Search MBA Program details at Lal Bahadur Shastri Institute of Management - LBSIM New Delhi: View Latest News, Fees, Eligibility & Process, Ranking, Placements, Courses and More Details to Decide Your Admission. LBSIM takes pride in being one of the foremost institutes in providing value-based management education, thus developing professionals with a humane and pragmatic approach on the march towards corporate excellence. The institute has state-of-the-art infrastructure and a fully air-conditioned building in Dwarka, New Delhi.