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.

Welingkar Institute of Management Development and Research was established in the year 1977, with a focus of giving a new dimension to business studies. It is a part of Shikshana Prasaraka Manadali, which has 40 prominent institutions and at any time has over 7000 enrolled students across the country. Some of the other well-known institutes run by S.P.Mandali, are the Ruia College of Arts and Science (Mumbai), Podar College of Commerce (Mumbai) and S.P. College (Pune).

Consistently rated as A+ and ranked among the top 20 B- Schools in India(Indian Management/All India Management Association(AIMA)/Outlook-Sept.2008) Padmabhushan (Late) Shri Karamshibhai Jethabhai Somaiya, an entrepreneur and philanthropist, established Somaiya VidyaVihar in 1959, with a vision to serve the educational needs of the society at an affordable cost. Somaiya Vidyavihar, spread over 72 acres of green land, is home to various faculties such as Management, Engineering,.......