Family Managed Business (PGFMB) is an 18-month program conceived with the objective of training and developing the incumbents of family managed businesses. It is a solution to the dilemma of whether to pursue an MBA or to join the family business, by retaining the merits of both at the same time.

The FMB program requires the participant to learn at the institute for one week per month and gain hands-on business experience for the remaining three weeks of the month. What is learnt at the institute is to be applied in the business before the commencement of further learning in the consequent month. In the process, the participant gains expertise in the academic aspects of management education as well as the practical side of the family business.

The central theme of the program is to prepare the participant for a leadership role in his/her family business and to be a positive influence in the family’s business organisation. The program has an alumni base of over 1,000 participants from diverse industries across India, Dubai and Nepal.