Indore Management Association

What Indore Management Association does

Indore Management Association (IMA) is a non-profit management association founded in 1963 and headquartered at Jall Auditorium, South Tukoganj, Indore, Madhya Pradesh, India. It operates as Central India's leading management forum, affiliated with the All India Management Association (AIMA), and serves four stakeholder groups: corporate enterprises, entrepreneurs and professionals, academicians, and students. Its core offerings are tiered annual memberships (Diamond Rs. 75,000, Platinum Rs. 50,000, Gold Rs. 15,000, Silver Rs. 6,000 for female professionals, and Student Rs. 500), a recurring calendar of management conclaves and workshops, the bi-monthly Indore Manager magazine, and the Management Excellence Awards program.

Revenue is generated from recurring annual membership subscriptions (April to March cycle) plus event participation fees, with GST applied on all tiers. Distribution is primarily regional (Central India) via online membership registration portals, WhatsApp-led engagement, and event-based enrollment. The association is governed by a Board of Directors and Executive Council comprising CXOs and founders from regional enterprises across banking, pharmaceuticals, capital markets, technology, chemicals, insurance, and industrial sectors.

IMA has received the Best Local Management Association Award 18 times from AIMA, has hosted 33 conclaves featuring 500+ speakers, and reports engagement with 500+ corporate members, 2,000 corporate entities, 3,000+ students, and 200,000+ lifetime participants. There is no proprietary technology platform of note; the IMA mobile app functions as a member access utility, and the organization does not build or deploy AI/ML systems.

Name

Indore Management Association

Legal name

Indore Management Association

Website

https://imaindore.com

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

11–50 employees

Short description

Indore Management Association (IMA) is a non-profit management association founded in 1963 in Indore, India, offering tiered memberships, conclaves, and the Indore Manager magazine to corporates, professionals, academicians, and students across Central India.

Ownership category

akta.pro rank

Headquarters

HQ city

Indore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Membership Subscriptions: Annual membership fees from Corporate and Individual members across five tiers (Diamond, Platinum, Gold, Silver, Student). Revenue is recurring annually (April 1 to March 31 cycle). Additional one-time registration charges apply.
2. Event Participation Fees: Revenue from hosting conclaves, conferences, workshops, and seminars. Events include Digital Transformation Summit, Leadership Conclave, Management Excellence Awards, and AI Future Talk.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Indore Management Association (IMA) is a non-profit membership-based management association that offers tiered corporate and individual memberships (Diamond, Platinum, Gold, Silver, Student), hosts annual leadership conclaves, summits, workshops, and management excellence awards, and publishes the bi-monthly 'Indore Manager' magazine. It serves as Central India's leading networking and professional development forum uniting 500+ corporates and 3,000+ students.

