PGPFMB
Postgraduate Programme in Family Managed Business (PGPFMB) is our flagship programme. It is an 18-month modular programme designed to groom new entrants in family businesses.
SPJIMR Centre for Family Business and Entrepreneurship (CFBE) aims to promote an entrepreneurial mindset and catalyse the sustainable growth of family business and community entrepreneurship ecosystems. CFBE provides family business leaders with the skills, ecosystem network, global outlook, and mindset required to pursue business growth while sustaining family values. CFBE offers a specialised Post Graduate Programme in Family Managed Business (offered since 1997 with more than 4,000 graduates) and programmes in entrepreneurship and hosts varied networking and funding events. The Centre works with international researchers and publishes survey-based white papers on key issues facing Indian family businesses and micro, small and medium enterprises.
PGPFMB
Postgraduate Programme in Family Managed Business (PGPFMB) is our flagship programme. It is an 18-month modular programme designed to groom new entrants in family businesses.
Start Your Business (SYB)
Start Your Business Programme is for aspiring entrepreneurs and early-stage start-ups. It aims to provide knowledge and skills and instil the right attitude to help its participants create a sustainable business venture.
Graduate Certificate Programme in Entrepreneurship A Fast-Track Entrepreneurship Programme
The Graduate Certification Programme in Entrepreneurship (GCPE) is designed especially for those with an entrepreneurial streak. It aims at fostering entrepreneurship that makes a difference among youth (undergraduates / fresh graduates of any discipline).
Ladies in Family Enterprise (LiFE)
LiFE is an enriching short-term programme which seeks to nurture and empower women from business families with little or no experience in the business. It also helps women to explore their own role in the family business or start a new entrepreneurial venture supported by family and networks. Sessions are led by experienced academicians, industry experts and alumni.
Advanced Management Programmes for Family Business Owners
Advanced Management Programmes are for owners of family-managed businesses who are specifically seeking a short-term programme that covers a particular aspect of the business. It provides hands-on practical application to their problems in day-to-day business management and helps them plan for the future of their family and family businesses.
Programme Modules
Family Business and Entrepreneurship Research Presentation Series with Dr. Jeremy Cheng
SPJIMR Centre for Family Business and Entrepreneurship (CFBE) recently hosted an online research presentation titled ‘Family and Corporate Governance Heterogeneity: A Paradox Perspective,’ delivered by Dr. Jeremy Cheng, Adjunct Assistant Professor in the Department of Management at The Chinese University of Hong Kong. Dr. Cheng shared insights from his research, exploring family governance mechanisms in family enterprises, with a special focus on governance during transitional phases.
Family Business and Entrepreneurship Research Presentation Series with Dr. Luca Manelli
SPJIMR’s Centre for Family Business & Entrepreneurship (CFBE) organised an online research presentation on ‘The experience of institutional paradoxes in next-gen family members as the driver for purpose change in the family office’ by Prof. Luca Manelli, Assistant Professor of Strategy and Enterprising Family at Politecnico di Milano. In his narrative, Prof. Luca Manelli highlighted the rising influence of younger family members in advocating for investments that address environmental, social, and governance (ESG) issues, rather than traditional philanthropy or wealth preservation.
SPJIMR CFBE co-hosts its third SPGC Conversation Series
The concluding session of the STEP Project Global Consortium (SPGC) Conversation Series on ‘Resilience in Family Businesses’, featured accomplished experts, Prof. Cristina Cruz Serrano, Director of the IE Center for Families in Business, IE Business School, Spain and Mr. Prasad M Kumar, Business Chairman, Institution Building and Governance and Family Business Advisor. They discussed various dimensions of resilience, emphasising its significance in maintaining the legacy and fostering trans-generational entrepreneurship within family firms.
Family Business & Entrepreneurship Research Presentation Series | Prof. Emanuela Rondi
SPJIMR’s Centre for Family Business & Entrepreneurship (CFBE) recently organised an online research presentation on “Blooming the family firm: The entrepreneurial development of a small business into a conglomerate across generations” by Prof. Emanuela Rondi, an Associate Professor in Management at the University of Bergamo in Italy. In her narrative, Prof. Emanuela Rondi spoke about the evolution of Thun, a third-generation family craft business, into a global conglomerate while retaining its craft roots.
