Heritage Business School

What Heritage Business School does

Heritage Business School (HBS) is a private B-School established in 2003 in Kolkata, West Bengal, India, operating as part of the Heritage Group of Institutions, a diversified educational conglomerate that also runs The Heritage School, Heritage Institute of Technology, The Heritage Academy, Heritage Law College, and The Heritage College. The institution offers a single flagship academic product — a 2-year full-time MBA program accredited by the National Board of Accreditation (NBA), affiliated to Maulana Abul Kalam Azad University of Technology (MAKAUT), and approved by the All India Council for Technical Education (AICTE). Revenue is generated entirely through tuition fees from this MBA program, billed on an annual subscription cadence, with admissions processed through the Joint Entrance Management Aptitude Test (JEMAT) and direct online applications via the school's website.

The MBA program is supplemented by a mandatory Summer Internship Programme, structured Student Development and Mentoring services, and Industry-Institute Interface (III) sessions designed to bridge academic learning with corporate exposure. HBS also runs Executive Development Programmes (EDP), Management Development Programmes (MDP), and Faculty Development Programmes (FDP), and hosts recurring events including an annual International Conference, the Global E-Summit, and the Bizcom entrepreneurship competition. The school claims placement relationships with over 70 corporate recruiters and markets its programs through social media (Facebook, Twitter, Instagram, Pinterest), webinars on emerging topics such as AI/ML in Supply Chain, the Alma Connect alumni platform, and industry conferences.

The institution does not disclose revenue, headcount, or capital structure. It holds no patents, has no external funding rounds, and operates from a single campus in Kolkata. Its competitive positioning is regional: ranked #4 in the Kolkata Zone by Outlook ICARE Rankings 2026-27, #1 Private B-School in West Bengal by Education World 2025-26, and #31 B-School in India by Education World 2023. The technology stack is conventional for a higher-education institution, with no proprietary platforms, public APIs, or AI/ML infrastructure disclosed beyond topic references in webinars and executive programs.

Name

Heritage Business School

Legal name

Heritage Business School

Website

https://hbs.edu.in

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Heritage Business School, founded in 2003 in Kolkata, offers a 2-year full-time NBA-accredited MBA program affiliated to MAKAUT. It serves graduate students pursuing management careers and supplements tuition with executive, management, and faculty development programs.

Ownership category

akta.pro rank

Product category

Business School Education

NAICS

Colleges, Universities, and Professional Schools (6113), Professional and Management Development Training (611430)

SIC

Services-Educational Services (8200)

akta.pro primary industry

MBA & Executive MBA Programs (EDAHAHAB)

akta.pro secondary industry

Executive Education & Corporate Programs (Non-degree) (EDAHAHAN)

Keywords

• Business school education
• MBA program
• Management education
• Executive development
• Higher education

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. MBA Program Tuition Fees: Revenue generated from tuition fees for the 2-year full-time MBA program. The school admits students through JEMAT (Joint Entrance Management Aptitude Test) and charges course fees as published on their website.

Pricing tiers

Distribution channels2 records

Marketing channels4 records

Core offering

Heritage Business School delivers a 2-year full-time MBA program accredited by the National Board of Accreditation (NBA), affiliated to Maulana Abul Kalam Azad University of Technology (MAKAUT) and approved by AICTE. The school supplements this core degree with professional development programs (EDP, MDP, FDP), a mandatory Summer Internship Programme, Student Development and Mentoring, and Industry-Institute Interface Sessions. The portfolio is delivered through a campus-based model in Kolkata, supported by placement services and corporate recruiter engagement.

