Indian Institute of Management Lucknow offers Post Graduate Program in Management for working executives, which is a 3 year part time program for working professionals. It is also equivalent to MBA course. The program objectives are mentioned for your reference. Go through it.

Acquire the prevailing state-of-art knowledge and skills in the functional areas of management;
Comprehend the meaning of socio-economic, technological and ecological environment of modern societies and their characteristic
Value societal well being and the responsibility of corporate citizens.
Develop analytical and innovative foresight to gauge change and to enhance effectiveness and efficiency of business systems