SPJIMR CFBE co-hosts SPGC Conversation Series
The second STEP Conversation Series had three eminent keynote speakers – Prof. Tanja Leppäaho, Professor of Growth Entrepreneurship at LUT Business School, LUT University, Finland; Prof. Sarah Jack, Professor of Entrepreneurship, Lancaster University, UK; Prof. Andrea Calabrò, Co-Director & Professor, IPAG Business School, France. They discussed the topic ‘Internationalization of Family Firms’ in an insightful conversation with Prof. Tulsi Jayakumar.
CFBE Research Presentation on “Bringing the family to the spotlight…”
SPJIMR’s Centre for Family Business & Entrepreneurship (CFBE) recently organised an online Research Presentation on “Bringing the family to the spotlight: An agenda for research on enterprising families and family offices” by Dr. Josip Kotlar, Full Professor of Strategy, Innovation and Family Business, School of Management, Politecnico di Milano.
Family Business & Entrepreneurship Research Presentation | Sustainable governance in family businesses: An environmental point of view
Discover the latest in family business and entrepreneurship research with SPJIMR CFBE Family Business & Entrepreneurship Research Presentation Series. This series aims to spark research-driven discussions in the captivating yet intricate realm of family-run enterprises and entrepreneurship.
CFBE co-hosts SPGC Conversation Series 2023-2024
SPJIMR’s Centre for Family Business & Entrepreneurship (CFBE) co-hosted the STEP Project Global Consortium (SPGC) Conversation Series for 2023-2024. The inaugural session featured eminent experts Prof. Alfredo De Massis, Professor, Entrepreneurship and Family Business, Free University of Bozen-Bolzano (Italy) and Mr. Harsh Mariwala, Chairman, Marico Limited, in discussion with Prof. Tulsi Jayakumar, Executive Director CFBE. The theme for the 2023-2024 edition of SPGC Conversation Series was “Responsible innovation among family businesses.”
Beta Start 2.0
SPJIMR Centre for Family Business & Entrepreneurship (CFBE) successfully concluded the second edition of its flagship Demo Day pitch fest, i.e. Beta Start 2.0 on September 09, 2023. The event brought together key stakeholders from the family-managed business and entrepreneurship sector including start-ups, founders, investors, and entrepreneurs.
Viraasat: Celebrating Indian Family Businesses
Viraasat was a celebration of family businesses in India, hosted by SPJIMR Centre for Family Business & Entrepreneurship (CFBE). It was graced by the Hon’ble Minister of Road Transport & Highways, Shri. Nitin Gadkari, and attended by dignitaries including Mr. Anant Singhania, Mr. Deepak Parekh, Mr. Jagdish Lakhani and Mr. Yogi Sriram. The event featured plenary sessions, panel discussions, a Tête-à-tête with Family Business Entrepreneurs, and the vRddhi Pitch Fest and concluded with a Fireside Chat with Startup Trailblazers.
Beta Start 2023
Beta Start is SPJIMR’s flagship Demo Day, where early-growth stage startups can pitch their business to a room of investors, experienced entrepreneurs, and corporate leaders. Pitch to and be evaluated by investors including 100X.VC, Ah! Ventures, TiE Pune, MSInS, LeadSquared, amongst others.
Beta Start is CFBE’s flagship Pitch Day event, aimed at empowering and accelerating the growth of upcoming seed/pre-seed stage start-ups by providing them with a platform to showcase their innovative ideas to investors, industry experts and other stakeholders. The event not only promotes innovation but also fosters connections between start-ups and investors, opening doors to potential funding opportunities.
vRddhi is a unique venture accelerator platform launched by the Centre for Family Business and Entrepreneurship
The accelerator is based on the insight that while many family businesses (especially small and medium family enterprises) and startups lack funding as well as managerial inputs and insights, there are others who can step in to provide not just financial capital but also network capital, engagement capital and the Emotional Quotient capital required by the former.
Young Indians (YI) is an excellent platform for young people in India to contribute to nation-building. It has been in existence for two decades now. It is a movement for Youth to converge, lead, co-create and influence India’s future. YUVA, one of the most active focus areas within YI, engages students from across the country in various initiatives conceptualised, planned and executed by the students. These industry-academia collaborations give students a strong foundation to learn and grow beyond formal education.
