Faculty Profile
Rohan Chinchwadkar
Associate Professor of Finance
Office: 101, Shailesh J. Mehta School of Management, I.I.T. Bombay, Powai, Mumbai
Phone: 91-22-25767788

Rohan Chinchwadkar is an Associate Professor of Finance at the Shailesh J. Mehta School of Management, an Associate Faculty at the Motilal Oswal Centre for Capital Markets and IITB-Citadel Securities Quantitative Research Lab, and former Professor In-Charge of the HDFC ERGO – IIT Bombay Innovation Lab.
Research
PhD Guidance
I’m keen on guiding PhD students in all areas of finance, with a special focus on Artificial Intelligence in Finance (Large Language Models and Agentic AI)
Background
Education
- PhD (Finance), Indian Institute of Management (IIM) Calcutta (2009-13)
- B. Tech. (Electronics), VJTI, Mumbai (2005-09)
Industry
Industry Experience
Associate (Management Consultant), McKinsey & Company
2013 – 2015
- Involved in various types of consulting engagements like private equity due diligence, post-merger management, entry strategy, portfolio strategy, strategy implementation, operations and research across banking and financial services, defence, high-tech, IT services and healthcare sectors
- Worked with a variety of clients like bulge-bracket private equity fund, leading family-managed business group, large professionally-managed business group, public-sector bank, non-banking financial services company, private-sector bank and mid-sized technology firm
Career
Academic Experience
Associate Professor, Indian Institute of Technology (IIT) Bombay
- Associate Professor (Finance) at the Shailesh J. Mehta School of Management
- BTech and MBA Teaching: Corporate Finance, Private Equity & Venture Capital, Start-up Financing, Money: Past, present and future
- PhD Teaching: Entrepreneurship as Practice
- Associate Faculty at the Desai Sethi School of Entrepreneurship (2021-26)
- BTech Teaching: Field Immersion for Researchers and Entrepreneurs, Finance for Entrepreneurs
- Start-up Mentor, IDEAS (Innovation, Development & Entrepreneurship with Alumni Support) Program
- Co-Convener, Executive Committee (Nodal Institute), Bharat Innovates (2025-26)
- Initiative of Ministry of Education and Principal Scientific Adviser, Government of India
- Curate 100 cutting-edge deep-tech innovations (TRL 3-9) for a global event in France in June 2026
- Professor In-Charge of HDFC ERGO – IIT Bombay Innovation Lab (2021-24)
- Strategic partnership in innovation-entrepreneurship to transform financial services, including insurance
- Member, Evaluation-Monitoring Committee at startup incubator SINE (2022)
- Committee administers Grants and Entrepreneurship-in-Residence programs of DST and MeitY, GoI
- Member, Institute Innovation Council, IIT Bombay (initiative of Ministry of Education, Innovation Cell)
- Received IIT-B’s Early Research Achiever Award for contributions in entrepreneurship and finance, 2022
- Member, AIC-ACIC Review Committee, Atal Innovation Mission, NITI Aayog, GoI (2024-Present)
- Member, Selection Committee, EDGE Centres, BIRAC, Department of Biotechnology, GoI (2025)
- Research Advisor, Knowledge and Resource Centre, ISBA (Association of Startup Incubators), 2025
Assistant Professor of Finance, Indian Institute of Management (IIM) Trichy (2016-19)
- MBA Teaching: Private Equity & Venture Capital, International Finance, Investment Analysis & Portfolio Management
- PhD Teaching: Introduction to banking: Theory & History, Research Methods in Finance & Accounting
- Administrative committees: PGP (Business Management), Learning Resource Centre, Five-year Strategic Plan
Visiting Professor of Entrepreneurship, Indian Institute of Technology (IIT) Jodhpur
- Institute Elective: New Venture Financing (Sources of Startup Finance, Guide to Startup Fundraising)
