IIM-A was established in 1961 as an autonomous Institution by the Government of India in collaboration with the Government of Gujarat and the Indian Industry. Dr. Vikram Sarabhai, a noted scientist and industrialist, other Ahmedabad-based industrialists (led by Mr. Kasturbhai Lalbhai), and the Government of Gujarat (led by Dr. Jivaraj Mehta) played a major role in the creation of the Institute. IIM-A was registered as a society with a Board of Governors to oversee the functioning of the Institute. The Board has representatives from the Governments of India and Gujarat, the Industry, the IIM-A Society, the IIM-A faculty, etc.