Mysore Deep Perfumery House: Scaling a family business
Tulsi Jayakumar Know moreManaging family business: Dynamics, challenges, and opportunities
Rajiv Agarwal Know moreAlignment between generations crucial for family offices: SPJIMR’s Agarwal at VCCircle summit
Rajiv Agarwal Know moreCracking the Saving-Investment code to boost growth
Tulsi Jayakumar Know moreFrom patient capital to agile innovation: The balancing act for family businesses in India
Varun Nagaraj Know moreLessons for business families from the HBO series, Succession
Rajiv Agarwal Know moreAnticipation of wellness and its lessons for marketers
Tulsi Jayakumar Know more‘Family’ in Indian family businesses is key to growth
Tulsi Jayakumar Know moreStartup spur needs budgetary push
Tulsi Jayakumar Know moreExploring Potential for Deep technology in the Indian Start up Area: A Perspective
Kunjana Mallik, Sakshi SharmaWhat Indian startups must learn from fallen unicorn Theranos
Tulsi Jayakumar Know moreRethinking the value of values in family entrepreneurship: The crisis and beyond
Tulsi Jayakumar, Tanja Lepaaho, Paavo Ritala, Spiros Batas & Karine Jourdain Know moreGovernance and cash burn as the twin challenges of the Indian startup ecosystem
Tulsi JayakumarIndia's startup ecosystem should adapt to tight money conditions
Tulsi Jayakumar Know moreInnovations can plug the growth capital gap of MSMEs
Tulsi Jayakumar Know moreMSME financing challenges still remain
Tulsi Jayakumar Know moreProfessionalization and managerialization of family firms: Influence of induction of the next-generation
Tulsi JayakumarGovernment support a must for the poor and MSMEs
Tulsi Jayakumar Know moreMSMEs need innovative solutions as inflation kicks in
Tulsi Jayakumar Know moreInflation: Impact and response of small & medium family enterprises
Tulsi Jayakumar Know moreFamily firm ownership and its impact on performance: Evidence from an emerging market
Avinash Ghalke, Arunima Haldar & Satish Kumar Know moreAre MSMEs willing: Assessing Indian MSME’s financing challenges during the corona pandemic
Tulsi Jayakumar & Anshul Verma Know moreLet us raise a toast to family entrepreneurship in India
Tulsi Jayakumar & Varun Nagaraj Know moreFamily Business Management
Rajiv Agarwal Know moreFunding for family-run businesses - Survive and thrive in the new age economy
Farzan Ghadially Know moreFamily businesses and the startup eco-system
Tulsi JayakumarChapter: Internationalization of small Indian family-firms: An emergent theory
Tulsi Jayakumar Know moreiD Fresh Food: Scripting a fresh story
Tulsi Jayakumar Know moreTo give or not to give: It's all in the family
Tulsi Jayakumar Know moreNavigating the social paradoxes: A study on women entrepreneurship in India
Rajiv Agarwal, Sumita Datta & Ratika Gore Know moreCan Indian firms benefit from anti-China sentiment?
Tulsi Jayakumar Know moreThe 5Gs of family business: Sustainability mantras through case studies
Arunima Haldar Know moreLending to MSMEs amidst the pandemic
Tulsi Jayakumar & Anshul Verma Know moreThe post-lockdown prospects of our small businesses
Tulsi Jayakumar & Anshul Verma Know moreCovid-19 crisis : A golden opportunity for family businesses
Rajiv Agarwal Know moreFamily Business: Strengthening relationships in the time of Covid-19
Rajiv Agarwal Know moreSmall units in distress as pandemic drives away business
Tulsi Jayakumar Know moreLeadership in the time of Covid-19 for Family businesses
Rajiv Agarwal Know moreIndia’s most vulnerable enterprises need the most help
Tulsi Jayakumar Know moreHow start-ups can 'start' their journey towards business institutions
Tulsi Jayakumar Know moreHow to burn like a star
Tulsi JayakumarThe role of sons-in law in family businesses
Rajiv Agarwal Know moreProfessionalising Indian Family firms: An analysis of the role of HR-Current reality and future perspectives
Tulsi Jayakumar Know moreThe role of daughters in Indian family businesses
Rajiv Agarwal Know moreHow TCS built an industry for India
R Gopalakrishnan & Tulsi Jayakumar Know moreBuilding an infrastructure for effective family business teaching
Sapna MalyaSuccession in family businesses: Right, responsibility, or a privilege?
