CV

EDUCATION

  • Pursuing Ph.D in Management (Finance), School of Business Management, NMIMS University, Mumbai
    • Ph.D Topic: "Essays in Market Microstructure: On the Information Content of Quotes and Continuous Auctions in Order Driven Markets
  • MBA (Exe-PGP), Indian Institute of Management, Indore, 2008 (Ranked first in class)
  • Bachelor of Engineering, Utkal University, Indira Gandhi Institute of Technology, 1999, (Metallurgy and Materials Engineering, Graduated with Honors)
  • Graduate of ICICI Bank ‘Banking Leadership Programme’, 2012

Memberships

Professional

Member – Indian Finance Association, India
Member - Society for Experimental Finance, Austria

RESEARCH

Research Interest

Market Microstructure, Capital Markets, Wealth Management, Consumer Finance

Recent Publications

Refereed Journal Articles

  1. Chakravarty, R.R., Pani, S. A Data Paradigm to Operationalise Expanded Filtration: Realized Volatilities and Kernels from Non-Synchronous NASDAQ Quotes and Trades. J. Quant. Econ. (2021). https://doi.org/10.1007/s40953-021-00252-0
  2. Ranjan R. Chakravarty and Sudhanshu Pani (2021). Are Asian exchanges outliers? A market quality criterion. Investment Management and Financial Innovations, 18(2), 64-78. doi:10.21511/imfi.18(2).2021.06.
  3. Pani, Sudhanshu, 2021. Liquidity in high resolution in limit order markets. International Journal of Financial Markets and Derivatives, 8(1), pp.23-49.
  4. Pani, S., 2020. A theory of'auction as a search'in speculative markets. International Journal of Financial Markets and Derivatives, 7(4), pp.337-374.

Submitted to Peer Reviewed Journals

  1. Chakravarty, Ranjan and Pani, Sudhanshu, Investigating Intertrade Durations using Vine Copulas: An Experiment with NASDAQ Data (2020)
  2. Pani, Sudhanshu , Intraday Trading in Order Driven Markets (2020)
  3. Buy Now, Pay Later (2022)

Books (Non refereed)

  • Pani Sudhanshu, (2016), ‘The Right Cocktail – Asset allocation and Wealth Management in India’, Kousalam Publishers.

Research in Progress

Working Papers

  • Chakravarty, Ranjan and Pani, Sudhanshu Sekhar, Non-Microstructure Noise (2018). SSRN
  • Pani, Sudhanshu Sekhar, The Information Content of Quotes in High Frequency Order Driven Markets (2019). SSRN
  • Chakravarty Ranjan and Pani, Sudhanshu, Broken Exchanges: An Analysis of Market Quality in NSE and Welfare Concerns (2019). SSRN
  • Pani, Sudhanshu Sekhar, Information Aggregation in High Frequency Continuous Double Auctions (2018). Abstract: SSRN
  • Chakravarty Ranjan and Pani, Sudhanshu, Liquidity, Durations and Bid-ask Spread in Limit Order Markets (2018). SSRN
  • Mishra, Jasaswini and Pani, Sudhanshu Sekhar, Household Food Budget Inflation as an Aid to Policy Formulation (2011)

Case Studies and Technical Notes (Not peer reviewed, Not published / Submitted)

Case Studies

  • Sudhanshu Pani(2019), RSL Builders
  • _ (2020), The Need for Financial Accounting - Bajaj Auto Ltd.
  • _ (2020), Khills Cold Press Oils.
  • _ (2020), Revenue Recognition at Infosys Ltd.
  • _ (2020), Guddi’s Wedding.
  • _ (2020) Wirecard A.G: Accounting Issues.

Technical Notes

  • Pani, Sudhanshu (2019), Financial Statement Analysis

Conference, Seminars, Workshops (Presentation)

2021

  • Chakravarty, Ranjan and Pani, Sudhanshu, 'A Data Paradigm for Robustification of Parametric Estimation: Realized Volatilities and Kernels from Non-Synchronous NASDAQ Quotes', presented at World Finance Conference, Aug 3-6, 2021, Norway.
  • Pani, Sudhanshu , 'Intraday Trading in Order Driven Markets', presented at World Finance Conference, Aug 3-6, 2021, Norway.
  • Ranjan R. Chakravarty and Sudhanshu Pani . Are Asian exchanges outliers? A market quality criterion, presented at NMIMS Research Seminar held at SBM, NMIMS, Mumbai Apr 2021.

