Indian Institute of Management Lucknow was established in 1984 under the Societies Registration Act 1860, by the Government of India, as a national level school of management science. The institute is the fourth in the prestigious Indian Institute of Management (IIM) family of management schools to be established in India. Institute is now governed by the Indian Institute of Management Act, 2017 which declares the institute an as institute of national importance and enables it to grant degrees. The institute has continuously advanced to meet its goals in an ever-changing business environment of India. The institute is playing a pivotal role in development of Indian management professionals through its various post graduate level programmes, long and short duration executive training, independent and sponsored research projects, and consulting activities. The institute has formally adopted its mission and vision statements to enable itself to continually work towards this goal.