The 39-year-old Bond, currently employed in similar capacity with the New Zealand national team, will join in the ranks of Mumbai Indians' support staff along with former Australian great Ricky Ponting, Jonty Rhodes (fielding coach) and Robin Singh (batting coach).
Ponting was recently handed over the responsibility of head Coach for Mumbai Indians.
Bond is no stranger to IPL. Having played his trade during 2010 season with KKR, the Kiwi is hopeful to settle quickly in his new role.
Bond's appointment with Mumbai Indians came close on the heels of his decision to step down as bowling coach of New Zealand after the upcoming World Cup.
The former international paceman's contract ends at the completion of the tournament and he has decided against seeking an extension.