Finance faculty · Researcher · Jaipur, India

Dr. Vinay Khandelwal

I teach finance to managers who will make real capital decisions, and I research how markets price risk.

I am an Assistant Professor of Finance at ICFAI Business School, Jaipur, and adjunct faculty at Eaton Business School in the UAE. My courses range from Financial Management and Derivatives to Mergers and Acquisitions, Power BI and Introduction to AI.

I believe finance is learned by doing. So my classes use simulations and the tools students will meet at work, such as Bloomberg, Power BI and Python.

My research asks how markets price risk. It covers asset pricing, ESG, digital transformation and the metaverse in banking. I hold a doctorate in management from Jaipuria Institute of Management and lead an ICSSR-funded project of INR 15 lakh.

Contact me Read my research
Portrait of Dr. Vinay Khandelwal, smiling, in a dark suit

Recognition

  • Shiksha Ratan AwardTaxila Business School · 2024 · Teaching and research excellence
  • UGC-NET JRF, 99.84 percentileUniversity Grants Commission · 2019 · Management
  • ICSSR research grant, INR 15,00,000Principal Investigator · Awarded 2024

Tools I use

Statistics and econometrics

  • Stata
  • RStudio
  • SmartPLS 4.0
  • Python

Financial databases

  • Bloomberg Terminal
  • S&P Capital IQ

Visualisation and office

  • Power BI
  • Microsoft Office
  • Canva

Professional experience and education

I have taught finance since 2022 in India and the UAE, and I lead sustainability and innovation work at my university.

4years teaching
0extra months
7institutions, India and UAE

Full-time appointments

  • Jun 2024 – PresentAssistant Professor (Finance)ICFAI Business School, ICFAI University JaipurPresident, Institution's Innovation Council · Chairperson, Centre for Business Sustainability
  • May 2023 – Jun 2024Assistant Professor (Finance)Institute of Business Management, GLA University, MathuraAccreditations Coordinator, AACSB and NBA

Adjunct and visiting appointments

  • Apr 2025 – PresentAdjunct FacultyEaton Business School, Sharjah, UAE
  • Jan 2022 – Jan 2026Adjunct FacultyStirling Management School, University of Stirling, RAK, UAE
  • Oct 2024 – Nov 2025Visiting FacultyTaxila Business School, Jaipur
  • Aug 2022 – Mar 2023Assistant Professor (Part-time)Sunstone Eduversity, Jaipur
  • Sep 2022 – Jan 2023Assistant Professor (Part-time)International School of Informatics and Management, Jaipur

Education

  • 2019 – 2023Fellow Programme in Management (Doctorate)Jaipuria Institute of Management, JaipurDissertation: A Study of Asset Pricing Models in the Indian Capital Market Post 2000. Supervisor: Prof. Varun Chotia
  • Dec 2019UGC-NET, Junior Research FellowshipUniversity Grants Commission – National Testing AgencyManagement · Score 186 · 99.84 percentile
  • 2017 – 2019PGDM (equivalent to MBA), Finance and MarketingJaipuria Institute of Management, Jaipur
  • 2014 – 2017B.Com (Honours), Accountancy and Business StatisticsUniversity of Rajasthan, Jaipur

Certifications

  • Bloomberg Market Concepts
  • Bloomberg ESG
  • NISM and CRISIL Certified ESG Risk Analyst
  • Algorithmic Trading and Finance Models (LinkedIn Learning)

What I teach

My courses are built around the tools and decisions finance professionals use.

Corporate finance

ICFAI Business School

  • Financial Management
  • Advanced Financial Management
  • International Finance

Markets and deals

GLA University

  • Financial Derivatives
  • Mergers and Acquisitions
  • Business Simulations

Quantitative finance

University of Stirling, RAK

  • Quantitative Finance
  • Financial Derivatives
  • Alternative Investments

Data and AI for finance

Taxila and Eaton Business Schools

  • Financial Modelling
  • Data Visualisation with Power BI
  • Introduction to AI

I also supervise doctoral scholars at Eaton Business School.

My research portfolio

Fourteen journal articles, one edited book and one granted UK registered design. Search by title, author or journal, or filter by year.

Research metrics, as of 1 August 2026
DatabasePublicationsCitationsh-index
Google Scholar ↗163188
Scopus ↗141697
Web of Science ↗13995
  • Scopus Q1 / ABDC A: 5
  • Scopus Q2 / ABDC B: 5 (+1)
  • Scopus Q3: 3
  • Scopus Q4 / WoS ESCI: 1

Patent

  1. “Finance-Integrated Access Control Device”, UK Registered Design No. 6487031, Intellectual Property Office (UK). Registered 20 November 2025; granted 26 November 2025; published 27 November 2025 (Locarno Class 10-05).

    1 patent granted

Edited book

  1. Jhalani, P., Khandelwal, V., & Soni, S. (2026). Management Research for Industry 6.0 (1st ed.). Wisdom Words Publishing.

Peer-reviewed journal articles

  1. Alzeiby, E. A., Khandelwal, V., Cheng, J., Dash, S., Temperini, V., & Palladino, R. (2026). Harnessing AI-Metaverse synergies for smart sustainability: A knowledge management perspective on immersion, ethics, and decentralization. Technology in Society, 103234.

