Lucknow, October 28, 2026: Indian Institute of Management Lucknow has invited applications for its newly launched MBA in Family Business, designed for owners of established family businesses and next-generation family business leaders. This two-year programme aims to equip participants with the managerial capabilities, strategic insights and leadership skills required to strengthen, transform and grow their family businesses across generations. The programme combines core management disciplines with specialised learning in family business strategy, governance and succession. It also prepares participants to navigate a changing business environment by embracing innovation, digital transformation and new avenues for growth and diversification. Its modular on-campus format, with approximately seven days of classes each month, enables participants to balance academic learning with their business responsibilities.
Phase 1 of the admission process began on October 16, 2026, and the deadline for submitting completed applications is December 31, 2026. Interested candidates are encouraged to apply early and check the eligibility criteria. Candidates can apply through the official programme website:
For any queries, applicants can contact the Admission Office at admission_nc@iiml.ac.in.
Highlighting the programme’s distinctive approach, Prof. Garima Mittal, Chairperson, MBA in Family Business, IIM Lucknow, said, “Family businesses must build on their legacy while preparing for the future. Our programme enables participants to apply management learning to their own enterprises, address real business challenges and develop strategies for growth and transformation. With support from IIM Lucknow’s Enterprise Incubation Centre (EIC), participants can also explore innovation and new venture opportunities, helping their family businesses remain competitive and thrive across generations.”
The programme will connect classroom education with practical business applications. A distinctive feature of the programme is its Family Business Labs, which run throughout the two years. In these virtual labs, participants work on their own family enterprises as live cases, addressing challenges such as business strategy, succession, innovation and new venture development. The Labs culminate in an actionable five- to ten-year Business Transformation and Growth Plan, developed with faculty guidance and industry mentorship.
Eligibility Criteria
To apply for the MBA in Family Business programme, candidates must meet the following eligibility criteria:
- A bachelor’s degree or equivalent professional qualification (CA/CS/ICWA) awarded by a recognised university or institution in India or abroad.
- Minimum 50% aggregate marks or equivalent CGPA in Class 10, Class 12 and the undergraduate degree.
- A minimum of 15 years of formal education under the 10+2+3 or 10+2+4 system.
- Must be an owner or scion of a family business or enterprise with a minimum annual turnover of at least ₹20 crore.
Admission Process
Candidate shortlisting will be based on standardised test scores from the GMAT, GRE or IIM Lucknow’s entrance examination. Shortlisted candidates will be invited for a personal interview.Further information about the admission process, eligibility requirements and application procedure is available on the official programme website: https://www.iiml.ac.in/mbafb. Interested candidates are encouraged to review the requirements and submit their completed applications by December 31, 2026.
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