Full-time faculty

Prof. Sunder Ram Korivi, Dean (School for Securities Education)

Prof. Korivi is an MA (Economics & Political Science) and PhD (Business Policy & Administration) from the University of Mumbai. He is a Fellow of the Institute of Chartered Accountants of India, Associate of the Institute of Cost & Works Accountants of India and an Associate of the Insurance Institute of India. A full-time faculty member at SP Jain Institute of Management, he later became a Professor at NMIMS University, where he also served as the Head of Departments of Finance and Economics and as the Dean of the School of Business Management. He has also served on various Boards of the University, viz., Board of Management, Advisory Board, Planning & Monitoring Board and as the Convener of the Academic Council. His interests are in the fields of Financial Reporting, Financial Institutions & Markets and Fixed Income Securities. He has conducted policy-oriented research for the Central and State Governments. An adjunct faculty at IIM Kozhikode, he has also lectured at NIBM, NIA, NITIE and other institutes of national importance. In addition to authoring papers in national journals and international conferences, he has guided and refereed PhD. studies.


Dr. S. Rachappa, Associate Professor

Dr. Rachappa, is an M.Com (Accounting, University Rank-holder) and PhD (Life Insurance) from Osmania University.  He is the member of the American Accounting Association (AAA) and the Indian Accounting Assocation. He has conducted  training programmes for the officers of the Securities Exchange Board of Exchange (SEBI). Prior to joining NISM, was an Associate Professor at Narsee Monjee Institute of Management Studies (Deemed University), Mumbai, and prior to that, a full-time faculty member at Osmania University College of Commerce and Business Management. He was a visiting faculty at National Institute of Industrial Engineering (NITIE) and the School of Business Management at Jawaharlal Nehru Technical University (JNTU). He has consistently obtained high ratings from past students of MBA and CFA Institute (USA). He was the recipient of Indian Accounting Association’s Young Researcher Award for the year 2008-09 and also ICFAI’s Daily Telegraph Best Research Paper Award in 2008. He specializes in Financial Reporting, Analysis and Forensic Finance. He also has interests in the life insurance sector. He has presented more than 20 research papers in national and international conferences and has 5 research publications in his name. He has conducted peer reviews of two research articles for Vikalpa, the Journal published by IIM  Ahmedabad. 


Dr. K Kiran Kumar, Assistant Professor

Dr. Kiran Kumar holds a PhD in Finance from the Indian Institute of Science, Bangalore and an MA in Economics from Hyderabad Central University. His research focuses on Market Microstructure, Derivatives, and Applied Financial Econometrics. He has received five Best Paper awards in national and international conferences and has published ten research papers. He has delivered lectures at several research workshops including SAS Workshop for Researchers at Indian School of Business, Structural VAR Models at RBI Staff College, and Econometrics Workshop of Indian Econometric Society. Earlier, Dr. Kiran Kumar was with the Centre for Analytical Finance, Indian School of Business as Senior Researcher and Researcher at ICICI Research Centre, Chennai. At NISM, in addition to his teaching and research responsibilities, Dr. Kiran Kumar is also the Programme Director of the nine-month “Certificate in Financial Engineering and Risk Management” programme and is also associated with the School for Securities Information and Research in building the Network for Securities Market Data.


Dr. Poonam Singh, Assistant Professor

Dr. Poonam Singh holds a PhD in Economics from the Indira Gandhi Institute of Development Research (IGIDR), Mumbai. She has been a PhD scholar at University of Hamburg under the European Union’s Asia link Scholarship Programme (December 2006 - July 2008). She is a Gold medallist in Economics (MSc) with specialization in Econometrics and Industrial Organization. She has been awarded National scholarship at different levels of her academic career. Her teaching interests include Economics for Securities Markets, Mergers & Acquisitions, Econometrics and Regulation in Securities Markets. She has been a guest faculty at IICM, NIBM and Azim Premji University. She also teaches in Management Development Programmes and SEBI programmes. Her research interests include Applied Econometrics, Corporate Finance, Institutional Economics and Applied Game Theory. She has published papers in international journals and has presented her research work in several international conferences and workshops. She is a reviewer for International Journals. She has been involved in policy-oriented research and consultancy projects for Ministry of Finance, Securities Exchange Board of India and IGIDR Finance Group. She has served as a committee member for sponsored projects of Ministry of Finance. 


Mr. Suneel Sarswat, Lecturer

Mr. Suneel Sarswat is an MSc in Statistics and Informatics from the Department of Mathematics, IIT Bombay. Before joining NISM, he worked on Financial Analytics at Bank of America (now BoFA Merrill Lynch). He has keen interest in Mathematics, Computational Finance and Financial Computing. He is engaged in vital projects such as the application of neural networks in financial analysis, credit ratings and trading algorithms involving pattern recognition. He has participated national and international workshops and conferences. Currently he is heading the research project to detecting colluding group in market based on trade log.


