The Indian Institute of Management and Commerce(IIMC) established four decades ago(year 1973) has to its credit some outstanding achievements in the field of Commerce Education in general and Honours course in particular at the Degree level. Eminent social workers and philanthropists and Educationalists like Sri Kothuru Seethaiah Gupta, Sri Challa Som Raj Ram, Sri C.E. Gupta, Sri Dundoo Balanarasaiah, Sri Narayana Chetty IAS(Retd.), Late Sri Veloor Lingaiah Gupta gathered together and laid solid foundation in starting this premier Institution. Members of Vysya Community in particular and admirers of Higher Education in general are greatly beholden to the Founders.
The college was admitted into grant-in-aid in the year 1980 and it was admitted into Sec.2 (f), 12-B of University Grants Commission in the year 1994. The Institution was initially started with Honours Degree Course but subsequenlty B.Com(Computers), B.Com(General) and Post-Graduation course M.Com were added. In addition B.Sc(Computers),B.B.A.,B.Com(Computer Applications) courses are also made available. There is unprecedented demand for admission not only in professional and traditional courses like B.Com(Honours) but also in Computer, General B.Com sections, apart from B.Sc, B.B.A. courses. Hundreds of alumni of the college have become Chartered Accountants, Cost Accountants and Company Secretaries. Several students have become successful businessmen.
The college was ranked by various magazines like The Week, Education World, India Today, Republic World and it has established itself as a premier institution in field of commerce education in the country.
Indian Institute of Management & Commerce continues to be one of the best colleges at the National level in the field of Commerce, Management, Computers, Mathematics and Statistics to serve the students of different backgrounds and abilities through effective teaching learning experience and to create professionals.
To unfold as a premier institution in creating and disseminating knowledge to build a better world.
The college intends to provide need-based, interest-based relevant educational programmes to the aspiring students, taking into consideration the changes in the global environment and to create a nurturing ground for intellectual innovation by contributing to the society in a dynamic environment.
To ensure teaching, training and academic growth from the integral components of our work ethics.
The college provides high-quality educational programmes and services that are academically and financially accessible and also to contribute to the society through the pursuit of education at the highest levels of academic excellence.
To inculcate ethical values and professional standards among the students in order to contribute effectively towards Nation building.
To help students embark on a journey of intellectual transformation through diverse background.
To undertake Curricular, Co-curricular, Extra-curricular activities and academic/ industry interface for the holistic development of students.