EDC was formed in the year 2009 with the motive of providing the students with a close exposure of the corporate working and instill the values of leadership and innovation. The EDC provides support and mentorship to the budding entrepreneurs through the social incubator and in-house mentors and faculty guides. EDC in association with Startup Oasis, AICAARTECH, Villgro, IIM Ahmedabad and the UK Government has launched the Social Accelerator - MP which enables and empowers both the new ideas and already running organisations. EDC is the proud host of Coalescence, Daksh and numerous B-plan events and workshops.

Creativity is the essence of life. The Literary Club helps students in bringing out their hidden talents that can pour out in multiple forms of literature. From Poetry Competitions (Nazm-e-Nama), Debates, Discussions, Taboo Talks to sublime creative writings such as Terribly Tiny Tales the club covers it all. This helps the students to expand their creativity base and explore new ideas. ‘Imagine’ magazine is one such platform where we cover and capture the creativity of the students.

"Discover an intellectual haven at our institute's Academic Club—a thriving space facilitating profound discussions, interdisciplinary exchanges, and collaborative endeavors. It cultivates an environment steeped in academic brilliance, encouraging curiosity and innovative thinking. Engage with a community of enthusiastic scholars committed to the pursuit of knowledge. Embrace diverse viewpoints, partake in stimulating events, and embark on an enriching academic odyssey. Elevate your educational journey, broaden your perspectives, and forge enduring connections within our Academic Club—a convergence of minds fostering limitless learning and boundless exploration."

Pratibimb - the Dramatics Club of IIFM, stages various plays and dramas throughout the year in and out of the institute. It gives the students wings to express themselves freely, which adds to their confidence, imagination, empathy, cooperation and communication. It also screens movies on weekends to provide much-needed relaxation to students after hectic weekdays.

The Public Relations Cell is the mouthpiece of IIFM, responsible for all external and internal communications. The Cell manages media relationships of the institute by covering various events, preparing press releases, handling social media handles, and designing campaigns. It aims to position and popularize the brand IIFM Bhopal across a variety of platforms.

Sports Club goes with the thought of “A sound mind in a sound body” and thus organizes a number of events throughout the year involving almost every student and many faculty members. With the hectic schedules over the week, the weekends are a perfect respite to sweat it out in enthusiastic inter-section Volleyball, Football, Throwball, Cricket, and Basketball matches.

"Within the institute, Sankalp stands as a beacon of societal change and altruism. Committed to driving impactful social initiatives, this club channels collective efforts toward addressing pressing community challenges. Through advocacy, empowerment, and active engagement, Sankalp strives to uplift marginalized groups and enact substantive transformations. It serves as a rallying point for individuals passionate about effecting meaningful societal changes. Joining Sankalp means embarking on a journey of social responsibility, where each action contributes to a more equitable and inclusive future. Sankalp—a platform where dedication converges with purpose, sparking enduring change through united endeavors."