Year 1963: A proposal by Dr. M.K.Chaudhuri to set up an institute under the name of "Institute for Planning and Administration of National Economy" was forwarded to Pt. Jawahar Lal Nehru, the then Prime Minister and Chairman, Planning Commission, Government of India. The institute was committed to cutting edge research and education on economics, entrepreneurship and management. A study tour was undertaken by Dr. M.K.Chaudhuri during 1964-65 to acquire first hand knowledge about the working of similar institutions in Europe. A working paper on Regional Planning was circulated to leading academicians under the name of "Indian Institute of Planning" in 1969.

Year 1973: The founder Director resigned from professorship of Indian Institute of Management, Bangalore (IIM-B) and established IIPM in New Delhi. The first residential full-time post graduate diploma programme commenced on 12th August, 1974, with students selected through admission tests-cum-inter views held in Delhi, Kolkata, Bombay and Bangalore. Year 2006: IIPM has grown to become the world's largest business school with 5000 postgraduate management students in nine campuses across seven of India's largest cities, with placement offices in San Francisco, New York, London, Dubai and Singapore.

Malay Chaudhuri studied in Presidency College, Kolkata and in The Berlin School of Economics. He did his MSc in National Economic Planning and management. He was awarded 'excellent' and is a co-record holder. His Ph.D thesis was on the 'Role of small-scale, village and cottage industries for solution of the unemployment problem in India'. His D.Sc thesis was on 'reform plans of the international monetary system'. He worked in private sector organizations like Hindustan Lever, Kuljian Corporation and WS Atkins. He also worked in City and Industrial Development Corporation (CIDCO)- a public sector organization. Before founding IIPM, he was Senior Fellow, Indian Institute of Advanced Study, Shimla. He was also Professor of Economics at XLRI,Jamshedpur and IIM,Bangalore. His book Theory of Economic Justice - Production of skills by means of skills, deals with the measurement of contribution of each individual to the process of production and thereby seeks to answer the question of just reward for an individuals' contribution. He believes that integrating the concepts that emerge from IIPM's national economic planning research would create barefoot managers, committed to eradicating poverty. His second book, The Great Indian Dream, outlines a series of steps that the Government of India must undertake to allocate resources towards this end.

Year 1963: A proposal by Dr. M.K.Chaudhuri to set up an institute under the name of "Institute for Planning and Administration of National Economy" was forwarded to Pt. Jawahar Lal Nehru, the then Prime Minister and Chairman, Planning Commission, Government of India. The institute was committed to cutting edge research and education on economics, entrepreneurship and management. A study tour was undertaken by Dr. M.K.Chaudhuri during 1964-65 to acquire first hand knowledge about the working of similar institutions in Europe. A working paper on Regional Planning was circulated to leading academicians under the name of "Indian Institute of Planning" in 1969.

Year 1973: The founder Director resigned from professorship of Indian Institute of Management, Bangalore (IIM-B) and established IIPM in New Delhi. The first residential full-time post graduate diploma programme commenced on 12th August, 1974, with students selected through admission tests-cum-inter views held in Delhi, Kolkata, Bombay and Bangalore. Year 2006: IIPM has grown to become the world's largest business school with 5000 postgraduate management students in nine campuses across seven of India's largest cities, with placement offices in San Francisco, New York, London, Dubai and Singapore.

Malay Chaudhuri studied in Presidency College, Kolkata and in The Berlin School of Economics. He did his MSc in National Economic Planning and management. He was awarded 'excellent' and is a co-record holder. His Ph.D thesis was on the 'Role of small-scale, village and cottage industries for solution of the unemployment problem in India'. His D.Sc thesis was on 'reform plans of the international monetary system'. He worked in private sector organizations like Hindustan Lever, Kuljian Corporation and WS Atkins. He also worked in City and Industrial Development Corporation (CIDCO)- a public sector organization. Before founding IIPM, he was Senior Fellow, Indian Institute of Advanced Study, Shimla. He was also Professor of Economics at XLRI,Jamshedpur and IIM,Bangalore. His book Theory of Economic Justice - Production of skills by means of skills, deals with the measurement of contribution of each individual to the process of production and thereby seeks to answer the question of just reward for an individuals' contribution. He believes that integrating the concepts that emerge from IIPM's national economic planning research would create barefoot managers, committed to eradicating poverty. His second book, The Great Indian Dream, outlines a series of steps that the Government of India must undertake to allocate resources towards this end.