Year 1963: A proposal by Dr. M.K.Chaudhuri to set up an institute under the name of "Institute for Planning and Administration of National Economy" was forwarded to Pt. Jawaharlal Nehru, the then Prime Minister and Chairman, Planning Commission, Government of India. The institute was committed to cutting edge research and education on economics, entrepreneurship and management. A study tour was undertaken by Dr. M.K.Chaudhuri during 1964-65 to acquire first hand knowledge about the working of similar institutions in Europe. A working paper on Regional Planning was circulated to leading academicians under the name of "Indian Institute of Planning" in 1969.
Conceptualised by Dr M.K. Chaudhuri India’s leading economic visionary, the Indian Institute of Planning and Management was formally registered in the year 1973. After completing his M.Sc., PhD & Dsc from school of Economics Berlin,Dr. M.K Chaudhuri worked with leading organisations and institutions like HLL, Indian Institute of Advanced Studies , Shimla, XLRI Jamshedpur (as a Professor of Economics) & IIM Bangalore as Professor of Economics, before resigning from his job at IIM Bangalore to start what is today regarded as India’s Greatest Academic Movement .. The IIPM movement
The first residential full-time post graduate diploma programme commenced on 12th August, 1974, with students selected through admission tests-cum-inter views held in Delhi, Kolkata, Bombay and Bangalore.
Year 2006: IIPM has grown to become the world's largest business school with 5000 postgraduate management students in nine campuses across seven of India's largest cities, with placement offices in San Francisco, New York, London, Dubai and Singapore. Today IIPM has campuses and programs running across 18 cities/campuses in New Delhi, Gurgaon, Noida, Chandigarh, Dehradun, Lucknow, Jaipur, Ahemedabad, Indore, Bhopal, Mumbai, Pune, Bangalore, Cochin, Chennai, Hyderabad, and Bhubaneswar & Kolkata.