Family-run business empires contributed substantially towards the economic development of post-independent India. By pioneering into areas like steel and shipping, we believe that the Apeejay Surrendra Group too, played a part in the growth of a young nation. In our Centennial we wanted to encapsulate the successes, the strategies and the entrepreneurial spirit of 3 generations of the Group into a branch of Academics and it is with a view to this that we instituted the ´Apeejay Surrendra Chair in Family Business and Entrepreneurship´ at the Indian Institute of Management, Bangalore (IIMB)

The main objectives of the Apeejay Surrendra Chair at IIMB are to create cutting–edge management development programmes for executives of family–run businesses, nurture thought leadership in strategic issues such as takeovers, create models of successful entrepreneurship, and provide a platform for scholars to analyse industry–based activities and study the evolution of family businesses.

The programme encompasses all areas relevant to family businesses, such as forecasting future trends and challenges of family businesses, developing corporate governance and social entrepreneurship in sync with contemporary practices, and most importantly, understanding the importance of succession planning.

In short, this initiative seeks to build entrepreneurial capacities in young scions of business empires and is in continuance with our emphasis on education and forward thinking.