Application For Faculty Positions Applying Under

Faculty Recruitment

Application No IIMM-ADMN/RECTT/FACULTY/2025/01-00301

Area/Specialization Finance & Accounting

Post Applied for Professor

Area of Specialization Cost Accounting and Industrial Management

Personal Information

Name of the applicant KEYURKUMAR MAHESHCHANDRA NAYAK

Email keyurdhuya@[Link] Mobile 09925006051

Date of Birth 1975-08-31 / 49 Yrs. Gender Male

Nationality Indian Marital Status Married

Category General Physically Challenged No

Mailing Address Details Permanent Address Details

Line 1 A 704 Pramukh Residency, Chala Line 1 A 704 Pramukh Residency, Chala

Line 2 Taluka: Pardi, District: Valsad Line 2 Taluka: Pardi, District: Valsad

State Gujarat District Valsad State Gujarat District Valsad

City Umbergaon Pincode 396191 City Umbergaon Pincode 396191

Salary Details

Scale of Pay/Pay Matrix Level 14 Currency Indian Rupees

Basic Pay/Pay in the Pay Matrix Level 153000 Grade Pay

Gross Salary (per month) 276510 Allowances DA (50%) of

Basic + HRA
(27%) Basic +
CLA 300 + TA
5400

Month(s) required to join (if selected) 3

25-03-2025 1/13 IIM Mumbai

Educational Qualifications

Examination School/Institute Affiliated Passing Discipline Division/Class Obtained Total Total Rank
Board/Autonomous Year Marks/CGPA Marks/CGPA %
Body

Std-X I P Oza High Gujarat Secondary 1990 First 66.00% 700 66.00% First
School Education Board
Palikermbeli

Std-XII R G A S High Gujarat Secondary 1992 First 64.00% 600 64.00% First
School Vapi Education Board

B Com Government Veer Narmad 1995 Commerce First 67.84% 900 67.84% First
College Daman South Gujarat
University

M Com Veer Narmad Veer Narmad 1999 Commerce First 68.12% 800 68.12% First
South Gujarat South Gujarat
University University

Ph.D/Fellow Details

Whether Ph.D or Fellow Ph.D Institute/University Veer Narmad South

Gujarat University

Thesis Title A Study of Investors Views in Capital Market in Valsad District

Department Management Date of joining 2003-08-16

Award Status Awarded Date of Award 2006-04-27

Submission Status Submitted Date of Submission

Abstract Understanding investors views and their behavior is crucial for assessing market
dynamics and improving financial inclusion. The study examines the views of
investors in the capital market within Valsad district, visualizing on their investment
preferences, risk appetite, awareness levels, and challenges faced. A structured
survey was conducted among investors to gather insights into their decision-making
processes. The findings reveal that while a significant portion of investors in Valsad
actively participate in equities and mutual funds, many lack in-depth financial
literacy, leading to conservative investment choices. Risk aversion remains high,
with a preference for traditional investment options such as fixed deposits and gold.
The study also highlights key factors influencing investment decisions, including
economic conditions, market volatility, and regulatory policies. The researcher
observes the need for enhanced investor education and policy interventions to foster
informed decision-making. By bridging knowledge gaps and promoting diversified
investment strategies, financial institutions and policymakers can encourage greater
participation in the capital market, thereby contributing to regional economic
growth.

Teaching Experience Details

1. Nature of Experience Full Time

Institute/University Veer Narmad South Gujarat University NIRF Rank: 167`

Designation Full Time Lecturer

Period 2006-05-01 to 2007-12-31 Duration 22 Month(s)

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Subject Taught Financial Management, Management Level Taught UG
Accounting

2. Nature of Experience Full Time

Institute/University Mumbai University NIRF Rank: 45

Designation Associate Professor

Period 2008-01-01 to 2009-06-30 Duration 20 Month(s)

