AIM was established in the year 1996 under the aegis of a non-profitable autonomous body called All India Asian Education Foundation (AIAEF), registered under Indian Societies Registration Act,XXI of 1860. The growth of the institute has been spectacular in a short span of time.

The SIES College of Management Studies (SIESCOMS) was promoted by SIES in 1995 specifically to cater to the growing need of management education in India. It is the prime constituent of its academic complex at Nerul. Over a period of time, SIESCOMS has been catering to the needs of various segments of management education aspirants.