IIT Mumbai. Established in the year 1958, IIT Mumbai is the second IIT college to be known after IIT Kharagpur. It holds a great importance ever since it was set up as it was declared as a college of national importance. IIT Mumbai was the first one to be established with the foreign assistance. The college has a great reputation and is ranked as the top 5 management college and top 2 engineering college. IIT Mumbai provides a soothing and comfortable environment for its students so that they can aim for the best.