The Indian Institute of Social Welfare and Business Management (IISWBM), Calcutta, was founded by a resolution adopted by the Syndicate of the University of Calcutta on April 25, 1953.
It was the result of a concerted effort by the University of Calcutta, the Government of West Bengal, the Government of India, and the leaders of business to establish the first management education institute in India—a concept that, at the time, many in the academic community were unfamiliar with.
July 5, 1954
IISWBM offers country’s first course in Business Management
The Institute, just after its establishment, started providing a Diploma in Social Work (Labour Welfare), which had previously been administered by the University of Calcutta. According to guidelines set by the government of India, diploma holders from IISWBM were given consideration for employment as personnel officers in business organizations.
In accordance with the 1950 Sir Jehangir Ghandy Committee's proposal, the Board of Management Studies and the All India Council of Technical Education chose IISWBM (then known as AIISWBM) as the eastern region's center for the Business Management course, and the first session there began on July 5, 1954.
The first Business Management Course in India was launched on July 5, 1954, by Dr. Bidhan Chandra Roy, then-Chief Minister of West Bengal and founder-president of the Institute.
Dr. Jehangir Gandhy, Chairman of the All India Board of Technical Studies in Management, Union Ministry of Education, who was unable to attend the official opening, sent a statement saying, "I am delighted that the All India Institute of Social Welfare and Business Management is inaugurating today the Business Management Course for the benefit of Junior Business Executives for the first time in India."
The Indian Institute of Social Welfare and Business Management (IISWBM) is the name given to the institution when it was registered under the Societies Registration Act of 1860.
In addition to giving the Institute legal standing, this registration facilitated receiving direct contributions from the Central and State governments.