |
| IBS Mumbai | 42 |
| IDF First Bank | 39 |
| Axis Bank | 35 |
| TCS | 34 |
Enjoy Extra Benefits with SR
Counselling
Processing fees on loan
Discounted Applications
GD PI preparation
ICFAI Business School - [IBS], Mumbai Course & Fees
| # | Course | Fees | Action |
|---|---|---|---|
1 |
PGDM |
₹9.09 Lakhs Total fees
|
Apply Now |
Important Dates
| Events | Course | Dates |
|---|---|---|
| IBSAT 2026 Selection Briefing Starts |
MBA/PGDM |
January, 2027 |
| IBSAT 2026 Selection Process begins for MBA/PGPM at IBS Hyderabad |
MBA/PGDM |
February, 2027 |
| NMAT 2026 Rescheduling |
MBA/PGDM |
20 August, 2026 |
| NMAT 2026 Scheduling |
MBA/PGDM |
20 August, 2026 |
Frequently Asked Questions
Ans. IBSAT is a online entrance exam conducted by ICFAI for admissions to its management courses. This exam is designed for students who do not have valid scores of CAT/XAT/GMAT/NMAT. The detailed pattern of the tests is highlighted below.
| Details | Statistics |
| Mode | Online (CBT) |
| Duration | 2 Hours |
| Total Marks | 140 |
| Total Marks Breakup | Verbal Ability – 40 Marks Reading Comprehension – 30 marks Quantitative Aptitude – 30 Data Adequacy & Data Interpretation – 30 Marks |
Ans. No, ICFAI Mumbai does not have hostel facilities. Hostels are only available at the Jaipur Campus. The rent of the hostel varies from INR 10,000 to INR 15,000.
Ans. Yes, there is a library within the ICFAI Powai campus that features 28,000 books, 92 national and 13 International journals and magazines. It also includes a collection of over 2000 CDs.
Ans. Students shortlisted for the Micro Presentation round at IBS Mumbai will be given a number between 1 to 100. Each number is linked to preassigned topics. After selectin a number, candidates will be given 1 minute to prepare for a 3-minute presentation.
Ans. Yes, IBS Mumbai offers scholarships worth up to 10 Crores to the students based on their marks in IBSAT.
ICFAI Business School - [IBS], Mumbai
Contact Information
(For general query)
(For general query)








