The Indian Institute of Management Lucknow announces its IIM Lucknow MBA Family Business program. The program addresses established entrepreneurs and business successors. 

This specialised, non-residential IIM Lucknow MBA Family Business curriculum focuses entirely on equipping family enterprises with modern management tools to scale operations, manage generational transitions, and drive sustainable corporate growth without relying on traditional campus placements. 

Eligible entrepreneurs can apply directly online via the official IIM Lucknow MBA-FB Portal.

IIM Lucknow MBA Family Business Program Eligibility

Admission to this elite program follows strict academic and business health parameters. Applicants must hold a bachelor’s degree or professional qualification.

  • Academic Qualifications: Applicants must hold a bachelor’s degree or an equivalent professional qualification (such as CA, CS, or ICWA).
  • Minimum Marks: A minimum of 50% aggregate marks (or equivalent CGPA) is required across Class 10, Class 12, and graduation.
  • Business Scale Threshold: The candidate’s family business must have a minimum annual turnover or investment of INR 20 crore.
  • Accepted Entrance Exams: Admission requires a valid score from the GMAT, GRE, or the proprietary IIM Lucknow Entrance Exam.
  • Final Selection Stages: Shortlisted candidates must successfully clear a Writing Ability Test (WAT) and a Personal Interview round.

Key Admission Timelines

  • Phase 1 Application Deadline: December 31, 2026
  • Phase 2 Application Deadline: April 2, 2027
  • Program Commencement: July 2027

 Curriculum and Experiential Highlights

The total fee for the two-year specialized curriculum is set at ₹25,00,000. The course structure departs from theoretical pedagogy to offer rigorous, hands-on strategic interventions across six trimesters:

  • Strategic Labs: Students will participate in six dedicated family business labs to tackle real-time enterprise challenges.
  • Family Engagement: Workshops are designed to include parents and siblings to smoothly facilitate governance and succession discussions.
  • Capstone Transformation Plan: Every graduate will exit the program with a customized, actionable 5-to-10-year Business Transformation and Growth Plan for their enterprise.

What is the IIM Lucknow MBA Family Business Programme?

It is a management programme designed to develop leadership and business management skills for family-owned enterprises.

Which batch is the programme designed for?

The programme has been launched for the 2027–2029 batch.

How can candidates apply for the programme?

Candidates can visit the official IIM Lucknow website for admission eligibility, application details and important dates.