Dr. Shailesh Gandhi

Faculty Details

Dr. Shailesh Gandhi

PhD, IIM Ahmedabad

BIO

Dr. Shailesh Gandhi is currently a Professor of Practice at Management Development Institute (MDI), Gurgaon, where he teaches in the PGDM and PGDM–Business Analytics programmes. He has an accomplished career spanning academia, academic administration, and industry, with over two decades of experience in higher education and extensive leadership experience in the corporate sector.

Dr. Gandhi served as a faculty member in the Finance and Accounting Area at the Indian Institute of Management Ahmedabad (IIMA) from April 2004 until his retirement in September 2021. Prior to joining IIMA, he taught at the Institute of Rural Management Anand (IRMA) from 2001 to 2004 and the National Institute of Construction Management and Research (NICMAR), Mumbai, from 1984 to 1986. Before entering academia, he spent 15 years in industry, including eight years in management consulting and seven years in senior finance and accounting leadership roles as General Manager.

He holds a PhD in Finance & Accounts from IIMA and a Bachelor’s degree in Chemical Engineering, graduating as the University Topper and Gold Medallist. During his tenure at IIMA, he taught across the Institute’s flagship programmes, including the Post Graduate Programme (PGP), the Post Graduate Programme in Management for Executives (PGPX), and the Doctoral Programme. His teaching portfolio included Financial Reporting and Analysis, Strategic Cost Management, Management Control Systems, Corporate Finance, and Financial Statement Analysis.

In addition to his teaching and research responsibilities, Dr. Gandhi held several senior academic leadership positions at IIMA. He served as Dean (Programmes) from 2016 to 2020, leading key institutional initiatives including EQUIS accreditation, the implementation of SAP S/4HANA ERP, oversight of national and international rankings, mentorship of IIM Nagpur, and the establishment of IIMA’s Dubai campus, where he also served as Director. Earlier, he served as Chairperson of both the PGP and PGPX programmes and was a member of several academic and administrative committees.

Research & Publications

Gandhi, S., Bulsara, H. P., & Dhingra, V. S. (2013). Changing Trend of Capital Flows: The Case of India. International Journal of Management Studies, Universiti Utara Malaysia, 20(2).
Gandhi, S., Bulsara, H. P., & Dhingra, V. S. (2013). Retrospection of Capital Flows: With Emphasis on Foreign Institutional Investments and Stock Market Volatility. TIJ’s Research Journal of Economics & Business Studies, 3(2).
Gandhi, S., Bulsara, H., & Patel, P. (2013). Conceptual Study on the Efficient Market Hypothesis for World Markets: Finding Opportunities for Indian Stock Markets. Management: Journal for Theory and Practice Management, 18(67), 25–36.
Gandhi, S., Bulsara, H., & Patel, P. (2013). The Global Perspective of Indian Financial Markets. Research Journal of Economics and Business Studies, 2(9).
Gandhi, S., Bulsara, H. P., & Porey, D. (2013). Grassroots Innovations to Techno-Entrepreneurship through GIAN – Technology Business Incubator in India: A Case Study of Nature Technocrats. International Journal of Innovation, 1(1).
Gandhi, S., Bulsara, H. P., & Patel, P. (2012). Indian Financial Markets and Their Global Perspectives. In the proceedings of the National Conference on Financial Strategies in Global Scenario (SIBACA Dimensions 2012).
Gandhi, S., Bulsara, H. P., & Dhingra, V. (2012). Capital Flows and Reforms with Special Reference to India. In the proceedings of the National Conference on Financial Strategies in Global Scenario (SIBACA Dimensions 2012).
Bulsara, H. P., Gandhi, S., & Porey, D. (2010). Commercialisation of Technology Innovations and Patents: Issues and Challenges. Asia-Pacific Tech Monitor, 27(6).
Bulsara, H. P., Gandhi, S., & Porey, P. D. (2010). A Comparative Study of Enterprising Tendency Using Selected Cases in India. International Journal of Trade, Economics and Finance, 1(4).
Bulsara, H. P., Gandhi, S., & Porey, P. D. (2009). Mantis Technologies (Management Case). VNSGU Journal of Management & Administration, 1(2), 91–119.
Gandhi, S. (2009). Performance Measurement in Non-profit Organisations. INTERface, Centre for Promoting Accountability, Noida, 17–24.
Bulsara, H. P., Gandhi, S., & Porey, P. D. (2009). Techno-Innovation to Techno-Entrepreneurship through Technology Business Incubation in India: An Exploratory Study. Asia Pacific Journal of Innovations and Entrepreneurship, 3(1), 55–77.
Bulsara, H. P., Gandhi, S., Pandurengan, V., & Porey, P. D. (2009). Women Entrepreneurship in India: A Case Study of Phoenix Soft Toys Creation. PCTE Journal of Business Management, January–June, 111–120.
Gandhi, S. (2005). Gaps in GAAP: Issues in Non-profit Accounting and Reporting in India. Accounting World, 6 (Special Issue), 65–78.

