FOSTIIMA Business School is a private Management Institute which is located in Dwarka which is the Southern part of Delhi. It was founded in 2007 by Friends Of the class of PGP Seventy Three of IIMA and hence the name of the Institute i.e. FOSTIIMA Business School came about. The Institute has been funded and managed by the alumni of the Indian Institute of Management (IIM), Ahmedabad. The Institute is approved by the All India Council for Technical Education (AICTE).

This institute is a constituent unit of the Sri Balaji Human Resource Development trust. FOSTIIMA was built to impart knowledge to society. It focuses on providing world-class education along with modern facilities to the students at a moderate fee. Their mission is to prepare the students to face the various challenges on an international platform without compromising with the standards of education, ethics, integrity and discipline. FOSTIIMA wants to transform the students into successful future leaders and visionaries and they know that this is only possible by providing quality education.