IIM Indore, established in 1996, is the sixth addition to the list of IIMs. It became the first IIM to start operating outside India with its Post Graduate Programme in Management in UAE in 2011. However, it stopped the operations in 2014. Additionally, IIM-I also offers a non-residential full-time Post Graduate Programme in Management in Mumbai from 2012. No other IIM has a presence in the financial capital till now.