Sat Parashar

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Sat Paul Parashar
S P Parashar.jpg
Born Punjab
Residence Bahrain
Nationality Indian
Citizenship India
Education Faculty of Management Studies
Delhi School of Economics
University of Delhi
Employer Bahrain Institute of Banking and Finance
Known for Financial management
business education administration
Partner(s) Renu Parashar
Parent(s) Ram Chand and Agyawanti

Sat Paul Parashar is an Indian financial management expert and business education administrator. He sits on the boards of a number of corporations and management institutions.[1] He has contributed to many business and management schools, corporates and banks in Asia and the Middle East, notably in India, Singapore, Nepal, the United Arab Emirates, Bahrain, Oman, and Qatar. He was appointed to the highest level academic post, directorship, at the Indian Institutes of Management, one of the highest ranked business schools in India, in 2004[2] and was also the director of the Indian Institute of Management in Indore, India from 2004 to 2008.


Parashar holds an M.Com from Delhi School of Economics (1971) and obtained his PhD from the Faculty of Management Studies, University of Delhi (1981). His doctoral thesis was titled "Liquidity Management in Selected Indian Companies".[3]


Parashar is head of the Banking Center at the Bahrain Institute of Banking and Finance (BIBF).[4] Parashar was the head of the Research and Studies Department, Emirates Institute for Banking and Financial Studies, Sharjah, United Arab Emirates from 1999 to 2004. Parashar holds the IFCI Golden Jubilee Chair Professor of Finance at the Management Development Institute. Prior to this, he was associate professor of Finance at the Xavier Labor Relations Institute, Jamshedpur and faculty at the University of Delhi.[5]


Parashar was rated ‘Academic Par Excellence' in 2003 at the Emirates Institute for Banking and Financial Studies. His interview was published in The Times of India (July 11, 2005) and it was titled, ‘A Jewel in the IIM Crown’ highlighting his transformation and turnaround of IIM Indore in a short time frame.

Corporate positions[edit]

Parashar has been appointed or nominated on the board of the following academic institutions and corporations for his expertise in the field of finance, management, and education administration:


He has published over 40 papers in academic journals and has authored or co-authored several books. He is a member of the editorial boards of the Indian Journal of Finance and Research, the Journal of the Indian Financial Management Association,[23] and the International Journal of Business Competition and Growth.

Selected journal articles[edit]

  • Adam J. Sulkowski, S P Parashar, and Lu Wei, Corporate Responsibility Reporting in China, India, Japan and the West: One Mantra Does Not Fit All, New England Law Review. Vol 42, 2008, pp 787–808.
  • S P Parashar and S. Venkataramanaiah. Operationalisation of an auto cluster project: Indian experience International Journal of Indian Culture and Business Management, Vol. 1, No. 4, 2008, pp 475–485.
  • S Venkataramanaiah and S P Parashar, Enhancing the competitiveness of SMEs through industrial clusters: The Indian experience’, International Journal of Technology Management and Sustainable Development 6: 3, 2007, pp. 227–243.
  • S P Parashar, Winning over Equals: Insights from Bhagwad Geeta (Krishna-Arjuna Framework) International Journal of Indian Culture and Business Management, Vol. 1, No.3, 2008, pp. 354 – 359.
  • S P Parashar, Financial Management Practices in Selected Indian Companies, ICWAI Research Bulletin, Bi-annual Number of the Institute of Cost and Works Accountants of India, July–December,1999, Volume No. XVIII, PP 11–28
  • S P Parashar, Cost and Productivity of Capital in Indian Companies, Indian Management, Journal of the All India Management Association, May 1985, Volume 24, No.5, PP 30–34
  • Madhu Tyagi, S P Parashar, Financial Performance of Public Sector Tourism Companies, Journal of Management Development Institute, Jan–June, 1996
  • S P Parashar, Aftermath of Tondon Guidelines, Indian Management, Journal of the All India Management Association, December, 1984, Volume 23, No.12, PP 4–8 S P Parashar, Mehrotra Committee Report on Insurance Sector Reform in India - A Review, Indian Journal of Finance and Research, January 1994, Volume IV, No. 1, PP 81–88
  • S P Parashar, Privatisation: The Berlin- Chemie Way – A Case Study, Vision The Journal of the Management Development Institute, July–December 2000, Volume 4, No.2, PP 63–66
  • S P Parashar, Western Engineering Company Ltd. - When Two Worlds Collide-A Transfer Pricing Case, Chartered Accountant, Journal of the Institute of Chartered Accountants of India, May, 1997
  • S P Parashar, Evaluating Company Liquidity- A New framework, Chartered Accountant, Journal of the Institute of Chartered Accountants of India, November, 1984, Volume XXXIII, No.5, PP 403–408
  • S P Parashar, A New Look at Corporate Liquidity, Indian Management, Journal of the All India Management Association, May 1984, Volume 23, No. 5, PP 23–25
  • S P Parashar, Liquidity Management in Indian Industries- Sectoral Trends, Indian Economic Almanac, Journal of the Indian Economic Association, June, 1982
  • S P Parashar, Jackson Electric Company Ltd. -A Strategic Cost Management Case Analysis, Chartered Accountant, Journal of the Institute of Chartered Accountants of India, March, 1997
  • S P Parashar, “Operational Efficiency will be the Key Determinant of Success of Financial Institutions in the Next Century”, Vision Journal of Management Development Institute, January–June, 1998
  • S P Parashar, Financial Reforms in India- Vision 2010, MAIMS Journal of Management, April 2006
  • S P Parashar, What kind of Management Control System Does National Thermal Power Corporation Need? Journal of the Institute of Public Enterprises, 1992

