Faculty Details

Dr.Shailesh Gandhi

Faculty

BIO

Professor Shailesh Gandhi is currently a Professor of Practice at MDI Gurgaon, teaching in the PGDM and PGDM–Business Analytics programmes. He has an extensive career spanning academia, academic administration, and industry, with over two decades of experience in higher education and significant leadership exposure in the corporate sector.

He served on the faculty of the Indian Institute of Management Ahmedabad (IIMA) in the Finance & Accounting Area from April 2004 until his retirement in September 2021. Prior to joining IIMA, he taught at IRMA (2001–2004) and NICMAR, Mumbai (1984–1986). Before entering academia, he spent 15 years in industry, including eight years in consulting and seven years as General Manager in finance and accounting roles.

He holds a Fellow (PhD) from IIMA and a Bachelor’s degree in Chemical Engineering, where he graduated as a University Topper and Gold Medalist. At IIMA, he taught across flagship programmes including the PGP (MBA), PGPX (One-Year MBA), and the PhD programme, offering courses in Financial Reporting and Analysis, Strategic Cost Management, Management Control Systems, Corporate Finance, and Financial Statement Analysis.

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

Research & Publications

  • Gandhi, Shailesh, Bulsara, Hemantkumar, P., Dhingra, Vaishali, S., Changing Trend of Capital Flows: The Case of India.International Journal of Management Studies, Universiti Utara Malaysia, Malaysia, Volume 20, No.2, December 2013.
  • Gandhi, Shailesh, Bulsara, Hemantkumar, P., Dhingra, Vaishali, S., Retrospection of Capital Flows: With Emphasis on Foreign Institutional Investments and Stock Market Volatility, TIJ’s Research Journal of Economics & Business Studies, Singapore, 3(2), 2013.
  • Gandhi, Shailesh, Bulsara, H., & Patel, P., Conceptual study on efficient market hypothesis for the world markets: Finding opportunities for Indian Stock Markets, Management: Journal for theory and practice management, Faculty of Organizational Sciences, University of Belgrade, vol 18 (67), 25-36, 2013.
  • Gandhi, Shailesh, Bulsara, H., & Patel, P., The Global Perspective of Indian Financial Markets, Research Journal of Economics and Business Studies, The International Journal Research Publications, National Library, Singapore, Vol 2(9),2013.
  • Gandhi, Shailesh, Hemantkumar P. Bulsara & D. Porey, Grassroots Innovations to Techno-Entrepreneurship through GIAN – Technology Business Incubator in India: A Case Study of Nature Technocrats, International Journal of Innovation,Vol.1,No.1, August-December,2013.
  • Shailesh Gandhi, Hemantkumar P. Bulsara & Pooja Patel, Indian Financial Markets and Its Global Perspectives, published in the proceedings of the National Conference on “FINANCIAL STRATEGIES IN GLOBAL SCENARIO”, SIBACA DIMENSIONS 2012, March 2012
  • Shailesh Gandhi, Hemantkumar P. Bulsara & Vaishali Dhingra, Capital Flows and Reforms with special reference to India, published in the proceedings of the National Conference on “FINANCIAL STRATEGIES IN GLOBAL SCENARIO”, SIBACA DIMENSIONS 2012, March 2012
  • Bulsara, Hemantkumar P. Shailesh Gandhi and D. Porey, Commercialization of technology innovations and patents: Issues and challenges, Asia – Pacific Tech Monitor Journal,Asian and Pacific Centre for Transfer of Technology (APCTT) of the United NationsEconomic and Social Commission for Asia and the Pacific (UNESCAP), Nov-Dec 2010, Vol. 27, No.6
  • Bulsara, Hemantkumar; Gandhi, Shailesh; and Porey, P. D. “A Comparative Study of Enterprising Tendency with the help of Select Cases in India,” International Journal of Trade, Economics and Finance, Vol.1, No.4, December,2010
  • Bulsara, Hemantkumar; Gandhi, Shailesh; and Porey, P. D. “Mantis Technologies (Management Case),” VNSGU Journal of Management & Administration, VNSGU, India, Vol:1, Issue:2, July – December, 2009, pp 91-119
  • Gandhi, Shailesh “Performance Measurement in Non-profit Organisations,” INTER face, a journal published by Centre for Promoting Accountability, Noida, April-September 2009, pp 17-24
  • Bulsara, Hemantkumar; Gandhi, Shailesh; and Porey, P. D. “Techno-innovation to Techno – Entrepreneurship through Technology Business Incubation in India: An Exploratory Study,” Asia Pacific Journal of Innovations and Entrepreneurship, Asian Association of Business Incubation, Vol.3, No.1, May, 2009, pp 55 – 77
  • Bulsara, Hemantkumar; Gandhi, Shailesh; Pandurengan, Vaidehi; and Porey, P. D.”Women Entrepreneurship in India: A Case Study of Phoenix Soft Toys Creation”, published in a Biannual International Journal – PCTE Journal of Business Management, PCTE, India, Vol. Jan – June, 2009, pp 111-120
  • Gandhi, Shailesh. “Gaps in GAAP: Issues in Nonprofit Accounting and Reporting in India,” Accounting World, Special Issue, V:6, (July 2005), 65-78.

