The Aditya Birla Group Chairman and well-known industrialist in the nation, Kumar Mangalam Birla, has been replaced as chairman of the Indian Institute of Management (IIM) Ahmedabad.
The IIM Ahmedabad Governing Council voted to replace Kumar Birla with Pankaj Patel despite the Central Govt’s backing for Birla’s extension. In 2016, IIM Ahmedabad appointed Kumar Mangalam Birla as its chairman of the governing council.
AK M Nayak, the head of the L&T Group, had resigned as chairman of IIM before him due to a lack of time. The nation’s premier management institute, IIM Ahmedabad, then appointed Kumar Mangalam Birla as its chairman. His term expired on November 15th.
The Governing Council chose to alter the chairman by voting four days beforehand. IIM Ahmedabad is regarded as one of the best business schools in the nation. The position of Chairman of the Governing Council is filled by the most powerful business people in the nation.
Media reports claim that Kumar Mangalam Birla himself wished to keep his position as chairman of IIM Ahmedabad. The Central Government also recommended doing this. But in a shocking turn of events, Kumar Mangalam Birla, chairman of the Aditya Birla Group, was replaced from his position at IIM Ahmedabad.
After two rounds of online voting, the IIM Governing Council members chose to replace Kumar Mangalam Birla from his position as chairman on November 11. Four days after the election on November 11, Kumar Mangalam Birla’s term was set to expire on November 15. Pankaj Patel was chosen by the IIM Governing Council to replace Kumar Mangalam Birla as chairman. Pankaj Patel is Zydus Lifesciences’ chairman.
The choice to replace Kumar Mangalam Birla from his position as Chairman of IIM Ahmedabad is intriguing, especially given that the Centre’s request was described as being against the regulations. The central government has suggested that Kumar Mangalam Birla’s term be extended by one additional year.
However, the IIM Governing Council members voted against Kumar Mangalam Birla because they disagreed with this rule.