Chandragupt Institute of Management Patna (CIMP) has been conferred upon the prestigious International Arch of Europe (IAE) Award in the Gold Category for its overall quality and excellence at a function in Frankfurt, Germany.
Dr V Mukund Das, Director, CIMP, who received the award at the glittering function on April 28, said CIMP has become the youngest business school and the first academic institution in India to be presented with this award in the "Total Quality Management" category.
Only some top Indian companies such as Indian Oil Corporation Limited (No. 83 in Forbes Global 2000), Reliance Industries (No. 99) and NTPC Ltd (No.337) have been recipients of this award in the past.
Leading foreign companies that feature in the list include ArcelorMittal (Luxembourg), Operadora VIPS, S. de R.L. de C.V., part of Walmart (ranked No. 2 in Fortune 500 list), SAFCO (Saudi Arabia), Korea Electric Power Co. (KEPCO) and COFCO (China).
The IAE awards have been set up by Europe-based Business Initiative Directions (BID), a leading private organisation having members from 118 countries.
"CIMP owes this covetous award to its stupendous growth and impressive track record in various parameters like academics, placements, quality research papers presented by the faculty at national and international seminars and social commitment," a beaming Dr Das told a media conference here yesterday on his return from Frankfurt.
"The selection of the awards in various categories was made on the basis of a voting process carried out among all the participating previous awardees. The results of the voting process are confidential, in that the exact source of nomination of an organisation cannot be revealed. The final decision to award our organisation was based on the criteria of QC100 Total Quality Management principles," he informed.
Set up in 2008, CIMP, a brainchild of Bihar Chief Minister Shri Nitish Kumar, was earlier conferred Dr. J J Irani Award for excellence in management education (Mumbai, February 2013) while Dr Das was presented an award by Tata Institute of Social Sciences (TISS) in recognition of his significant contributions to leadership development (Mumbai, December 2012). CIMP also ranks in India's top 50 management institutes.
Dwelling upon the achievements of CIMP, Dr Das said the management institute has been providing 100 per cent placements with handsome packages despite 50 per cent reservation for students belonging to the SC/ST/OBC/mahadalit categories.
"In particular, our faculty has given a good account of itself by presenting more than 60 quality research papers at various national and international conferences. Prof. Sayan Banerjee will present a paper on organisational theory next month at Ryerson University, Toronto (Canada)," he added.
Another pioneering initiative of the CIMP, he said, is ‘Beautiful Minds' under which faculty members of the institute impart education to slum children. "We have also set up Students Guidance Centre (SGC) which provides free coaching to socially and economically deprived students for admissions in IIMs and other top management institutes. This particular initiative has been recently replicated at the IIM Lucknow," said Dr Das, an internationally renowned expert on rural marketing.