The Indian Institute of Management Ahmedabad (IIMA) was established in 1961. It was set up by a group of free-thinking individuals including space scientist Dr. Vikram Sarabhai an eminent industrialist and philanthropist Sri Kasturbhai Lalbhai and was supported by the then Chief Minister of Gujarat, Dr. Jivraj Mehta. https://www.umeacademy.com/iim-ahmedabad-executive-mba-program-fee-courses-eligibility/