New Delhi: Noted industrialist Ratan Tata figures among a list of three names proposed by IIT Bombay as the next chairman of its Board of Governors.

The chairman's post fell vacant after the tenure of nuclear scientist Anil Kakodkar ended on May 11.

Ratan Tata

The panel of three names have been received by the Human Rresource Developemnt Ministry for consideration and placing it before the President (the Visitor) for approval, Ministry officials said.

The 77-year-old industrialist was a consulting professor in the Management Science and Engineering programme at the Stanford University and is also associated with the IIT Bombay, as a member of the premier institute's advisory council.

Tata Education and Development Trust, a philanthropic arm of the Tata Group, had donated USD 50 million to the Harvard Business School in 2010.