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