Awards & Professional Affiliations

Current

Member of the Board, IIM Nagpur.
Chairperson, Finance and Audit Committee, IIM Nagpur (since March 2019).

Independent Director and Member of the Audit Committee, Gujarat Mineral Development Corporation (GMDC), for 10 years.
Pro Chancellor, IILM University, Gurugram (October 2021 – November 2025).
Member, Cost Accounting Standards Board, Institute of Cost Accountants of India (ICMAI) (2008–09 to 2016–17).
Independent Director and Member of the Audit and Procurement Committees, Paschim Gujarat Vij Company Limited (PGVCL).
Expert Member, Pension Reforms Committee and Financial Resources Committee, Government of Gujarat.
Faculty Nominee, Board of Governors, Institute of Rural Management Anand (IRMA).

Research & Publications

Gandhi, S., Bulsara, H. P., & Dhingra, V. S. (2013). Changing Trend of Capital Flows: The Case of India. International Journal of Management Studies, Universiti Utara Malaysia, 20(2).
Gandhi, S., Bulsara, H. P., & Dhingra, V. S. (2013). Retrospection of Capital Flows: With Emphasis on Foreign Institutional Investments and Stock Market Volatility. TIJ’s Research Journal of Economics & Business Studies, 3(2).
Gandhi, S., Bulsara, H., & Patel, P. (2013). Conceptual Study on the Efficient Market Hypothesis for World Markets: Finding Opportunities for Indian Stock Markets. Management: Journal for Theory and Practice Management, 18(67), 25–36.
Gandhi, S., Bulsara, H., & Patel, P. (2013). The Global Perspective of Indian Financial Markets. Research Journal of Economics and Business Studies, 2(9).
Gandhi, S., Bulsara, H. P., & Porey, D. (2013). Grassroots Innovations to Techno-Entrepreneurship through GIAN – Technology Business Incubator in India: A Case Study of Nature Technocrats. International Journal of Innovation, 1(1).
Gandhi, S., Bulsara, H. P., & Patel, P. (2012). Indian Financial Markets and Their Global Perspectives. In the proceedings of the National Conference on Financial Strategies in Global Scenario (SIBACA Dimensions 2012).
Gandhi, S., Bulsara, H. P., & Dhingra, V. (2012). Capital Flows and Reforms with Special Reference to India. In the proceedings of the National Conference on Financial Strategies in Global Scenario (SIBACA Dimensions 2012).
Bulsara, H. P., Gandhi, S., & Porey, D. (2010). Commercialisation of Technology Innovations and Patents: Issues and Challenges. Asia-Pacific Tech Monitor, 27(6).
Bulsara, H. P., Gandhi, S., & Porey, P. D. (2010). A Comparative Study of Enterprising Tendency Using Selected Cases in India. International Journal of Trade, Economics and Finance, 1(4).
Bulsara, H. P., Gandhi, S., & Porey, P. D. (2009). Mantis Technologies (Management Case). VNSGU Journal of Management & Administration, 1(2), 91–119.
Gandhi, S. (2009). Performance Measurement in Non-profit Organisations. INTERface, Centre for Promoting Accountability, Noida, 17–24.
Bulsara, H. P., Gandhi, S., & Porey, P. D. (2009). Techno-Innovation to Techno-Entrepreneurship through Technology Business Incubation in India: An Exploratory Study. Asia Pacific Journal of Innovations and Entrepreneurship, 3(1), 55–77.
Bulsara, H. P., Gandhi, S., Pandurengan, V., & Porey, P. D. (2009). Women Entrepreneurship in India: A Case Study of Phoenix Soft Toys Creation. PCTE Journal of Business Management, January–June, 111–120.
Gandhi, S. (2005). Gaps in GAAP: Issues in Non-profit Accounting and Reporting in India. Accounting World, 6 (Special Issue), 65–78.

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