Legacy

The year was 1994, Fortune Society for Development and Promotion of International Business was registered under the leadership of Mr R K Shrivastava as the President. After getting AICTE’s approval for PGDM intake of 60 students, in June 1995 our first batch of RACERs - 41 students (12 Women and 29 Men), started their journey from Vikram Farms, Pushpanjali. The lush green open expanse provided the perfect ambience for young minds to expand their horizons.

1st Academic Advisory Council (AAC) was created under the Chairmanship of Prof Ishwar Dayal - Former Director IIM Lucknow. The council had some major stalwarts such as Dr RK Dhawan - Former DG -FIEO & Advisor-FICCI; Dr Rakesh Khurana - Pro VC-IGNOU; Maj Gen DN Khurana - DG -AIMA; Dr Preetam Singh - Director-IIM Lucknow. The council has thus been a beacon of guidance and support for all key initiatives undertaken by the faculty.

2002-2004 saw the early efforts of our management and performance of our students come to fruition when AICTE approved the enhancement of intake from 60 to 120 students.  This was the boost that was required to further commit to our vision of nurturing quality, market-relevant careers in the years to come. It was the time when the Institute’s 8th batch graduated with 124 students.  We received NBA Accreditation and also launched our in-house journal titled - Fortune Journal of International Management (FJIM).

After the unfortunate demise of Mr R K Srivastava in 2005, FIIB reigns are handed over to Mr V K Srivastava. Amidst this sadness, a glimmer of hope and recognition comes when we sign the 1st international MOU with Sam Walton College of Business, University of Arkansas. This sets us on a path to develop and nurture many more international partnerships in years to come. In later years, we are joined by Sam M. Walton College of Business, University of Arkansas, USA; Burgundy School of Business, France; Solbridge International School of Business, Woosong University, Republic of Korea; Department of Management & Innovation Systems, University of Salerno, Italy; Swiss Business School, Switzerland; Geneva School of Diplomacy and International Relations, Switzerland; Uniglobe College, Kathmandu, Nepal and more as our international partners.  

Given the enormous growth and traction that was seen, the Institute shifts its campus to our permanent location in the heart of Delhi. A compact, modern building located in Vasant Vihar. This period also marks the rolling out of our first non-IB specializations (Marketing, Finance, Operations, and HR), and as fortune favours the brave, Institute’s ranking improved to 32nd Overall in India and 3rd in Delhi, as per CSR-GHRDC rankings.

This was the time where a lot of new changes took place.  FIIB was granted AIU Equivalence and the re-launch of FJIM in a new avatar – FIIB Business Review (FBR). A number of signature events are launched: Meraki - a National Level B-Plan Competition; Samavesh - a student-run management fest.  The first international business study tour takes place in China and Finland. The Alumni Advisory Board is formed and the 1st Alumni Awards are held. On-campus the Ishwar Dayal Auditorium is inaugurated, and the Internal Quality Assurance Cell (IQAC) is established.

After almost a decade of excellence and exemplary show of our grit and determination, the time had come to solidify our name. To do this, AAC expanded with the induction of new members. Some prominent members being - Maj. Gen. D.N.Khurana - AVSM, Ex-Director - AIMA, Prof Rajen K Gupta -  Former Professor - MDI Gurgaon, Mr Rajat Jain - Ex CEO - Xerox India, Ex CEO Disney India, Executive Vice Chairman, Neva Garments Ltd., Mr Amitabh Jhingan - Partner and National Leader - E&Y, Mr Manish Kheterpal - Managing Partner – WaterBridge Ventures, Mr Saurabh Mittal - Sr VP – Fractal Analytics, Maj. (Dr) KPS Sandhu - Alumnus FIIB and Principal Consultant Infosecure Consulting Pvt Ltd., Ms Radhika Shrivastava - ED – FIIB; Ex-World Bank. On the Student and Alumni front, multiple new approaches were taken in this time frame - Students’ Case Writing Competition Katastasi was launched, Alumni Association launches South India Chapter and FIIB Business Review (FBR) indexed with EBSCO and CNKI Scholar to name a few.

In 2016-17, the International Management Conference (IMC) was launched along with the inauguration of an IBM Analytics Lab on campus. The numbers had been growing at a good pace and this showed in that year’s intake as well when the 23rd Batch (2017-19) started with 180 students (79 Women and 101 Men). The same time also saw the launch of the FIIB Alumni Association’s 1st International chapter in Dubai. Following an intensive job-market study, FIIB’s signature employability initiative - the B-Involved Programme was introduced.  FIIB drafts and adopts its first strategic plan - FIIB 2020 a three-year road map for the Institute’s initiatives.

FIIB was established with the clear consciousness of providing a better future to its students but more importantly ensuring that we give back to our society as well. To cement this thought further, in 2018-19, FIIB redefined its mission - To advance the practice of management and develop leader-managers of business and social relevance.  Taking a step in the same direction, we introduced the tagline ‘Enter to Learn, Leave to Succeed’ introduced.  The Racer is formally adopted as our official mascot. The Racer song, written by Manish Bhatt and sung by Siddhartha Basrur is released. Its upbeat rhythm and motivating words remind us that success is not final, failure is not fatal. It's the courage to keep going that matters. FIIB launches its first edition of TEDx@FIIB. We also had the privilege of conducting our first student exchange program in 2018 with the Solbridge International School of Business, Woosong University, Republic of Korea.

With Coronavirus wreaking havoc in the entire world, among the many affected, education was one of the worst-hit sectors. However, we at FIIB stand in solidarity with those on the front lines in our country and the world, by doing our part in ensuring the protection of our community. We successfully conducted our first Virtual Convocation and Orientation Programme in the midst of the COVID-19 pandemic. Our team displayed great ingenuity and a relentless attitude during the testing times and launched the FIIB doctoral programs. A new PGDM-Financial Management Programme is launched. The FIIB Business Review is included in the ABS Rankings and also listed in Web of Science.  As is rightly said, “The show must go on”. At the graduation ceremony for batch 19-21, the graduating students take the MBA oath and commit to acting responsibly in their careers and making FIIB proud.