Realizing the potentialities and wishes of modernization of the plantation region through management training and training, Ministry of Commerce & Industry, Government of India constituted a center organization in 1990 to set up a strategic institution of management education within the plantation zone. Accordingly a blue-print for the Indian Institute of Plantation Management, (IIPM) Bangalore become organized. In November 1993, the Institute changed into registered as an autonomous instructional organization of higher learning, under the Karnataka Society Registration Act. It is collectively subsidized with the aid of the plantation zone and the Commodity Boards viz. Coffee Board, Tea Board, Rubber Board, Spices Board and Plantation Associations, viz. UPASI and Indian Tea Association (ITA).
Indian Institute of Plantation Management, Bangalore is an one-of-a-kind, sectoral college of management. It is based totally on 5 foundational ideas or principles that define its scope of sports. The 5 primary concepts had been diagnosed, keeping in view the think tank requirements as well as the management schooling desires of the owner - planters, plantation and related agri-commercial enterprise managers and the officials of Commodity Boards of India. The standards of basis are as follows: Strategic Think Ahead Forum, Creation of Enlightened leadership, Continuing Development of the "BEST" managers, Action Based Research, Intellectual Self-Reliance & Enhancement of Intellectual Capital.
Institute is actively supported via the industry via its uniquely designed Faculty Finance Support Scheme and Commodity Boards of India chairs. IIPM has been ranked among top sectoral control institute through Business India B-School survey. IIPM, an company of the Ministry of Commerce & Industry, GOI has been conferred the “2012 World Education Congress Award” titled “Educational Institute with Best Academic & Industry Interface” for its intensive country of the artwork institute–industry-interplay (3Is) projects in agri-enterprise improvement and educational sports. Conferred on the World Education Congress summit held currently in Mumbai, the award turned into instituted by means of the Global Advisory Council of Education and Academics Jury and the Board members of WEC. Out of three,608 entries obtained from 88 nations, IIPM has been decided on for the category of “Best Academic and Industry Interface”. The award became received by way of IIPM Director Prof. V. G. Dhana kumar.