KIAMS came into existence in 1998 who earlier offered two-year fully residential Post Graduate Diploma in Management (PGDM) in Harihar and its second campus in Pune was opened in 2010. Both the campuses are approved by All India Council of Technical Education (AICTE), New Delhi. KIAMS has the vision to provide society a center of learning that excels in management education and professional development. The Institute took several initiatives to ensure that well-rounded executives emerge out of the PGDM program. Student Enhancement Plan (STeP) is a unique practice they designed to strengthen the fundamentals needed of a manager to flourish in the corporate workplace.
KIAMS has an Industry Coordinator Committee which consists of members from leading companies as well as academics.