- R. Shanker Award for Best Special Grade Private College in Kerala: 1998-1999 & 1999-2000
- Maulana Abul Kalam Foundation Award for innovative academic Activities: 2001-2004
Farook Institute of Management Studies (FIMS) is a leader in the field of business education in Kerala, promoted by Farook College, Calicut the stalwart in the higher education scenario of North Kerala since 1948. The contribution of Farook College in the educational renaissance of Malabar is unparallel. The campus has molded some of the best talents in the fields of Literature, Politics, Civil Service, Science & Technology, Medicine, Media etc of national and international acclaim. FIMS has inherited this proud legacy and offers the best in management studies with a motto of creating management professionals with a global outlook.
Farook College, affiliated to University of Calicut, facilitates doctoral programs in various disciplines, apart from other regular academics. Farook College has been accredited by the National Assessment and Accreditation Council Bangalore, with a CGPA of 3.34 on a four point scale valid from March 2009. The college has been identified as a College with Potential for Excellence by the University Grants Commission. Farook College has attained an enviable stature over the years. Among the outstanding awards that the College received includes: