Evolve your vision.

Preserve your heritage.

Post Graduate Programme
in Management for Family
Business

ISB, Hyderabad Campus

Contents

Family Business About the

at a Glance Programme
Madan Pillutla
Dean and Professor of Organisational Behaviour
Indian School of Business

The ISB Greetings!

Difference
The Indian School of Business (ISB), evolved from a accomplished entrepreneurs and leaders from various
need for a distinctive business school in this region industries across the globe.
dedicated to providing the best management education.
ISB PGP MFAB is the pioneer in Family Business Our International Immersions in Kellogg School of

Programmes across the world. The programme is Management and the second business school from

the customised to cater to Next Gen Entrepreneurs to an emerging economy provides the setting for a
International Research take their family business to the next level. ISB PGP thought-provoking interplay of management thinking
Faculty
Immersion Acumen MFAB is an internationally recognised, research-driven, and practices from the West and the East, impact on

independent management programme that helps groom business strategy and policy through collaborations,

future leaders for India and the world. and multidisciplinary perspectives in our academic and
executive programmes.
The composition of its leadership and partners includes
business leaders, entrepreneurs and academicians, and Our global faculty are thought leaders in their respective

marquee institutions of higher learning like the Kellogg fields and have distinguished themselves as researchers,
Class Cutting-edge School of Management, The Wharton School, London management theorists, policymakers, and consultants
Key Lessons
Diversity Curriculum Business School and the Fletcher School of Law and for top family businesses in India and the world.

Diplomacy at Tufts University.

This, combined with the impressive infrastructure

The new comprehensive curriculum helps our students and serene landscapes, provides a great learning and

to navigate through the complexities of Family research environment. Students at ISB enjoy world-

Businesses and bridges the gap between family values class academic, residential, and recreational facilities.

and ambition.
Admissions This is an invitation to you to come and experience the
Life at Campus
and Fees The diverse peer group from the cohort and the legendary ISB story and to be a part of it. Become a

intensive networking through our growing 15,000+ global business leader through our unique programme

strong alumni base helps the students to work with and establish your family business legacy to greater
heights.

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 Family businesses are the backbone of
any market economy. They are sources
of wealth and job creation, driving large
workforces to contribute to outputs
that are major sources of revenue on a
national, and even a global scale.
And with 108 publicly listed family businesses, India has the third-highest
number of family-owned businesses.

The global financial climate produces new opportunities and challenges

every day for the modern entrepreneur.

For the new generation of family business owners, here’s a look into what
goes into making the finest entrepreneurs ready to be leaders of tomorrow.

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 A new generation rises
to meet new challenges

84 %
75 %
67 %
It is impossible to speak about business today without Set up for resilience: Family businesses are
referring to the Covid-19 pandemic. Businesses inherently resilient, able to ride out tough times with
of every size and from every sector are staring at carefully considered bets, designed to maximise
disruption unlike any they have experienced before. returns and minimise risk. Some of the most
Even family businesses, which have traditionally been successful businesses in the world are large family-
Indian Family Businesses Family businesses do not Family businesses do not
more resilient to downturns. owned conglomerates.
expect to grow aggressively carry on to second generation have a succession plan for
key positions
These family businesses have increasingly been These businesses have survived and thrived

35 %
43 %
12 %
focusing on innovation as one of the fundamental through generations despite challenging macro
pillars of their growth strategy. However, reinventing environments. The deciding factor in their
a family business that has been functioning with one exceptional success has always been their ability to
set of practices is no easy task. Focused executive reinvent themselves.
education designed for a new generation of family
business owners has been playing a pivotal role in Family Businesses plan to pass Family businesses do not Family businesses make
achieving this transformation. management to next generation have a succession plan it beyond the third generation

Sources: Businesses Standard, PwC

ISB, Hyderabad Campus

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MFABB/ /50 3
 A proud heritage of International Associations
learning innovation ISB was founded in association with world-class business schools like Kellogg and Wharton. ISB develops its
programmes and curricula in association with top global B-Schools like London Business School and the
The Post Graduate Programme in Management For Taught from the perspective of a business owner, the Fletcher School at Tufts University.

Family Business (PGP MFAB) at ISB is a 15-month programme walks young leaders like you through the
comprehensive general management programme for the process of transitioning into the powerful role at the
next generation of family business owners. head of the organisation. Specifically deisgned for the Founding Associate Schools Associate Schools
business landscape of tomorrow, the curriculum brings
The programme blends advanced management
a sharp focus on entrepreneurship, how to sustain the
concepts and practices taught on global MBA
business, exploring markets and expanding the portfolio
programmes with a contextualised perspective into
to lead business growth.
family businesses. The programme shows how global
best practices can and should be integrated into the
fabric of the family enterprise.

