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In order to meet the growing demand for management education, the Shri Vile Parle Kelavani Mandal, with the help of a donation from Narsee Monjee Educational Trust, established a recognized Management institute of the Mumbai University in 1981.

Established in 1978, SIBM Pune is in its 33rd year of service to the student community. It remains the flagship brand of Symbiosis and is recognized as one of the best Business Schools in India.In 2002, the Ministry of Human Resource Development, Government of India conferred the "Deemed to be University" status on Symbiosis, and further in 2006 the UGC vide its notification withdrew the word Deemed and renamed the University as Symbiosis International University (SIU).

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