The Symbiosis Society was founded in 1971 by Dr. S. B. Mujumdar to create a community which helps in fostering an interaction between the foreign and Indian students. This helps them in getting a fresh insight into each other's varied cultures and thus broadens their horizons. It has under its fold 33 institutions spread across 14 campuses with 45,000 students on the campus and 1,00,000 students off the campus.

The Symbiosis Institute of International Business (formerly Symbiosis Institute of Foreign Trade [SIFT]), a constituent of the Symbiosis International University (established under section 3 of the UGC Act 1956)  came into existence in 1992 to cater to the need of creating managers who were equipped to understand the changes caused by the winds of globalization sweeping across the world.

SIIB imparts a world vision to its managers through special course modules that incorporate every nuance of global business and not merely courses in Foreign Trade, hence, in the year 2002, Symbiosis Institute of Foreign Trade (SIFT) became Symbiosis Institute of International Business (SIIB), with a mission to create truly global managers.

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