Rajiv Agarwal Know moreResearch idea - Success of startups after incubation
Anil VaidyaB2B sharing or buying refurbished? Choices for a startup firm with price and technology sensitive customers
Tania Saha, Sumanta Basu, Balram Avittathur & Mukherjee, C.Family Business Simulation: Honey Heritage
Rajiv Agarwal Know moreMSMES: Performance, emerging issues and policy initiatives
R K Pattnaik & Chinmay JoshiWhat ails the MSME sector?
Tulsi JayakumarChapter: Created by business, for business
Tulsi Jayakumar & R Gopalakrishnan Know moreShould families stay together?
Rajiv Agarwal Know moreThe case for setting up family offices
Rajiv Agarwal Know moreINDIA: State of the Family Business Report
Family firm ownership and its impact on performance: evidence from an emerging market
Let us raise a toast to family entrepreneurship in India
Family Business Management
Funding for family-run businesses - Survive and thrive in the new age economy'
Small Units in distress as pandemic drives away business
How did a talented cricketer, coached by none other than Ramakant Achrekar, start his entrepreneurial journey at the age of 23 and go on to become one of India’s most successful bankers?
Mr. Uday Kotak, Managing Director and CEO of Kotak Mahindra Bank (KMB) in this riveting conversation with Dr. Tulsi Jayakumar, Professor of Economics and Chairperson of the Family Managed Business Programme at SPJIMR, talks about his entrepreneurial journey and the human mantras that he follows that has led to his success. They discuss the 3 M’s that shaped his childhood – Maa, Maths and Mania for Cricket, how cricket shaped the future banker in Mr. Kotak, how Mr. Anand Mahindra’s name came to be part of KMB, why ‘professional entrepreneurship’ is a key term for the present and future of the entrepreneurial ecosystem, and why ‘Winner-Takes-All’ might eventually trump ‘Coopetition’.
They also talk about KMB’s JV with Goldman Sachs, the eventual parting of ways and his 7-year pursuit of ING Vysya. Mr. Kotak also shares his views on the future of banks and banking and gives advice to the layman on how to decide where to park his/her money and talks about what keeps him awake at night.
Sr. External Relations and Outreach Associate, CFBE
Tulsi Jayakumar is the Executive Director of the Centre for Family Business and Entrepreneurship (CFBE). A Professor of Economics with 30 years of rich academic experience, she has received the Certificate for Family Business Advising (CFBA) and the Certificate for Family Wealth Advising (CFWA) from the Family Firm Institute, Boston. Dr. Jayakumar writes extensively in the media and is a thought leader in her chosen areas. Her articles in peer-reviewed journals and her cases are globally acclaimed as ‘Global Best-Selling’ and ‘Most Popular’ cases and are available on global case repositories – Harvard and Ivey. She has co-authored two books: “How TCS built an Industry for India”, released in Feb 2020, and “How Uday Kotak built a valuable Indian bank”, released in March 2021.
Ganga Chitnis is a Mentor in Residence at SPJIMR CFBE & Sine IIT B. She has been associated for over 30 years with entrepreneurs, founders and promoters of startups as well as small and medium enterprises in various roles, including being an SME banker with India’s largest private bank, educator, mentor and facilitator. In addition, she mentors incubatees/startups with other leading incubators in the country. She is associated as a consultant for Indian Step & Business Incubator Association and is a resource person for the CII startup council. Her blend of corporate experience along with academic orientation helps her connect with the entrepreneur and startup community seamlessly.
Amit Sharma (Khandelwal) is the Co-founder & CEO of two startups, McareSpareParts.com (India’s fastest emerging online store for mobile spare parts, tools and smart gadgets) and Sault.in (Airplugs and Smartfits).
Founder and member of the Enneagram Academy of India, Ravindra is a fellow and management graduate in the area of Human Resources with over 25 years of rich experience in teaching and corporate management roles.
An alumnus of the Indian Institute of Management, Ahmedabad (IIMA), Ajay has over 27 years of work experience in sales, marketing and business assignments with a diverse set of challenges and business drivers.
Farzan Ghadially is Senator India, The World Business Angel Forum (WBAF), and an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI). As a Senator, his role includes helping the start-up / early-stage companies along with SMEs to rise to a global scale leveraging the WBAF network across 111 countries around the globe.
Dhanashri Gokhale is a Programme Coordinator at the CFBE. She holds a master’s degree in Law from Mumbai University and has over sixteen years of experience in academic administration and coordination.
Email: dhanashri.gokhale@spjimr.org
Call: 022-61454322
Shilpa Mehta is the external relations and admissions outreach associate at CFBE, SPJIMR. She has an overall work experience of over 15+ years in the hospitality industry, teaching and non-teaching roles in the education field.
