Foundation Day Cup is organized in the second term, to coincide with the Foundation Day (October 28) celebrations of the institute. The spirit of this competition is providing a platform for informal interaction between everyone who is a part of the IIMB Community. Therefore teams from PGP, FPM, PGSEM, EPGP, Exchange Students, and Faculty, Officers, Staff including Hostel & Mess, MDC, and Security teams compete in around 7 events every year.