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Prof. (Dr.) Abhay Kumar

Associate Professor & Area Chair- Finance, Technology Management
Ph.D (Finance), MA, MBA, CFA (India)



  • Financial Risk Management, Financial Markets and corporate Finance

Academic Experience: 16 years

  • Working as an Associate Professor (Finance) in MPSTME (NMIMS Deemed to be University, Mumbai) since June 01, 2011. Previously worked as a Finance Faculty with ICFAI National College, Nashik from April 2006 to April 2010.

Non Academic Experience: 16 years

  • Served Indian Air Force as a combatant member in Accounts Branch as a Senior Non Commissioned Officer for 17 years (from Sep 1989 to Apr 2006) and dealt with Non Public Fund Accounting, Budgeting, Internal Auditing and Costing.

Number of PhD Students Guided:

  • Number of PhD Students Guided: 1
  • Number of Post-Graduate Students Guided (MBA): 80


  • Summer School for Empirical research from IIM, Calcutta
  • Faculty Development Programme from IIM Indore
  • Financial Modeling Certification from NSE & Edupristine
  • Financial Risk Modelling Certification from CRISIL
  • Foreign Exchange and Derivatives Certification Programme from CRISIL
  • Technical Analysis Certification from IIFL
  • Data science and big data analytics Certification from MPSTME, NMIMS University
  • Faculty development training from ICFAI Hyderabad

Service Activities

  • Reviewer of research papers for Journal of Industrial and Business Economics ISSN:1972-4977, Springer publication.
  • BOS member of Kalinga University, Raipur
  • Invited as a chairperson in EuroMed Conference (2020) at K. J. Somaiya Institute of Management Studies and Research (SIMSR), Mumbai
  • Invited as a chairperson in VESIFCO 22 Conference (2022) at Vivekanand Education Society Institute of Management Studies and Research, Mumbai
  • Invited as a member of academic audit committee at Vivekanand Education Society Institute of Management Studies and Research, Mumbai
  • Invited as a resource person for conducting "case writing workshop” at Ashoka Business School, Nashik

Community/Social Services:

  • Founder member of BBSS and participate actively in Career counselling
  • Member of MVP and a member of career counselling committee


  • INC Alumni Association Best Faculty award for 2008 and 2009
  • Award by Air Officer Commanding, 11 BRD, Indian Air Force
  • Best Research Paper Award for the paper "An Empirical Analysis of Co-integration of Indian stock market with the markets of developed European countries” in Big data Analytics & Smart cities International Conference 16 hosted by Vivekananda Education Society & BSE, Mumbai”.

Journal Publications

  • Kumar A & Soni R (2020). Testing Market Efficiency of Select Indian Pharmaceutical Stocks. International Journal of Economics and Financial Issues 2020, 10(3), 208-216 PP 208- 216(ABDC Category "C” Journal)
  • Kumar A & Rastogi R (2020). Potential of Blockchain Technology in the financial services sector. NMIMS Engineering Review vol II, Issue 1 PP 63-75
  • Kumar A (2019). IPO Grey Market and Its Impact on price discovery. Indian Journal of Economics and Business 0972-5784, Special Issue Feb 2019 (ABDC Category "C” Journal) PP 67-77
  • Kumar A. Akhani V. Dixit A. Khetan A. Mishra P & Negi R (2021). An Empirical Analysis of Factors influencing listing return of IPOs. IEEE xplore digital library. 978-1-6654-2237-6
  • Kumar A. Parihar M. Bansal S. Chavan S. Kotavia S & Shankar S (2021). Computing Causality Between Macro-economic Indicators and Indian Financial Markets. Springer, Cham. 978-3-030-93463-7
  • Kumar A. Parihar M. Devaria A. Khanna A. Khande S & Shankar S (2021). Does Interest Rate Parity Hold Good for INR-USD Exchange Rate? Analysing via Computational Technique. Springer, Cham. 978-3-030-93463-7
  • Kumar A & Choudhary T (2021). The Immediate Impact of Covid 19 on Indian Economy. Shodh Sarita, Vol-8, Issue 29, 2021. 2348-2397
  • Parihar M & Kumar A (2019). An Economic Analysis of Mass Rapid Transit System (MRTS) in India with Special Reference to Jaipur Metro Rail in Rajasthan. IEEE Xplore digital library. document/ 9051472

Case Studies Published

  • Kumar A & Rastogi S (2018) The Unresolved battle of SEBI Vs Sahara. ET Case reference-BFS-2-0019, BFS-2-0019A
  • Kumar A. Saradha Chit Fund (2017) A case that shook the bottom of the Pyramid. ET Cases. ISBN:0978-81-931001-5-8
  • Banga C. Kumar A & Deodhar S (2022). Jet Airways: Flying into the ground. Case Centre, IIMA. IIMA/STR0466TN
  • Kumar A. Kamat A. Damani S (2018) Cryptocurrency: Arevolution or bubble? The Case center Case - Reference no. 218-0080-1
  • Kumar A (2017) NSEL: A Case of fraud in Indian Financial Market. Case Reference 116-0025-1, ET case ID: FIN-2-0027, FIN-2-0027A
  • Kumar A. Agarwal A. Gupta B. Shah G. Vinayak N. (2017) Bitcoin: A Crypto Currency or an Asset Class. ET Case ID: ME-1-0027, ME-1-0027A
  • Kumar A. Dua v. Sharma P. Jain S (2017) Cashless Economy for Developed Countries: A Boon or Bane? ET CASE ID: ME-1-0026, ME-1-0026A

Conference Publication:

  • Tripathi NN, Tiwari A, Kumar A (2022). Does Crude Oil Price Volatility Affect Risk-Taking Capability in Business Group Firms: Evidence from India? ICSG 2022), IIM Bodh Gaya, India
  • Parihar M & Kumar A (2020). An Economic Analysis of Mass Rapid Transit System (MRTS) in India with Special Reference to Jaipur Metro rail in Rajsthan. ICCAM (IEEE) , Amity, Dubai.
  • Kumar A & Credit Risk Measurement of Select Indian Capital Goods Companies. ICBF 2022 IBS Hyderabad
  • Kumar A. Thakur A & Malhotra K (2022) Survivability of Theatres after Covid 19 Pandemic. ISDSI 2021 IIM Nagpur
  •  Kumar A (2017). Saradha Chit Fund; A case that shook the bottom of the Pyramid. Global Summit on Management Cases 2016, IIM Raipur
  • Kumar A (2017). Inducement and Immediate after effects of Demonetization on Indian Economy. International Case Study Conference, IBS Hyderabad
  • Kumar A (2016). NSEL: A Case of fraud in Indian Financial Market. Global Summit on Management Cases 2016. IIM Raipur

Academic Profiles:

  • Google Scholar: Abhay Kumar (NMIMS University)
  • ORCID:0000-0001-5295-8470
  • Linked In: Abhay Kumar(NMIMS University)

Official Email Id:

Office Phone No.022 4233 4858


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