The 11-month PG Program in Entrepreneurship and Family Business is a collaborative initiative by IILM and EDII Ahmedabad. It equips aspiring entrepreneurs and next-gen business leaders with essential skills, innovative strategies, and practical knowledge to successfully manage and grow family-owned enterprises or launch their own ventures.

 

About IILM

IILM, established in 1993 at Lodhi Road, New Delhi, is a premier institution in Business Management Education with over 30 years of academic excellence. From a humble beginning with 60 students, it now offers 180 seats in its AICTE-approved PGDM program. The institute fosters a dynamic learning environment through experienced faculty who blend academic and industry knowledge. Strategically located near key business hubs, IILM provides strong exposure to domestic and global organizations. With a vast alumni network of 6,000+ professionals and partnerships with over 350 companies, IILM ensures robust placement support and industry engagement. The curriculum emphasizes holistic development, combining classroom learning with co-curricular activities and leadership building. IILM continues to empower students with the skills and mindset needed to excel in a rapidly evolving business world.

  • Duration: 11 Months
  • Eligibility: Graduates with an entrepreneurial mindset (No prior business background required)

About EDII

The Entrepreneurship Development Institute of India (EDII), established in 1983, is a national resource institution dedicated to entrepreneurship education, research, training, and incubation.
Supported by premier financial institutions such as IDBI, ICICI, IFCI, SBI, and the Government of Gujarat, EDII is built on the belief that entrepreneurs can be developed through structured training and strategic interventions.

Recognized as a Centre of Excellence by the Ministry of Skill Development and Entrepreneurship, Government of India, EDII has played a pioneering role in promoting entrepreneurship as a tool for economic development.
It has established entrepreneurship development centres across India, including in newer states and union territories, and internationally in countries such as Cambodia, Laos, Myanmar, Vietnam, Uzbekistan, and Rwanda.

EDII’s Business Incubation Centre – CrAdLE, supported by the Department of Science and Technology, focuses on nurturing startups in food & agribusiness, renewable energy, and healthcare.
With over four decades of impact, EDII continues to lead national and global initiatives in MSME growth, innovation, policy advocacy, and inclusive entrepreneurship development.

Program Uniqueness

  • Jointly offered by IILM and EDII Ahmedabad, providing access to expertise and strong institutional networks.
  • Balanced focus on entrepreneurship and family business management.
  • Internship inclusion for hands-on practical experience.
  • Elective pathways allowing academic and professional specialization.
  • Program delivery by renowned faculty from IILM and EDII, with regular interaction with industry experts, startup founders, and entrepreneurs.
  • Strong emphasis on experiential learning through case studies, simulations, guest lectures, and live projects.
  • Structured mentorship program with experienced entrepreneurs and family business owners.
  • Practical skill development in financial modelling, business planning, negotiation, communication, and technology adoption.
  • Exposure to two world-class campuses, with the first term at IILM and the second term at the EDII campus.

Program Objectives

  • Equip participants with the skills and mindset to launch and manage new ventures or grow existing family businesses.
  • Develop entrepreneurial leadership capabilities including innovation, strategic thinking, and decision-making.
  • Provide in-depth understanding of family business challenges such as governance and succession planning.
  • Build a strong professional network of peers, mentors, and industry professionals.
  • Instil ethical values and social responsibility in business practices.

Knowledge & Understanding

  • Understand governance structures, succession planning, and intergenerational dynamics in family businesses.
  • Identify and evaluate entrepreneurial opportunities across new and existing ventures.
  • Design and implement comprehensive business plans integrating strategy, finance, operations, and innovation.
  • Develop leadership and conflict-management skills for family-run enterprises.
  • Gain financial literacy including capital raising, cash-flow management, and financial analysis.
  • Drive innovation and business growth using emerging technologies and modern business models.

Career Outcomes

  • Launch and manage startups.
  • Lead and expand family-owned businesses.
  • Secure leadership roles in established organizations.
  • Work as consultants or advisors in entrepreneurship and family business domains.
  • Contribute to the broader entrepreneurial ecosystem.