Other publications[edit]

  • Book: S.P.Parashar, Liquidity Management, Principles & Practices of Managing Cash Flow, Vision Books, New Delhi, 1986.
  • Book: S P Parashar & Hassan Aboutahir, WTO Agreements on Financial Services- Implications for UAE Banks.
  • Book: Qasrawi Sophia / S.P.Parashar, Foreign direct investment strategic options for the UAE.
  • Book: S P Parashar, Indian Section in International Dictionary of Management by Hono Johannsen and G. Terry Page, Vision Books, New Delhi, 1983.
  • Book Chapter: Teaching of Financial Management in India- Retrospect and Prospect.

In the Book: Abraham and Bhushan (Ed.) Management Strategies for the Changing Scenario, Association of Indian Management Schools, 1993.

  • Book Chapter: Recent Developments in International Capital Markets- Implications for Corporate Financing In the Book: Gupta, et al. (Ed.) Corporate Financing- Emerging Options, Anmol, Delhi, 1991.
  • Case study: S P Parashar, Benchmarking for Quality in Distance Education- A Case Study of Management Programs of IGNOU (Indira Gandhi National Open University), in Koul (Ed.), Structure and Management of Open Learning Systems, IGNOU, 1995
  • S P Parashar, Nationals in Credit Head Positions in UAE Banks- A Survey.
  • S P Parashar, Z Score of UAE Companies.


  1. ^ "Intellect Ltd". Retrieved 2009-09-20. 
  2. ^ "Parashar to be IIM Indore's new full time director - India - NEWS - The Times of India". The Times of India. 2004-03-28. Retrieved 2009-09-20. 
  3. ^ "Management and Faculty". BIBF. 2005-07-11. Archived from the original on February 15, 2009. Retrieved 2009-09-20. 
  4. ^ "Management and Faculty". BIBF. Retrieved 2009-09-20. 
  5. ^ (PDF) Archived from the original (PDF) on October 8, 2010. Retrieved September 16, 2009.  Missing or empty |title= (help)
  6. ^ "Power Finance Corporation Limited". 2007-11-13. Retrieved 2009-09-20. 
  7. ^ "icici-pro2" (PDF). Retrieved 2009-09-20. 
  8. ^ "Power Finance Corporation Limited : Draft Red Herring Prospectus" (PDF). Retrieved 20 February 2015. 
  9. ^ "Company Profile". Reliance Money. Retrieved 2009-09-20. 
  10. ^ "BEL pays 106 per cent dividend". 2006-03-31. Retrieved 2009-09-20. 
  11. ^ "Bharat Electronics Limited| BEL gets nine independent directors". 2006-06-29. Retrieved 2009-09-20. 
  12. ^ "School Of Good Governance & Policy Analysis". Retrieved 2009-09-20. 
  13. ^ IFIM B School - one of the premier business schools in India. "IFIM Governing Board: Sanjay Padode, V.B. Padode, Dr. R.S. Nirjar, Dr. S.P. Parashar, Dr. Devi Singh, Mike Shah, Sanjay Gupta". Retrieved 2009-09-20. 
  14. ^ "Acknowledgements : The Fourth Madhya Pradesh Human Development Reort" (PDF). Retrieved 20 February 2015. 
  15. ^ (PDF) Archived from the original (PDF) on June 6, 2012. Retrieved September 16, 2009.  Missing or empty |title= (help)
  16. ^ [1][dead link]
  17. ^ "Final Report of Group for Management Institutions" (PDF). Retrieved 20 February 2015. 
  18. ^ [2][dead link]
  19. ^ "". Retrieved 2013-09-21. 
  20. ^ "International Advisory Board" (PDF). Retrieved 20 February 2015. 
  21. ^ [3] Archived August 26, 2009, at the Wayback Machine.
  22. ^ "Kcmt College". Archived from the original on September 22, 2009. Retrieved 2009-09-20. 
  23. ^ "Indian Journals". Indian Journals. Retrieved 2009-09-20. 

External links[edit]