Shailesh J. Mehta School of Management
Indian Institute of Technology, Bombay
Shailesh J. Mehta, School of Management
IIT Bombay
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Prof. Varadraj Bapat

C.A., Cost Accountant, Ph.D. (Finance) (IITB)

Faculty in Accouting and Finance

Ph: +91-22-25767787/ 9892413119

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Teaching Interest

Teaching Interests

Financial Accounting, Management Accounting, Indian Economic and Business Model, Yoga

Research Interests

Financial Accounting, Financial Inclusion, Bankruptcy Prediction, Corporate Governance, Portfolio Management, Spirituality, Indian Economic Model

Education
  • Ph.D. in Management (Finance), Shailesh J. Mehta School of Management, IIT Bombay
  • Post-Qualification Diploma in Information Systems Audit, Institute of Chartered Accountants of India, New Delhi
  • Chartered Accountant, Institute of Chartered Accountants of India, New Delhi
  • Cost Accountant, Institute of Cost Accountants of India, Calcutta
  • Master of Commerce, University of Pune, Pune

Awards and Honours

  • Secured 22nd All India Rank in C.A. final examination in May 1995.
  • Secured 47th All India Rank in C.A. intermediate examination in November 1993.
  • Nominee of President of India for Selection of Professors

  • Member of Board of Governors for National Institute of Technology, Manipur.

  Teaching Experience

Faculty in Accounting and Finance, July 2008 to date

Indian Institute of Technology, MumbaiFaculty in Accounting and Finance , June 2007 to June 2008

National Institute of Industrial Engineering (NITIE), Mumbai

Vice-principal/ Lecturer , Aug 1996 to May 2007

S. K. Somaiya College of Arts, Science & Commerce, Vidyavihar, Mumbai

MOOCs

Management Accounting Course (Financial + Cost Accounting) (40 hours)

https://www.youtube.com/playlist?list=PLbMVogVj5nJT-3_cO6KRCY6cwCYoZzOnl

http://freevideolectures.com/Course/3404/Managerial-Accounting/32

 Research Projects

 “Financial Inclusion - Status and its Impact on Human Development: A Special Focus on North East India” (Sponsored Project)

“The Issue of Migration in North East India” (Sponsored Project)

“Study of Ethical Funds”

 Publications

Textbooks

 

Financial Accounting-A Managerial Perspective, Tata McGrawHills Publishing, Delhi. (ISBN 978-12-59004889)

Management Control Systems, Managerial Accounting, YCMOU, Nasik,

Managerial Accounting, YCMOU, Nasik,

Securities Analysis and Portfolio Management, YCMOU, Nasik,

Direct and Indirect Taxation, YCMOU, Nasik,

Investment Analysis & Portfolio Management, Sheth Publishers, Mumbai
Research papers published
  • Nagale, A. and Bapat, V. (2017), “Prediction of Industrial Sickness in India” The Empirical Economic Letters, Vol. 16 No. 1, pp. 497-502 (Ranked ‘C’ by Australian Business Deans Council)
  • Mosumi Prasad, Bapat V., et al. (2017), “Environmental claims in Indian print advertising: an empirical study and policy recommendation”, Social Responsibility Journal
  •  Bhanot, D., Bapat, V. (2016), "Multiplier Effect of Self Help Groups", Economic and Political Weekly, Vol. 51 Issue No. 33, Aug, (Rated as “B” as per Australian Business Dean Council (ABDC))
  • Raithatha Mehul and Bapat Varadraj (2015), " Impact of Corporate Governance on Financial Disclosures: Evidence from India”, Corporate Ownership and Control. (Rated as “B” as per Australian Business Dean Council (ABDC))
  • Nagale, A. and Bapat, V. (2015), “Corporate Bankruptcy Prediction Using Neural Network” The Chartered Accountant Journal, Vol. 64 No. 5, pp. 741-745
  • Nagale, A. and Bapat, V. (2015), “Post IPO performance of Indian Companies”, Journal of Development Research, Vol. 8 No. 2 pp. 29-32
  • Raithatha Mehul and Bapat Varadraj (2014), " Ranking of Mutual Fund Performance: Comparison of Various Measures”, The Journal, Academy of Taiwan Business Management Review. (Rated as “B” as per Australian Business Dean Council (ABDC)).
  • Raithatha Mehul and Bapat Varadraj (2014), " Accounting Standards Compliance: Comparison between Manufacturing and Service Companies”, International Journal of Economics and Finance, Vol 6, No. 9, 158-164. (Rated as “C” as per Australian Business Dean Council (ABDC)).
  • (http://www.ccsenet.org/journal/index.php/ijef/article/view/39754)
  • Nagale, A. and Bapat, V.  (2014), Bankruptcy Prediction of Indian Listed Companies Using Discriminant Analysis, Logistic Regression and Neural Network. Academy of Taiwan Business Management Review (Ranked “B” by Australian Business Deans Council) 
  • Nagale, A. and Bapat, V.  (2014), “Comparison of Bankruptcy Prediction Models: Evidence from India”,  Accounting and Finance Research, Vol. 3 No. 4, pp. 91-98 (Ranked “C” by Australian Business Deans Council) (http://www.sciedu.ca/journal/index.php/afr/article/view/5743/3400)
  • Nagale, A. and Bapat, V.  (2014), An Empirical Analysis of Altman’s and Ohlson’s Model. The Empirical Economic Letters (Ranked “C” by Australian Business Deans Council)
  • Nagale, A. and Bapat, V.  (2013), Comparison of Financial Statements prepared as per International Financial Reporting Standards and Indian GAAP, The Chartered Accountant Journal, 61(9), 1406-1411.
  • Raithatha Mehul and Bapat Varadraj (2013), "A Panel Data Analysis of Corporate Attributes and Stock Prices for Indian Manufacturing Sector”, Journal of Modern Accounting and Auditing. (ISSN: 15486583). (Rated as “C” as per Australian Business Dean Council (ABDC)) (http://www.davidpublishing.com/journals_info.asp?jId=1781)
  • Raithatha Mehul and Bapat Varadraj (2013), " Corporate Disclosures in Financial Statements and its Determinants: An Empirical Study”, The journal, Academy of Taiwan Business Management Review,Vol 9,No 2, Aug 2013. (ISSN is 1813-0534). (Rated as “B” as per Australian Business Dean Council (ABDC))
  • Bhanot, D., Bapat, V. (2013), Sustainability Index of Microfinance Institutions (MFIs) and Contributory Factors, International Journal of Social Economics (Accepted on March 22nd,2014) (Rated as “B” as per Australian Business Dean Council (ABDC))
  • Raithatha Mehul and Bapat Varadraj (2012), "Corporate Governance Compliance Practices of Indian Companies", Research Journal of Finance and Accounting, Vol 3, No 8, 2012. (ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online)) (IC Impact factor 6.26)
  • Bapat Varadraj and Raithatha Mehul (2012), "Off Balance Sheet Disclosures: A Comparison between Indian and US Companies", Indian Journal of Finance, May. (ISSN 0973-8711) (IC Impact factor 5.09)
  • Disha Bhanot, Varadraj Bapat, Sasadhar Bera, (2012) "Studying financial inclusion in north-east India", International Journal of Bank Marketing, Vol. 30 Iss: 6, pp.465 - 484 (ISSN: 0265-2323). (Rated as “B” as per Australian Business Dean Council (ABDC))
  • Bapat Varadraj and Raithatha Mehul (2010), "An Empirical Study of Disclosure Practices in Listed Non-Financial Indian Companies", Prabandhan- Indian Journal of Management, June. (ISSN 0975-2854) (IC Impact factor 5.09)
  • Bapat Varadraj and Raithatha Mehul (2010), “Corporate Transparency through Implementation of Indian Accounting Standards”, International Journal of Management Prudence, March.( ISSN: 0975-6671)
  • Bapat Varadraj and Raithatha Mehul (2010), "Corporate Governance Models and Practices: An International Cross Cultural Comparison," IMS  Management  Journal, January (ISSN- 0975-0800).