Family Business–Specific Outcomes

  • Understand the history and evolution of the family business.
  • Clarify roles and responsibilities of family members.
  • Develop family governance systems, including family constitutions.
  • Plan and execute smooth leadership succession.
  • Align family values with long-term business strategy.
  • Manage intergenerational relationships and resolve family business conflicts effectively.

Dr. Bigyan Verma is a distinguished academic and institutional leader with extensive experience in academia, industry, and regulatory affairs. A former Professor of Finance at XLRI Jamshedpur and investment banker at JM Morgan Stanley, he has also been adjunct faculty at Carleton University and a visiting professor at IIM Kozhikode. He has worked closely with SEBI and the National Stock Exchange.

Dr. Bigyan Verma
Dr. Bigyan Verma
Director, IILM Lodhi Road

With 30+ years in academia and industry, this individual has been a visiting professor at top institutions like IIMs and IITs. Former IBM Asia Pacific Executive, he managed large-scale IT projects and turned around two IT services companies. Author of 16 books, he led BIMTECH’s PGDM Online program to AACSB accreditation.

Dr. Sanjiv Shanker Dubey
Dr. Sanjiv Shanker Dubey
Dean, EFBM

Dr. Satya Ranjan Acharya is a National Teacher’s Awardee 2023. His extensive experience in teaching and consultancy, spanning over 25 years, with expertise in financial management, idea generation and business plan formulation. He is the Director of CrAdLE, a DST-sponsored incubator and Atal Incubation Centre at EDII. Dr. Acharya’s is also significantly contributing to Hastakala Setu Yojana of the Government of Gujarat.

Dr. Satya Ranjan Acharya
Dr. Satya Ranjan Acharya
(Professor & Director – Department of Entrepreneurship Education)

Dr. Dwivedi is a Professor and Director at the Department of Government Projects, has over 19 years of teaching and research experience. He is a National Team Member of the Global Entrepreneurship Monitor (GEM) India. He has implemented result oriented developmental projects, conducted impact assessments and evaluation studies for various Government Departments and Development Agencies.

Dr. Amit Kumar Dwivedi
Dr. Amit Kumar Dwivedi
(Professor & Director – Department of Government Projects & Regional Director – Northern Regional Office)
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"

I am grateful to IILM Gurugram for the wonderful experience & exposure I got while I was doing my PGDM here. Not only the subject expertise I’ve got, but an overall well-structured education where I received life changing lessons as well as guidance from all the faculty members, one of them is to change the changeable, accept the unchangeable, and move out from unacceptable.

A Special thanks to Sujata Shahi ma’am for her mentorship which made my journey a special one in IILM Gurugram.”

Senior Manager Supply Chain (Global Omni channel Logistics) at Amway India

Mr. Manoj Pal PGDM

"

My journey at IILM has been all about growth and change is perspective. Coming from a commerce background, I was apprehensive in pursuing a degree in Psychology. However, IILM and the wonderful faculty made this transition easy and helped me build a career I had always wanted.

The Psychology Department at IILM has always pushed the envelope in its efforts to support mental health advocacy- an issue I have always been passionate about. I feel fortunate to have been a part of various such initiatives throughout my journey here.

Now in my final year, I look back on the ample exposure and opportunities I received along the way that have helped me become the person I am today. Be it academics, workshops, or participating in university festivals, I have fond memories of it all and will carry them with pride.

I remain grateful to the institution and especially to the faculty for their constant support and guidance throughout. I am excited to see what the future holds for me!

Radhika BA Psychology

(2018-2021)

"

BBA classes in the day and theatre classes in the evening, my journey at IILM gave me the freedom to pursue my passion and effectively strike a balance between the two important aspects of my life with ease.
Theater has always been an integral part of my life. Having been associated with Shri Ram Centre of Performing Arts (SRCPA) since the last five years, I continued my passion for acting even after enrolling for my BBA program at IILM University.

