IPS Academy, Institute of Business Management and Research (IBMR) is a management institute of the IPS Academy group in Indore, established in 1994 and located at Rajendra Nagar on A.B. Road. It is affiliated to Devi Ahilya Vishwavidyalaya (DAVV), Indore and approved by AICTE. IBMR is one of the older private management schools of Central India and focuses on developing managerial knowledge, leadership, analytical ability, communication and professional readiness among students. Its flagship offering is a two-year full-time MBA divided into four semesters, with specialisation options across Marketing, Finance, Human Resource Management, Operations and Information Technology. The institute emphasises practical training alongside classroom instruction and works to help students become proactive learners. Admission is through CMAT and Madhya Pradesh DTE counselling. IBMR forms part of the wider IPS Academy campus in Indore, which also houses the Institute of Engineering and Science and several other professional colleges.