Subject Taught Financial Management, Security Level Taught PG

Analysis and Portfolio Management

3. Nature of Experience Full Time

Institute/University University of Mumbai NIRF Rank: 45

Designation Director

Period 2022-05-09 to 2025-02-22 Duration 36 Month(s)

Subject Taught Research Methodology Level Taught PG

4. Nature of Experience Full Time

Institute/University Gujarat Technological University/Laxmi Institute of Management NIRF Rank: 151

Designation Director

Period 2013-08-01 to 2022-05-07 Duration 114 Month(s)

Subject Taught Financial Management, Security Level Taught PG

Analysis and Portfolio Management,
Strategic Management

Courses Taught

Level Subject Name Year

PG Research Methodology 2025

PG Research Methodology 2024

PG Research Methodology 2023

PG Finance and Accounting 2022

PG Finance and Accounting 2021

Industrial Experience Details

1. Nature of Experience Full Time

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Organization M/s Sterlite Industries India Designation Commercial Trainee
Limited

Period 1995-11-23 to 1997-07-14 Duration 21 Month(s)

Remarks Inventory Management and Purchase

Key
Contribution(s)/Achieveme
nt(s)

Award(S)/Honour(S)

Type Name of Award/Honour* Organization Presenting Year

Award/Honour*

National Prof. Manubhai M Shah Memorial Award for Indian Commerce Association 2023
Excellence in Commerce & Business Management
(MMSMA)

International Global Academic Excellence Awards for IEEE USA 2023

Institution

University Level Pedagogical Innovation Award Gujarat Technological University 2017

National Innovation in Education Higher Education Forum 2017

University level Best Research Paper Award Gujarat Technological University 2018

Doctoral Guidance

Name of Candidate Dr Poonam Yadav

Title of Thesis A Study on Measuring Awareness and Satisfaction of Innovative Banking Users in
South Gujarat Region

Department Management University/Institute R K University

Duration 2012-07-05 - 2017-09-08 Status Awarded

Guide/Co-Guide Name (if Dr Keyurkumar M Nayak

any)

Name of Candidate Dr Bhautik Shah

Title of Thesis A Study on Customer Perception of Service Quality in Online Shopping

Department Management University/Institute Pacific University

Duration 2016-05-15 - 2018-05-15 Status Awarded

Guide/Co-Guide Name (if Dr Keyurkumar M Nayak

any)

Name of Candidate Dr Jainish Atulchandra Bhagat

Title of Thesis A Role of Merchant Bank in Indian Capital Market

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Department Management University/Institute Dr Babasaheb Ambedkar
Open University

Duration 2014-04-10 - 2019-01-22 Status Awarded

Guide/Co-Guide Name (if Dr Keyurkumar M Nayak

any)

Name of Candidate Dr Jayakumari Dakhwani

Title of Thesis A Study on Financial Distress of Selected Indian Companies

Department Management University/Institute Gujarat Technological

University

Duration 2015-02-16 - 2019-02-16 Status Awarded

Guide/Co-Guide Name (if Dr Keyurkumar M Nayak

any)

Name of Candidate Dr Shyamsunder S Singh

Title of Thesis A Study of Marketing of Services by Commercial Banks in South Gujarat

Department Management University/Institute Gujarat Technological

University

Duration 2019-12-30 - 2023-12-30 Status Awarded

Guide/Co-Guide Name (if Dr Keyurkumar M Nayak

any)

Name of Candidate Dr Rishhi Khara

Title of Thesis Measuring Impact of financial Self Efficacy of investors on Financial Behavior

Department Management University/Institute Gujarat Technological

University

Duration 2022-01-01 - 2025-01-10 Status Awarded

Guide/Co-Guide Name (if Dr Keyurkumar M Nayak

any)

Reaserch Guidance

Degree Guidance Nos. Completed Nos. In Progress

PhD/Fellow 11 06 05

Master 250 250 0

Broad Areas Management

Publication Details
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1. Title Examining the factors influencing Type Research paper
fintech adoption behaviour of gen
Y in India

Author Corr Author Journal Name Cogent Economics and Finance

Volume 11 Page 1

Year 2023 No. Citation 53

Impact Factor 2 Indexed in ABDC

Description Corresponding Author, Data Analysis and Addressed Reviewer`s Query, Developing Research Team

2. Title Has digital banking usage Type Research paper

reshaped economic empowerment
of urban women?

