IRM India Affiliate

What IRM India Affiliate does

IRM India Affiliate (legally Gleco International Private Limited) is the official India arm of the UK-headquartered Institute of Risk Management, established in 1986 and recognised as the world's leading professional certifying body for Enterprise Risk Management (ERM). Operating from Mumbai under the Companies Act, 2013, the affiliate delivers a five-level ERM certification pathway spanning FoRM (Level 1, INR 35,000), IRMCert (Level 2, OFQUAL Level 5 accredited, GBP 1,830), GradIRM (Level 3), CMIRM (Level 4), and CFIRM (Level 5), with a curriculum aligned to ISO 31000 and COSO frameworks and empanelled by AICTE in India.

The company's core technology consists of an enterprise risk management certification and education platform supported by the proprietary RMAT (Risk Management Aptitude Test) online risk-culture self-assessment tool, an Enterprise Risk Knowledge Centre alumni portal, and a network of 300+ computer-based exam centres across India. Level 2 examinations are delivered via MCQ and assignment-based formats, and digital study resources are bundled into certification fees. Supporting products include the GOER national risk simulation competition, the What's The Risk thought-leadership platform, and the NISM-IRM Enterprise Risk & India Regulation Course co-developed with SEBI's educational arm.

IRM India Affiliate monetises across three streams: one-time examination and certification fees, customised corporate training programs (serving HDFC AMC, Tata Consumer, Reliance Jio, ICICI Lombard, UltraTech Cement, IHCL), and university affiliation/licensing deals that white-label the Level 1 curriculum into partner institutions (Sri Sri, Chitkara, Mahindra, Symbiosis SSODL, Christ, UPES). Distribution is hybrid, combining direct online enrollment, university embedding, enterprise direct sales, and a 300+ exam centre physical network. The business targets students, working professionals, senior risk executives seeking CRO credentials, and corporate and academic institutions across India.

Name

IRM India Affiliate

Legal name

Gleco International Private Limited

Website

https://theirmindia.org

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

51–100 employees

Short description

IRM India Affiliate (Gleco International Private Limited) operates the official India arm of the UK-based Institute of Risk Management, delivering a five-level ERM certification pathway, corporate training, and university affiliation programs to students, professionals, and enterprises across India.

Ownership category

akta.pro rank

Product category

Enterprise Risk Management Certification & Professional Training

NAICS

Investment Banking and Securities Intermediation (523150)

akta.pro primary industry

Risk Management (Enterprise, Operational, Model) (EDABAJAF)

akta.pro secondary industries

Risk Management (ERM), Operational Risk & Business Continuity (BPAEAPAJ), Enterprise Risk Management (ERM) (HDADAIAC)

Keywords

• Enterprise risk management certification
• ERM professional training
• Corporate risk management
• Risk culture assessment
• Professional certification pathway

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Examination and Certification Fees: Revenue from Level 1, Level 2, and advanced ERM certification examinations, including registration and certification fees. Level 1 exam at INR 35,000 and Level 2 at GBP 1,830, both inclusive of applicable taxes.
2. Corporate Training Programs: Customized enterprise risk management training programs for corporate organizations, delivered in-house or virtually, targeting risk champions, audit teams, and compliance professionals.
3. University Affiliation and Licensing: Revenue from licensing IRM's Global Level 1 ERM Course curriculum to educational institutions through Certificate of International Affiliation, enabling universities to integrate globally recognized ERM qualifications into their programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

IRM India Affiliate delivers a comprehensive 5-level Enterprise Risk Management certification pathway (FoRM Level 1, IRMCert Level 2, GradIRM Level 3, CMIRM Level 4, CFIRM Level 5) for individual candidates and working professionals, alongside customised corporate ERM training, the proprietary RMAT risk culture assessment tool, and university curriculum licensing via Certificate of International Affiliation. The portfolio covers 300+ risk categories across environmental, strategic, operational, technological and geopolitical domains and is aligned with ISO 31000, COSO 2004/2017 and OFQUAL Level 5 standards.

Product overview

IRM India Affiliate operates a comprehensive 5-level certification pathway (FoRM through CFIRM) for enterprise risk management professionals, recognized across 140+ countries. The core portfolio includes Level 1 (FoRM foundation exam), Level 2 (IRMCert - OFQUAL Level 5 accredited), Level 3 (International Diploma - currently paused), Level 4 (CMIRM senior certification), and Level 5 (CFIRM Fellowship). Supporting offerings include the proprietary RMAT® risk culture assessment tool, the Enterprise Risk Knowledge Centre for alumni, the What's The Risk?® thought leadership platform, GOER® competition, and NISM-IRM joint certification course. Corporate training and university affiliation programs extend the reach through institutional partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• FoRM - Fundamentals of Risk Management: Level 1 certification covering foundational knowledge in enterprise risk management
• IRMCert - International Certificate
• RMAT - Risk Management Aptitude Test
• GOER - Game of Enterprise Risk
• What's The Risk