Awards & Professional Affiliations

Current

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

Past

  • Independent Director and Audit Committee Member, Gujarat Mineral Development Corporation (GMDC) – 10 years
  • Pro Chancellor, IILM University, Gurugram (October 2021 – November 2025)
  • Member, Cost Accounting Standards Board, Institute of Cost & Management Accountants of India (ICMA) (2008–09 to 2016–17)
  • Independent Director, Audit Committee and Procurement Committee, Paschim Gujarat Vij Company Ltd. (PGVCL)
  • Expert Member, Pension Reforms Committee and Financial Resources Committee, Government of Gujarat
  • Faculty Nominee, Board of Governors, IRMA (2 years)

Research & Publications

  • Gandhi, Shailesh, Bulsara, Hemantkumar, P., Dhingra, Vaishali, S., Changing Trend of Capital Flows: The Case of India.International Journal of Management Studies, Universiti Utara Malaysia, Malaysia, Volume 20, No.2, December 2013.
  • Gandhi, Shailesh, Bulsara, Hemantkumar, P., Dhingra, Vaishali, S., Retrospection of Capital Flows: With Emphasis on Foreign Institutional Investments and Stock Market Volatility, TIJ’s Research Journal of Economics & Business Studies, Singapore, 3(2), 2013.
  • Gandhi, Shailesh, Bulsara, H., & Patel, P., Conceptual study on efficient market hypothesis for the world markets: Finding opportunities for Indian Stock Markets, Management: Journal for theory and practice management, Faculty of Organizational Sciences, University of Belgrade, vol 18 (67), 25-36, 2013.
  • Gandhi, Shailesh, Bulsara, H., & Patel, P., The Global Perspective of Indian Financial Markets, Research Journal of Economics and Business Studies, The International Journal Research Publications, National Library, Singapore, Vol 2(9),2013.
  • Gandhi, Shailesh, Hemantkumar P. Bulsara & D. Porey, Grassroots Innovations to Techno-Entrepreneurship through GIAN – Technology Business Incubator in India: A Case Study of Nature Technocrats, International Journal of Innovation,Vol.1,No.1, August-December,2013.
  • Shailesh Gandhi, Hemantkumar P. Bulsara & Pooja Patel, Indian Financial Markets and Its Global Perspectives, published in the proceedings of the National Conference on “FINANCIAL STRATEGIES IN GLOBAL SCENARIO”, SIBACA DIMENSIONS 2012, March 2012
  • Shailesh Gandhi, Hemantkumar P. Bulsara & Vaishali Dhingra, Capital Flows and Reforms with special reference to India, published in the proceedings of the National Conference on “FINANCIAL STRATEGIES IN GLOBAL SCENARIO”, SIBACA DIMENSIONS 2012, March 2012
  • Bulsara, Hemantkumar P. Shailesh Gandhi and D. Porey, Commercialization of technology innovations and patents: Issues and challenges, Asia – Pacific Tech Monitor Journal,Asian and Pacific Centre for Transfer of Technology (APCTT) of the United NationsEconomic and Social Commission for Asia and the Pacific (UNESCAP), Nov-Dec 2010, Vol. 27, No.6
  • Bulsara, Hemantkumar; Gandhi, Shailesh; and Porey, P. D. “A Comparative Study of Enterprising Tendency with the help of Select Cases in India,” International Journal of Trade, Economics and Finance, Vol.1, No.4, December,2010
  • Bulsara, Hemantkumar; Gandhi, Shailesh; and Porey, P. D. “Mantis Technologies (Management Case),” VNSGU Journal of Management & Administration, VNSGU, India, Vol:1, Issue:2, July – December, 2009, pp 91-119
  • Gandhi, Shailesh “Performance Measurement in Non-profit Organisations,” INTER face, a journal published by Centre for Promoting Accountability, Noida, April-September 2009, pp 17-24
  • Bulsara, Hemantkumar; Gandhi, Shailesh; and Porey, P. D. “Techno-innovation to Techno – Entrepreneurship through Technology Business Incubation in India: An Exploratory Study,” Asia Pacific Journal of Innovations and Entrepreneurship, Asian Association of Business Incubation, Vol.3, No.1, May, 2009, pp 55 – 77
  • Bulsara, Hemantkumar; Gandhi, Shailesh; Pandurengan, Vaidehi; and Porey, P. D.”Women Entrepreneurship in India: A Case Study of Phoenix Soft Toys Creation”, published in a Biannual International Journal – PCTE Journal of Business Management, PCTE, India, Vol. Jan – June, 2009, pp 111-120
  • Gandhi, Shailesh. “Gaps in GAAP: Issues in Nonprofit Accounting and Reporting in India,” Accounting World, Special Issue, V:6, (July 2005), 65-78.

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