SIMS was set up in 1993 and in the year 2002, the Ministry of HRD, Govt. of India conferred on Symbiosis, the status of Deemed to be University. Symbiosis today comprises of 37 institutes imparting training in diverse disciplines. It has over 45,000 students who hail from all states of India and from 60 different countries.
SIMS is a constituent of the prestigious Symbiosis International Deemed University and is accredited by the National Assessment and Accreditation Council (of the UGC) in November 2008. It is an ISO 9001:2008 quality certified management institute and a top-tier provider of business education across the spectrum. SIMS is also an accredited "Centre for Corporate Governance" of the 'National Foundation of Corporate Governance' (established by Ministry of Corporate Affairs and CII).