Dr. Ajay Massand

Associate Professor
  • Teaching


Having over ten years of teaching, corporate training, research and industry experience, he is an Associate Professor at MBA department in PES University. His diversified experience from teaching Engineering Economics to B. Tech students of National Institute of Technology Karnataka (NITK) to conducting induction program to Insurance employees, and teaching Economics and Finance subjects to MBA students made him more passionate into interdisciplinary teaching.


  • Ph.D. (Full time), National Institute of Technology Karnataka (NITK), 2019

  • MBA (Finance), SDM PG Centre for Management and Research, 2011

  • B.P.T., Rajiv Gandhi University of Health Sciences, 2008


  • Assistant Professor, CMS Business School, JAIN (Deemed-to-be) University, July 2017 - July 2022

  • Research Scholar, National Institute of Technology Karnataka (NITK), July 2013 - July 2017

  • Assistant Professor, Malik Deenar Institute of Management, March 2012 - July 2013

  • Lecturer, Mangalore Business School, 2011 - 2012

  • Corporate Trainer, VATI Consultancy, 2011 - 2011

Additional Information

  • He is a recognized Ph.D. guide


  • UGC NET Awarded in 2012


  • Financial Analytics

  • Business Statistics

  • Managerial Economics

  • Basic Econometrics

  • Indian Economy and Policy

  • Financial Markets and Instruments


  • Teacher and Mentor

  • Research Development Cell -Chair

  • Ph.D. Guide

Research Interest

  • Monetary Policy

  • Foreign Direct Investment

  • Financial Econometrics

  • Central Bank's Digital Currency (CBDC)


  • Massand, A. (2021). Bank foreign direct investment in Indian economy: A theoretical review. Indian Journal of Economics and Development, 17(1), 182-188. (Web of Science

  • PV, R., & Massand, A. (2021). Role Of Atmanirbhar Bharat In Revitalisation Of Supply Chain In India. Journal of Contemporary Issues in Business and Government, 27(1), 115-128. (ABDC- C* Category)

  • Massand, A., Lodi, M. K., & Ambreen, L. (2020). Atmanirbhar Bharat: Economic, Legal, and Social Aspects. International Journal of Management (IJM), 11(6).

  • Massand, A. (2019). An Empirical Investigation of Foreign Banks in India in Post Reform Period: Trends, Determinants, And Impact, Finance India, 33 (3), 707-714.

  • Massand, A. (2019). Do Foreign Banks Follow Their Home Clients in Indian States? Humanities and Social Science Studies Journal, 8(2), 16-24

  • Massand, Ajay, and B. V. Gopalakrishna. (2018). Credit Allocation to Diverse Sectors of Indian Economy: An Empirical Investigation of Foreign Banks Entry. SAMVAD 16 (2), 45-52.

  • Massand, A. B., & Gopalakrishna, B. V. (2017). Determinants of Bank Foreign Direct Investment Inflow in India: A Dynamic Panel Data Approach. IIM Kozhikode Society & Management Review, 6(1), 13-22.


  • Massand, A., Hong, K., & Sinha, R.K., (2022). Collaborative Strategy for Startups in Electronics Industry. Emerging Contours of Business and Management, SVDES Book Series, 54-64.

 Staff Contacts
 Staff Campus Location
 RR Campus

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