Triple Crown
Accreditation
The triple accreditation, also known as the ‘Triple
Crown’ is awarded by the three largest and most
influential global accreditation organisations. Held
by less than 1% of all schools, ISB is only the 100th
institution to receive this rare honour.

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 The ISB difference

The family behind your

family business. At ISB,
we understand family
businesses and the nature
of the ever-changing market.
We are an institution that’s
been in business since
2001, and owing to the
defining culture of ISB,
we became the youngest
institution to be featured
in the Top 30 list of Global
MBA Rankings.
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 International Immersion
The programme includes two international immersions. It is a brilliant learning opportunity to understand global,
culturally diverse perspectives on family business.

Gain a world-class study experience Gain Insights into Emerging

In the First mandatory international immersion,
Economies at Second International
students gain world-class experience at a top global Immersion
B-school for one week. The second international immersion is going to be in the
emerging markets at one of the leading B-schools. The
experience combines in-depth expertise of business
in emerging markets with on-site tours of successful
local companies, industry guest speaker sessions, and
insights into growth strategies, the complex challenges
of high growth enterprises and global leadership.

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 Learn from the most
exclusive faculty in
the world
The heart of any good educational institution is its faculty. And
at ISB, we are proud to have the finest minds in entrepreneurship
teaching young minds to be leaders of tomorrow. What we offer
is not just a single objective but a holistic perspective of the
industry through 50+ resident faculty and 100 visiting faculty.
The quality of the faculty is nothing less than top-notch with each
member holding a doctorate degree in their field of expertise.

Visiting faculty from top business schools worldwide also teach

at ISB, bringing their perspectives into the mix and enriching it
further. This dynamic research environment is made even more
vibrant by the visiting scholars and research scholars that the
School hosts each year.

Get to know the impressive credentials

of the global faculty who will be
teaching on the programme:

https://www.isb.edu/mfab/
programme-overview/faculty

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 Gain from pathbreaking
research at India’s most
research-productive School
Top global schools earn their credentials
on the advanced, high-quality research
they conduct. And ISB joins their ranks
as the most research-productive school
in India according to the prestigious
FT rankings of 2019. It’s this focus on
research that gives our students the
edge over others. The resident faculty is
research-oriented in their approach along
with the international faculty that brings
market wisdom and experience on board.

Thomas Schmidheiny Centre for

Family Enterprise
The Thomas Schmidheiny Centre for Family Enterprise India and Asia, through collaborations, conferences,
(ThS_CFE) at ISB, generously funded with support workshops and forums. These engagements have
from Thomas Schmidheiny, Founder and Chairman of helped the Centre contribute significantly to the
Spectrum Value Management, Ltd, Switzerland, was growing body of research on various aspects of
launched on February 7, 2015. The Centre combines family business and emerge as the face of family
knowledge, practice and innovation in the field of family business scholarship in India.
business to foster the prosperity and perpetuation
of family businesses across generations. The Centre
engages closely with leading family businesses in

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 The domain of family business is very vast in India and Family Businesses are highly influenced by the context,
worldwide. Today, family businesses are the largest culture and environment in which they originate. A
wealth creators in India. Apart from the large family multi-cultural and diverse country like India provides
businesses in the country, a significant portion of a natural breeding ground for wide varieties of family
organised MSMEs are family owned and managed. enterprises with their own unique set of issues,
MSMEs form an important segment of the Indian challenges and problems. Hence, instead of a one-
economy and contribute about 30 per cent of India’s size-fits-all approach, they need customized solutions
GDP. The Nifty 50 has more than 30 family-controlled backed by research and practical insights. ThS_CFE
companies. More than 90 % of the listed companies in develops and disseminates India centric knowledge
BSE/NSE are family controlled. through research, reports, case studies, articles, and
outreach activities that fill the gap between theory
Success of all family businesses depend on the high- and practice. MFAB students, the future leaders of
quality governance they practice. Also, successful their respective family businesses, are an important
leadership transition across generations is crucial stakeholder group for the Centre. The Centre is
for family business continuity. Well governed family committed to help the next-generation members
businesses that thrive through multiple generations prepare for future challenges and opportunities,
groom their next generation members early on. Capable become successful entrepreneurs, effective leaders,
and professionally educated next-generation members and a catalyst for growth and change in their family
are the biggest asset of any family business. businesses.

