Residential Address: Row House No. 4, Media Park,
B.T. Kawade Road, Pune 411 001
(R) 0020 2681 4050 (M) 094206 97784


ACADEMIC Qualifications:

  • BA Economics (Goa University);
  • MA Economics (Pune University;
  • PhD in Financial Management & QT (Pune University)
  • Topic: “Behaviour of Initial Public Offerings (IPOs) in the Indian Capital Market in the Pre and Post Liberalisation Era”



  • Associate Professor, Economics, St. Mira’s College for Girls, Pune-21 years of Teaching experience (1995 to Date)
  • Visiting Faculty, Department of Economics, University of Pune, -subject taught – [Financial Institution and Markets] [Since 2012]
  • Resource person, PhD Coursework, Dept. of Economics, SPPU, Since 2011-12
  • Main Areas of Teaching: Banking Law and Practice, Financial Institutions & Markets, Law and Economics, Microeconomics


  • Controller of Examinations (COE), St. Mira’s College for Girls (Autonomous College, Affiliated to University of Pune) Since 1st August 2011


  • Madan Arwah (2012) “Non-mandatory recommendation under the Corporate Governance Code in India: Influence and impact” published in the International Journal of e-Education, e-Business, e-Management and e-Learning (IJEEEE) ISSN: 2010-3654, Vol.2, No.3, pp. 273-276, June 2012 []
  • Barua Nandita Malini & Madan Arwah (2015) “RBI Autonomy And Performance Of Monetary Policy In The Post Liberalization Period: A Comparative Analysis Of The Regime Of Venkitaraman And Rangarajan” International Journal Economics and Research, Mar – Apr 6 Issue 2, 37-48 ISSN: 2229-6158

National- Peer-reviewed

  • Madan Arwah (2013) “Corporate Governance & Investor Protection: A Study of the long-run performance of IPOs with reference to Pre- Issue and Post-Issue Rating” Productivity [Journal of the National Productivity Council, Ministry of Commerce and Industry, Government of India] – Special Issue on “Corporate Governance” Oct-Dec, Vol.54, No. 3, Pg.231-237 ISSN:0032-9924 e-ISSN: 0976-3902
  • Madan Arwah (2003)Investments in IPOs in the Indian Capital Market” –Bimaquest-The Journal of Insurance and Management, National Insurance Academy, Pune, Jan , Vol. 3, No.1. [ISSN No. 0974-0791] [earlier RNI: MAH/ENG/2001/3687]



  • Madan Arwah Arjun (2015)Public Sector Banks In India In The Period Of Post Liberalization: Performance, Survival And Endurance Strategies” at the International Conference On Evidence Based Management 2015 (ICEBM 2015) held on March 20-21 at BITS, Bits-Pilani, Rajasthan (co-authored)
  • Venkatachalam Rama and Arwah Madan (2012) “A Comparative Study of Customer Preferences towards Fresh Groceries: Organized v/s unorganized retailers” presented at the 2012 3rd International Conference on Economics, Business and Management(ICEBM) held at Kaula Lampur, Malaysia organized by International Economics Development Research Centre (IEDRC) ( on Dec 22-23, 2012 and published with ISSN: 2010-4626 Vol. 55, pp. 188-192
  • Upadhye Jayashree and Arwah Madan (2012) “Entrepreneurship and Women Empowerment: Evidence from Pune City” presented at the 2nd International Conference on Economics, Business and Marketing Management, at Singapore organized by International Economics Development Research Centre (IEDRC) ( on Feb 26-28, 2012 and published with ISBN- 978-981-07-1472-7 (pp. 192-196) and electronically available at
  • Madan Arwah, Upadhye Jayashree and Arjun Madan (2012) “Non-mandatory recommendation under the Corporate Governance Code in India: Influence and impact” presented at the 2nd International Conference on Economics, Business and Marketing Management, at Singapore organized by International Economics Development Research Centre (IEDRC) ( on Feb 26-28, 2012 and published with ISBN- 978-981-07-1472-7, Vol. 29, (pp. 240-244) and electronically available at


