FOSTIIMA Business School has been conceived, funded and managed by the alumni of IIM, Ahmedabad. Founded in 2007 by Friends Of the class of PGP Seventy Three of IIMA and hence the name FOSTIIMA Business School came about. FOSTIIMA aims to identify talent and develop therein leadership skills to create a pool of managers for the new emerging India. Here we provide an IIM atmosphere and excellent career opportunities to those who have not made it to the IIMs.

Over the years FOSTIMA has developed into a movement where several more IIM and IIT alumni have contributed with the sole intent of 'giving back' to the Society at large. The knowledge and experience they acquired at these premium institutions is to be shared with the new generation of managers. Today more than 50+ IIM Alumni are directly providing inputs at FOSTIIMA, across our campuses in Delhi and Mumbai - in Management, Curriculum Design, Content Development, and, as Faculty.


FOSTIIMA has the largest group of IIM Ahmedabad graduates working together towards a common goal. Not only is it created and managed by IIMA alumni, its large Faculty pool is also drawn from IIM/IIT alumni. They bring with them their vast corporate experiences, industry practices and global business perspective to FOSTIIMA Students.

We at FOSTIIMA believe that MBA is a performance and action oriented course and not merely academic. The faculty have been Top Honcho's in various industries and have 30-40 years of experience. These IIT / IIM educated Faculty take great pains in mentoring students with the sole objective of grooming them to their peak potential, so that they can make a positive contribution to the Society, Business and Industry.

FOSTIIMA was recognised for its outstanding Faculty at CONCERN INDIA 2012. The institute received the award  for 'Institution with  the BEST Faculty. Concern is an international summit on higher education and is sponsored by ASSOCHAM.

Message from the CHAIRMAN (Sri BALAJI HRD Trust)

Jaithirth (Jerry) RaoJaithirth (Jerry) Rao, PGP 73, IIM-Ahmedabad

FOSTIIMA is the brainchild of IIM alumni partly motivated by their desire to give back to Indian society at large (from which they have derived so many benefits) as well as to create for a wider body of students the opportunity to partake of at least some parts of the IIM experience. We have had strong and growing interest from both recent and veteran IIM alumni to participate in teaching and placement. Lastly, the primary motivation of nearly all IIM alumni is to ensure that FOSTIIMA graduates get access to the intellectual and professional network which have a distinct IIM flavor to it.

The second campus in Mumbai is in an independent new floor in a great location. In spite of shrinking numbers of CAT applicants we decided not to delay expansion and went ahead with the capital expenses by widening the pool of financial stakeholders (restricted to a select few from IIMA). With the optimism being generated by the job creation numbers in the US, the buoyancy in the employment and CAT figures shall be appreciable, rather soon, and god willing,
FOSTIIMA may open its third campus within another year.

Jaithirth (Jerry) Rao

Admission Procedure

The Application Form can be obtained from the Admissions Office at FOSTIIMA campus or downloaded from FOSTIIMA website: www.fostiima.org. Completed application form should be sent to the Admission Office along with requisite documents.The Application Form can also be filled and submitted online. The accompanying documents listed above in this case can be submitted at the time of Group Discussion and the Personal Interview, if invited for the same

Admission Criteria:

Admission to FOSTIIMA's PGPM takes into account the applicant's academic performance in graduation, school, score in CAT / XAT / MAT exams and performance in Group Discussion and Personal Interview. The short-listing and selection is a weighted average of the applicant's overall performance, cut-off levels are likely to be above 50% marks in graduation and a CAT or XAT score above 75 percentile.

Those applicants who have not appeared at any MBA Entrance Exam (CAT / XAT / MAT) can appear at FOSTIIMA Eligibility and Aptitude Test or FEAT, an aptitude test conducted by FOSTIIMA, followed by Group Discussion and Personal Interview. Well-rounded individuals who display leadership skills personal initiative and interest in learning will be given preference. The Composite Score arrived at, on the above evaluation parameters constitutes the basis for admission.

Final Selection

The successful candidates shall be informed of their selection within seven days of the Interviews. The candidates must then pay their first installment of fees within seven days of being informed of their selection, to reserve their seats. FOSTIIMA has limited intake and seats shall be offered to selected candidates on a first-come first-served basis.

FOSTIIMA has its own hostel within walking distance of the campus.


Excellent Placements is one of the greatest strengths of FOSTIIMA B-School. FOSTIIMA believes that its prime responsibility to ensure that all its Students get placed in well known Corporates as per their specialization and abilities.

FOSTIIMA has ensured 100% placements with the highest package of Rs. 16.75 lacs per annum (pa). To insure the best Campus Placements for its Students, the Placement Cell at FOSTIIMA [headed by an IIMA alumnus] maintains close contacts with well known Corporates through networking with pan IIT-IIM alumni and arranges campus interviews for the Students.

