JOIN USSP Jain Centre of Management is likely to open its campus at Sydney Olympic Park in 2012, according to AAP report.
It will be the Mumbai-based company's third international campus after Dubai and Singapore, with its location in the final stages of negotiation.
SP Jain president Nitish Jain said once established, all the school's international students would attend the Sydney campus for some portion of their education.
The campus will open with 120 students, but numbers are expected to peak at about 600 to 700 by 2015-16.
"We all know that businesses have gone global, so business schools should also go global," Jain, who was here attending the Forbes Global CEO Conference, said.
"Students don't choose one of the campuses, but they get to go to all of our campuses, and as a result they get exposed to different business environments, different business conditions, learn about different culture," he said.
The decision to build the campus in Sydney is expected to create 150 jobs over the next five years.
Jain said safety had been a concern following high profile attacks on Indian students in the past 12 months, however the school was convinced Sydney was safe.
SP Jain does not cater solely to Indian students, he said, with 16 countries represented in a September intake at the Singapore campus.
"We're convinced that after several discussions with the local government, with members from the police force, that (Sydney) is indeed very safe," Jain said.
"It did get harsh media treatment, especially in India.
"We're convinced that was overstated."