The Institute has an Alumni Association since the inception of the institute. Over the last 12 years, more than 1000 professional technocrats, pharmacists, managers, bankers, financiers and entrepreneurs have been inducted into the Association and have rendered active support to it. This number will continue to grow. (The alumni and other bodies can register online with the Alumni Association).

The institute recognizes its alumni as important stakeholders. The Institute immensely benefits from the enormous support it receives from its alumni.

The alumni advise and extend financial and technical support to the institute, suggest emerging research areas to focus on, and offer relevant career advice. They also provide support to the training and placement of students, fund R&D projects and extend technical advice in executing projects funded by other agencies.