I totally disagree with the previous answer by ‘Mr. Dinesh Shirvaikar’. I don’t know why he has replied to this question without any basic knowledge of IITs & NITs. Maybe he is very active on social media and gathered this useless information from there only.
As a student of IIT Indore and former president of IIT Indore Students’ Gymkhana, I find myself more correct & reliable to answer this question.
Yes IIT Indore is prestigious institute. In india as per the MHRD ranking IIT Indore is ranked 15th in engineering category and 5th in Teaching Learning and Resources category.
Here is the link of official MHRD ranking
MHRD, National Institute Ranking Framework (NIRF)
However, IIT Indore does not have any world ranking, but IIT Indore made to world finals three times back to back (2014–2016) of ACM ICPC. The ACM ICPC is considered as the ” Olympics of Programming Competitions”.
IIT Indore won gold medal in Women’s Shotput in Inter IIT Sports meet this year (2016–17).
IIT Indore is already shifted to it’s permanent campus. All the labs are developed. Yes, we have brilliant minds of this country, not only as students but also as the faculty members.