Product overview

Heritage Business School offers a single unified educational product: the 2-year full-time NBA Accredited MBA program as its core offering. This flagship program is supplemented by the Summer Internship Programme and Student Development and Mentoring services. Additionally, the school organizes various professional development programs including Executive Development Programmes (EDP), Management Development Programmes (MDP), and Faculty Development Programmes (FDP). The institution also hosts recurring events such as the International Conference, Global E-Summit, and Bizcom entrepreneurship competition. The overall portfolio represents a traditional business education ecosystem centered on the MBA program with complementary academic and industry-facing initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• 2 Year Full Time NBA Accredited MBA Program Flagship 2-year full-time MBA program accredited by the National Board of Accreditation (NBA), affiliated to Maulana Abul Kalam Azad University of Technology (MAKAUT), West Bengal, and approved by AICTE. Targets graduates seeking management education for corporate careers. Fees are published on the official course fees page.
• Executive Development Programme (EDP) Executive education program for working professionals and managers covering topics such as Quantum Computing and Artificial Intelligence. Designed for senior managers seeking short-format executive upskilling.
• Management Development Programme (MDP) Professional development program for working managers, with topics such as Employee Engagement. Targets practicing managers seeking short-format capability development.
• Faculty Development Programme (FDP) Multidisciplinary research-focused faculty development programme conducted in collaboration with international universities such as Tribhuvan University, Nepal. Targeted at academic faculty seeking research and teaching capability development.

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Lincoln International Business School, U.K.coreStrategic or Co-development PartnerHeritage Business School organized a two-day virtual conference in collaboration with Lincoln International Business School, U.K. on February 18th and 19th, 2022. The conference theme was 'How do Firms and Institutions React to Global Shocks: Risk, Resilience and Recovery'.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• XLRI Jamshedpur: Top-tier Indian B-School in East India offering flagship MBA/PGDM and extensive executive education. Geographic peer in Eastern India and comparable in offering EDP/MDP programs, but operates at a markedly higher prestige tier.
• SPJIMR (SP Jain Institute of Management and Research): Leading private B-School in Mumbai offering flagship MBA/PGDM and substantial executive education programs. Comparable in product mix (MBA + EDP/MDP) and ranked-private positioning, though at a higher national tier.
• Amity Business School: Large private business school under Amity University offering MBA and management development programs with multi-campus presence. Comparable in scope of MBA + executive education offerings and conglomerate-style parent structure.
• IIM Calcutta: India's premier B-School located in Joka, Kolkata, offering flagship MBA, executive education, and management development programs. Most directly comparable geographically and in product offering (MBA + EDP/MDP) but operates at a vastly higher prestige and scale tier.
• Symbiosis Institute of Business Management (SIBM): Large private B-School under Symbiosis International University offering flagship MBA plus executive education. Comparable in product portfolio (MBA + EDP/MDP) and AICTE/UGC accreditation pathway, but operates nationally rather than regionally.

Regional players

• MAKAUT-affiliated B-Schools cluster (e.g., Heritage Institute of Technology, Techno India): Other West Bengal private B-Schools and management programs affiliated to MAKAUT and approved by AICTE. Compete for the same JEMAT applicant pool and serve the same regional MBA market.

Direct peers

• Calcutta Business School: Private B-School in Kolkata's vicinity offering a 2-year full-time MBA program with similar AICTE approval and regional placement focus. Closest direct peer in terms of geography, target student segment, and program structure.
• Praxis Business School: Private B-School with campus in Kolkata offering MBA and PGDM programs. Competes in the same Eastern India MBA market with a similar tuition-funded, placement-driven model.
• Globsyn Business School: Kolkata-based AICTE-approved B-School offering management programs with an emphasis on industry interface and corporate exposure. Directly competes for the same MBA applicant pool in Eastern India.
• International Management Institute (IMI) Kolkata: Private B-School in Bhubaneswar/New Delhi orbit with a Kolkata campus offering AICTE-approved PGDM/MBA programs. Comparable in structure, accreditation, and target segment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/HeritageBSchool
• Instagraminstagram.com/heritagebusinessschoolkolkata
• LinkedInlinkedin.com/company/heritage-business-school

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heritage Business School