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Sanjay Mansabdar

Quick facts

Mr. Sanjay Mansabdar is a Professor of Practice at Mahindra University with global experience managing multi‑asset and derivatives trading businesses at international banks and asset managers, and as an entrepreneur in tech‑driven ventures in education and agriculture. He holds a Ph.D. in Economics and Finance from BITS Pilani (thesis on embedded location options in Indian agri‑futures), a PGDBM (Finance & Marketing, silver medallist) from XLRI Jamshedpur, and a B.Tech in Mechanical Engineering from IIT Bombay, and has worked in senior roles at Bank of America (Head, Asia interest‑rate trading), J.P. Morgan, ICICI Securities, hedge funds, and NCDEX while founding startups like Dvara E‑Registry and ClearConcepts, with research interests in computational finance, commodity derivatives, AI in finance, and agricultural economics.

Publications

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Research

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Sanjay Mansabdar

Professor of Practice

Mr. Sanjay Mansabdar is a senior multi-faceted professional with worldwide experience in managing trading business spanning multiple asset classes and derivatives at international banks and asset managers. He is an entrepreneur with experience in building technology driven startups in the social sector including education and agriculture. He also has experience in academia with published research and teachings in financial markets and data science with a strong interest in research, teaching, innovation and entrepreneurship.

  • Ph.D. Economics and Finance, BITS Pilani, Hyderabad: (Jan 2017 – Mar 2022)
    Thesis on the impact of Embedded Location Options on Agricultural Commodity Futures in India.
  • PGDBM, XLRI, Jamshedpur. Silver Medallist, specialization in Finance and Marketing: (Jul 1992 – Apr 1994)
  • B. Tech., IIT Bombay, Mumbai. Mechanical Engineering: (Jul 1987 – May 1991)

Publications
  • Mansabdar, S. & Yaganti, H.C. (2023). “Optimizing Hedging Effectiveness of Indian Agricultural Commodity Futures: A Simulation Approach”. Asia Pacific Financial Markets, 30, 13–36. https://doi.org/10.1007/s10690-021-09355-3 [ Second Best Paper at SEBI Capital Markets Conference]
  • Mansabdar, S., Yaganti, H.C. & Basu, S. (2022). “The impact of embedded location options on price discovery of agricultural futures contracts – the evidence from the Chana contract”. Journal of Indian Business Research, 14(3), 301-318. https://doi.org/10.1108/JIBR-03-2021-0112
  • Mansabdar, S., & Yaganti, H. C. (2022). “Price Discovery in the Presence of Embedded Location Options: The Evidence from Chana Contracts in India”. Business Perspectives and Research, 0(0). https://doi.org/10.1177/22785337221098270
  • Afshar, M.H., Foster, T., Higginbottom, T.P., Parkes, B., Hufkens, K., Mansabdar, S., Ceballos, F. & Kramer, B. (2021). Improving the Performance of Index Insurance Using Crop Models and Phenological Monitoring. Remote Sensing, 13(5):924. https://doi.org/10.3390/rs13050924
  • Mansabdar, S., & Yaganti, H. C. (2020). “Heterogeneity of Cash Markets at Physical Delivery Points and the Hedging Effectiveness of Agricultural Commodity Futures in India – Lessons for Contract Optimization”. Applied Finance Letters, 9(SI), 79-89. https://doi.org/10.24135/afl.v9i2.239 [Second Best Paper at SEBI – NISM Conference]
  • Mansabdar, S., & Yaganti, H. C. (2020). “Valuing the quality option in agricultural commodity futures: a Monte Carlo simulation-based approach”. arXiv preprint arXiv:2006.11222.
  • Mansabdar, S. (2019). “Case Study: Dvara E-Registry – Leveraging Technology to Enhance Credit and Insurance Delivery to Small and Marginal Farmers in Odisha.” Livelihoods India Case Studies Compendium. [ Third Best Case Study at Sitaram Rao Case Study Competition] Available at https://livelihoods-india.org/wp-content/uploads/2022/08/sitaram-case-study-compendium-2019.pdf

Professor of Practice, Mahindra University: (August 2023 – present)

  • Professional Work Experience:
    Founder, Dvara E-Registry Pvt Ltd.
    Startup for agri-finance using Satellite Data, Image Processing and AI: (Apr 2018 – Nov 2022)
  • Product, Markets and Risk Consultant. NCDEX, Mumbai Market and product design and optimization for Futures and Option Products: (Apr 2015 – Mar 2018)
  • Product and Markets Consultant, DGCX, Dubai Product and markets design and optimization of Currency, Interest Rate and Gold Futures: (Feb 2012 – Jan 2013)
  • Founder, ClearConcepts Knowledge Services Pvt Ltd., Hyderabad. Ed tech startup in the area of online test preparation: (Feb 2010 – Aug 2015)
  • Director/ Consultant, Allegro Advisors, Bangalore. Established asset management, execution and family office business: (Sep 2006 – Aug 2015)
  • Principal, Azura Capital Advisors, Singapore. Portfolio Manager for Asia Focused Macro Hedge Fund: (May 2004 – Aug 2006)
  • Principal, Bank of America, Hong Kong. Head of Interest Rate Trading, Asia responsible for Bonds, Swaps, Options and Structured Products trading: (Jul 2001 – April 2004)
  • Vice President, J.P Morgan, Tokyo & Mumbai. JGB OTC and Exchange Traded Options bookrunner. India Management Committee, Head of India Interest Rate Trading and Primary Dealer in India Government Securities: (Apr 1998 – Jun 2001)
  • Manager, ICICI Securities Primary Dealer, Government Bonds Trading: (Mar 1995 – Mar 1998 )
  • Asst. Manager, Citibank, Mumbai Worldwide Securities Services: (Apr 1994 – Feb 1995)
  • Senior Officer, TISCO, Jamshedpur TISCO Design Shop – in house design of Capital Equipment: (Jul 1991 – Jun 1992)

Dr. Mansabdar’s research is in the area of Computational Finance, Commodity Derivatives, AI applications to Finance and Agricultural Economics.

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