    • Upadhyay Nishant & Madan Arwah (2016) “Liquidity Adjustment Facility (LAF) as the Main Operating Tool of RBI Post Reform Period & Emergence of Formal Interest Rate Corridor” at the State-Level Seminar on ‘Recent Developments in Indian Banking Sector’ organized by Kaveri college of Arts, Science and Commerce, Pune on Jan 23red, 2016 ISBN: 978-81-926543-0-0
  • Venkatachalam Rama and Arwah Madan (2013) “Online Shopping of Fresh Groceries: A Pilot Study on Web-portals in the City of Pune” presented at National Conference on “Advances in Research in Commerce and Economics: Innovations, Statistical Applications and Publications” held on January 4-5, 2013 organized by the Department of Commerce and Economics, St. Mira’s College for Girls, Pune [ISBN: 978-81-925782-0-0] pp. 187-192


  • Madan Arwah “Innovation and Craft Revival-Empowerment and Sustainable Livelihoods” in the Book ‘Exploring the Benefits of Creativity in Business, Media and the Arts’ Ed. Nava Silton, Assistant Professor, Marymount Manhattan College, New York and published by IGI Global [Peer-Reviewed] PP. 376-393 ISBN13: 9781522505044
  • Madan Arwah Arjun (2014) “Is the Reserve Bank of India approach to the Bank Licenses Policy Conservative? in “Business and Economics: In Search of Excellence” (ed.) Monica Bansal, Research India Publications, Delhi [ISBN 978-93-84144-0], pp. 301-310
  • Madan Arwah & Venkatachalam Rama (2014) “Role of SHGs/NGOs in Craft Revival for Empowerment and Sustainable Livelihood” in (ed.) “Dynamic Approaches for Dynamic Business Environment” Shroff Publishers & Distributors Pvt. Ltd., Mumbai (ISBN-978-81-927004-0-3)461-465
  • Pimpalkhare Manisha & Madan Arwah (2013) “Informal Economy and the Challenge of Decent Work in India” in “Global Financial Crisis and Vulnerability of Indian Economy” (ed.) Debashish Mazumdar, Abhijeet Publications, New Delhi, pp. 120-126 [ISBN 978-93-5074-102-3]
  • Madan Arwah Arjun (2003) “Behaviour of IPOs in the pre and post Liberalisation Era in the Indian Capital Market” inIndian Capital Market: An Empirical Study’ (ed.) Rathore Shirin, Kumar Muneesh & Gupta Amitabh, Anmol Publications Pvt. Ltd. New Delhi [ISBN 81-261-1486-X] pp.100-118



  • Registration as PhD Guide at University of Pune:
Registered for PhD Submitted Awarded
8 4

*Eight Students are registered for Doctoral Research



  • Joined National Insurance Academy (NIA) as research centre during Teacher Fellowship (2000-2002). Got the opportunity to interact with experts in field of Insurance, Banking & Finance.
  • Minor Research Project (MRP)-“Price Fixation of Equity Issues-CCI v/s SEBI”. University Grants Commission (UGC) Western Regional Office. (1997-1999)
  • Research Associate-Symbiosis Institute of Foreign Trade, worked on the book “Business Environment in India” authored by the Director Dr. Bs. Ks. Chopra. (1995-1997)
  • Research Associate– Strategic Management Centre, a private consultancy firm, Pune. (Jan-June94).


  • Prepared Course material for Symbiosis Centre for Distance Leaning (SCDL), Pune on the subject “Banking Regulations and Laws” for a two-year -Post Graduate Diploma in Banking and Finance (January 2011)
  • Workshop on ‘Understanding the Economic Times” – one week workshop conducted on regular basis to introduce the undergraduate students to reading a business newspaper since 2009
  • UGC-CEC lectures on the subject Economics on the topic ‘Market Structure’ to be telecast on UGC-CEC Vyas Channel were delivered/recorded in the form of four episodes. This is a 40-episode series on micro/business economics with Programme Director Dr. Vasudha Garde, HoD, Economics, BMCC, Pune and Producer Mr. Balkrishna Damle. The recording was done at the EM2RC, Pune on May 16th, 2007




  • Academic and Research Coordinator, St. Mira’s College for Girls, Pune 2009-10
  • Programme Officer- National Service Scheme, St. Mira’s College for Girls, 1998-2000


  • Master Trainer, Census of India, 2011
  • Presiding Officer (PRO), General Elections of Legislative Assemblies of Maharashtra, October 13, 2009
  • Polling Officer (Ballot Paper), General Elections, Pune Municipal Corporation, February 10, 2002