2020

  • Chakravarty, Ranjan and Pani, Sudhanshu, 'A Data Paradigm for Robustification of Parametric Estimation: Realized Volatilities and Kernels from Non-Synchronous NASDAQ Quotes', presented at FRG-IIM Udaipur-IGIDR market microstructure field workshop, Feb 2020, held at IGIDR Mumbai

2019

  • Ranjan R. Chakravarty and Sudhanshu Pani, Broken Exchanges, presented at NMIMS Research Seminar held at SBM, NMIMS, Mumbai Aug 2019.

Older

  • Pani, Sudhanshu Sekhar, Patnaik, Suresh Chandra and Sarangi Bidyadhar, A computer programme for selection of Hardenable Steels, (1999), published in the conference proceedings at the National Conference on Metals and materials at PSG College of Engineering, Coimbatore.
  • Patnaik, Suresh C and Sarangi Bidyadhar, Pani, Sudhanshu , Rout, Santosh, Mishra Narayan, Padhi, Amitava, Mahapatra, Sanjiv, ‘Effect of Zinc Addition on Precipitation Characteristics of Heat Treated Al-Mg Cast alloys’, Proceedings of the ‘National seminar on Experimental Approaches in Pyrometallurgical Research, 2000’ held at Regional Research Laboratories, Bhubaneswar, Allied Publishers, New Delhi.
  • Patnaik, Suresh C and Sarangi Bidyadhar, Pani, Sudhanshu , Rout, Santosh, Mishra Narayan, Padhi, Amitava, Mahapatra, Sanjiv, ‘Influence of Magnesium content on the structure and precipitation characteristics of heat treated Al-Mg cast alloys and effect of addition of zinc’, presented at ATM-99 of IIM, Nov. 13-16, 1999, IIT- Kanpur.

Conference, Seminars, Workshops (Discussant)

  • Abhilash Nair, Do IPOs price the risk of audit qualification? World Finance Conference, Aug 3-6, 2021, Norway; Discussant: Sudhanshu Pani,

Talks

  • Law & Business, The Evolving Role of In-House Counsel, School of Business, MBA (Law) Foundation Program, 12th July 2022

Data, Programming & Internet Skills

R, Python, Pandas, C, SAS, SPSS, MySQL, Bloomberg, Emergent, Plone, Plomino, Zope, Android, Moodle

EXPERIENCE

Teaching

  • Assistant Professor, Department of Finance, School of Business Management, NMIMS University, Mumbai (2019 – present)
  • Visiting Faculty, School of Business Management, NMIMS, 2018-19
  • Lecturer, Indira Gandhi Institute of Technology, Utkal University, Sarang, Odisha, 1999 - 2000

Courses Taught (Business School)

Investment Analysis and Portfolio Management, Financial Accounting, Management Accounting, Financial Statement Analysis, Corporate Finance, Wealth Management, Financial Modelling.

Executive Education

Various courses to executives from firms such as GSK India, Everest Industries, ICICI Bank, Cipla.

Industry

  • Advisor, Nowa Labs, Singapore, 2019 – 2021
  • ICICI Bank Limited, Mumbai, 2012 – 18
    • Investment Specialist, Wealth Management, 2016-18
    • Branch Manager, Wealth Management, 2012-16
  • Senior Manager, Imperia Premium Banking, HDFC Bank Limited, Mumbai 2008-12
  • Co-Founder and Partner, Finance Central, Mumbai, 2006-08
  • Sales Development Manager, HDFC Standard Life Insurance, Mumbai, 2005
  • Officer, Wealth Management, Standard Chartered Bank, Mumbai, 2004-05
  • Business Development Manager, Bailiwick Solutions Private Ltd., New Delhi, 2000 - 04

Honors and Awards

  • Awarded the Certificate of Merit for securing the First Rank in Exe-PGP, Indian Institute of Management (IIM) Indore, Class of 2006-08
  • Awarded the "BEST ALL ROUNDER AWARD, 1995” at V. S. Vidyalaya
  • Editor of the techno-literary publication of IGIT Sarang, "TECHNO-QUEST,1998”
  • HAL prize, 3rd in Std. 10th, V. S. Vidyalaya, 1993