Author Any of the Authors Journal Name Journal of Management and

Governance

Volume 28 Page 543–563,

Year 2023 No. Citation 3

Impact Factor 3.3 Indexed in SCOPUS

Description The study investigates the impact of digital banking usage on women’s economic empowerment (WEE) from
a developing country stance by considering working women in formal sectors.

3. Title Carbon management accounting Type Research Paper

an evolving approach to enhance
transparency and accountability in
accounting and reporting practices

Author Any of the Authors Journal Name Journal of Accounting &

Organizational Change

Volume ahead-of-print Page ahead-of-print

Year 2024 No. Citation 0

Impact Factor 2.4 Indexed in SCOPUS

Description This study aims to examine the factors driving the adoption of carbon management accounting (CMA) and
various considerations that mediate its effectiveness in accounting and disclosure practices.

4. Title Cello Plastotech: adopting the Type Case Study

triple bottom line as a
sustainability strategy

Author Any of the Authors Journal Name Emerald Emerging Markets Case
Studies

Volume 13 Page

Year 2023 No. Citation 1

Impact Factor [Link] Indexed in ABDC

2021-0294

Description On completion of the case, the students will be able to understand the concept and importance of
sustainability; understand how triple bottom line can help a company make a transition towards
sustainability; evaluate the tensions between the three pillars of triple bottom line approach; assess the role
of circular economy model as opposed to the conventional linear model in the transition of a company
towards sustainability; and understand the sustainability challenge in an emerging market context.

5. Title Application of Artificial Type Conference Paper

Intelligence in the Supply Chain
Finance

Author Any of the Authors Journal Name International Conference on

Science Technology Engineering
and Management (ICONSTEM)

Volume 10.1109/ICONSTEM56934.2023.101 Page 10.1109/ICONSTEM56934.2023.101

42286 42286

Year 2023 No. Citation 0

Impact Factor 0 Indexed in SCOPUS

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Description Artificial intelligence (AI) has numerous applications in supply chain finance, including the ability to
streamline processes, improve decision-making, and reduce costs. This abstract will discuss some of the key
ways in which AI is being used in supply chain finance.

Author H Index

Conference/ Seminar

1. Author Dr Keyurkuamr M Nayak Co-Author

Type Other Year 2018

Title Measuring Innovative Banking users’ awareness scale in Indian context

Description International conference on Humanities, Arts and Science organized by Faculty of

Modern Languages and Communication University Putra Malaysia

2. Author Dr Keyurkuamr M Nayak Co-Author Dr Vinod B Patel

Type Other Year 2019

Title Impact of Climate Change on Health

Description International Conference organized by Hanoi Industrial Textile Garment University,

Vietnam

3. Author Dr Keyurkuamr M Nayak Co-Author

Type Europe Year 2022

Title Digital Transformation

Description International Scientific and Practical Conference organized by Ministry of Education

and Science of Ukraine

4. Author Dr Keyurkuamr M Nayak Co-Author

Type US Year 2011

Title Reviewer

Description American Marketing Association Marketing and Public Policy Conference organized
by Villanova University, USA

5. Author Dr Keyurkuamr M Nayak Co-Author

Type Other Year 2011

Title Fundamental Analysis of Indian Telecom Sector,2011,Fundamental Analysis of Indian

Telecom Sector

Description Finance Conference organized by IES - Mumbai

Key Contributions To Institute

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1. Position Director Institute/University Laxmi Institute of
Management

From Date 2013-08-01 To Date 2022-05-07

Description Establish B Voc in Banking, Insurance and Financial Services, Organized Conferences
and also establish engineering programs, Accreditation of UG Programs

