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Family Managed Business Administration (FMBA)

FMBA is designed as a weekend Diploma Programme for members of business families. Its emphasis is more on learning rather than on usual teaching exams pattern. Weekend schedule is ideal for learning while working. A novel evaluation system frees you from the tension of usual exams. 

The more hard work you put in, the more you understand the need and the ways of taking your family business on a growth path. FMBA will open your mind to the tremendous opportunities (and challenges) of today's and tomorrow's business world - now a global village. Its your chance to learn the new fundas of modern Family Business Management.

The course is spread over four terms of 10 – 12 weekends each. Learning sessions are scheduled for six hours (full day) on Saturdays and four hours (half day) on Sundays.

As the course is specially designed for members of business families, it covers the theory and practice of vital management subjects such as marketing, supply chain, financial management, cost management, people management for SME family business, and so on. Also covered are taxation, insurance, image building for your family business, E-business, out-bound training & presentations by guest speakers from family businesses, industrial visits are all a part of this course to make it highly relevant for participants.

FACULTY with industry experience and expert domain knowledge, to facilitate learning for owner-managers.
Subjects Plus
Term I 1) Economics Understanding Macro economics Forces 5) Developing Effective Communication Skills
2) Introduction to Accounting and Financial Management 6) Introduction to People Management
  3) Introduction to Marketing Management  
  4) Introduction to Operations Management  
Term II 1) Labour Management And Social Welfare 5) Business Communication
2) Theory of Business 6) Managing Small Business
  3) Legal Aspects of Business and Taxation  
  4) Managing growth under Capital Constraints  
Term III 1) Production Supply Chain and Supplier Relations 5) Leadership Skills for Family Business
2) Idea Generation for New Business 6) Issues in Family Managed Business
  3) Using Social Media and Digital Marketing  
  4) Strategic Profitability Management  
Term IV 1) International Immersion and Forex Management 5) Conflict Resolution and Managing The Family
2) Building up the image of one's Family Business 6) Risk Management and Insurance.
  3) Governance and Succession  
  4) Startegy Implementation  
Note - The above distribution of subjects is general and only for academic convenience and is not meant to be a watertight division.
You should be a Graduate/Diploma in Engineering with actual involvement in family business. Age/Sex no bar. Applicants with longer post - education experience will get additional weightage. Female members of business families are encouraged to join this program.


  • a) The course fee is Rs 4,50,000/- (including International Immersion)
  • b) Any other incidental expenses connected with workshops / projects that a student will undertake is not included and has to be borne by the student.
  • c) A fee of Rs 5000/- as library deposit will be charged.


Click here to fill the Online Admission Form.

Fill the application and submit it online. On submission of the form you would get a downloadable PDF of your filled up form.

Please send the print out of the downloadable form along with application processing fees of Rs 1000/- by demand draft drawn in favour of "RS - DSIMS" to the Admissions Officer : Durgadevi Saraf Institute of Management Studies, RS Campus, S V Road, Malad (W), Mumbai-64.

Forms received without the application fees will not be considered for admission.

For any doubts you can call or come personally to the campus. We will be glad to assist you.

All eligible applicants will be called for Personal Interviews.

Selected applicants will be informed and the last date for payment of the course fee will be announced.

Please fill the form to download the brochure.

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