The IIHS is governed by a Board of eminent Indians. The Board has delegated responsibility to an executive chairperson, two vice-chairpersons and the IIHS Director. They are assisted in operational governance by an eight-member Executive Committee.
| Executive Chairperson: | Chandrashekar B. Bhave |
| Vice Chairpersons: | Rakesh Mohan Xerxes Desai |
| Director: | Aromar Revi |
| Executive Committee: | Aromar Revi Chandrashekar B. Bhave Cyrus Guzder Deepak Satwalekar Kishore V. Mariwala Rakesh Mohan Shirish B. Patel Xerxes Desai |
