Management Programme for Entrepreneurs and Family Owned Businesses (MPEFB)

Venue/Deadlines Program Dates Program Fees
Venue: IIMB Campus
Last date to Apply: 20 June, 2023

Start Date : 10 Jul, 2023
End Date : 30 Dec, 2023
Residential Fee:  Rs. 8,25,000 + GST
Non-Residential Fee:  Rs. 7,27,000 + GST
International Immersion Fee: US $ 2500 + GST

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Starting In
CXO, Senior Leaders
Long Duration
International Travel
Alumni Status

Management Programme for Entrepreneurs and Family Businesses (MPEFB) is a top ranked Executive Education programme for family business owners and entrepreneurs. It helps in learning skills and capabilities to grow, innovate, and manage business.


IIMB initiated this programme for entrepreneurs and family business owners in the year of 2007 to enhance business management skills, implement latest technological, digital and strategic initiatives, to create sustainable and future-ready businesses. The programme is intended to impart an essential set of managerial skills to successfully carry out their businesses in fast-changing business environment. This long-standing program has been well received by 13 cohorts in the past. The uniqueness and effectiveness of the program are based on these four pillars:

  • Foundational Learning: Get a 360-degree view of business, its operating environment, and its functional management through classroom sessions with world-class IIMB faculty and industry-leaders.  
  • Action Learning: Work on a new developmental or problem-solving initiative within businesses with periodical advice and review from faculty mentors at IIMB.
  • Peer-Learning: Learn from a cohort of participants with similar business challenges and exchange different perspectives and ideas. 
  • Self-Learning: Reinforce core functional management topics like Accounting with optional access to self-paced learning using MOOCs [Massive Open Online Courses].

Top-notch faculty, contemporary content, a great learning environment, and application orientation make the IIMB Exec Ed programmes world-class. 

About IIM Bangalore

Learning Outcomes

The participants attending the Management Programme for Entrepreneurship and Family Businesses (MPEFB) will learn how to:

Build successful ventures-

  • Nurture creative and innovative thinking and identifying business opportunities.
  • Shape business opportunities using experimental and frugal approach to counter uncertainty.
  • Stabilize a configuration of new opportunities to position them for scale-up.

Develop business strategies to

  • Articulate vision and strategies for competitive excellence.
  • Configure the organization to align with strategies.
  • Achieve operational excellence through effective execution.
  • Nurture a talented and experienced team.
  • Measure and communicate performance to stakeholders.
  • Retain stakeholder support through effective governance and practices.

Adopt best practices to ensure trans-generational continuity of Family Businesses

  • Define the entrepreneurial vision for both the family and business.
  • Adopt effective mechanisms to proactively manage the family-business interface.
  • Meticulously plan for succession and professionalization to ensure long term sustainability

Programme Director

Professor Suresh Bhagavatula – Professor – Entrepreneurship
Prof. Bhagavatula’s research interests intersect Entrepreneurship and Social Networks. In entrepreneurship, his interests are in both low- and hightechnology firms in India. Within the social network domain, he is interested in understanding the influence social capital has on the performance of entrepreneurs and teams. His research has been published in top journals such as Journal of Business Venturing, Entrepreneurship Theory and Practice, and Strategic Entrepreneurship Journal.


Professor Sai Chittaranjan Kalubandi- Assistant Professor – Strategy and Entrepreneurship
Prof. Sai Chittaranjan Kalubandi is an Assistant Professor in Strategy and Entrepreneurship at the Indian Institute of Management Bangalore (IIMB). Sai’s research interests intersect strategy and entrepreneurship. His research interests in strategy are in nonmarket strategies, internal markets, institutional reforms and internationalization. In entrepreneurship, Sai’s research interests are in international entrepreneurship, entrepreneurial pivots, and new venture funding. He received his MBA (Finance) and MPhil (Management) from the Sri Sathya Sai Institute of Higher Learning and was awarded the All Rounder Gold Medal in 2009. He completed his PhD from the Indian Institute of Management Ahmedabad in 2019 and was a recipient of the Prof. Tirath Gupta Memorial Best Thesis Award in 2019. Sai has presented his research at several reputed international conferences, and has published a paper on outsourcing and firm performance and a book chapter on philanthropic healthcare models. 

