Dr Devi Shetty Is Chairperson Of Board Of Governors Of IIM Bangalore

22 October 2018: Dr Devi Prasad Shetty, Chairman and Senior Consultant Cardiac Surgeon, Narayana Group of Hospitals, Bengaluru, has been appointed Chairperson, Board of Governors, IIM Bangalore. The decision was taken by the Board of Governors of IIM Bangalore, at its 167th meeting held on October 09 (Tuesday), 2018.

The term of office of the Chairperson, Board of Governors is four years from October 22, 2018, when Dr Shetty assumes office.

“It is a matter of immense happiness that one of the most well-known and respected persons in the field of medicine and in the business of hospital management, Dr Devi Prasad Shetty, is IIMB’s Chairperson,” said Professor G. Raghuram, Director, IIM Bangalore.

Dr Devi Shetty has been the chief guest at the Foundation Day lecture (2008) and the Convocation Day (2015) at IIM Bangalore, previously, and nurtures an abiding interest in the institution.

Sharing his thoughts about how he is looking forward to contribute towards taking IIMB to greater success, Dr Devi Shetty said, “It is a great privilege and an honour to serve as Chairperson of the Board of Indian Institute of Management Bangalore. Over the years, IIMB has grown to become India’s leading management institute that attracts the best and brightest students from across the country. The alumni of this institution are sought after by leading companies from across the world, including my own.

“Surgeons are like artists and we approach the world through feel, touch and instinct. However, the world of business is more complicated than an open chest, and only the devotees of technology who can synthesize multiple data points will be able to make good decisions. The companies of the future will invest more into digital assets than bricks or mortar and their managers will have to supervise bots, not humans. So, the management curriculum must evolve to cope with a rapidly evolving digital landscape.”

Dr Shetty founded Narayana Hrudayalaya (NH), a hospital group with a pan-India presence. NH manages 32 hospitals and performs approximately 12% of the total heart surgeries in India. Around 40% of them are on children with heart disease.

Dr Shetty and his team have a mission to make health care affordable in developing countries using process, protocol and technology. He was the first surgeon in India to perform heart surgeries on new-born babies. He also introduced minimally invasive surgery using microchip camera to close holes in the heart. He pioneered operations for complex heart conditions like pulmonary endarterectomy, redo heart surgery, valve repairs in new-born babies and aortic aneurysm surgeries. He has been the power behind many great initiatives which have contributed immensely towards the enhancement of healthcare in the country as well as in some other parts of the world.

He was also nominated to the Board of Governors of the Medical Council of India between 2010 and 2011 and was tasked with reforming medical education and medical practice. He was elected representative of the President of India in the Board of Governors of Indira Gandhi National Open University and launched a Diploma in Community Cardiology program to train 2000 specialists for treating heart patients in rural India.

He created world’s first micro-health insurance called ‘Yeshaswini’ with a premium of INR 5 a month. Millions of farmers across Karnataka had access to major surgeries at no additional cost. Yeshaswini eventually became the model for many state governments’ health reimbursement schemes.

Dr Shetty launched India’s first telemedicine program, in partnership with ISRO, to offer cardiac care across remote locations in India and Africa. This program treated over 53,000 patients, free of cost.

Proficient in several languages, Dr Shetty has also been the recipient of several prestigious awards such as the Padma Shri, 2003, Padma Bhushan, 2012, Ernst & Young Entrepreneur of the Year, 2003, Medical Council of India Dr. B C Roy Award 2003, World Economic Forum Social Entrepreneurship Award, 2005, The Economist Innovation Award, 2011, Nikkei Innovation Award, 2014, etc.

Indian Institute of Management Bangalore

About Indian Institute of Management Bangalore: Indian Institute of Management Bangalore (IIMB) is a leading graduate management school in Asia. Under the IIM Act of 2017, IIMB is an Institute of National Importance. IIMB has 110 full-time faculty members, more than 1200 students, and nearly 5000 annual Executive Education participants. IIMB’s logo carries a proclamation in Sanskrit, (tejasvi navadhitamastu), which translates as ‘let our study be enlightening’. IIMB’s vision is to be a global, renowned academic institution fostering excellence in management, innovation and entrepreneurship for business, government and society. Located in India’s high technology capital, IIMB is in proximity to some of the leading corporate houses in the country, ranging from information technology to consumer product companies, giving the school the added advantage of integrating classroom knowledge with practical experience. IIMB’s degree/ diploma-granting programmes comprise the Executive Post Graduate Programme in Management (EPGP), the Fellow Programme in Management (FPM), the Post Graduate Programme in Enterprise Management (PGPEM), the Post Graduate Programme in Management (PGP), and the Post Graduate Programme in Public Policy and Management (PGPPM). All these programmes are very highly rated and IIMB alumni occupy senior managerial and academic positions around the world. IIMB also offers the NSR Pre-doctoral Fellowship (NSR Pre-doc). An EQUIS-accredited school, IIMB has deep engagements with international networks, such as the Global Network for Advanced Management, a network of 32 eminent business schools around the world, and the Partnership in International Management, a consortium of more than 60 leading international business schools. IIMB is on an exciting trajectory of expansion and growth. For more on IIMB, go to www.iimb.ac.in