India's 21st IIM, IIM Mumbai, has started its application process for MBA admission 2024 with revised admission criteria. The fees for the 2-year MBA program has also been increased to Rs 21 lakh, which is at par with the top IIMs and higher than any of the other 13 new generation and baby IIMs. Despite being a new member in the IIM family, IIM Mumbai has a legacy of 60+ years and was previously known as NITIE Mumbai until August 2023.

As per the gazette notification dated August 16, 2023, after renaming as IIM Mumbai, this 21st IIM has announced its admission policy 2024 and launched the following three MBA programs with a significant increase in the number of seats.