Product overview

Indore Management Association (IMA) operates as a membership-based non-profit organization offering a tiered membership portfolio with five distinct levels (Diamond, Platinum, Gold, Silver, and Student). The association provides related products and services including the bi-monthly Indore Manager Magazine publication, annual Management Conclaves (33 held so far), Leadership Conclaves, and the Management Excellence Awards. The organization also offers a mobile application (IMA App) for members to access services. IMA has received the Best Local Management Association Award 18 times, demonstrating consistent organizational excellence. The association connects over 500 corporates and 3,000+ students through its platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Diamond Membership Premium annual corporate membership tier of IMA targeting large enterprises, providing the highest level of benefits, full access to all IMA events, conclaves, networking opportunities, and leadership programs. Priced at Rs. 75,000 annual subscription plus Rs. 2,000 one-time entrance fee plus 18% GST (total first year Rs. 90,860).
• Platinum Membership Mid-large enterprise annual corporate membership tier providing comprehensive access to IMA events, conclaves, and professional networking. Priced at Rs. 50,000 annual subscription plus Rs. 2,000 one-time entrance fee plus 18% GST (total first year Rs. 61,360).
• Gold Membership Standard annual membership open to individuals and corporate entities, providing access to IMA events, publications, and networking with business leaders. Priced at Rs. 15,000 annual subscription plus Rs. 1,000 one-time entrance fee plus 18% GST (total first year Rs. 18,880).
• Silver Membership Annual individual membership exclusively for female professionals, providing access to IMA events, publications, and networking opportunities. Priced at Rs. 6,000 annual subscription plus Rs. 1,000 one-time entrance fee plus 18% GST (total first year Rs. 8,260).
• Student Membership Annual membership for college and university students pursuing management and business studies, providing access to IMA events, conclaves, and professional development opportunities. Priced at Rs. 500 including GST and conclave fee, total Rs. 590 with no entrance fee.
• Indore Manager Magazine Bi-monthly publication covering management insights, industry trends, leadership perspectives, CEO success stories, and IMA activities. Published since 2015 with archives available for digital download, distributed to IMA members and the wider Central India business community.
• Management Conclaves Annual flagship event program bringing together business leaders, CXOs, and thought leaders for knowledge sharing and networking across Central India. IMA has organized 33 conclaves to date featuring over 500 speakers and 200,000+ lifetime participants.
• Leadership Conclave Annual flagship IMA event featuring CXOs and thought leaders from across India for leadership development, knowledge exchange, and executive-level networking. Scheduled as part of IMA's annual event calendar (e.g., Feb 8, 2025 edition).
• Management Excellence Awards Annual awards program celebrating outstanding contributions to management excellence in Central India, recognizing business leaders, organizations, and management practitioners.
• IMA Mobile App Mobile application for IMA - Indore Management Association, available as a free service for members and users to access association services, membership information, events, and engagement on mobile devices.

Quantifiable outcome

• 18-time Best Local Management Association Award winner
• +2 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• All India Management Association (AIMA)coreStrategic or Co-development PartnerIMA is officially affiliated with AIMA, the national-level management association. This affiliation provides IMA with national linkages, recognition, and access to AIMA's network, resources, and programs. The partnership is foundational to IMA's identity and credibility as Central India's leading management forum.

Scale indicators8 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Hyderabad Management Association: Telangana-based LMA affiliated with AIMA, offering conclaves, awards, and corporate memberships to Hyderabad's IT, pharma, and manufacturing business community. Direct regional peer with comparable member profile and event model.
• Pune Management Association: A Local Management Association under AIMA serving Pune's corporate community with leadership programs, events, and memberships. Direct peer competing for similar AIMA awards and corporate members in a parallel regional market.
• Bombay Management Association: A fellow Local Management Association under AIMA's network, serving the Mumbai business community with conclaves, awards, and corporate memberships. Directly comparable peer as it operates the same LMA model in a different metro, and competes for AIMA recognition.
• Ahmedabad Management Association: Regional LMA affiliated with AIMA, serving Ahmedabad/Gujarat corporates with management development programs, seminars, and networking. Operates an essentially identical business model to IMA in a different regional market.
• Bangalore Management Association: Regional management association serving Bengaluru's corporate ecosystem with conclaves, training, and corporate memberships under AIMA affiliation. Direct peer with overlapping member base of technology and services firms, competing in the same LMA category.
• Calcutta Management Association: Eastern India's LMA affiliated with AIMA, offering management development programs, corporate memberships, and events to Kolkata-based businesses. Direct peer operating the same model with a parallel regional focus.
• Madras Management Association: Chennai-based LMA affiliated with AIMA providing management training, networking events, and corporate memberships to Tamil Nadu businesses. Direct peer with matching affiliation structure and service portfolio.

Broad incumbents

• Confederation of Indian Industry (CII): Large national industry chamber offering corporate memberships, policy advocacy, conferences, and networking across India. A broader incumbent that overlaps with IMA's networking/events value proposition but at much larger scale and with policy focus.
• All India Management Association (AIMA): National-level apex management association and IMA's stated parent/affiliate body. Operates a similar membership/conclave/award model but at national scale across India, making it the direct hierarchical and functional counterpart to IMA.
• Federation of Indian Chambers of Commerce & Industry (FICCI): National apex business chamber with corporate memberships, conferences, and awards programs. Provides a national-scale alternative to IMA's regional services for multinational and large Indian corporates based in Central India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/imaindore
• LinkedInlinkedin.com/company/indore-management-association---india

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Indore Management Association