The purpose of the paper is to highlight the phenomenon of sustainable management education and its facilitating factors by exploring the indigenous wisdom of Bhartiya (Indian) Gurukul philosophy. The paper provides an understanding of the Gurukul philosophy can contribute to the domain of educational sustainability by underlying the facilitating factors of sustainable management education. Drawing on the indigenous wisdom of the Gurukul philosophy, the paper provides five facilitating factors for making management education more meaningful and sustainable: Aparigrah (minimalism), Swawlamban (self-reliance), Udyam (entrepreneurial initiatives), Uttardayitava (responsibility) and Chetna (consciousness). The paper provides implications for institutional educational philosophy for both internal (faculty, students, infrastructure, board members) and external (corporate and society) stakeholders at large.