Dr. Shetty named as chairman of management college

Dr. Devi Prasad Shetty, chairman of Narayana Health and founder of Health City Cayman Islands, has been appointed chairman of the Indian Institute of Management, Bangalore Board of Governors.

The school’s board of governors made the appointment at its meeting on Oct. 9. Dr. Shetty assumed the four-year position Monday, according to a story on the New Delhi Television website.

“It is a great privilege and an honor,” the story quoted Dr. Shetty as saying. “Over the years, IIMB has grown to become India’s leading management institute that attracts the best and brightest students from across the country.”

He said the alumni of the institution are sought after by leading companies from across the world, including his own.

“Surgeons are like artists and we approach the world through feel, touch and instinct,” he told the TV station. “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, a hospital group with pan-India presence. The company manages 32 hospitals and performs approximately 12 percent of the total heart surgeries in India, about 40 percent of which are on children with heart disease.

Dr. Shetty’s 104-bed Health City in East End, which opened in 2014, specializes in cardiac care, with an emphasis on pediatric patients.