IIM Udaipur, a second-generation IIM, one of the fastest-growing management schools in the country. IIMU Ranks under Top MBA Colleges in India It was set up by the Indian Government in 2011. Taking the legacy of older IIMs forward, IIMU aspires to set new benchmarks in the field of management education by combining excellence in both teaching and research. At IIM Udaipur, we are committed to becoming a globally recognized management school by 2030 and we are inevitably on our way.