•  hemant.manuj@spjimr.org

Hemant Kumar Manuj

Associate Professor

Chairperson – Finance & Economics

Hemant Manuj is a Fellow of the Indian Institute of Management, Kolkata with specialisation in Finance & Control. He joined academics in 2017 after an accomplished professional career spanning 25 years in the banking industry in which he held senior leadership roles in Portfolio Management and Risk Management.

His current research interests include Firm Behaviour, Insolvency Resolution, Capital Markets, and Risk Management. His intellectual contributions have been published in leading journals, including the Journal of Asian Capital Markets, Risks, Emerald Publishing, and ICSI IPA Insolvency and Bankruptcy Journal.

His research is also featured in several media and periodicals such as Mint, Economic Times, Financial Express, Hindu Business Line, Business World, etc. He holds a concurrent position as an ‘area head’ for finance at SPJIMR. He holds Board positions and consults on specialised topics in risk management with several organisations.

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Global Association of Risk Professionals (GARP)   

Financial Risk Manager, 2004
Major: Risk Management

Indian Institute of Management, Kolkata   

Fellow in Management, 1993
Focus: Finance & Control

Institute of Cost & Works Accountants of India  

AICWA, 1992
Major: Cost Accounting

Indian Institute of Technology (ISM)  

BTech, 1988
Major: Mining Engineering


    Corporate Finance

    Financial Risk Management

    Securities and Portfolio Management


    S. P. Jain Institute of Management & Research, Mumbai (Jan 2017 – now)

    Associate Professor – Finance & Economics

    Administrative Assignments (Jan 2018 – NOW)

    Chairperson, Finance & Economics, Business School.

    IDFC Bank, Mumbai

    Senior Director & Head – Early Warning Signals (Enterprise Risk Management) (Apr 2015 – Jan 2017)

    IDFC Ltd. Mumbai

    Senior Director & Head – Portfolio Management & Market Risk (June 2011 – Mar 2015).

    Director/ Senior Director & Head –Market Risk, Mumbai. (June 2005 – May 2011).

    Assistant Vice President –Market Risk, Mumbai. (Oct 1998 – May 2005).

    Cholamandalam Cazenove Asset Management Company Ltd., Chennai (Apr 1996 – Sept 1998)

    Investment Strategist

    Reliance Share & Stockbrokers Limited, Mumbai (Nov 1994 – Mar 1996)

    Head –Research

    Securities & Exchange Board of India (Jun 1992 – Nov 1994)

    Officer – Foreign Institutional Investors and Mutual Funds


    For-profit organisation, a leading credit rating agency, Mumbai – refinement of credit Rating model. (May 1, 2017 – October 31, 2017)

    For-profit organisation, a leading credit rating agency, Mumbai – refinement of credit rating model (May 1, 2017 – October 31, 2017)

    For-profit organisation, a non-banking finance company, New Delhi – risk management training (November 2017)

    For-profit organisation, a large public sector mining company, Chennai – risk management training (July 2020)

    For-profit organisation, an all-India financial institution, Mumbai – risk management model (June – December 2020)

    For-profit organisation, a leading credit rating agency, – refinement of credit rating model Mumbai. (April 1, 2019 – March 31, 2021)

    A leading consulting firm (Multiple occasions)


    Management/Executive Development, Bharti Axa Insurance. (October 18, 2017 – October 20, 2017)

    Management/Executive Development, Child Fund India. (November 15, 2017 – November 18, 2017)

    Management/Executive Development, Reserve Bank of India. (May 3 – 7, 2021)



    The Economic Times November 27, 2017)

    The Mint. (June 27, 2017)

    The Mint. (June 1, 2017)

    Financial Express. (April 24, 2017)

    Financial Express. (April 6, 2017)

    Many more


    Innoviti SME Lending Private Limited, a wholly owned subsidiary of Innoviti Payment Solutions Private Limited (September 2018 onwards)

    Indian Clearing Corporation Limited, a wholly-owned subsidiary of BSE Limited (September 2021 onwards)


    Emerald Emerging Markets Case Studies – Member, Editorial Advisory Board (January 2022 onwards)

    SAGE Open Publications – Peer-reviewed journal articles, Multiple


    Emerald Emerging Markets Case Studies – Peer reviewed case studies, multiple

    SAGE Open – Peer reviewed journal articles, multiple


    Corporate Finance

    Risk Management



    Member, Finance Committee, Sardar Patel College of Engineering. (April 2018 – Present)

    Member – Screening Committee, Central Government Trust for Medium and Small Enterprises. (January 2018 – December 2018)


    Independent External Person – Nomination and Remuneration Committee, Indian Clearing Corporation Limited (ICCL), Mumbai, Maharashtra. (August 17, 2020)

    Ph.D. Advisory Committee expert panel member, Symbiosis International University, Pune, Maharashtra. (Multiple, ongoing)

    Workshop Organizer, SPJIMR, Mumbai, Maharashtra. (September 29, 2018)

    Workshop Organiser, SPJIMR, Mumbai, Maharashtra. (September 23, 2018)

    Workshop Organiser, SPJIMR, Mumbai, Maharashtra. (August 13, 2018)

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