- Start-up Mentor, Technology Innovation and Startup Center, deep-tech incubation centre, IIT-J
Visiting Professor of Finance, Indian Institute of Management (IIM) Calcutta
- MBA Elective: Investment Analysis & Portfolio Management
- Guest lecture: “Transformation of Public Sector Banks & Post-Merger Management in banking”
Scholarship
Publications
Journal Publications
- ›“Embedding nascent entrepreneurs in incubators: Examining conflicts in technology venture creation”, Technovation, 144, 2025, with Vidit Mohan and Sankalp Pratap
- ›“Technology Business Incubation: A Literature Review and Gaps”, International Journal of Global Business and Competitiveness, 17, 2022, with Vidit Mohan
- ›“Political business cycles, elections and entrepreneurial finance: A framework”, Journal of Quantitative Economics, 18(4), 2020
- ›“Post-COVID-19 challenges in the Indian IT industry”, Economic and Political Weekly, 55(42), 2020, with Vinish Kathuria
- ›“The choice of exit: Influence of private equity investors and buyout entry”, Journal of Emerging Market Finance, 17(1S), 2018, with Rama Seth
- ›“Evolution of private equity regulations in emerging markets: A case of India”, The Journal of Private Equity, 20(1), 2016, with Vidhu Shekhar
- ›“Real exchange rate and real interest rate differential: A cointegration approach with structural shifts”, Journal of Quantitative Economics, 13(2), 2015, with Kunal Khairnar
- ›“Effect of book building and auctions on the exit choice between IPO and acquisition”, Theoretical Economics Letters, 5(4), 2015, with Rama Seth
- ›“Merger Returns and Choice of Payment Method: A Case from the Indian Banking Industry”, International Journal of Economics and Finance, 7(1), 2015
Case Studies
- ›“Velmenni’s LiFi Leap: The Final Push to Market?”, Ivey Publishing, Harvard Business Publishing, 2024, with Kulbir Lamba, Sankalp Pratap and Venkat Ram Reddy Ganuthula
- ›“WRCB, IIT Bombay: Commercializing Deep Tech Innovation”, Ivey Publishing, Harvard Business Publishing, 2024, with Kulbir Lamba and Sankalp Pratap
- ›“Infuse Ventures at CIIE: Seeding a cleantech entrepreneurship ecosystem”, accepted, Ivey Publishing, Harvard Business Publishing, 2024, with Vidit Mohan, Valerie Mendonca and Supriya Sharma
- ›“BETIC, IIT Bombay: Commercializing a Novel Digital Stethoscope”, Ivey Publishing, Harvard Business Publishing (bestseller), 2021, with Mueen Ahmed and Sankalp Pratap
Policy Publications
- ›“Incubation Fund Management: Investment Playbook for Startup Incubators”, Ministry of Electronics and Information Technology Startup Hub whitepaper, 2025
- ›“Financial Sustainability of Startup Incubators”, Atal Innovation Mission whitepaper, 2024
Edited Book and Book Chapter
- ›Co-editor, “Shifting Orbits: Decoding the trajectory of the Indian start-up ecosystem”, Universities Press, 2021, forewords by Anand Mahindra and K VijayRaghavan; launched by Amitabh Kant, CEO, NITI Aayog
- ›Book chapter: “Nurturing the next gen: University Incubation in India”, first-of-its-kind roundtable with CEOs of IIT-IIM incubators, in Shifting Orbits: Decoding the trajectory of the Indian start-up ecosystem, 2021
Articles in National Newspapers and Media Outlets
- ›“How AI is transforming investing for retail investors”, in Forbes India, Aug 5, 2026
- ›“Career playbook for the AI age: Seven lessons every student needs”, in Forbes India, Jul 27, 2026
- ›“AI is changing education, but college remains essential”, in Forbes India, Jul 8, 2026
- ›“Co-incubation speeds startup growth with shared expertise and resources”, in Forbes India, Feb 10, 2026
- ›“A Stitch in Time: The high price of delaying health insurance”, in Forbes India, Aug 18, 2025
- ›“Lifestyle Inflation: The silent thief in your paycheck”, in Forbes India, Jul 9, 2025
- ›“Make teens (financially) great again”, in Forbes India, May 20, 2025