2. Position Director Institute/University University of Mumbai`s

Garware Institute of
Career Education and
Development

From Date 2022-05-09 To Date 2022-03-03

Description Implemented NEP 2020 and BOS Chairman for 65 Programs. IQAC Chairperson for
Departmental Ranking Framework

Patent(S) / Copyright(S)

Title Type Date of File Granted on Description

Research on Blockchain and supply National 2022-07-16 2022-07-22 [Link]

chain based E-Bidding systems ch/ApplicationStatus 202241040793

Impact on whether taxation is the National 2022-07-09 2022-07-22 [Link]

best instrument for selling the life ch/ApplicationStatus 202241039563
insurance policies

The role of block chain technology in National 2022-07-01 2022-07-08 [Link]

banking and financial markets ch/ApplicationStatus 202241037972

Solar Cooker - Design Patent National 2022-10-15 2023-01-06 [Link]

372614-001

IMPACT OF BLOCK CHAIN National 2023-03-02 2023-03-24 [Link]

TECHNOLOGY ON ELECTRIC VEHICLE ch/ApplicationStatus 202341013953 Application Number
INDUSTRY

Smart Seed Plantation Device Europe 2022-09-19 2022-10-12 [Link]

6232601

Sponsored Research

Project Name Need Assessment for Menstrual Hygiene in Jalana, Maharashtra

Name of Members 4

Designation PI Team Size 4

Name of Funding Agency Aditya Birla Education Agency Type Industrial

Trust

Duration 2 months Amount Grant 891000

Key Contribution(s) This needs assessment will help design targeted interventions to improve menstrual
hygiene in Jalna, ensuring better health, education, and dignity for women and girls.

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Consultancy Undertaken

Designati Project Name Sponsored By Duration Project Team Size

on Value

Lead Excise ERP Software Government of Daman and 1 Year 1100000 2

Member Development DiU

Lead Branding of Laxons Property Pvt Laxons Property Pvt Ltd 2 Months 200000 2
Member Ltd

Lead Awareness on Human Rights at M/s Sterlite Industries(I) 3 Years 300000 2

Member M/s Sterlite Industries(I) Ltd Ltd

Lead Training of Nurses on Shri Vinoba Bhave Civil 2 months 200000 2

Member Management Techniques Hospital, Silvassa

Lead Achieving Excellence in International Packaging 2 Days 50000 1

Member Managerial Communication at Products Pvt Ltd
workplace

MDP

Role Title Year No of Team Total

Days Size Revenue

Course Leader Financial Statement Analysis in J K Cement - 2015 2 2 300000

Chittorgarh - Rajashthan

Course Leader Team Building 2016 2 2 50000

Course Leader Financial Modeling and Business Valuation 2023 2 1 200000

UBP

Role Title Client Name Year No of Team Total

Days Size Revenue

Course Leader Market Aligned Skill Training AIF - America 2023 120 4 1645950
India
Foundation

FDP

Role Title Organization Year No of Team Total

Days Size Revenue

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Resource Data Analysis Using Smart PLS The SIA 2024 2 1 50000
Faculty and SPSS College of
Higher
Education -
Dombivalli

Resource AI for Research Research 2025 6 3 150000

Faculty Shiksha

Resource Data Analysis Using Smart PLS Research 2020 2 2 300000

Faculty Shiksha

Reference Details

Name Organization/ Designation Email Mobile Address

Institute

Dr Aviral Tiwari IIM Bodhgaya Associate aviral.t@ii 96963 Indian Institute of Management Bodh
Professor [Link] 57274 Gaya Uruvela, Prabandh Vihar Bodh
Gaya – 824234, Gaya, Bihar, India

Dr Neeraj Kaushik NIT Kurukshetra Head and [Link] 999625972 National Institute of Technology
Associate hik@nitkkr. 5 Kurukshetra – 136119 Haryana (India)
Professor - [Link]
Management
Department

