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Dr. Kanaiyalal S. Parmar

Finance

Qualification
PhD, CFA (ICFAI), MBA-Finance
Designation
Associate Professor
Areas of Interest
AI / ML in Finance, Python for Finance, Time Series Forecasting, Derivatives, Security Analysis and Portfolio Management
Association with Institution
Regular
Date of Joining
October 30, 2025
Email
kanaiyalal.parmar.mcrc@ies.edu

More than 7 years in industry and more than 13 years in academics

Industry:

Worked at GRD Securities, managing funds in Indian derivatives market, applying various option strategies. Guiding and monitoring team to conduct in-depth research and monitor and manage the risk. Also worked at Globe-op Financial Services, responsible for valuations across multiple sources and providing reasonable explanations of any valuation differences

Academics:

Worked at NMIMS Mumbai, IBS Hyderabad among others. Taught subjects like, Python for Finance, AI in Finance, Time series forecasting with Python, Financial Analytics, Financial Derivatives, Security Analysis, Portfolio Management etc. His research interests include ML in Finance, Derivatives and Corporate Finance. 

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Research Papers Published:

  • Parmar, K. S. (2025). Working Capital Management and Consumer-Linked Profitability: An Integrated Empirical and Theoretical Perspective. Advances in Consumer Research, 2 (4), 576-587 (ABDC-B)
  • Parmar, K. S. (2024). Working Capital Management and Profitability: Evidence from Indian Listed Firms, Journal of Information Systems Engineering and Management, 10 (52s), 500-507 (Scopus) 
  • Parmar, K. S. (2018). Determinants of Capital Structure of the Firms in India. The Indian Economic Journal, December, 34-45. (ABDC-B)
  • Parmar, K. S., & Chaturvedula, C. (2016). The Effectiveness of Trade for Trade Segment as a Surveillance Effort to Prevent Price Manipulation: Evidence from India. Accounting and Finance Research, 6(1), 9-17. (ABDC-C)
  • Parmar, K. S., Reddy, V. N., & Chauhan, Y. K. (2015). Theoretical Underpinnings of the Determinants of Firm Performance: A Literature Review. Indian Journal of Finance, 9(9), 36-43. (ABDC-C and SCOPUS)

Cases Published at The Case Centre:

  • Parmar K. S., & Agarwal, M, (2021). “Options Strategies for a Bullish Market”, The Case Centre, Reference numbers “121-0064-1”, “121-0064-8” and “121-0064-8B”.
  • Parmar K. S., Agarwal, M, & Bhattacharjee, K. (2021). “Options Strategies for a Volatile Market”, The Case Centre, Reference numbers “121-0028-1”, “121-0028-8” and “121-0028-8B”.
  • Parmar K. S., & Agarwal, M, (2018).“Hedging Dilemma during Volatile Markets”, The Case Centre, Reference numbers “118-0088-1” and “118-0088-8”.

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Conference Presentations / Session Chair:

  • “Leverage during Economic Expansionary and Contractionary Periods: Evidence from Indian Non-Financial Firms”, at 2nd South Asia Pacific International Conference on Business and Finance, organised by NLDIMSR, during January 4-5, 2025
  • Chaired a technical session at 15th International Conference on Business and Finance, organised by IBS, Hyderabad, during January 27-29, 2022 
  • “Option Trading at Goodwill Brokers: The Quest for Option Strategy Applicable in Bearish Markets” at 15th International Conference on Business and Finance, organised by IBS, Hyderabad, during January 27-29, 2022
  • “Corporate Leverage: Evidence from Indian Non-Financial Firms”, at UBS International Research Conference, organised by Universal Business School, during March 26-27, 2021.
  • “Business Group Affiliation and Executive Compensation: Evidence from Indian Non-Financial Firms” at 2nd International Conference organised by FLAME University, Pune and The Indian Econometric Society on March 1-2, 2019
  • “Ownership Structure, Promoters’ Holding and Capital Structure”, at 14th International Conference on Business and Finance organized by ICFAI Business School Hyderabad, a constituent of IFHE University in collaboration with Gokhle Institute of Politics and Economics, Pune, on January 10-12, 2019
  • “Determinants of Capital Structure of the Firms in India” at 101st Annual Conference of Indian Economic Association organized at Vellore Institute of Technology, Vellore, forthcoming on December 27-29, 2018
  • “The Differential Impact of Group Affiliation on Firm Performance: Evidence from Indian Non-Financial Firms”, at International Conference on Applied Economics and Business organized by The Indian Econometric Society and Shri Mata Vaishno Devi University, on July28-29, 2016.
  • “Impact of Listing and Group Affiliation on Firm Performance: Evidence from Indian Non-Financial Firms”, at the 52nd Annual Conference of the Indian Econometric Society at IIMK, during January 4-6, 2016.  
  • “Hedging Dilemma during Volatile Markets”, at The International Case Study Conference organized by IBS, Hyderabad, Parampara Family Business Institute and Institute for Management and Business Research, University Utara, Malaysia during August 6-7, 2015. 

Research Output: 6 research papers of which 2 are on ABDC “B” category and 3 are in Scopus / ABDC “C” category; 3 case studies published at The Case Centre and 11 conference presentations 

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