Established in 1958, the second of its kind, Indian Institute of Technology Bombay was the first to be set up with foreign assistance. The funds from UNESCO came from the then Soviet Union. In 1961 Parliament decreed the IITs as ‘Institutes of National Importance'. Since then, IITB has grown to emerge as one of the top technical universities in the world.
The institute is recognised as a leader in the field of engineering education and research. Reputed for the outstanding calibre of students graduating from its programmes, the institute attracts the best students from the country for its bachelor's, master's and doctoral programmes. These programmes are driven by an outstanding faculty. IIT Bombay also builds links with peer universities and institutes, both at the national and the international levels, to enhance research and enrich its educational programmes.
Located in Powai, the residents of the institute reap the advantage of being in the busy financial capital of India, while enjoying the serenity of a campus known for its natural beauty. A fully residential institute, all its students are accommodated in its 15 hostels with in-house dining; the campus also provides excellent amenities for sports and other recreational facilities.
Mumbai (also known as Bombay), is the capital city of the Indian state of Maharashtra. It is the most populous city in India. It is also the wealthiest city in India thus known as Financial capital of India. The famous phrase for mumbai goes as "The city which never sleeps". The city also houses India's Hindi (Bollywood) and Marathi cinema industries.
Public transport systems in Mumbai include the Mumbai Suburban Railway, Monorail, Metro, Brihanmumbai Electric Supply and Transport (BEST) buses, black-and-yellow meter taxis, auto rickshaws and ferries. The Mumbai Suburban Railway, popularly referred to as Locals forms the backbone of the city's transport system.
Mumbai has a tropical climate, specifically a tropical wet and dry climate, with seven months of dryness and peak of rains in July. The cooler season from December to February is followed by the summer season from March to June.