    Scopus Q1WoS SSCIIF 12.5DOI ↗

  2. Alzeiby, E., Pathak, K., Saigal, T., Khandelwal, V., & Dash, S. (2026). Customer resistance towards food delivery apps: An in-depth inductive investigation. British Food Journal, Emerald.

    Scopus Q1WoS Q1 SCIEForthcoming

  3. Alghafes, R., Khandelwal, V., Sharma, M., Horani, O. M., & Koltai, J. P. (2026). Driving sustainable supply chains through digitalization: Unpacking the role of carbon collaboration and reporting. Transformations in Business & Economics, Vilnius University Press.

    Scopus Q2WoS SSCIForthcoming

  4. Duara, M., Khandelwal, V., Kumar, C. S., Chotia, V., & Sharma, P. (2025). Understanding the underlying knowledge structure in business ethics, governance and sustainability research. International Review of Management and Marketing, 15(1), 311–319.

    Scopus Q3DOI ↗

  5. Singh, N., Vishnani, S., Khandelwal, V., Sahoo, S., & Kumar, S. (2024). A systematic review of paradoxes linked with digital transformation of business. Journal of Enterprise Information Management, 37(4), 1348–1373.

    ABDC AScopus Q1WoS SSCIIF 6.5DOI ↗

  6. Khandelwal, V., Chotia, V., Soni, S., Sharma, P., & Kalyani, S. (2024). Exploring the nexus of infrastructure, finance, and economic growth in SAARC nations. Problems and Perspectives in Management, 22(4), 649–657.

    Scopus Q2CiteScore 2.2DOI ↗

  7. Sharma, D., Pandey, H., Khandelwal, V., & Walker, R. C. (2024). A decade of Business and Professional Communication Quarterly: A PRISMA guided systematic review. Business and Professional Communication Quarterly, Sage.

    Scopus Q2IF 1.4DOI ↗

  8. Agrawal, A., Sharma, D., Mishra, M., Shah, M. A., Alam, M., & Khandelwal, V. (2024). How to cook a meme: Exploring content strategies in brand and user generated memes on Instagram. Cogent Business & Management, Cogent OA.

    Scopus Q2IF 3DOI ↗

  9. Khandelwal, V., Sharma, P., & Chotia, V. (2023). ESG disclosure and firm performance — an asset pricing approach. Risks, 11(6), 112, MDPI.

    ABDC BScopus Q2IF 2.2DOI ↗

  10. Khandelwal, V., Tripathi, P. M., Chotia, V., Srivastava, M., Sharma, P., & Kalyani, S. (2023). Examining the impact of agency issues on corporate performance: A bibliometric analysis. Journal of Risk and Financial Management, 16(12), 497, MDPI.

    ABDC BScopus Q2DOI ↗

  11. Kumar, C. T. S., Chotia, V., Soni, S., & Khandelwal, V. (2023). Impact investing in action: A framework for sustainability. International Journal of Management and Sustainability, 12(2), 245–258, Conscientia Beam.

    Scopus Q3DOI ↗

  12. Tripathi, P. M., Chotia, V., Solanki, U., Meena, R., & Khandelwal, V. (2023). Economic value added research: Mapping thematic structure and research trends. Risks, 11(1), 9, MDPI.

    ABDC BScopus Q2IF 2.2DOI ↗

  13. Khandelwal, V., & Chotia, V. (2022). Is there a beta anomaly? Evidence from India. Annals of Financial Economics, 17(4), 2250020, World Scientific.

    Scopus Q1DOI ↗

  14. Singh, A., Khandelwal, V., & Gupta, R. (2022). Testing the efficiency of the Treynor Black model in the post global financial crisis era. Pacific Business Review International, 14(11), 1–10.

    WoS ESCIPDF ↗

Funded research project

INR 15,00,000

Transforming Banking: The Impact of the Metaverse on Future Financial Services

A Journey towards a Developed India. Funded by the Indian Council of Social Science Research (ICSSR) under the Vision Viksit Bharat@2047 initiative. I am the Principal Investigator. The grant was awarded in August 2024 (Application ID: ICSSR-VB-2024-3887).

Conferences I have convened

I plan and run academic conferences that bring researchers and practitioners together.

  • 10–11 Apr 2026Conference Convenor4th International Conference, "Management Research for Industry 6.0", ICFAI Business School, ICFAI University Jaipur
  • 16–18 Feb 2023Conference Coordinator10th International Conference, "Netritva 4.0: Leadership in the Era of Connection and Collaboration", with AMDISA, Jaipuria Institute of Management Jaipur
  • 17–19 Feb 2022Conference Coordinator9th International Conference, "Envisioning India's Future: Growth, Innovation, Sustainability, Happiness and Wellbeing", with AMDISA, Jaipuria Institute of Management Jaipur
  • 18–20 Feb 2021Conference Coordinator8th International Conference, "Envisioning Business for a Better Tomorrow", with AMDISA, Jaipuria Institute of Management Jaipur

Let's talk

Students, co-authors, conference organisers and companies are all welcome. Send me a short note about what you need, and I will reply personally.

write2vinayk@gmail.com

Email me LinkedIn ↗ Corporate training
Dr. Vinay Khandelwal standing in a navy suit and burgundy tie