Products and services

• FoRM - Fundamentals of Risk Management (Level 1) Entry-level IRM certification covering foundational knowledge of enterprise risk management including risk identification, assessment and mitigation strategies aligned with ISO 31000 and COSO frameworks. Designed for graduates, early-career professionals, entrepreneurs and family business owners seeking an internationally recognised credential; duration is 2 months / 60 study hours and includes study materials, exam, certification and alumni membership.
• IRMCert - International Certificate in Enterprise Risk Management (Level 2) OFQUAL Level 5 accredited professional qualification in ERM combining MCQ examination and assignment-based essay questions, aimed at risk professionals seeking an internationally portable credential. Duration is 6-9 months / 400 study hours, with all-inclusive pricing covering examination, certification, registration fees, GST, forex and administration charges.
• GradIRM - International Diploma in Enterprise Risk Management (Level 3) Online International Diploma in ERM assessed through a case study project, sitting between the Level 2 IRMCert and the Level 4 CMIRM in the IRM pathway. Note: enrolments currently paused - syllabus under review.
• CMIRM - Certified Membership / Qualified Risk Leader (Level 4) Application-based Level 4 designation for senior risk professionals with minimum 8 years of experience, awarded after an interview process and supported by an IRM Global membership subscription. Positions candidates for CRO-track leadership roles.
• CFIRM - Certified Fellowship in Enterprise Risk Management (Level 5) Highest IRM designation awarded upon successful completion of the Level 4 CMIRM certification pathway, signifying fellowship-level standing in ERM.
• RMAT - Risk Management Aptitude Test Proprietary online risk culture self-assessment tool that evaluates an individual or organisation's risk maturity and ERM adoption across eight attributes including alignment with objectives, accountability, communication, business logic, risk appetite, strategy, process capability and resilience. Sold as a standalone assessment product for individual self-evaluation and corporate benchmarking.
• Corporate Training Programs In-house and virtual training programs designed for organisations seeking to build enterprise risk management capabilities among employees. Includes customised sector-specific case studies for BFSI, Manufacturing, IT/ITES, Pharma, Retail/FMCG, Telecom, Oil & Gas and other industries, targeting risk champions, audit teams and compliance professionals.
• University Affiliation Program (Certificate of International Affiliation) Certificate of International Affiliation licensing programme that enables Indian universities to integrate IRM's Global Level 1 ERM Course and globally recognised risk management qualifications into their curriculum, with affiliated institutions receiving branding as IRM India Affiliate Global Centres for Enterprise Risk Management.

Quantifiable outcome

• 97% of candidates agree they can think from a risk perspective and have become analytical in their approach
• +4 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

16 partnerships are on record, tiered minor and core.

