Finolex Academy of Management & Technology

What Finolex Academy of Management & Technology does

Finolex Academy of Management & Technology (FAMT) is a private engineering college established in 1996 under Hope Foundation & Research Centre, Pune, and located on a 25-acre coastal campus in Ratnagiri, Maharashtra. The institution offers seven undergraduate engineering programs — Computer Science & Engineering (AI/ML), Computer Science & Engineering (Cyber Security), Electrical, Electronics & Telecommunication, Information Technology, Mechanical, and Chemical Engineering — along with postgraduate programs (Master of Computer Applications and Master of Engineering in Machine Design) and Ph.D. research in IT and Mechanical Engineering, serving a sanctioned student intake of 1,786 across all programs. FAMT is approved by AICTE, recognized by DTE Maharashtra, affiliated with the University of Mumbai, holds NAAC B+ accreditation, and has NBA accreditation for IT, Mechanical, EXTC (2024-2027) and Electrical (2026-2028) programs. The institution is led by Principal Dr. Kaushal K. Prasad (M.Tech IIT Kharagpur, PhD IIT Bombay) with a faculty of 103 and administrative staff of 28.

The college's technology infrastructure comprises departmental labs, a Microsoft Virtual Academy Center, an Intel Intelligent Systems Laboratory, and an Incubation Center for student entrepreneurs, supported by a vmedulife-based ERP and LMS portal and a central library holding 7,300 titles and 36,776 volumes with NPTEL access. Revenue is generated primarily through FRA-regulated tuition fees for engineering and postgraduate programs, examination fees, and hostel accommodation in the Finolex Industries Limited Housing Colony at Zadgaon, Ratnagiri. Student admissions flow through centralized DTE Maharashtra counseling, supplemented by institutional seminars and parent outreach events. The Training and Placement cell maintains active relationships with employers spanning IT services (TCS, Infosys, Capgemini, Accenture, Wipro, IBM India, Persistent Systems, LTI, Amazon), electronics and semiconductors (Qualcomm), manufacturing (Rolls-Royce, Motherson), consulting (PwC), and energy/petroleum (Reliance Life Sciences, BPCL), supporting campus recruitment outcomes that function as a key enrollment driver.

Name

Finolex Academy of Management & Technology

Legal name

Finolex Academy of Management & Technology

Website

https://famt.ac.in

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Short description

Finolex Academy of Management & Technology (FAMT) is a private engineering college in Ratnagiri, Maharashtra, established in 1996 under Hope Foundation & Research Centre. It serves approximately 1,786 sanctioned students across seven undergraduate engineering programs, MCA, ME, and Ph.D., with active placement partnerships spanning major IT, manufacturing, and consulting employers.

Ownership category

akta.pro rank

Product category

Higher Education / Engineering Education

NAICS

Colleges, Universities, and Professional Schools (611310), Colleges, Universities, and Professional Schools (6113)

SIC

Services-Educational Services (8200), Services-Engineering Services (8711)

akta.pro industry

PRIMARYEDAHAEAA

Engineering & Technology Institutes (Comprehensive)

Education/Higher Education (Colleges & Universities)/Technical & Polytechnic Universities

SECONDARYEDAEAGAI

Makerspace, Innovation Lab & Fab Lab Operations (Tools, Safety, Programming)

Education/Education Facilities & Support Services/Library, Media Center & Learning Space Operations

Keywords

• Engineering education programs
• Undergraduate engineering degrees
• Campus placement services
• Higher education institution
• Postgraduate computer applications

Headquarters

HQ city

Ratnagiri

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Tuition and Academic Fees: Revenue generated from undergraduate engineering programs (BE), postgraduate programs (ME, MCA), and Ph.D. programs. Fee structures are regulated by Fees Regulatory Authority and published on the institution website.
2. Examination Fees: Fees collected for examination forms and related administrative processes
3. Hostel and Infrastructure Services: Hostel accommodation available in Finolex Industries Limited Housing Colony at Zadgaon, Ratnagiri

