The director Prof Ashish Nanda in his communication to the IIMA fraternity informed that Ministry of Human Resource Development has appointed Shri Kumar Mangalam Birla, the 49-year-old Chairman of one of the leading industrial conglomerate Aditya Birla Group, as Chairman of the Society and the Board of Governors of Indian Institute of Management, Ahmedabad, for three years with effect from October 21, 2016.
A search committee to select the IIM-A Chairman was formed soon after earlier chairman Mr AM Naik's resignation. the panel included Naik as its head, with Sanjay Lalbhai of the Arvind Group, Pankaj Patel of Zydus Cadila and D. Shivakumar of Pepsico India as members.The first shortlist of 3 eminent personalities from business world was rejected by the then MHRD.
Later, a new three-member panel headed by Pankaj Patel was constituted. The panel this time included the Mr Kumar Mangalam Birla as a probable name.
Institute's Board of Governors discussed these names in late September and sent to the HRD Ministry for approval.