ICICI Lombard and IIT Bombay Concluded IL IGNITING MINDS 2025 Case Study Competition
ICICI Lombard concluded IL Igniting Minds business case study competition where students got opportunity to showcase ideas to senior management.
ICICI Lombard and IIT Bombay Concluded IL IGNITING MINDS 2025
ICICI Lombard has concluded 2025 edition of its flagship business case study competition, IL IGNITING MINDS season 3, in collaboration with IIT Bombay. Designed to give young innovators real world platform to solve meaningful industry challenges, this initiative has received 4000+ student registrations from 500+ institutes. The theme for this year’s challenge, “Unlocking SME Insurance Growth in India,” focuses on underserved segments of economy.
Through this competition, ICICI Lombard invites students to reimagine product design, digital enablement, distribution and outreach strategies that can make insurance adoption seamless, impactful and affordable for small and medium businesses. Building on past editions conducted with institutes such as IIM Calcutta & IIM Lucknow and NMIMS together engaged over 4,500 students from more than 700 campuses.
Sheena Kapoor Head Marketing, Corporate Communications & CSR, ICICI Lombard, said, “The 3rd season of IL Igniting Minds has been truly inspiring. What began as a simple idea has now connected us with 4000+ students across 500+ campuses. The finalist teams presented real-life case studies, challenges and problems to our senior management with clarity, depth and intelligence. Moments like these reaffirm our belief that the future of India rests in brilliant and responsible hands.”
Commonly asked questions
Both IIT Bombay and NIFT Mumbai are recognised for their BDes course. For better comparison, below are some parameters to compare BDes programme of both the institutes:
| Parameter | IIT Bombay | NIFT Mumbai |
|---|---|---|
| Total tuition fee* | INR 8 Lacs - INR 11.6 lakh | INR 5.6 Lacs - INR 11.7 lakh |
| Overall NIRF Ranking 2023 | 4 | NA |
| Specialisation | Industrial Design, Communication Design, Animation, etc. | Fashion Design, Fashion Communication, Textile Design, etc. |
| Selection criteria | UCEED | NIFT Entrance Exam |
*The fee is taken from an unofficial source. Hence, data might vary.
IIT Bombay BTech batch placement record over the past three years is presented here:
Particulars |
BTech Placement Statistics (2022) |
BTech Placement Statistics (2023) |
BTech Placement Statistics (2024) |
|---|---|---|---|
Registered students |
657 |
791 |
930 |
Participated students |
566 |
679 |
819 |
Students placed |
544 |
598 |
683 |
Placement percentage |
96% |
88% |
83.39% |
During the IIT Bombay 2026 placements, 42 companies visited and made 98 offers on the first day. The highest international package offered was around INR 1.5 Crore per Annum.
Further, accroding to the SJMSOM final placement report 2026 for MBA program, 100% placement was recorded in 2026. The highest and average package recorded during IIT Bombay MBA placements 2026 was INR 53.8 LPA and 28.16 LPA.
IL Igniting Minds business case-study competition, season 3 was conducted at the ICICI Lombard Office in Mumbai where the students had an opportunity to showcase ideas to the senior management of the company. The winning team was from IIT Delhi and the first runner-up was from IIM Ranchi.
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Sanjana Surbhi is education focused content specialist with over five years of experience in education sector. She covers engineering and government exams. She holds Bachelor’s degree in Mass Communication from Patn
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