Institute of Business Studies &amp; ResearchInstitute of Business Studies &amp; Research Institute of Business Studies & Research The Institute of Business Studies & Research (IBSAR) is a business school located in the CBD Belapur district of Navi Mumbai and also at Baner Pune, India. IBSAR was established in 2005 in Mumbai and 2007 in Pune. It focuses on business programs for specific disciplines and places emphasis on training for the business world. The executive director of the Institute is Dr. M. L. Monga. ISBAR is also certified for quality management systems. IBSAR Has its own college building & hostel. IBSAR has applied for AICTE approval. Institute of Business Studies & Research The Institute of Business