The country’s ninth Indian Institute of Management (IIM) with 45 students was inaugurated recently by the state Governor MOH Farook.

IIM, Ranchi with its Calcutta counterpart acting as mentor at the outset, will offer a two-year post-graduate programme in management (PGPM).

The first batch of Ranchi IIM, the 9th after Ahmedabad, Bangalore, Calcutta,, Indore, Kozhikoda, Lucknow, Shillong and Rothak will be temporarily functioning at Suchana Bhavan in the centre place of the state capital. As many as 6,294 applications with cat 2009 scores were received for IIM, Ranchi. The students of Ranchi would be taught by renowned faculty members from Joka.