Zydus Lifesciences chairman Pankaj Patel has been appointed the new chairman of the Board of Governors of the Indian Institute of Management Ahmedabad (IIMA), in place of Kumarmangalan Birla, whose term expired on 15 November. Patel has been on the IIMA Board for the past eight years. He is also on the Board of IIM-Udaipur and a Director on the Central Board of the Reserve Bank of India (RBI).