We present a preliminary snapshot of the social composition of faculty at the Indian Institutes of Management (IIMs). We find that the faculty body at these institutions is drawn from a very narrow spectrum of Indian society. We argue that by not paying attention to faculty diversity, IIMs engender a crisis of relevance and legitimacy. The proposed legislation that will convert IIMs into degree granting institutions offers a canvas for public deliberation on the question of social diversity at IIMs.