Post Graduate Program in Family Managed Business [PGPFMB]

The Post Graduate Program in Family Managed Business, offered by the Indian School of Business at its Mohali campus in Punjab, is built for people already connected to a family enterprise who want a structured, academic grounding in how such businesses are run and eventually handed down. Rather than a general management degree, the coursework sits at the intersection of strategy, finance, governance and family dynamics, addressing the particular pressures that come with ownership, succession and the overlap between a household and a boardroom. Participants typically bring direct exposure to a family business, whether as a next generation member preparing to take on responsibility or as someone already involved in decisions about the enterprise, and classroom discussion draws heavily on peer experience rather than theory alone. Coursework covers building professional structures inside an informally run business, separating ownership from day to day management, planning leadership transitions across generations, and managing the financial and emotional stakes that a family enterprise carries in a way a purely professional company does not. Cases, structured projects and interaction with faculty and peers on the Mohali campus let a participant test ideas against their own business rather than a hypothetical one. On completion, most participants return to their enterprises better placed to formalise governance, plan succession with more clarity, and make a stronger case for structured decision making within a business their family already runs. Prospective applicants should treat the details on this page as a starting point: the sanctioned intake for the batch is allocated across the reserved and general categories the institute recognises, and the exact category wise breakup is published separately in ISB's own admission notice, since that matrix is reissued fresh for every admission cycle rather than fixed once and left unchanged.