IAM Membership

About IAM Memberships


IAM broadly offers 2 types of memberships listed below. 

1. Individual memberships for Students, Members, Associates and Fellows. 

2. Corporate memberships for Corporates, Academia, Not-for-profit bodies and Government institutions. 

 

Benefits of IAM Memberships


Members of the IAM benefit in 4 key areas: 

1. Connection and networking with asset management community

2. Developing professional capability

3. Expand and develop asset management knowledge

4. Recognition from peers

To discover our membership benefits,explore our membership brochure to learn about the exclusive benefits and resources that IAM members enjoy.

 

Membership Committee

Total 40 years of rich, cross-functional and varied experience (previous and current roles) in Asset Management and related roles, across physical asset lifecycle phases, in large, asset intensive, multi-locational organizations in India.
Overall experience spans Project & Project Engineering Management, Commissioning, Operations & Maintenance Management, Condition Monitoring, Asset Integrity & Reliability Management, Asset Management, Process & Workplace Safety Management, Planning & Strategy.
Had held Technical, Functional, Management & Leadership roles at the Project Office, Manufacturing Plants, Site Central Reliability and Group/CoE levels.
Experienced in Step Change and Transformational Programs in the Management areas of Maintenance, Asset Integrity & Reliability and Process Safety including their Governance. Had been core Business & Functional Team Member for enterprise Digitalization & Business Transformation of Reliability and Asset Management across.
Member of SMRP, IAM (Reciprocal Member), AIMA, IEI, ISTD, CVS and ABLE
Currently providing value-added Consulting Solutions & Services to both Asset Owner Operators and various Solution/Service providers.

Email: np.sundar@india.theiam.org

 

Individual Memberships


The IAM memberships operate under a federated hub-spoke model and tiered pricing structure for individual memberships. 

 

Understanding the Federated Membership Model

The IAM India works under a collaboration agreement with the international Institute of Asset Management registered in the UK as a not-for-profit organisation with chapters in several countries around the world. Individual memberships are issued from various chapters.

This enables the chapters to organise events locally and develop a body of knowledge that is more suited to the needs and industry practices of the region. To maintain synergy between the different chapters, IAM centre issues professional qualifications like certificate, diploma, AMP etc, decides pricing and produces key documents and body of knowledge common to all chapters. This hub and spoke arrangement allows greater flexibility for chapters to tailor content more suited to local members while preserving core body of knowledge and qualifications across chapters. 

 

Understanding the Tiered Pricing Model

The IAM has introduced tiered pricing membership model, designed to ensure that the cost of IAM membership is fair to professionals worldwide. This strengthens our commitment to advancing the discipline of asset management across our global community and builds on our values. 

Tiered pricing model offers reduced membership rates to individuals residing in countries classified as middle-income (either upper-middle or lower-middle) and low-income countries, as per the World Bank Classification. This means that professionals from different corners of the globe can now join the IAM and enjoy the benefits of membership at rates that are fair for the country in which they reside.

 

Becoming an Individual Member

The IAM India disburses memberships to Indian citizens. The memberships are prices as per IAM's tiered pricing model. The membership prices for 2024 are listed below. 

 

Students Associates Members
INR 1,680 INR 8,500 INR 8,500

 

The prices are subject to changes (YoY) as per prevailing statutory and taxation regulations, agreed exchange rates and pricing set by IAM centre. To find more about IAM India Individual memberships, visit the page linked below. 

IAM India Individual Memberships
Tiered Pricing Categories

Tier 1: High-income countries: £140/€165/US$200.

Tier 2: Middle or lower-middle income countries: £81/€96/US$120.

Tier 3: Low-income countries: £54/€64/US$80.

Detailed membership costs (2024) are tabulated below.


Joining our community will enable you to succeed - become a member today!