Devi Prasad Shetty is the Chairman of Board of Governors of IIM Bangalore. He is also the Chairman of Narayana Health which he founded in the year 2000. He initiated the concept of “micro health insurance scheme” in Karnataka.. He is the recipient of numerous awards and honours for his pioneering work in the field of medical care. These include ‘Padma Shri’ and ‘Padma Bhushan’ Award in 2003 and 2012 respectively and the ‘Rajyotsava Award’ in 2002 conferred by the Government of Karnataka. He was an Honorary Fellow at the College Physicians and Surgeons of Mumbai, Doctor of Laws in 2011 and has also been awarded the Doctor of Laws by the University of Minnesota in 2011.