- ›“How to build strong startup teams with right foundations”, in Forbes India, Apr 4, 2025
- ›“Money: From barley to bitcoin, a system of trust”, in Forbes India, Nov 27, 2024
- ›“Truth vs Information: Transcending the naive view of modern science”, in Forbes India, Oct 18, 2024
- ›“In pursuit of financial sustainability: Incubators as equity investors”, in Forbes India, Sep 17, 2024
- ›“Finding the sweet spot for India’s sovereign AI”, in Forbes India, Aug 14, 2024
- ›“A roadmap for start-up incubators”, in The Hindu Business Line, July 31, 2024
- ›“Social barriers are often the first Indian entrepreneurs encounter”, in Mint, Jan 8, 2024
- ›“What entrepreneurs can learn from reading Jeffrey Archer”, in Mint, Sep 6, 2021
- ›“The evolution of start-up incubators and incubation policy in India”, in YourStory, Aug 23, 2021
- ›“The geography of start-up incubation in India”, in Bloomberg Quint, August 2, 2021
- ›“How to fund innovation in the time of coronavirus”, in Mint, April 15, 2020
- ›“Choose large-cap mutual funds wisely”, in The Financial Express, Mar 13, 2019
- ›“Large-cap mutual funds: Big inflows, small returns”, in Bloomberg Quint, Mar 5, 2019
- ›“4 steps to construct & manage an investment portfolio”, in The Economic Times, Nov 10, 2018
- ›“Have you covered your risks?”, in The Economic Times, Oct 8, 2018
- ›“Three ways to forecast the value of the rupee”, in The Financial Express, Sep 28, 2018
- ›“Is the rupee overvalued or undervalued?”, in Mint, July 26, 2018
- ›“Do higher interest rates lead to lower growth?”, in Mint, April 5, 2018
- ›“Reducing the home bias in equity investments”, in Mint, Feb 15, 2018
- ›“Accurate benchmarking of mutual funds”, in Mint, Jan 16, 2018
- ›“If Keynes had designed India’s central bank”, in Mint on Sunday, Dec 3, 2017
- ›“Time for a Reserve Bank of India dot plot”, in Mint, Sep 26, 2017
- ›“Does a rate cut lead to a currency dip?”, in The Hindu Business Line, Aug 22, 2017
- ›“Pluralism in monetary policy framework”, in Mint, July 31, 2017
- ›“Young and the Restless”, on India’s demographic dividend, in The Economic Times, June 24, 2017
- ›“The perils of a larger public sector”, in Mint, June 15, 2017
- ›“The political economy of India’s bad bank”, in Mint, Mar 6, 2017
- ›“Growth in the time of demonetisation”, in The Hindu Business Line, Mar 3, 2017
- ›“Designing the bad bank of India”, in Mint, Feb 21, 2017
- ›“Using Alternative Investment Fund regulations to start up India”, in Mint, Jan 23, 2017
- ›“To Reap What You Lend” on demonetisation and banks, in The Economic Times, Dec 23, 2016
- ›“Why a Dr. Dravid is important for cricket”, in The Hindu Business Line, April 13, 2017
Quotes in National and International Media
- ›“Lessons For Mutual Fund Investors From 2018”, in Bloomberg Quint, Dec 29, 2018
- ›“Weak Rupee Not Enough to Tip the Scale in Favour of India Exports”, in Bloomberg, July 20, 2018
- ›“India Investors Should Watch Core Inflation, Analysts Say”, in Bloomberg, April 24, 2018
- ›“India Central Bank Minutes Surprise With Tilt Toward Rate Hike”, in Bloomberg, April 20, 2018
- ›“Frothy assets spark concerns as cash floods Indian markets”, in Bloomberg, Sep 18, 2017
- ›“Split Within Central Bank Flags Flawed Inflation Model”, Bloomberg, Washington Post, Aug 7, 2017
- ›“Private-sector, foreign banks see India opening”, in S&P Global Market Intelligence, Mar 1, 2017
Television Interview
- ›Measuring Portfolio Performance: The Mutual Fund Show, Bloomberg Quint, May 16, 2018 (10K+ views)
- ›News coverage: “How To Assess Mutual Fund Performance”, Bloomberg Quint, May 19, 2018
Industry Publications
- ›“India’s technology opportunity: Transforming work, empowering people”, McKinsey Global Institute
- ›“Role of innovation in achieving universal healthcare access”, McKinsey whitepaper, quoted by USAID