Other Details

Justification For IIM Mumbai is a premier institution known for its excellence in management
Consideration For Faculty education and research. With my expertise in Accounting and Finance, combined
Position Applied For at IIM with a strong commitment to teaching, research, and industry engagement, I am
Mumbai confident in my ability to contribute meaningfully to the institute’s academic and
institutional goals. 1. Academic and Teaching Excellence I bring a student-centric,
application-oriented teaching approach, emphasizing critical thinking, experiential
learning, and technology integration in finance and accounting. My pedagogy
includes case-based teaching, financial simulations, and data-driven analysis using
tools like Excel, Bloomberg, and financial modeling software. By bridging theory with
practice, I aim to enhance students' analytical and decision-making skills. 2.
Research Contribution and Thought Leadership My research focuses on corporate
finance, financial reporting, corporate governance, and sustainable finance, aligning
with contemporary trends in ESG, fintech innovations, and behavioral finance. I
employ empirical methods, econometric modeling, and data analytics to produce
impactful research relevant to academia, policymakers, and industry leaders. I aim to
contribute to top-tier journals and collaborative projects that enhance the institute’s
research footprint. 3. Industry Engagement and Institutional Development With a
strong network in academia and industry, I actively engage in consulting, executive
education, and knowledge dissemination. My experience in interdisciplinary
collaborations can support IIM Mumbai’s initiatives in policy research, industry
partnerships, and thought leadership forums. I am eager to leverage my expertise to
enhance academic rigor, research excellence, and industry relevance at IIM Mumbai,
contributing to its vision of global leadership in management education.

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Your Vision For IIM Mumbai has the potential to emerge as a global leader in management
Development of Institute education, research, and industry collaboration. My vision for its development
focuses on academic excellence, research impact, industry integration, and global
engagement to position the institute among the top management schools worldwide.
1. Strengthening Academic Rigor & Pedagogy Innovation Introduce technology-
driven learning through AI, big data analytics, and fintech labs to enhance
experiential learning. Expand interdisciplinary programs integrating management
with technology, public policy, and behavioral sciences. Foster a case-based,
simulation-driven curriculum with real-world applications to prepare future-ready
leaders. 2. Enhancing Research & Thought Leadership Establish research centers
focused on financial markets, sustainable finance, corporate governance, and digital
transformation. Encourage collaborative research projects with industry and
government to address real-world business challenges. Strengthen support for high-
impact research publications and global conference participation. 3. Deepening
Industry Collaboration & Executive Education Build strategic partnerships with global
corporations, financial institutions, and policy think tanks. Expand customized
executive education programs to cater to the evolving needs of industry leaders.
Strengthen alumni engagement to enhance mentorship, placements, and funding
opportunities. 4. Promoting Global Outreach & Institutional Branding Develop
international exchange programs with top B-schools and research institutions. Host
global management conclaves and leadership summits to position IIM Mumbai as a
thought leader. Leverage digital platforms to enhance the institute’s global presence
through MOOCs, webinars, and online certifications. With these initiatives, IIM
Mumbai can establish itself as a center of excellence, driving innovation, research,
and industry transformation in the management education space.

Administrative Experience My administrative experience aligns with the strategic vision of IIM Mumbai,
contributing to academic leadership, institutional development, and industry
collaboration. I have actively engaged in key administrative roles that enhance
institutional governance, research initiatives, student development, and industry
partnerships. 1. Academic Leadership & Program Development Designed and
managed academic programs and curriculum enhancements to align with industry
trends and global best practices. Led the development of interdisciplinary courses,
integrating finance, technology, and analytics. Supervised faculty coordination,
ensuring effective course delivery and student engagement. 2. Research and
Institutional Development Spearheaded initiatives to enhance research productivity,
including organizing faculty research workshops and securing research grants.
Facilitated the establishment of research centers focusing on finance, fintech, and
sustainability to foster industry-relevant studies. Encouraged faculty and student
participation in national and international conferences. 3. Industry Partnerships &
Executive Education Strengthened collaborations with corporate partners, financial
institutions, and policymakers to enhance industry engagement. Led executive
education programs, offering customized training for business professionals and
government officials. Organized corporate conclaves, guest lectures, and leadership
summits to bridge academia and industry. 4. Student Development & Institutional
Branding Played a key role in mentorship programs, student research initiatives, and
placement strategies. Worked on initiatives to enhance global partnerships and
student exchange programs. Contributed to branding efforts through thought
leadership, media engagements, and academic outreach. With this experience, I am
confident in my ability to contribute to IIM Mumbai’s growth as a premier
management institute.

