Gujarat Titans made history last year by winning the IPL in their debut year, led by all-rounder Hardik Pandya.
The 42-year-old was part of KKR's title-winning campaign in 2012 and 2014. He will succeed James Foster who has now been promoted to the team's assistant coach.
Pandit replaces Brendon McCullum, who is now the head coach of the England Test side.
On Friday, Lee took to Twitter and dropped a sweet comment on Shah Rukh's latest picture with the actor looking dapper while taking a mirror selfie.
Turning out for KKR, Rahane scored 133 runs from seven matches in the just-concluded IPL, but the Mumbaikar termed his experience as a "good one".
The head coach said that even though his side ended on the wrong side of the game against LSG and a couple of things did not go in their favour, he is still proud of the commitment shown by his team.
A bit of frustration came out in Quinton de Kock's uncharacteristic celebration after his blazing hundred against Kolkata Knight Riders in the IPL.
After being down and out chasing 211, KKR brought the equation down to five off three balls with the help of Rinku Singh.
De Kock gave a batting masterclass enroute to an unbeaten 140 off 70 balls as he and Rahul (68 not out off 51) fired LSG to 210 for no loss, the highest opening stand in IPL history.
Skipper Williamson is enduring a wretched run in this season of the IPL. The Kiwi has collected just 208 runs from 12 games at an average of 18.92.
Kolkata Knight Riders confirmed that pacer Pat Cummins had been ruled out of the remainder of IPL 2022 with a mild hip injury.
Despite the five-wicket haul he made against KKR, Bumrah has been able to take only 10 wickets in this IPL season from 11 matches.
Kolkata Knight Riders Shreyas Iyer said he is not totally satisfied with the victory and would want to maintain this form in the upcoming games.
Bumrah registers his best figures in IPL but Mumbai's batting fall apart to face 52-run defeat
The brand of cricket they had played with Brendon McCullum at the helm made for an exciting prospect, making one wonder if Shreyas could unleash a newfound extra gear in the IPL.
Sams, who has picked up seven wickets from as many matches, feels his team-mates are motivated to win their remaining matches.
Kolkata Knight Riders resemble a sinking ship ahead of a rather inconsequential IPL-15 match against bottom-placed Mumbai Indians.
Former champions KKR suffered their seventh defeat on Saturday night, a 75-run drubbing by Lucknow Super Giants here.
Quinton De Kock slammed a 29-ball-50 but Lucknow almost frittered away a solid start before some lusty hitting in a 30-run penultimate over off Shivam Mavi took them to 176 for 7.
Rahul has led LSG from the front, amassing a staggering 451 runs from 10 matches, with two hundreds and as many fifties to be the second highest run-getter this season.