Rajagiri Centre for Business Studies

People

Dr. Ajay Lunawat

Email-ID: ajay@rajagiri.edu

CA (Dr.) Ajay Lunawat is a faculty in the area of Finance. He qualified as a Chartered Accountant with 47th All India Rank in May 2006. He is also a holder of Diploma in Information Systems Audit & Certification in IFRS from ICAI, SAP-FI Certified Associate, NISM-Series-V-A: Mutual Fund Distributors Certified and B.Com. (4th Rank, Amravati University). After serving the industry for 8 years in companies like Nestle and Axis Bank, he shifted to academics. He was awarded PhD in Commerce from Shri JJT University, Rajasthan. His research interests are in areas of Financial Reporting, Integrated Reporting and Corporate Governance.  He has contributed e-lectures and study materials for the Board of Studies, ICAI. He has also been an international visiting scholar to Western Michigan University, USA and Nazareth College, USA. He was awarded an honorary fellowship by the International Association of Accounting Professionals, UK.

Educational Qualification

B.Com (2002) – Amravati University – 4^th University Rank
CA (2006) – ICAI, New Delhi – 47^th All India Rank
PhD in Commerce (2022) - Shri JJT University, Rajasthan

Post Qualification Professional Courses

Enrolled as Social Auditor with The Institute of Social Auditors of India
NISM Certification in Mutual Fund Distribution Module
Diploma in Information System Audit (DISA) from ICAI, New Delhi
Certificate in IFRS from ICAI, New Delhi
SAP Certificate Associate in FI-Module
Awarded Honorary Fellowship from IAAP, UK

Work Experience (Research /Teaching)

June 2011 to Nov 2014]– Founder Director, Eduport Career Solutions (P) Ltd.
March 2009 to June 2011 – Nestle India Limited, Assistant Manager – Group Accounting and ReportingCorporate Office, Gurgaon (Haryana)
Feb 2007 to Mar 2009 – Proprietor, Ajay Lunawat & Co., Chartered Accountants
Nov 2006 to Jan 2007 – Axis Bank, Deputy Manager – Finance, Mumbai (Corporate Office)

Area of Interest (Research /Teaching)

International Financial Reporting Standards (IFRS)
Portfolio Management and Investment Advisory Services
Financial Management
Mergers and Acquisitions

Journal Publication

Impact of IFRS on Audit Fees: An Indian Perspective, IUP Journal of Accounting Research & Audit Practices 22 (1), 57-74 (ABDC - C)
Women in the Board Room: A Mandate-Intent and Compliance by Companies. SCMS Journal of Indian Management 18.3 (2021): 16-27. (Scopus – Q4)
Do Environmental, Social, and Governance Performance Impact Firm Performance? Evidence from Indian Firms. Indonesian Journal of Sustainability Accounting and Management 6.1 (2022). (ABDC - C)
The impact of diversification on bank stability in India. Cogent Business & Management 9.1 (2022): (Scopus - Q2)

Paper Presentation

Presented paper on “Sustainable Leadership, Dividend Policy and Value Relevance: Evidence from India” in the International Conference on Sustainable Goals (ICSG 2022) organized by IIM – Bodh Gaya - 16-17 Sep 2022
Presented paper on “An Empirical Study on ESG and dividend payout policy” at 3rd Rajagiri Management Conference, 22nd and 23rd April 2022
Presented paper on “Do Environmental, Social and Governance performance impact firm performance? Evidence from Indian firms” AU Virtual International conference - 19th October 2021
Presented paper on “Dividend policy during COVID-19 crisis - An empirical study” at International Management Conference organized by IIM – Bodh Gaya - 23rd and 24th April 2021
Presented Case “Diamond In The Box Of Two Rings” at 19th e-FDP on case writing and case teaching organized by Prestige Institute of Management, Gwalior – 1st April 2021 to 4th April 2021