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Statement of Teaching My teaching philosophy in Finance and Accounting is centered on fostering analytical
thinking, practical application, and ethical decision-making. I believe that finance
and accounting are not just about numbers but about understanding how financial
principles drive business decisions and economic growth. I emphasize a conceptual
and application-based approach, ensuring that students not only grasp theoretical
frameworks but also learn to apply them in real-world scenarios. I integrate case
studies, financial modeling, and simulation exercises to enhance problem-solving
skills. By using real-world financial reports, market data, and tools like Excel,
Bloomberg, and financial databases, I prepare students for practical challenges in
corporate finance, investment analysis, and financial reporting. A key focus of my
teaching is bridging theory with industry practices. I encourage students to engage
in critical discussions on emerging financial trends, risk management strategies, and
corporate governance issues. I also emphasize the role of ethics and sustainability in
financial decision-making to prepare socially responsible professionals. To cater to
diverse learning styles, I incorporate interactive teaching methods, technology-
driven tools, and experiential learning such as live projects and financial simulations.
I foster a collaborative learning environment, encouraging students to work in
teams, analyze case studies, and present financial solutions. Ultimately, my goal is
to equip students with the knowledge, technical skills, and strategic mindset needed
to excel in finance and accounting careers. By instilling confidence and a problem-
solving approach, I aim to prepare them for success in a dynamic and evolving
financial landscape.

Statement of Research My research in Accounting and Finance focuses on exploring financial decision-
making, corporate governance, and the role of financial markets in economic
development. I aim to contribute to both academic literature and industry practices
by addressing critical challenges in financial reporting, risk management, and
sustainable finance. A key area of my research is corporate financial performance
and governance, where I investigate how financial policies, transparency, and
regulatory frameworks impact firm value. I am particularly interested in the evolving
role of ESG (Environmental, Social, and Governance) factors in shaping corporate
financial decisions and investor behavior. Additionally, my work examines the
effectiveness of financial reporting standards and disclosures in enhancing market
efficiency and stakeholder trust. In the field of behavioral finance, I explore how
cognitive biases influence investment decisions and risk-taking behavior. My
research also extends to financial inclusion, analyzing how fintech innovations and
policy interventions can improve access to financial services, particularly in
emerging markets. Methodologically, I employ a mix of quantitative techniques,
econometric modeling, and empirical analysis using financial databases and
corporate disclosures. By integrating real-world financial data and case studies, I
strive to bridge the gap between theory and practice. Moving forward, my research
aims to provide insights that aid policymakers, investors, and financial institutions in
making data-driven, ethical, and sustainable financial decisions. I seek to collaborate
on interdisciplinary projects that contribute to the dynamic and evolving landscape
of finance and accounting research.

Knowledge of Languages

Language Speak Read Write

English Yes Yes Yes

Hindi Yes Yes Yes

Gujarati Yes Yes Yes

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Declaration

I, DR KEYURKUMAR NAYAK, hereby acknowledge that I have read and understood the terms and conditions of the
advertisement.
I, DR KEYURKUMAR NAYAK, hereby certify that the information provided, and the document attached in this form
is complete, true, and correct to the best of my knowledge.

Place Mumbai Date 2025-03-25

25-03-2025 13/13 IIM Mumbai