The Indian Institute of Management - Kozhikode (IIM-K) has been awarded the globally renowned EFMD Quality Improvement System (EQUIS) accreditation.
EQUIS is awarded by the globally renowned European Foundation for Management Development (EFMD), which has been conferred on prestigious management institutions across the world like London Business School (United Kingdom) and INSEAD (France).
The EQUIS Accreditation Board of EFMD responsible for conferring accreditation to institutions, voted to confer EQUIS Accreditation on IIM Kozhikode, a statement said.
Earlier, IIM Kozhikode was accredited by the UK-based Association of MBAs (AMBA) in 2010. It was then the first IIM to be accredited by AMBA.
Accoring to a press note released on Friday, IIM-K is the fifth IIM to receive EQUIS accreditation and only the sixth management institution in the country to bag the coveted accreditation.
By acquiring EQUIS accreditation, the institute now joins the "Double Crown" accreditation status, which is enjoyed by only a few institutions in India, the press release said.
Indian B-schools are not just knocking at the doors of gaining global recognition, but are bringing down the wall of divide to offer world-class, affordable education to deserving students, Debashis Chatterjee, Director, IIM-Kozhikode said.
"The management learning embedded in the ethos of Indian thoughts is the fulcrum on which the future thought leaders will thrive in the coming decades. IIMs should lead the charge in participating in worldwide admission process," he added.