These linkages are in a wide spectrum of Business Segments viz. Management Consulting, IT & ITES, Banking, Financial Services, Engineering, FMCG & FMCD, etc. ensures ready availability of placement opportunities to FOSTIIMA Students.

Summer Internships

A two-month Summer Internship at the end of the first year of the PGPM program is an integral part of FOSTIIMA's curriculum and as a policy, FOSTIIMA accepts only 'Stipend-paid' summer Internships for its Students. Payment of a stipend ensures that the Student takes the internship seriously thereby ensuring that the Student derives the maximum practical knowledge and also satisfies the Corporate with his/her best efforts. The stipend maximizes the motivation at both ends; the students as well as their mentors.

Last year FOSTIIMA Students did Summer Internships with stipends up to Rs. 40,000 per month. The Median Stipend was Rs. 17,000 per month.

Many FOSTIIMA Summer Interns receive PPOs (Pre Placement Offers i.e. offer of a regular job) from the Corporate satisfied with their performance during the Internship. Most of the corporates that visited FOSTIIMA for placements have returned for recruitments again the next year. The compensations offered have been at par with the older premier B-schools. for instance, Citibank offered a ctc of Rs. 8.10 lacs pa; Britannia Industries offered Rs. 11 lacs pa; Avalon Consulting offered Rs. 10.50 lacs pa; IBM offered Rs.10 lacs pa; ICICI Bank offered Rs. 6.54 lacs pa.

Some of the FOSTIIMA Student Placements are as follows:

  • HCL
  • Citibank
  • ITC-Welcomgroup
  • Infosys
  • Airtel
  • SKS Microfinance
  • Kotak Mahindra Bank
  • ICICI Bank
  • Ceat
  • Educomp
  • Ernst & Young
  • Axis Bank
  • Berger Paints
  • Avalon Consulting
  • Indiabulls
  • Nasscom
  • Britannia
  • VBHC
  • HDFC Bank
  • Idea
  • Starwood Hotel & Resorts Worldwide Inc.

FOSTIIMA Student Placements

Infrastructure and Facilities

FOSTIIMA is housed in a modern, purpose built fully air-conditioned building in the very heart of South Delhi and Mumbai. The Delhi campus is easily accessed by the Metro. The lecture halls are equipped with the very latest and most effective multimedia teaching aids. Aesthetic interiors, Wi-Fi internet access create an environment conducive to effective learning. FOSTIIMA is enabled with a high capacity data processing centre and an ultra modern computer laboratory.

Interactive Smart boards and hi speed broadband both at college as well as hostel ensure total connectivity of students at all times.

Some of the Facilities offered at FOSTIIMA are:

The Institute's library is equipped with the latest books on all relevant topics. It also subscribes to a number of useful periodicals, journals, and magazines, both national and international. Students have access to research sites & e-books as well.

Wi-Fi Internet Connectivity
Two high speed/broad band internet connections function full time in all the rooms of the campus. Students have free access to the internet, whereby they can keep themselves updated with information from the web world, and download the desired information.

Computer Laboratory
The Institute has a well-equipped computer laboratory boasting of the latest software. The software is provided as per the requirement of the students and faculty. Classes are so scheduled that the students get hundred percent computers' availability in addition to their own laptops.

Hostel Accommodation
Quality accommodation is made available to all the outstation students who desire it. This air-conditioned & Wi-Fi enabled accommodation shall provide students with a comfortable and homely environment. We ensure that the hostels supervised by us are secure, healthy and comfortable and the meals are nutritious.

Student Committees/Societies/Clubs
FOSTIIMA Business School has empowered the Students to form and manage various committees under the mentorship of FOSTIIMA management and faculty members. The committees are responsible for smooth conduct of all operations at FOSTIIMA. Direct involvement of Student gives them experience as well as a sense of ownership of their own college.

