Faculty of Management Studies – University of Delhi
| Type | Public business school |
|---|---|
| Established | 1954 |
Parent institution | University of Delhi |
| Accreditation | NAAC |
Academic affiliation | University of Delhi |
| Dean | A. Venkat Raman |
| Location | , , |
| Affiliations | University of Delhi |
| Website | FMS.edu |
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Faculty of Management Studies – University of Delhi (FMS Delhi or The Red Building of Dreams) is a leading business school located in New Delhi, India. It was established in 1954 under the umbrella of the University of Delhi and is often cited as one of the best business schools in India. In 2025, FMS was ranked 2nd best MBA program in the country by the Indian Institutional Ranking Framework. The institute was started at the Delhi School of Economics premises under Dean A. Dasgupta of the Delhi College of Engineering (DCE).
The department of commerce of the Delhi College of Engineering (DCE) (now Delhi Technological University (DTU)), was abolished and the Faculty of Management Studies was established.
The first set of professors were trained at the Stanford Graduate School of Business. The institute has since then expanded on the number of management courses available.