MFAB programme helps the next-generation members The ThS_CFE team looks forward to interacting closely
become high quality professional owner managers and with the MFAB students and assist them in having a
master the concepts and skills required to navigate more fulfilling learning experience.
through the complexities of a career in their family
business.
Dr. Sougata Ray
Executive Director, Thomas Schmidheiny Centre for
Professor Kavil Ramachandran Family Enterprise, Thomas Schmidheiny Chair &
Senior Advisor, Thomas Schmidheiny Centre for Family Professor of Strategy and Entrepreneurship Practice
Enterprise

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 Key lessons to lead generations
The MFAB programme is designed to give students a holistic learning experience while imparting leadership Holistic understanding of family Sustaining and growing the family
instincts for the real world. Here’s how the course sharpens the finest entrepreneurial minds for the business businesses business
challenges that lie ahead.
The importance of family business is reinforced, and It provides support and opportunities for not only
a deeper appreciation of the current success and the participant students but also for the senior
progress made by the family. This is done through members of family management to learn and
experienced faculty and staff understand each other to enable continued growth

Developed decision-making
Family business poses extraordinary opportunities
and powerful pressures at the same time. Business
leaders confront a variety of challenges ranging
from attracting talent to unlocking business value.
The programme helps identify these issues, create
opportunities and overcome risks while making key
business decisions

Enhanced leadership skills

The focus on quality learning during the programme
equips the participants with the latest management
methodologies, tools and techniques. For enhanced
management and decision making in the family
business setting. It enhances the leadership skills
of the participants, so they play active roles in
fuelling the growth of the family business.

Global exposure
The programme draws from the best management
practices in family businesses across the globe
and aims to groom business scions in areas of
planning, objective setting, and astute management
of their family businesses. While each family’s
situation is unique, there are best practices that can
be applied to every family business’ success and
reduce conflicts.

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 Power of diversity
At ISB, you will be introduced to a diverse group of students for a truly international education.
Students come from varied educational and work backgrounds.

23% 6%
29 - 31 Years 6-8 Years

Work
7% Age 70% 29% Experience 65%
25 - 28 Years Group 20 - 24 Years 4-6 Years 2-4 Years
Up to 2 years

“ISB alone offers the best platform for family business owners to “The MFAB programme is not only about education, it is also
upgrade their skills. It ensures the right environment and network about making connections and learning from the experiences
of professionals where each individual is exposed to a variety of and mistakes of your peers. MFAB changes your approach to
different business cases and know-how.” doing business. We start to focus more on how rather than why
and to solutions rather than problems.”

Vinay Agrawal, Co’14 George Emmanuel Ramapura, Co’17

Director, Hira Group of Industries Vice President - Projects and Design, Orange County Resorts and Hotels

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 36% Others Above
33% Manufacturing 1,000 Cr

12%
500-1,000 Cr

Industry 10% Company

100-500 Cr
8% Infrastructure Revenue
Construction Up to 10 Cr
5% Education
and Research 8% Real Estate 17%
50-100 Cr
5% Automobiles 6% Textile / Clothing /
Fashion 45%
6% Trading / 10 - 50 Cr
Wholesaling

“Understanding the pros and cons of succession planning and “MFAB is tailor-made for the unique challenges faced by family
discussing work with peers who gave another perspective even business leaders. The ‘MFAB Thought Process’ is what I value
though they belonged to another industry was definitely worth the and cherish most from my time there. Imparted to us through
time spent on MFAB. It was the perfect programme to learn as I world-class faculty and peers attending MFAB was an invaluable
worked at my family business.” experience.”

Priyanka Mantri, Co’14 Rishabh Agarwal, Co’16

VP - Marketing, Mantri Developers Senior Manager, Marketing, Shree Ji and Company

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 Cutting-edge Curriculum
Leadership Engagement
The world-class curriculum for PGP MFAB begins with a digital head start to bridge any knowledge gaps,
followed by modules on Thematic Organization of Courses on Family Business Ecosystems, Financial and

and Development (LEAD)

Wealth Management, Business Strategy Growth and Innovation, Governance and Leadership for Family
Enterprises to maximize your impact. This learning is essential for anyone in line to inherit their business.