During this duration of study, I not only learned from academicians and industry professionals at IILM University, but was also able to perform over 10+ professional theatre shows in Delhi and got associated with renowned leaders like Shah Rukh Khan, Imtiaz Ali and Alia Bhatt from the industry. Recently, I also completed my internship in the film “Night Before that Day” with acclaimed director Mr. Rajesh Chopra.
Today I have accomplished both academically and professionally because of the encouragement and support received from my teachers at IILM University. This not only gave me the confidence to continue my ambitions for theatre but also helped me succeed in both spheres. Truly grateful to be a part of IILM University!

Shlok BBA

(2018-2021)

"

I’ve always been a worrier, anything that I was supposed to do, would stress me so much, even once it was done I would run the thing over in my head. Keep on wondering, if I could have done anything differently or better.

When I started my journey at IILM, I remember doing exactly the same. submissions/tests or organizing events, would get me worked up & so was never able to enjoy the process in its glory .This could definitely have impacted what should be the most memorable 3 years of my life. During my first year, I was given so many opportunities at IILM, becoming a #Student #Ambassador for the college, going for a #summer #school program to the prestigious #London School of #Economics, being part of events I will forever remember and also getting the chance to learn from such valued faculty members. I didn’t want these times to get blown away because of me worrying. My credit goes to the IILM family who taught me that it isn’t ever about the outcome but the journey towards achieving it.
Even during these testing times, online teaching and learning was so structured and organized thanks to the IILM faculty. I again have IILM to thank for the numerous #internship opportunities given even during these trying times. My two months internship from home trained and taught me well. Ironically, being so close in proximity to IILM, in all probability will have to bid my farewell to it virtually which will be my only bone of contention thus far!

Abhilasha Wazir BBA

(2018-2021)

"

IILM has helped me tremendously in developing these critical skills by pushing me into real-time challenging tasks & leadership roles & in addition provided me the right spotlight and platform to shine & showcase my leadership & communication skills. I was also offered ample opportunities to test out my skills from first year itself, one of them in particular was being selected as “Student ambassador”, which was by far the most important & responsible leadership role I got to experience, helped me to hone my skills a lot & assisted me in driving my passion during my 2 month internship with KPMG India. Even during these arduous times, the faculty ensured to provide consistent personal attention to my visions & goals.

From participating in numerous fests to submitting assignments & meeting friends that I’ll be cherishing for life, this journey has been no less than a roller coaster. I thank IILM for providing me with countless opportunities & for these precious memories that I got experience in these past three years.

Isha Thakur BBA

(2018-2021)

"

The other day while talking to my friends I realized something, what seemed like a long journey three years back has rather been a short one.

My experience at IILM has been a rollercoaster ride filled with ups and downs, when I started my journey i didn’t know what these 3 years would turn out to be and how they will shape me as a person, IILM gave me opportunities to which helped me Hone my skills and discover what I am actually good at.

The faculty here encouraged me to step out of my comfort zone and try different things.

I thank IILM for the various internship opportunities they’ve provided us with. My 2 months of internship gave me a lot of practical exposure. I am excited to see what the future holds for me!

Rhea Mahajan B.A. Psychology

(2018-2021)

"

I joined IILM Gurgaon in 2018, while I finished high school in 2017 and then went to the USA to do my graduation but then I decided to drop out and come back to India.

IILM Gurgaon was exactly the nurturing environment I needed to get my confidence back. Thanks to the excellent faculty who have always been extremely supportive, and for me always gave me the extra push I needed after I had lost my confidence. Now towards the end of my 3-year journey at IILM and I cannot even recognize the person I was when I joined.

Thanks to the vast #internships and interesting #assignments in the classrooms to broaden my horizons and also giving me the confidence to be able to achieve whatever I put my mind to.

Arjun Vohra BBA

(2018-2021)