  • Placement
  • Marketing society
  • Library
  • Corporate Interface
  • System Society
  • Culture and Entertainment
  • Hostel
  • Seminars & Conferences
  • Cafeteria
  • Media
  • Alumni

Collaboration and Partnership

  • Post Graduate Program in Management (PGPM)
    FOSTIIMA offers a two years full time Post Graduate Program in Management + MBA in partnership with Pondicherry University in its prestigious TWINNING program. The Dual certification Program is designed for those who have completed their graduation or appearing for their final year Degree examination.
    The program is UGC/AIU approved and has Specializations in Marketing, Finance and HRM.
  • Under Graduate Program in Management
    FOSTIIMA offers a three year full time Under Graduate Program in Management in partnership with Punjab Technical University. The program is designed for students who have just cleared the 10+2 examination conducted by the CBSE or State Boards
    The program is UGC/AIU approved.
  • Joint Certification Program with UBIS Geneva
    FOSTIIMA Business School has joined hands with UBIS Geneva, Switzerland, for a two year PG & three year UG collaborative program wherein the students shall do 6 credits at UBIS Geneva, followed by educational tours to Industrial units, corporates and UN organizations in EU/ UK/ USA.
  • Student Exchange program with State University of New York, Binghamton Campus


"I would like to thank you from the bottom of my heart for making my dream come true. I never thought I would get into Times of India that too in RMD department. Thank You for getting such good companies in the campus and making our career's so bright. I will make this college proud wherever I go. Thank you so much for everything."

Thank You,
- Gurvind Ghai, The Times of India - Batch of 2014
"I'm very thankful to FOSTIIMA and the faculty I could never understand Finance, but my basics were cleared so well by the professors that today I feel confident about my concepts in the workplace."

Rakhi Khurana, Groupon – Batch of 2011
"My job is challenging but I'm enjoying my new life! Thanks to you!! It's all because of you!! I'm in great company as all my colleagues are from Tier 1 B-Schools like IIM-K IIM-Shillong, IIM-C, FMS, IIFT, MDI Ggn, IMT Ghz and Narsee Monjee. I feel privileged to be a part of a genuine, prestigious institute that is keeping all its promises to the students. I would like to credit my professors for the positive contribution they have made towards raising my confidence and awareness levels."

- Akash Mayank, Hewlett Packard – Batch of 2012
"In 2007, I got a CAT percentile of 98.82 and joined FOSTIIMA Business School for pursuing an MBA. FOSTIIMA has all IIM & IIT educated faculty who provide great guidance. Come & join FOSTIIMA - A great place for MBA education."

- Arun Nagarkoti, (B-Tech Mechanical Engineer from IIT Kanpur), VBHC - Batch of 2010
"FOSTIIMA has helped me to develop conceptual thinking, managerial competence and a visionary outlook. They have honed my all round personality. I'm now well equipped to deal with my corporate life."

- Indeep Kaur Kalra Citibank - Batch of 2010
"My summer job with AVALON... a company of my choice... is in my area of interest - Business Strategy. And my stipend... far above my expectations! FOSTIIMA helped me obtain a foothold in the industry of my choice and prepared me well for the obstacles I may encounter."

- Divya Choudhary, ICICI Bank - Batch of 2009


Courses offered by Fostiima Business School All Courses 

Post Graduate Program in Management

Business Administration and Management

Category: Management

Degree: PGPM

Mode: Full Time

Medium: Campus

Duration: 2 Years


Test Accepted : FEAT, CAT, MAT, XAT Read more..

Executive Post Graduate Program in Management

Business Administration and Management

Category: Executive Post Graduate Diploma in Business Management

Degree: EPGDBM

Mode: Part Time

Medium: Campus

Duration: 2 Years


Mode – Part Time (Classes held on weekends) Read more..

Bachelor of Business Administration (BBA)

Business Administration and Management

Category: Business Administration

Degree: BBA

Mode: Full Time

Medium: Campus

Duration: 3 Years


BBA(Business Administration)- Stands for Bachelor of Business Administration. Typically, BBA course is a 3 year course, minimum eligibility for which is an intermediate (10+2) with subjects such as.. Read more..

Bachelor of Commerce (B Com)

Category: General

Degree: B.Com.

Mode: Full Time

Medium: Campus

Duration: 3 Years


B.Com(Commerce)- Stands for Bachelor of Commerce. Typically, B.Com is a three year course, minimum eligibility for which is an intermediate (10+2) with subjects such as accounts, maths and economics... Read more..

Head Office

Name : Fostiima Business School
Location : Fostiima Business School 75-76, Amrit Nagar South Extension, Part -I
City : New Delhi
State : Delhi
Country : India
Contact Name : Mr. Jaithirth (Jerry) Rao
Contact No : 011 - 46126000
Contact Email : info@fostiima.org
Website : http://fostiima.org/ 


FOSTIIMA Business School, Mumbai

Location: Mogaveera Bhavan, MVM Educational Campus, Off.Veera Desai Road , Andheri (West) Mumbai, Maharashtra, India

Contact No: 022-26769911

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Related Question and Answer

* This information has been collected from http://fostiima.org/ or by contacting the institute on phone. Trade Marks belong to the respective owners. If you are an official representative of the institute and wish to modify this information, please write to us at editor@minglebox.com The listing was last modified on 18/01/2016