July 5, 1954
IISWBM offers country’s first course in Business Management
The Institute, after its establishment, started offering a Diploma Course in Social Work (Labour Welfare), which was previously administered by the University of Calcutta. Diploma holders from IISWBM were considered for appointment as Personnel Officers in Business Organizations as per guidelines issued by the Government of India.
On the recommendation of Sir Jehangir Ghandy Committee of 1950, the Board of Management Studies and the All India Council of Technical Education, selected IISWBM (then known as AIISWBM) as a centre for eastern region for the course in Business Management and thus started the first course on July 5, 1954.
On July 5, 1954, Dr. Bidhan Chandra Roy, Chief Minister of West Bengal and Founder - President of the Institute, inaugurated the first Business Management Course in India.
Dr. Jehangir Gandhy, Chairman, All India Board of Technical Studies in Management, Union Ministry of Education, who could not be present at the inaugural ceremony, sent a message saying 'I am glad that the All India Institute of Social Welfare and Business Management is inaugurating today Business Management Course for the first time in India for the benefit of Junior Business Executives'.
The Institute was registered under Societies Registration Act, 1860 with its present name of Indian Institute of Social Welfare and Business Management (IISWBM).
This registration, apart from giving the Institute a legal status also facilitated receiving direct grants from the Central and State Government.