It is recognized by University Grants Commission under 2(f) and 12 (b). Its MBA program has been accredited by National Board of Accreditation under AICTE since 2003. The Institute has also been accredited twice by National Assessment and Accreditation Centre (NAAC) and has received twice NAAC 'A' Grade Accreditation. It is an ISO 9001:2008 certified Institute. The Institute has also been consistently ranked amongst top B-schools in Central India by various leading rating agencies. The Institute is therefore a premier B-School providing quality education in the field of management. . PIMR is also recognized research centre since 1996 with 23 Ph.D. guides and 109 Ph.D. registered scholars. Till date 61 research scholars have been awarded Ph.D. degree.