Content Curator | Updated on - Mar 31, 2026

The Post Graduate Certificate in Family Business Management (PGCFBM) at IIM Calcutta is a 1-year part-time programme specifically designed for owners, scions, and senior managers of family-managed businesses in India. Offered at a fee of Rs. 4,56,000 + applicable taxes, the programme equips participants with the knowledge and skills to professionalize their family businesses, develop growth strategies, manage inter-generational dynamics, and take their businesses global. Sessions are held online every Sunday (3:30 PM to 6:30 PM) with two mandatory 5-day campus visits at IIM Calcutta, making it accessible for business owners who cannot take a break from their operations. The programme is delivered in partnership with TimesPro and is directed by Prof. Biswatosh Saha (Strategic Management) and Prof. Vivek Rajvanshi (Finance and Control).

The PGCFBM Batch 7 commenced in January 2026, with the first campus visit held from February 9-13, 2026. Admissions for the next batch (Batch 8) are expected to open in mid-2026. Interested candidates can apply through the TimesPro portal or contact the programme office directly.

Key Points

The programme is exclusively designed for owners, scions, and senior managers of family-managed businesses, making it highly niche and relevant.
Sessions are held online every Sunday (3:30 PM to 6:30 PM), allowing participants to continue running their businesses.
Two mandatory 5-day campus visits at IIM Calcutta are included in the programme.
Participants receive IIM Calcutta Executive Education Alumni status upon successful completion.
The curriculum covers family dynamics, inter-generational issues, professionalizing functional areas, financing growth, strategic thinking, and taking business global.
A Capstone Project is included, enabling participants to apply learning directly to their own family business.
The programme is delivered in partnership with TimesPro, a leading executive education platform.

67 Views Last Year

Official Link:

Go To Website

Highlights
Fees
Admission
Scholarships
Ranking
FAQs

IIM Calcutta PGCFBM Fees

The PGCFBM programme fee is Rs. 4,56,000 + applicable taxes (GST) for the full 1-year programme. This fee covers tuition, access to the online learning platform, and the two mandatory campus visits. The fee is typically paid in instalments as per the schedule communicated at the time of admission.

Fee Components

Fee Component	Amount
Programme Fee	Rs. 4,56,000
Applicable Taxes (GST)	Extra as applicable
Campus Visit Charges	Included in programme fee
Total Fees	Rs. 4,56,000 + GST

GST is applicable on the programme fee as per Government of India norms.
Fees are typically paid in instalments; the exact payment schedule is communicated by TimesPro at the time of enrolment.
IIM Calcutta Executive Education Alumni are entitled to a 5% discount on the programme fee.
In case of programme cancellation by IIM Calcutta, fees are refunded as per the Institute's policy.
For fee payment and instalment details, contact TimesPro at admissions@timesgroup.com or 1800-843-1552.

IIM Calcutta PGCFBM Admission 2026

The PGCFBM follows a rolling admissions process managed through TimesPro, IIM Calcutta's delivery partner. Batch 7 commenced in January 2026. Admissions for the next batch are expected to open in mid-2026. Candidates must meet the eligibility criteria and submit their application online through the TimesPro portal.

PGCFBM Admission Dates

Event	Date / Period
Batch 7 Programme Start	January 2026
First Campus Visit (Batch 7)	February 9 - 13, 2026
Online Sessions (Weekly)	Every Sunday, 3:30 PM - 6:30 PM
Second Campus Visit (Batch 7)	Towards end of programme (tentative)
Batch 7 Programme End	January 2027 (tentative)
Admissions for Batch 8	Expected mid-2026

Note: No specific entrance exam is required for PGCFBM. Admission is based on application review and eligibility verification.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Graduation in any discipline from a recognized university.
Must be an owner or scion of a family-managed business; OR a member of the top management (reporting to the owner) of a family-managed business with a minimum of 10 years of experience.

