Faculty of Management Studies – University of Delhi (FMS Delhi or The Red Building of Dreams) is a leading business school located in New Delhi, India. It was established in 1954 under the umbrella of the University of Delhi and is often cited as one of the best business schools in India. The institute was started at the Delhi School of Economics premises under Dean A. Dasgupta of the Delhi College of Engineering (DCE). Regarding the management studies at FMS, the tuition fees are very low compared to the other MBA colleges in India. The institute occupies the first place regarding the return on investment(ROI) of MBA colleges in India.