Durgadevi Saraf Institute of Management Studies was established by the Rajasthani Sammelan Educational Trust in Mumbai in 2010. Get Direct MBA Admission in Durgadevi Saraf Institute of Management Studies Mumbai. Management Quota Seats in Durgadevi Saraf Institute of Management Studies. The trust began in 1948 in Mumbai with an aim to promote various educational activities and at present, there are more than 15,000 students who are receiving their education through various institutions run by the trust. The Durgadevi Saraf Institute of Management Studies Admission is offered in management and related fields.Post Graduate Diploma in Management [PGDM] is the flagship program of this institute and is approved by AICTE and the Government of Maharashtra, Department of Technical Education. PGDM provides students with the same four functional areas as in MMS but with an additional feature that, its specialization tracks are regularly orchestrated with the ever-changing needs of the industries. Hostel facility is available for its students.