Professor Hyun Chul Maeng – Assistant Professor – Marketing PhD (Marketing), HKUST Hong Kong , MSc (Business Administration) Seoul National University Korea, BBA, Seoul National University, Korea
Prof. Hyun Chul Maeng’s research interests are in strategic marketing communications and in consumer judgment and decision making. He uses experimental and analytical tools to gain exciting insights into managerial relevance. He teaches marketing communications and marketing management at IIMB. He also writes articles introducing Indian consumers and marketing in South Korean media. He received Ph.D. in Marketing from HKUST, and earned MSc in Management and BBA from Seoul National University. Before his Ph.D. studies, he worked at LG Chem and engaged in extensive volunteer work in education in Kazakhstan.

Who Should Apply

The programme is designed for entrepreneurs and individuals who run family businesses. Profile requirements are outlined below:

  • Participants should be graduates with 5-years of experience after graduation. 
  • Those with professional qualifications from well-known/reputed educational institutions are preferred. 
  • Participants are expected to have a track record as entrepreneurs. If the applicant is an owner involved in building high-growth enterprise, the criterion of experience may be relaxed at the discretion of the Programme Directors. 
  • Participants are expected to have the requisite aptitude and skills to be able to work independently on computers to be able to accomplish the learning goals of the programme.
  • Participants are also required to have the requisite attitude and participate actively throughout the programme. 

Programme Charges

Programme Fee
INR 8,25,000/- Residential and INR 7,27,000/- Non -Residential (+ Applicable GST) per person.

International Immersion Fee

International component: USD 2,500 + applicable GST(In-person delivery) or USD 500 + applicable GST (Live Online delivery)

Please Note
All enrolments are subject to review and approval by the programme director. Joining Instructions will be sent to the selected candidates 10 days prior the start of the programme.

The programme fee should be received by the Executive Education Office before the programme commencement date.

In case of cancellations, the fee will be refunded only if a request is received at least 15 days prior to the start of the programme.

If a nomination is not accepted, the fee will be refunded to the person/ organisation concerned.

Certificate Sample

MPEFB Sample Certificate

How To Apply for the Programme


  • MPEFB has given me effective tools to analyse my business and the overall business environment today. The class had the opportunity to learn from the finest faculty in the country. The orientation was truly remarkable and a great introduction for the entire class. Overall it’s a great course for someone from a business background or wanting to start something new. The blend of studying while working is a great experience.

    Siddharth Adeshra - MPEFB 10
    Director, Keshavji Chhaganlal Jewellers Pvt Ltd
  • I believe that my primary learning came from experiences of the peer group. It was fascinating to  understand challenges, strategies, market situations etc. from entrepreneurs across industries as diverse as travel, IT, auto components, textiles, chemicals etc. Classroom instructions were important, but peer learning was invaluable.

    Rahul Budhraja - MPEFB 7
    Director, GoodEarth AgroChem Pvt Ltd (India), GoodEarth MinChem Pvt Ltd (India), GoodRock ChemWorks Pvt Ltd (South Africa)
  • The MPEFB has been one of the most rejuvenating experience of my life. The curriculum proffers the entire gamut of topics relevant to the local markets. The course content is diverse and also covers the niche subjects inter alia. Not to forget the venerated faculty members and their seamless contribution towards the program. Environment of N-block has its own microcosmic charm which makes the learning experience fulfilling and conducive.

    Hemant Shrimali - MPEFB 10
    Director, Shrimali Realty Pvt Ltd
  • IIMB is a great place to be in. MPEFB is not just about managing business but also about managing one’s own time and priorities. It is a wonderful experience where you get to discuss interesting ideas with like-minded people from across the country.

    Rishab Mittal - MPEFB 10
    Proprietor, KRM Enterprises
  • I got into the program thinking I already knew many aspects of running a business. MPEFB effectively broke down every aspect of what I knew about business and also helped me reconstruct these ideas with a lot of relevant content and case studies. I now feel like I have walked out with a stronger foundation and I’m ready to make a difference to my business, to the people around me and to the world.

    Shreyas Mangalore - MPEFB 11
    Chief Executive Officer, Fortune Chemie
  • Entrepreneurship is not just a way of life, it is a science, and that is what we learnt through this cohort, the professors and the alumni. MPEFB has introduced a process driven way of managing business.

    Abhishek Bera - MPEFB 11
    Managing Director, A P Construction