• Jaro EducationminorChannel Partner/ Reseller/ Distributor · 7 June 2026Collaboration for Symbiosis Online MBA 2026 program where IRM credentials are integrated, adding globally recognized risk management credentials to the management program administered via Jaro Education.
• Chitkara UniversitycoreStrategic or Co-development Partner · 3 June 2026Establishment of Punjab's first IRM India Affiliate Global Centre for Enterprise Risk Management at Chitkara University. The centre provides learners with access to IRM's globally recognised ERM qualifications across finance, technology, operations, governance, and sustainability domains, aiming to develop risk-aware leaders through academic-industry collaboration.
• Symbiosis School for Online and Digital Learning (SSODL)coreStrategic or Co-development Partner · 21 January 2026SSODL became the first online institute in India to receive Certificate of International Affiliation from IRM's India Affiliate. Through this collaboration, SSODL integrates IRM's Global Level 1 ERM Course into its curriculum, providing students exposure to 300+ risk categories across environmental, strategic, operational, technological, and geopolitical domains.
• ICICI LombardcoreStrategic or Co-development Partner · 17 November 2025Joint release of India Risk Report 2025 (3rd edition), surveying 250+ CXOs and senior management across 12 risk factors. The report evaluates enterprise risk perceptions, preparedness, and resilience, with findings showing 95% prepared for traditional risks but gaps in emerging exposures.
• Mahindra UniversitycoreStrategic or Co-development Partner · 2 August 2025Partnership for enterprise risk management centre establishment. Mahindra University also clinched the National GOER Trophy 2025, demonstrating excellence in ERM education and competition.
• UPEScoreStrategic or Co-development Partner · 24 July 2024International affiliation secured to empower risk-ready leaders through integration of IRM's global ERM qualifications into university curriculum.
• Christ UniversitycoreStrategic or Co-development Partner · 17 July 2024Earned prestigious Certificate of International Affiliation enabling integration of IRM's global ERM curriculum into university programs.
• Sri Sri UniversitycoreStrategic or Co-development Partner · 20 June 2024Licensed to set up India's first and East India's only Global Centre for Enterprise Risk Management. The centre integrates global ERM standards into education, research, and industry collaboration, positioning Odisha as an emerging hub for enterprise risk education and thought leadership.
• HDFC Asset Management Company LimitedcoreStrategic or Co-development Partner · 6 December 2023Partnership to elevate Enterprise Risk Management and fortify risk intelligence in the Mutual Fund industry, strengthening ERM practices among fund managers and investment professionals.
• Tata Consumer ProductscoreStrategic or Co-development Partner · 28 September 2023Partnership to integrate and strengthen Enterprise Risk Management in the FMCG sector, targeting supply chain, operational, and brand risk management capabilities.
• UltraTech CementcoreStrategic or Co-development Partner · 5 September 2023Collaboration to strengthen risk-readiness in the cement sector through customized ERM training and certification programs.
• NISM (SEBI's Educational Arm)coreStrategic or Co-development Partner · 17 July 2023Joint launch of Enterprise Risk & India Regulation Course (ERIRC) to bolster risk and compliance in India Inc., covering ERM, ESG, and Cybersecurity regulations under SEBI, RBI, IRDA and Companies Act 2013.
• Reliance JiocoreStrategic or Co-development Partner · 8 May 2023Partnership to integrate and strengthen Enterprise Risk Management in the telecoms sector, addressing sector-specific risks including regulatory, technology, and operational challenges.
• IHCL LimitedcoreStrategic or Co-development Partner · 1 January 2023Collaboration to strengthen risk-readiness in the hospitality sector, addressing operational, reputational, and regulatory risks.
• J.B. Boda GroupminorGTM or Marketing Partner · 1 January 2022Knowledge partnership for What's The Risk initiative featuring industry interviews and thought leadership content on emerging risk topics.
• MindlerminorStrategic or Co-development Partner · 1 January 2022Collaboration to develop risk-literate children through Enterprise Risk Career Program, introducing risk management concepts to school students.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• ISACA: ISACA issues CRISC (Certified in Risk and Information Systems Control), which is widely adopted by Indian IT, BFSI, and GRC professionals for enterprise and IT risk. It is the most direct threat to IRM India in the technology-risk certification segment.
• RIMS (Risk & Insurance Management Society): RIMS is a long-standing global risk management society offering the RIMS-CRPC certification and enterprise risk training. It targets the same enterprise risk champion, CRO, and corporate training buyer that IRM India cultivates, with comparable professional-body positioning.
• GARP (Global Association of Risk Professionals): GARP administers the FRM (Financial Risk Manager) certification, the dominant financial-risk credential globally and especially in India's BFSI sector. It competes directly with IRM India for the same risk-career professional audience, particularly in banks, NBFCs, and asset managers.
• PMI (Project Management Institute): PMI offers the PMI-RMP (Risk Management Professional) credential, which competes with IRM India for the same working-professional audience seeking risk credentials to advance careers in project- and program-driven organisations.
• The IIA (Institute of Internal Auditors): The IIA's CIA (Certified Internal Auditor) and CRMA certifications cover risk, control, and governance disciplines adjacent to IRM India's ERM curriculum. It targets the same internal-audit and risk-champion buyer base within Indian corporates.
• Institute of Risk Management (IRM Global): IRM Global is the UK parent body and the direct counterparty for IRM India Affiliate's licensing relationship. It sets curriculum, issues OFQUAL-accredited designations, and shares brand and methodology — making it the closest comp for both revenue model (certification fees) and content depth.

Others

• COSO (Committee of Sponsoring Organizations of the Treadway Commission): COSO publishes the ERM framework that underpins IRM India's curriculum. While not a competitor, it is the framework authority whose standards shape both IRM India's content and the demand for ERM certification among Indian corporates.

Emerging players

• NISM (National Institute of Securities Markets): NISM is SEBI's educational arm and IRM India's partner on the joint ERIRC certification course covering ERM, ESG, and cybersecurity regulations. As a regulator-backed body in India, it is a credible adjacent player in compliance and risk education.
• CIMA (Chartered Institute of Management Accountants): CIMA offers risk and governance modules within its CGMA qualification and is active in India through partnerships. While broader in scope, it competes for the same finance-and-risk career professional that IRM India targets.
• Deloitte Risk & Advisory (India): Deloitte's risk advisory practice in India runs in-house risk academies and corporate ERM training for large enterprises. While not a certification body, it competes for the same corporate training wallet and is increasingly building proprietary risk credentials.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC8IfltRuT8UrwdBzdpzta9w/featured
• Facebookfacebook.com/irmindiaaffiliate
• LinkedInlinkedin.com/company/institute-of-risk-management-india
• Instagraminstagram.com/irmindia
• Xx.com/irm_india

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IRM India Affiliate