Conferences / MDPs Attended / FDPs Attended

Ten Days Financial Research Summer School at IIM – Calcutta, 1st May 2022 – 10th May 2022
Six days Short term course on “Data Analysis Using Statistical Learning Techniques from IIT, Madras – 21 – 26 March 2022
Two days pre-Conference workshop at International Management Conference organized by IIM – Bodh Gaya - 21st and 22nd April 2021
Four days 19th e-FDP on case writing and case teaching organized by Prestige Institute of Management, Gwalior – 1st April 2021 to 4th April 2021
Five days online FDP “Inculcating Universal Human Values in Technical Education” by AICTE, New Delhi – 8th March 2021 to 12th March 2021
FDP on “Cesim Bank Simulation” organized by RBS, Kochi [15th July 2020 – 15th September 2020]
Two days Workshop on Data Management and Analysis using STATA software organized by RBS and RCSS, Kochi [08th July 2020 – 09th July 2020]
International webinar on “Improving Research Ethics and Academic Integrity using Turnitin Software” organized by RCSS, Kochi
Three Days Pre-Conference Workshop Time-series Econometrics with applications organized by The Indian Econometrics Society
Two Day Workshop on "Aligning Yourself to the Publishing Process" by Elsevier
Tips for writing a high quality research paper by FIIB
“Shift to Hybrid Learning Model: The New Normal for Education”, by FICCI
Faculty Development Programme Teaching with Simulation Workshop offered by Rajagiri Centre for Business Studies, with content support by Harward Business Publishing at Rajagiri Valley Campus on February 27 and 28 , 2018
Two Day National Conference on GST organised by Indirect Taxes Committee, ICAI [04-11-2016 to 05-11-2016]
ICAI International Conference, on Accountancy Profession: Building Global Competitiveness: Accelerating Growth [29-01-2015 to 31-01-2015]
CPE Seminar on Service Tax on Works Contract & Reverse Charge Mechanism [12-12-2015]
CPE Workshop on Audit of Depository Participants [17-12-2015]
National Conference on Rising to the Challenges Redefining our Role [30-12-2014 to 31-12-2014]
Full Day Seminar on Financial Planning [29-08-2014]
CPE Meeting on Unleash the power within û Be an efficient communicator and New Practice Opportunities [19-12-2014]
Half Day CPE Seminar on Companies Act 2013 [20-12-2014]
Training Programme on Role of CA Professionals in Make in India [26-12-2014]
CPE Teleconference on Companies Act, 2013 [06-12-2013]
Full day seminar on Direct Tax [07-12-2013]
34th REGIONAL CONFERENCE OF CIRC [18-12-2013 to 19-12-2013]
Analysis of Union Budget 2012-Direct Tax & Indirect Tax [18-03-2012]
Seminar on Code of Conduct & Professional Ethics and emerging issues [17-06-2012]
Industrial Growth: Roadmap & Opportunities [06-10-2012]
National Seminar on Direct Taxes [22-11-2012]
CPE Teleconference Programme on Foreign Contribution Regulation Act, 2010 [05-12-2012]
Workshop on Enabling Service Tax Practice [21-12-2012 to 22-12-2012]
SEMINAR ON INCOME TAX AND WEALTH TAX and INVESTMENT AWARENESS PROGRAM [16-09-2011]
Computer Awareness Programme for Members on MS WORD [17-10-2011 to 23-10-2011]
VAT AUDIT AND SERVICE TAX E FILING OF RETURNS [15-10-2011]
SEMINAR ON INCOME TAX [25-11-2011]
CIRC SUB REGIONAL CONFERENCE ON INCOME TAX PLANNING & PROJECT FINANCE [24-12-2011]

Conferences / MDPs Organised / FDPs Organised

Convener of 4th Pre-Conference workshop at 4^th Rajagiri Conference on Economics and Finance (26^th and 27^th Nov 2022)
Convener of 4th Rajagiri Conference on Economics and Finance (28^th and 29^th Nov 2022)
Session Chair – at 3rd Rajagiri Management Conference, 22nd and 23rd April 2022
Session Chair – Behavior Finance and Financial Literacy at 3rd Rajagiri Conference on Economics and Finance (19th and 20th Nov 2021), RCSS, Kochi
Session Chair at 2nd Rajagiri Conference on Economics and Finance (5th & 6th Nov 2020), RCSS, Kochi
Session Chair at 1st Rajagiri Conference on Economics and Finance (8th & 9th Nov 2019), RCSS, Kochi

Awards And Achievements

Best Paper award at AU Virtual International Conference on Entrepreneurship and Sustainability in Digital Era organized by Assumption University of Thailand on 19th October 2021