 Doctoral research guidance

S

Name

Completed/ongoing

Thesis topic

1

Mehul Raithatha

Completed

Financial Reporting by Indian Companies: Disclosures required by Accounting Standards

1

 

Currently

Associate Professor, IIM Indore

3

Abhay Nagale

Completed

A Cross Model Study of Bankruptcy

3

 

Currently

Associate Professor, National Institute of Securities Market (by SEBI)

2

Disha Bhanot

Completed

Financial Inclusion in India: A Study on Sustainability of Self Help Group (SHG) Bank Linkage Programme

2

 

Currently

Post-Doctoral Research Fellow at IIT Bombay

4

Mousami Prasad

Ongoing

Assessment of Corporate Environmental Sustainability in Indian Context

5

Sundar Sankaran

Ongoing

Indian Mutual Funds: Unravelling the Under-achievement

6

Ajinkya Navare

Ongoing

Ethics and Management – KarmaYoga Model

6

Bhaskar Chhimwal

Ongoing

Financial Markets

6

Nidhi Batta

Ongoing

Corporate Governance

6

Juili Ballal

Ongoing

Family Business Management

 Masters’ research guidance

Thesis topic

Developing Credit Rating Model

Feasibility of Social Capitalistic Models on Indian Infrastructure Projects

Disclosures by Banking Companies

India Equity Mutual Fund: Performance Evaluation

Corporate Disclosures GAAP in India and Canada

Performance of Close and Open-ended Funds

A study of Efficiency and Sustainability of Microfinance Institutions

A study of Cost structure of Educational Institutions

 Proposed Areas:

1.    Ethical funds particularly Hindu Funds

2.    Indian Business Model

3.    Indian Economic Model

4.    Spirituality and Management

 Visit to Cornell University, U.S.A under Exchange Programme

Visited Cornell University, U.S.A. on an invitation from Parker Centre for Investment Research, Johnson School of Management, Cornell University, New York, U.S.A. (Spring Semester 2004)

 

Presented papers at various National and International Conferences

 Speaker for lectures/ interviews on TV channels and various other forums

Conducted various corporate training programs/ MDPs for several leading companies’/ Government organisations, NGOs. Topics include Finance for Non Finance Executives, Indian Economy, Understanding Self, How to achieve health and wealth, Corporate Governance, Demographic Dividend

Social Interests

Keen Interest in educational/ social activities, Sanskrit, Yoga, BrahmaVidya and spirituality

He is Yoga Teacher and BrahmaVidya Sadhak.

Large number of recorded videos on YouTube.

Has participated in various Finance/ Budget/ Taxation/ Career sessions including on many TV channels.

President of Yuva Vikas Society (It is Non-Government Organization (NGO), actively involved in Skill Development. It is Affiliated Training Partner for National Skill Development Corporation (NSDC) and Pradhan Mantri Kaushal Vikas Yojana).

Trustee of Enviro-Vigil (It is NGO, working for environmental issues. Has undertaken several innovative activities and projects to create environmental awareness incl. BioMedical Waste Disposal, Paryavaran Shala) (http://envirovigil.org/Homepage.html)

Managing Committee Member of Vanavasi Vidyarthi Vikas Yojana. (It is NGO, actively involved in assisting disadvantaged students particularly Tribals. Operates many training and awareness programmes for Education).

 Advisor and Auditor of several trusts and charitable organisations.