PGPFMB Batch 30 concluded their Regional Immersion module at our partner institute, Daly College Business School in Indore. It was a high octane week packed with insightful sessions and experiential learning through industry visits to Hi -Tech Metal Formings India, Mittal Industries, Waste Management Centre, Symbiotec Pharmalab Private Ltd and Prataap Snacks. The participants had the opportunity to understand experientially several business concepts including profitability, new opportunities, being ahead of time and having a vision that benefits the society in the long run.
A fireside chat moderated by PGPFMB 10 alum Mr. Saurabh Singh Mehta, Executive Director, Kriti Industries, provided the participants the opportunity to interact and explore business insights with PGPFMB 10 alum Mr. Ankit Agrawal and Mr. Anshul Agrawal, Partner and Director, MDPH. The conversation delved into their experiences of being a second-generation family business member at MDPH and discussed learnings from their stories of success and failure. Discovering the story of how a large corporate was built with a simple commodity like agarbatti (incense sticks), the well-developed business moat comprising of strong relationships with suppliers and distributors, and backward integration were valuable learnings for our young family business scions.
Regional Immersion is conducted in Phase II, the advanced phase of the PGPFMB programme. It offers PGPFMB participant an opportunity to explore emerging markets in tier two /tier three city of India. Because of their more affordable living and operating costs, expanding infrastructure, and encouraging government policies, these emerging markets are attracting more and more attention from investors. Regional immersion contributes to being a vital component of the PGPFMB programme. The immersion brings an unparalleled exposure for a participant to understand the underlying benefit these cities/ region brings to the table for a family managed business. The prospect of higher return, understanding the business opportunities lying in that region, networking with peers and alumni, are some of the key takeaways which a participant brings back.
SPJIMR’s Post Graduate Programme in Family Managed Business (PGPFMB) is designed to groom new entrants to family businesses to enable organic growth for self and their family businesses. It helps preserve and nurture the legacy of the earlier generations and leave one’s indelible mark on the family business for years to come. Conceived and launched in 1997, the programme is the pioneer in post-graduate family-managed business programmes in India. It has grown in strength, with 37 batches already having gone through the programme.