Email : shilpa.mehta@spjimr.org
Call : 022-62134442
Mayuri Karkera is the programme manager for PGPFMB at CFBE. She has a Bachelor’s degree in Chemistry and has completed Postgraduate Diploma in Planning and Management from IIPM, Mumbai. She has over 12 years of experience in the education industry, which includes product development, business development as well as overall operations.
Email: mayuri.karkera@spjimr.org
Call: 022-61454307
Tanja Leppäaho is Professor in Growth entrepreneurship, Akatemiatutkija / Academy Research Fellow, LUT University, Finland and Vice Director for LBM Doctoral School, LUT University, Finland. She was recognised as the leading scholar and expert in the area of family SME internationalisation on a global scale by Pukàll and Calabro (2014). Previously she held a tenure track in International Business and Entrepreneurship at the University of Jyväskylä and was a Senior Lecturer at the University of Edinburgh Business School, UK. In her current IBE project “Building Theory on the family business internationalization process” core areas of focus are the internationalisation process of firms through times, networking and family ownership. She has been published in various journals including Entrepreneurship Theory and Practice, British Journal of Management, Family Business Review, Journal of Small Business Management, Entrepreneurship and Regional Development, British Journal of Management, and International Business Review. She was awarded the best paper award by the leading conference in entrepreneurship, Babson College Entrepreneurship Research Conference for her work co-authored by Professor Sarah Jack. Her areas of interest are international entrepreneurship, networking, process, family entrepreneurship, sustainable entrepreneurship and qualitative methodology.
Andrea Calabrò is Director of the IPAG Entrepreneurship & Family Business Center and Professor of Family Business & Entrepreneurship at IPAG Business School, France. He is the Global Academic Director of the STEP (Successful Transgenerational Entrepreneurship Practices) Project Global Consortium www.thestepproject.org). He has published journal articles on family firms, internationalisation, and corporate governance in leading international journals such as Strategic Management Journal, Entrepreneurship Theory and Practice, Journal of International Business Studies, Family Business Review, Harvard Business Review, and Journal of Business Ethics. His latest book, “A Research Agenda for Family Business: A Way Ahead for the Field”, has been published with Edward Elgar Publishing and sets the stage for a shift in the family business debate. His research has appeared in several practitioner-oriented outlets such as The Wall Street Journal. He is the author of several practice-oriented family business reports. He serves as an advisor to family businesses and coaches next-generation members.
SPJIMR is an affiliate of the internationally recognised Stichting STEP Project Global Consortium (SPGC). It is a global applied research initiative that explores business practices within family-managed businesses to generate solutions that have immediate application for family business leaders. The research insights are specifically relevant to developing new theoretical insights that can offer novel and valuable best practice recommendations to the business stakeholders and the practice community at large.
SPJIMR is also an affiliate of the STEP Project. The STEP Project Global Consortium is a global applied research initiative that explores family and business practices within business families and generates solutions that have immediate application for family business leaders. The STEP Project Global Consortium is a leading global family business research project with an international reputation. The research insights are specifically relevant to developing new theoretical insights that can offer novel and valuable best practice recommendations to the business stakeholders and the practice community at large.
CFBE contributed valuable insights about legacies in Indian family enterprises to the global family business report titled, ‘Unlocking legacy — The path to superior growth in family businesses’. The report by STEP Project Global Consortium (SPGC) and KPMG Private Enterprise was launched at the 2024 SPGC Global Family Business Summit.
The 2023 edition of the SPJIMR CFBE report provides a detailed exploration of the core attributes of Indian family businesses, with particular emphasis on small and medium-sized enterprises (SMEs). This comprehensive report offers invaluable insights into the intricacies of family businesses in India, shedding light on their challenges, successes, and evolving strategies.
CFBE recently released the “India: State of the Family Business Report” that finds small and medium family businesses are relatively unscathed from the business front. Instead, family issues may prove to be the proverbial Achilles’ heel for such businesses. The study involved a survey of 350 family businesses across India from May-October 2022, conducted by Hansa Research. It found that most small and medium family enterprises have reported either stable or increasing trends across various parameters such as sales, market share, profitability, number of people employed, and profit margin on sales in FY 2021-22.
Centre for Family Business and Entrepreneurship (CFBE)
022 61454306
022 62134474