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Finolex Academy of Management and Technology (FAMT) is a private engineering college that delivers undergraduate engineering programs (Bachelor of Engineering) across seven specializations including Computer Science & Engineering with AI/ML, Computer Science & Engineering with Cyber Security, Electrical Engineering, Electronics & Telecommunication Engineering, Information Technology, Mechanical Engineering, and Chemical Engineering, alongside postgraduate programs (Master of Computer Applications and Master of Engineering in Machine Design) and Ph.D. research programs, all affiliated to University of Mumbai. The institution complements academic delivery through a Training & Placement cell that facilitates campus recruitment with major employers, dedicated Centers of Excellence in partnership with Microsoft (Virtual Academy) and Intel (Intelligent Systems Laboratory), and an on-campus Incubation Center for student entrepreneurs. Operations are supported by student services including hostel accommodation, library with digital resources, sports and cultural activities, and an ERP/LMS portal.

Product overview

FAMT is an engineering college offering seven undergraduate engineering programs and two postgraduate programs (MCA and ME in Machine Design). The academic portfolio includes traditional engineering disciplines (Mechanical, Electrical, Chemical, Electronics & Telecommunication) alongside specialized programs in Computer Science with AI/ML and Cyber Security. The institution operates Centers of Excellence in partnership with Microsoft (Virtual Academy) and Intel (Intelligent Systems Laboratory) to provide technology-focused skill development. The institution also maintains an Incubation Center to foster entrepreneurship among students.

Differentiator

Problem solved

Functional benefit

Products and services

• Bachelor of Engineering in Computer Science & Engineering (Artificial Intelligence & Machine Learning) Four-year undergraduate Bachelor of Engineering program specializing in Artificial Intelligence and Machine Learning, affiliated to University of Mumbai and approved by AICTE. Designed for students completing HSC (12th standard) with Physics, Chemistry, and Mathematics, preparing them for AI/ML engineering roles in the technology industry.
• Bachelor of Engineering in Computer Science & Engineering (Cyber Security) Four-year undergraduate BE program in Computer Science with a Cyber Security specialization, affiliated to University of Mumbai and AICTE approved, focused on information protection, security operations, and cyber defense skills for prospective engineers.
• Bachelor of Engineering in Electrical Engineering Four-year undergraduate BE program in Electrical Engineering, NBA accredited through 2028 and AICTE approved, affiliated to University of Mumbai, covering electrical systems, power, and related engineering fundamentals.
• Bachelor of Engineering in Electronics & Telecommunication Engineering Four-year undergraduate BE program in Electronics & Telecommunication Engineering, NBA accredited, AICTE approved, and affiliated to University of Mumbai, covering electronics, communication, and signal processing disciplines.
• Bachelor of Engineering in Information Technology Four-year undergraduate BE program in Information Technology, NBA accredited and AICTE approved, affiliated to University of Mumbai, with strong campus placement track record at recruiters including TCS, Infosys, Capgemini, and Accenture.
• Bachelor of Engineering in Mechanical Engineering Four-year undergraduate BE program in Mechanical Engineering, NBA accredited, AICTE approved, affiliated to University of Mumbai, and supported by the department's NBA-accredited status through 2027.
• Bachelor of Engineering in Chemical Engineering Four-year undergraduate BE program in Chemical Engineering, AICTE approved, affiliated to University of Mumbai, covering chemical process engineering and supporting placements at firms like Reliance Life Sciences and Bharat Petroleum.
• Master of Computer Applications (MCA) Postgraduate Master of Computer Applications program with 90-student intake, affiliated to University of Mumbai, designed for graduates seeking advanced computer application skills for careers in the technology sector.
• Master of Engineering (ME) in Machine Design Postgraduate ME program in Machine Design with 18-student sanctioned intake, affiliated to University of Mumbai, designed for engineering graduates seeking specialization in mechanical design.
• Ph.D. Programs in Information Technology and Mechanical Engineering Doctoral research programs in Information Technology and Mechanical Engineering, registered under University of Mumbai, providing research scholars with faculty guidance, laboratory access, and a research-oriented academic environment.
• On-Campus Hostel Accommodation Student hostel accommodation available at Finolex Industries Limited Housing Colony, Zadgaon, Ratnagiri, supporting enrolled students of the BE, ME, and MCA programs with residential facilities.

