IIM-A alumni have garnered 8 Padma Awards - Padma Bhushan (K. V. Kamath, CK Prahalad, Mallika Sarabhai and M. S. Banga) and Padma Shri (Kiran Karnik, K Raghavendra Rao, S. P. Kothari and Sanjeev Bikhchandani).