IIM-A aiming to be among top five B-schools in the world

Indian Institute of Management Ahmedabad (IIM-A) has set itself the target of reaching top-five  global business schools.

IIM-A's new director Ashish Nanda and chairman of board of governance AM Naik said they will work to make the IIM-A one of the five best management schools in the world.

IIM-A slipped to 19th place in the international rankings in 2013 from being in top-ten in 2010.

An alumnus of 1983 batch of IIM-A, Nanda is a gold medalist both from IIT-Delhi and IIM-A. He completed his M A in Economics and PhD from Harvard University and has been teaching at Harvard Business School and Harvard Law School for the last 25 years.

An issue that needs to be looked into is faculty-to-students ratio, he said. "We have added eight faculty members taking the number to 91, we still need to have 20 or so more to make it an ideal composition."

IIM-A is hoping that the Institutes of Management Bill, presently under consideration of the Parliament, will answer these issues, the duo said.