The first Advisory Board of the Institute of Management consists of eminent academicians, philanthropists and industrialists in the field of Management. The role of Advisory Board is to advise the Director and Institute on the latest development and best practices in Management, particularly for promoting knowledge, skill-development, research and consulting opportunities.

Shri K.M Shah – Member (Main Donor of Institution), CMD, Best Exports Pvt.Ltd, Mumbai
Mr Ashokbhai Patel – President (Former) Federation of Gujarat Industries & MD, Simalin Chemicals Ltd. Vadodara
Dr Satendra Kumar - Chairperson of Advisory Board, Former Dean & Head of Dept of Business and Industry, South Gujarat University Surat
Prof. (Dr) Surendra Sundararajan – Member, Professor of Finance, Faculty of Management Studies, M.S.University of Baroda
Prof. M.R Patel – Member, Principal, Government Engineering College, Ahmedabad (GTU Nominee)
Dr. Tejalben Gandhi – Member, Principal, Anand Pharmacy College, Anand
Smt. Hemaben Shah – Member, Wife of Late Shri C.K Shah
Dr Samirbhai K Shah – Member, M.D Radiologist         Dr Nilay Yajnik - Professor & Chairman, Information Systems Area, Narsee Monjee Institute of Management Studies, Mumbai