Quantifiable outcome

• University Rank 1 in CSE (AIML) and Information Technology in 2025
• +3 more outcomes

Named customers15 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

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and moderate.

• All India Council for Technical Education (AICTE)coreOthersRegulatory approval body that grants approval for engineering programs. FAMT is approved by AICTE, New Delhi for all its engineering and technology programs.
• Directorate of Technical Education (DTE), MaharashtracoreOthersState regulatory body for technical education in Maharashtra. FAMT is recognized by DTE, Government of Maharashtra for its engineering programs.
• University of MumbaicoreOthersAffiliating university for all undergraduate and postgraduate degree programs. Students receive University of Mumbai degrees upon completion.
• Hope Foundation & Research Centre, PunecoreOthersParent trust organization that established and manages FAMT. Founded by Late P.P. Chhabria. Mrs. Aruna Katara serves as President of Hope Foundation.
• MicrosoftmoderateTechnology or IntegrationMicrosoft Virtual Academy Center established as Center of Excellence at FAMT for Microsoft-related training, certifications, and skill development.
• IntelmoderateTechnology or IntegrationIntel Intelligent Systems Laboratory (Intel IS Lab) established for intelligent systems research and training, providing students exposure to cutting-edge technology.
• Finolex Industries LimitedmoderateOthersProvides hostel facility in Finolex Industries Limited Housing Colony at Zadgaon, Ratnagiri for student accommodation.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• MIT World Peace University (MIT WPU): Large private university in Pune offering undergraduate and postgraduate engineering programs with similar regulatory standing (AICTE-approved, University of Mumbai-affiliated programs). Comparable on placement network, multi-stream engineering portfolio, and trust-managed governance.
• Sinhgad College of Engineering (SCOE): Large private engineering college in Pune offering similar undergraduate and postgraduate programs with comparable accreditation profile. Direct peer on size, governance model, and placement-led GTM.
• Dr. D.Y. Patil Institute of Engineering, Management & Research: Pune-based private engineering college under the D.Y. Patil trust, offering AICTE-approved BE programs affiliated to University of Mumbai with similar placement partners and ranking tier.
• Vishwakarma Institute of Technology (VIT Pune): Private engineering college in Pune affiliated to University of Mumbai, offering BE and ME programs with active campus placements and NBA accreditation. Comparable as a Maharashtra-based, trust-managed engineering institution with similar program mix and employer base.
• Pimpri Chinchwad College of Engineering (PCCOE): University of Mumbai-affiliated engineering college in Pune with NBA accreditation, strong placement track record, and similar trust governance model. Direct comparable on accreditation profile, program portfolio, and employer relationships.
• JSPM's Rajarshi Shahu College of Engineering: Pune-based University of Mumbai-affiliated engineering college with similar program mix (CSE, Mechanical, EXTC, etc.) and trust-managed structure. Comparable across accreditation tier and employer recruiter base.

Regional players

• KIT's College of Engineering, Kolhapur: Maharashtra-based private engineering college with similar University of Mumbai affiliation, NBA-accredited programs, and AICTE approval. Comparable regional peer serving Maharashtra's tier-2 markets.
• Walchand College of Engineering, Sangli: One of Maharashtra's oldest autonomous engineering institutions, offering BE/ME programs with strong industry ties. Comparable as a tier-2 Maharashtra engineering institution serving a regional student catchment.
• Rajarambapu Institute of Technology (RIT), Islampur: Western Maharashtra private engineering college with University of Mumbai affiliation and similar AICTE-recognized programs. Comparable as a tier-2 Maharashtra competitor in placements and rankings.

Broad incumbents

• BITS Pilani: Premier private engineering institution offering BE and ME programs with a strong technology and entrepreneurship focus, including Centers of Excellence similar to FAMT's Microsoft and Intel partnerships. Sets the aspirational benchmark for employer pull and graduate outcomes in the Indian engineering market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/finolex-academy

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Finolex Academy of Management & Technology