Board of Governors
Ilma University - Formerly IBT is founded by Global Educational Consultants Society (GEC), a registered non-profit educational society. The university was established in 2001 and is chartered by the Govt. of Sindh, as an independent degree awarding institution, vide Act No. II of 2004 legislated by Assembly of Sindh in year 2004. It is placed in the top most W category University of higher learning by Higher Education Commission of Pakistan (HEC). In 2017 IBT was upgraded to the status of a University through legislative Act of Sindh Assembly.
The University has a Board of Governors of renowned personalities who guide the university with their experience. Following are the members:
| Mr. M. Abid Lakhani | Life Chairman |
| Ms. Kanwal H. Lakhani | Nominated Chairperson |
| Mr. Noman Abid Lakhani | Chancellor |
| Dr. Mansoor Uz Zafar Dawood | Vice Chancellor |
| Justice Fahim Ahmed Siddiqui | Nominee of Chief Justice, Sindh High Court |
| Dr. A.Q Mughal | Nominee of Chariman HEC |
| Dr. Asim Hussain | Chairman SHEC (Honorary Member) |
| Dr. Asif Kamran | Dean, Faculty of Management Sciences |
| Dr. Asad Ali Sheikh | Dean, Faculty of Computer Sciences |
| Syeda Marvi Faseeh | MPA Nominated by speaker of Sindh Assembly |
| Sharjeel Inam Memon | MPA Nominated by speaker of Sindh Assembly |
| Mr. Rafik Ahmed Burrio | Secretary Education or his nominee |
| Mr. M. Shariq Vohra | President of Karachi Chamber of Commerce & Industry |
| Dr. Farhan Essa Abdullah | Eminent Scientist |
| Dr. Adnan Abid | Nominated by the Society |
| Mr. Faraz Lakhani | Nominated by the Society |
| Mr. Hammad Tahir | Nominated by the Society |
| Mr. Shakil Qadir | Nominated by the Society |
| Dr. Jawed Iqbal | Member, Research |
| Dr. Asif Khan | Member, Education |
| Mr. Farid Ali Khan | Member, Banking/Industry |
| Mr. Yaseen | Member, Finance/Industry |
| Syed Kashif Rafi | Registrar/Secretary |
| Mr. Fawad M. Butt | Director QAL |