Extend your network by living and working with accomplished entrepreneurs from various backgrounds and
industries with operations around the globe. Mentorship by faculty and alumni, peer feedback, opportunities
to build relationships with a diverse group of peers and business leaders, and rich experiential learning will
allow students to be more aware of their leadership strengths and gaps and take on greater opportunities that Family Business, strategy, Digital Governance and Financial and wealth
business growth and headstart leadership for family management
accelerate their career and firm growth. enterprises
ecosystems innovation

18P/GPPGM
P FA
MFAB
B / 24 P GPPGMFA
P MFA
B /B 2/51 9
 One school.
Two campuses.
ISB has two state-of-the-art campuses, one in
Hyderabad and a new campus in Mohali, both
bringing a world-class learning environment to India.

Life at ISB Student clubs Initiatives Social life Graduate Student Body Campuses
ISB strives to provide a global A critical part of learning is the ISB encourages students to Families are welcome at ISB. PGP students are part of The The two state-of-the-art campuses
experience for our students that school’s cultural environment. undertake initiatives either Married students can choose Graduate Student Association at ISB have been thoughtfully
extends beyond academics. The Formed by functional or industry independently, or as part of a to live in single-bedroom (GSA) that is governed by constructed to provide an
world-class infrastructure and extra- interest areas, and driven by student group to help you gain furnished apartments and the Graduate Student Board environment that is conducive
curricular activities at ISB are an students, Student Clubs help you an in-depth understanding of families with young children (GSB). The GSB comprises to learning, research and gaining
extension of this idea. Accommodation stay connected with the latest different industries and their can avail of the day-care centre. of representatives elected by real-world skills from activities and
and recreation facilities are on par development in these areas. inner workings. members of the GSA. interactions.
with the top B-Schools of the world
and even provides for students whose
families live with them.

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 Admissions
and Fees
Eligibility
• Bachelor’s degree or an equivalent
qualification (like CA etc)
• Work experience not mandatory, although
recommended.
• Members of family businesses intending to carry
it forward.

Application procedure
• Application fee of Rs. 15,000 will be charged. This
fee is non-refundable.
• Business Admissions Test (BAT): Available in
online and written format as the first step of
evaluation.
• Interview: Shortlisted candidates will be called for
interviews, 2-7 days prior to the interview. Programme fees Added value Notes
• The tuition fee is payable in 4 equal installments over 12 months
The programme fee 2024-25 is ` 42,13,000 plus taxes. A senior member from the participant’s family can • ISB reserves the right to revise the programme fee
Selection criteria It includes accommodation, food, books and course attend a 3-day executive programme ‘Family business: • The refund of any fee is subject to the refund policy prevailing at
the time of seeking a refund
A meticulous selection of candidates takes place material. Travel costs are not included. A refundable Growth and transformation’ free of cost.
• Service tax rate applicable will be as notified by the Government
after the interviews. Only the best, with a will to security deposit of Rs. 20,000 has to be paid in addition
from time to time
create and the drive to succeed are shortlisted to be to the amounts mentioned above. This amount is
Important dates: August 2025 • It is mandatory to live in accommodation provided by the School

a part of the prestigious MFAB programme at ISB. refundable after deduction of any dues payable to the during the days of classes
school. Round 1 November 10, 2024 • Participants may be required to purchase other electronic aids
(iPad etc.) as per programme specifications
Here’s what is taken into Round 2 March 9, 2025
consideration during selection Alumni Association Membership fee
Additional costs
The Alumni Association Membership fee of ` 25,000 • Travel for classes at ISB-Hyderabad/Mohali
• Knowledge of family business
has to be paid at the beginning of the programme. It is • Travel (airfare/local conveyance) for the international immersion
• Leadership potential
• Accommodation during field trips and travel associated with field
non-refundable for participants who successfully
• Inclination towards achievement trips
graduate from the programme. This fee will be fully
• Work experience • Purchase of laptops and other electronic aids recommended by
refunded for participants who do not graduate from the
• Undergraduate degree scores the programme office
programme either due to withdrawal or failing to clear
• BAT score • Other miscellaneous expenses like mini bar, laundry, beverages,

• Scale, size and legacy of business the examinations. meals outside campus etc.

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PGP MFAB Admissions Office
Ph: +91 80474 86474 | Email: [email protected] | Web: www.isb.edu/mfab

Indian School of Business

Hyderabad Campus: Gachibowli, Hyderabad 500 111.
Mohali Campus: Knowledge City, Sector 81, SAS Nagar, Mohali 140 306.

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