IIT Bombay, set up by an Act of Parliament, was established in 1958, at  Powai, a northern suburb of Mumbai. Today the Institute is recognised  as one of the centres of academic excellence in the country. Over the  years, there has been dynamic progress at IIT Bombay in all academic and  research activities, and a parallel improvement in facilities and  infrastructure, to keep it on par with the best institutions in the  world. Institutes in positions of excellence grow with time. The ideas  and ideals on which such institutes are built evolve and change with  national aspirations, national perspectives, and trends world - wide.  IIT Bombay, too, is one such institution. 
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