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).

National Institute of Construction Management and Research (NICMAR) is a leading educational Institute established by the Indian construction industry. It is recognised by Government of India as a Scientific and Industrial Research Organisation - SIRO. Major academic programmes of the Institute were started with technical assistance from UNDP and academic inputs from the faculty of Loughbourgh and Indian Institute of Management, Ahmadabad.