The Mathematics Association of IIT Bombay was formed in 1978 as a student body organization aimed at bringing awareness, generate and promote interest, and facilitate communication among students of various age groups with an interest in Mathematics. It has been very successful in identifying and nurturing young talent in Mathematics. Targeted at motivating and encouraging student participation, this association aims to host activities at national level in the coming years. The quickly growing popularity of the association is not only a success for the association but for Mathematics itself.

The most important and widespread activity of the Association is the Mathematics Olympiad, a competitive examination, conducted in January each year.

Besides the Mathematics Olympiad, the association conducts Cipher, an annual inter-school mathematics quiz . This quiz has been widely acclaimed to be highly innovative and this is reflected by the rapidly growing participation in it. Hence, apart from promoting independent thinking, the association also inculcates the virtues of team spirit.

The Association also organizes,a Popular Lecture Series by eminent Mathematicians. This allows a direct link between students and Mathematicians doing work at the very cutting edge. Recent developments and applications in technology never fail to interest a plethora of students. This highlights the importance of these lecture series.