Is Integrated Diploma in Management (IDM)from iim indore equivalent to mba of iim ? how is it different and does it gives a bachelor degree

Chinmay Autonomous Institute offers DIPLOMA/PG Diploma. They don't offer any Degree or PG degree, but these are equivalent to universities degree. one year Diploma is not equivalent to Graduate degree, but you will get an advantage if you have both Bechlor Degree and Diploma in Management.