Mr. Akhlaque Ahmed, Lecturer

Mr. Akhlaque Ahmed is an MSc (Applied Mathematics) from Aligarh Muslim University and an MPhil (Cryptography) from the, University of Mumbai. He has been research fellow for the Ministry of Science and Technology, Govt. of India, New Delhi. Moreover, He has done Post Graduate Diploma in Financial Engineering. Currently, he is pursuing his doctoral degree in Financial Derivatives from Department of Economics (Autonomous), University of Mumbai, and Mumbai. Prior to Joining NISM, he was associated with the undergraduate programme of the London School of Economics & Political Sciences conducted at Mumbai. He has published three journal papers in the area of financial economics. His areas of interest include Financial Mathematics, Financial Cryptography, Quantitative Finance and Derivative Pricing. He is visiting faculty at various B-Schools of University of Mumbai and Symbiosis International University, Pune. He has industrial experience as a consultant with PRAXIS Technologies, Mumbai. He teaches Mathematical Finance, Financial Engineering and related subjects. He extensively uses R-Language, Matlab, Stata and statistical and mathematical software.


Ms. Kavitha Ranganathan, Academic Associate

Ms. Kavitha Ranganathan is an MPhil and a Post Graduate in Commerce (Mumbai University). She is currently pursuing a PhD in Behavioural Finance. Prior to joining NISM, she worked as a Research Associate at IIM Bangalore. At NISM, she is primarily associated with the School for Securities Education (SSE), School for Regulatory Studies & Supervision (SRSS) and research projects at NISM. Her research interests are in Behavioural Finance, Experimental Economics and Decision Making Approaches. She is also involved in policy-oriented research projects for Ministry of Finance, Securities and Exchange Board of India (SEBI) and IGIDR Finance Group. She has presented her research work at international and national conferences and won the best paper award at the IISc COSMAR Conference.


Ms. Shobana Balasubramaniam, Academic Associate

Ms. Shobana Balasubramaniam is an M.Sc in Economics from Indira Gandhi Institute of Development and Research (IGIDR) and Economics-Statistics graduate from Mumbai University. She is associated with School for Securities Education (SSE), School for Regulatory Studies and Supervision (SRSS) and School for Securities Information and Research (SSIR). She has also been involved in research projects for Ministry of Finance and Securities and Exchange Board of India (SEBI). She has been invited by St. Xavier’s College, Mumbai to conduct sessions in Time Series Analysis. Her research interests include International Economics, Applied Econometrics and Policy Research.


Dr Rachana Baid, Adjunct Associate Professor

Dr. Rachana Baid is an M.Com (Gold medalist) and PhD. She specializes in Financial Systems and Regulatory Policy. She has undertaken consulting assignments with multilateral agencies such as the World Bank and has been a visiting faculty at IIM Indore and SP Jain Institute of Management. She has also served as an Assistant Professor at the UTI Institute of Capital Markets, Mumbai for about a decade.



Visiting Faculty

Dr. Surendra Sundararajan

Dr. Surendra Sundararajan, a Professor at MS Baroda University, is an MA (Economics), LLB, MBA (Wisconsin), and a PhD. He is an expert in Securities Markets and Risk Management & Derivatives. He is also a visiting faculty at SP Jain Institute of Management and Great Lakes Institute of Management.


Mr. B Venkatesh

Mr. Venkatesh is a CFA (USA) and FRM (GARP), in addition to being a Chartered Accountant and a Cost & Management Accountant.   He is an expert in Securities Analysis, Portfolio Management and Behavioural Finance. A former Editor (Financial Markets) at Business Line (a Hindu Group) publications, he is the Founder Director of Navera Consulting, a firm that specializes in portfolio performance evaluation. Previously, he has been a visiting faculty at IIM Bangalore and Great Lakes Institute of Management.


Dr. M Venkateshwarlu

Dr. Venkateshwarlu, MCom and PhD, is an Associate Professor at National Institute of Industrial Engineering (NITIE). He has also pioneered the development of the CRISIL Certified Analyst Programme. His areas of interest are Financial Economics, Valuation and Risk Management. He has several research articles at refereed international and national journals, besides conference papers. 


Dr. Kavitha Laghate

Dr. Kavitha Laghate, MSc (Statistics) and PhD, is an Associate Professor at Jamnalal Bajaj Institute of Management Studies, Mumbai. Her areas of interest are Statistics and Quantitative Finance.


Mr. B. Renganathan

Mr. Renganathan is a Cost Accountant and Fellow of the Institute of Company Secretaries of India. He is a Senior Vice President – Compliance and Legal, at Edelweiss. His areas of specialisation are Corporate Laws, Securities Markets Regulation and Mergers & Acquisitions.


Mr. Ramesh B. Thimmaraya

Ramesh Babu Thimmaraya is an ME from IIT Madras, MBA from NITIE, Bombay and has attained the FRM Certification from GARP. He has worked at CENDAC Labs, USA and at GE, Bangalore. He has written 18 research papers in many peer reviewed international journals in the areas of Applied Mathematics, Quantitative Finance and Economics.  Two of his research papers on mathematical statistics are in reputed international journals; one of the papers is among the top-25 cited articles in the world in the area of Time Series Analysis and Dynamics.