Chandragupt Institute of Management Patna (CIMP) was established in 2008 as an autonomous institution under the Societies Act, with support from the government of Bihar. An AICTE-approved institution, it is established on the lines of IIMs. "It deserves the status of an IIM," says Dr. S.C. Jha, the economic advisor to the prime minister of India. The school is ranked a Top 50 management institute in India.