Admission Process

Visit the TimesPro portal: timespro.com/executive-education/iim-calcutta-post-graduate-certificate-programme-in-family-business-management
Fill in the online application form with personal, academic, and professional details.
Submit the application along with proof of family business ownership or senior management role.
Applications are reviewed; eligible candidates are contacted by the TimesPro admissions team.
Upon selection, fee payment details are shared; pay the programme fee to confirm enrolment.
Attend the first campus visit at IIM Calcutta to formally begin the programme.

IIM Calcutta PGCFBM Scholarships 2026

IIM Calcutta does not offer formal merit-based or need-based scholarships for the PGCFBM programme. However, a loyalty discount is available for returning IIM Calcutta Executive Education Alumni.

The programme is primarily attended by business owners and senior managers who are typically self-funded or company-sponsored. The relatively accessible fee of Rs. 4,56,000 makes it one of the more affordable IIM Calcutta executive programmes.

Discounts and Concessions

Discount / Concession	Details
Alumni Discount	5% off for IIM Calcutta Executive Education Alumni
Early Bird Discount	May be available; check with TimesPro at the time of application

No merit-based or need-based scholarships are available for this programme.
Discounts are applicable on the base programme fee (excluding GST).
For scholarship or discount queries, contact TimesPro at admissions@timesgroup.com or 1800-843-1552.

IIM Calcutta PG Certificate Family Business Management Ranking

Financial Times Ranking

#53 out of 100 in International 2026

Outlook Ranking

#3 out of 25 in Top Public Colleges in India 2026

QS Ranking

#64 out of 301 in International 2026

Do you think the Rankings are wrong ? Report Here

IIM Calcutta PGCFBM FAQs

Ques. Is the PGCFBM only for owners of large family businesses, or can small business owners also apply?

Ans. The PGCFBM is open to owners and scions of family-managed businesses of all sizes, from small and medium enterprises to large family conglomerates. The programme is specifically designed to address the challenges faced by family businesses at all stages of growth. Senior managers (reporting to the owner) with at least 10 years of experience are also eligible.

Ques. What is the difference between the PGCFBM and a regular MBA for family business owners?

Ans. The PGCFBM is a 1-year part-time programme specifically tailored for family business owners and managers, covering topics like family dynamics, inter-generational succession, professionalizing family businesses, and taking businesses global. A regular MBA is a 2-year full-time programme for fresh graduates or early-career professionals. The PGCFBM allows participants to continue running their businesses while studying, which is not possible with a full-time MBA.

Ques. How are the Sunday online sessions structured?

Ans. Sessions are held every Sunday from 3:30 PM to 6:30 PM (3 hours) on the D2D online platform. The sessions are interactive and include case studies, group discussions, and guest lectures from industry practitioners. Some additional sessions may be scheduled as required.

Ques. Are the two campus visits at IIM Calcutta mandatory?

Ans. Yes, attendance at both 5-day campus visits at IIM Calcutta is mandatory for successful completion of the programme. The first campus visit is held at the beginning of the programme and the second towards the end. These visits provide immersive learning, networking, and direct interaction with IIM Calcutta faculty.

Ques. What is the Capstone Project in the PGCFBM?

Ans. The Capstone Project is a key component of the PGCFBM curriculum where participants apply the concepts learned during the programme to their own family business. It involves identifying a real business challenge or opportunity in their family enterprise and developing a strategic solution. The project is guided by IIM Calcutta faculty and is presented at the end of the programme.

Ques. What alumni benefits do PGCFBM graduates receive?

Ans. Upon successful completion of the PGCFBM, participants become Alumni of IIM Calcutta Executive Education, which has over 33,000 members. They receive an IIM Calcutta domain email ID, access to the IIM Calcutta Alumni portal and mobile app, and are entitled to a 5% discount on future IIM Calcutta LDP programme fees. The alumni network provides valuable peer connections across industries and business sectors.