•  sapna.malya@spjimr.org

Sapna Malya

Associate Professor, Finance & Economics

Deputy Programme Chairperson, Post Graduate Diploma in Management and Post Graduate Diploma in Management Business Management

Sapna Malya holds a Ph.D., with a research focus on Capital Markets. She is a qualified Chartered Accountant with a master’s and a bachelor’s degree in Commerce, majoring in Auditing and Accounting. In her academic career spanning 25 years, she has been a faculty at various leading commerce colleges and business schools and has taught subjects including Financial Accounting, Cost and Management Accounting, Financial Management, and Corporate Finance.

Her research expertise covers topics such as Accounting, Finance, and Entrepreneurship. She has presented her intellectual contributions at conferences and published in popular periodicals. She is currently the Deputy Programme Chairperson for the Post Graduate Diploma in Management Programme at SPJIMR.

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Swami Ramanand Teerth Marathwada University

Ph.D., 2014
Focus: Frauds and Malpractices in the Indian stock markets

Madurai Kamaraj Open University

MCom, 2005
Major: Accounting and Auditing

Institute of Chartered Accountants of India

CA, 1995
Major: Accounting and Auditing

Mumbai University

BCom, 1992
Major: Accounting and Auditing






    Malya, S. (2023), “Business model (BM) diagram in integrated reports, a graphic or an infographic? A study in the Indian context”, Journal of Financial Reporting and Accounting, Emerald Publishing. https://doi.org/10.1108/JFRA-10-2022-0380

    Malya, S. U. (2022). Managing the crisis: Learnings from ‘zero risque’. FIIB Business Review11(4), 376-381. SAGE Publications. https://doi.org/10.1177/23197145221105675


    Jayakumar, T., & Malya, S., (2023). TexCarp Consulting: Tying oneself up into knots? Ivey Publishing. Product Number. W34204


    Malya, S. (Author & Presenter), Divatia, A. (Author & Presenter), George, S. A. (Author & Presenter), POMS India International Conference 2022, “Critical success factors for building resilience in management institutions”, Institute of Management Kozhikode, Kerala. ( December 22, 2022)

    Malya, S. (Author & Presenter), Divatia, A. (Author & Presenter), George, S. A. (Author & Presenter), POMS India International Conference 2021, “Critical factors for building resilience during crisis: A study from the field of management education”, SPJIMR, Mumbai. (December 22, 2021)

    Malya, S. (Author & Presenter), Divatia, A. (Author & Presenter), George, S. A. (Author & Presenter), 3rd International Conference on Digital Economy & 14th Annual Indian Subcontinent Institute of Decision Sciences Conference ‘Agile Innovation in Response to Covid-19 Pandemic – A case study from management”, Indian Institute of Management Raipur, India (December 29, 2020)

    Malya, S., 2nd International Conference on Entrepreneurship and Family Business, “Building an infrastructure for effective family business teaching,” Indian Institute of Technology Bombay, Mumbai. (January 11, 2020)

    Malya, S. (Author), Vora, N., Savla, D., Infracon 2019, “Working Capital and its impact on Profitability: Indian Infrastructure Sector,” Symbiosis, Pune. (July 2019)

    Malya, S. (Presenter), Conference in Finance and Economics, “Study of Mobile Wallets as an alternative to Banks in India’,” IBS and supported by AMDISA. (April 2017)


    Malya, S., Pai, P. (2017). CSR – Being good is good for business. Shree Chaitanya Educational Institutions.

    Malya, S. (2016). Should companies get debt or get out of it? Forbes India. https://www.forbesindia.com/article/weschool/should-companies-get-debt-or-get-out-of-it/43381/1


    Financial Accounting

    Cost and Management Accounting

    Financial Management

    Corporate Finance


    Academic Faculty

    Associate Professor, S.P. Jain Institute of Management and Research. (November 4, 2019 – Present).

    Adjunct Faculty, ISME – School of Management and Entrepreneurship. (July 2016 – October 2019).

    Associate Professor, Welingkar Institute of Management and Research. (August 2010 – June 2016).

    Assistant Professor, H.R. College of Commerce and Economics. (November 2003 – July 2010).

    Visiting / Assistant Professor, Ghanshyamdas Saraf College. (June 2002 – October 2003).

    Assistant Professor, M.M.K College. (June 1999 – May 2002).

    Assistant Professor, Nagindas Khandwala College. (June 1998 – April 1999).

    Administrative Assignments

    Associate Programme Head, PGDM, Programme. (April 1, 2020 – Present).


    Management/Executive Development, McDonalds. (October 2018)

    Management/Executive Development, SD Corp Pvt. Ltd. (March 2018)

    Management/Executive Development, Bayer India. (2016)

    Workshop, FICCI – FLO. (September 27, 2016)

    Management/Executive Development, Writer Corporation. (January 2016)

    Management/Executive Development, BCA Professional Accountant. (2015)

    Workshop, All India Ophthalmological society. (May 2015)

    Management/Executive Development, NCR Corporation. (January 2015)

    Management/Executive Development, Defense personnel. (2014)

    Management/Executive Development, M & M. (2014)

    Management/Executive Development, McDonalds. (2014)

    Management/Executive Development, Asian Paints. (March 2013)


    Panvelkar Builders, Mumbai. (January 2018 – February 2018)

    X & O Clothing Pvt. Ltd. (Basil Leaf), Mumbai. (July 2017 – October 2017)

    Hi Tech Writing Instruments (Legend Pens), Mumbai. (January 2017 – August 2017)

    Accolinks Solutions Pvt. Ltd, Mumbai. (2014 – 2016)

    Cisons Pvt Ltd, Mumbai. (2012 – 2014)


    Director on the Board of a NGO – Chirag Rural Development Foundation

    Part of the Knowledge Team of CFO Services, Mumbai


    Emerald Emerging Market Case Studies

    Sage Open


    Associate Member, Institute of Chartered Accountants of India. (1996 – Present)

    Mentor, Atal Incubation Centre – RMP. (2020 – 2021)

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