Faculty Details
Dr. Aditya Rai
HOD & Additional Professor Department of Commerce
- Ph.D., Financial Performance Analysis of Power Generating Companies in India, Sikkim Central University, 2020
- NET, Commerce, UGC, 2017
- M.COM, International Business Operations, IGNOU, 2016
- PGDIBO, International Business Operations, IGNOU, 2015
- NET, Management, UGC, 2012
- MBA, Finance, SMU, 2011
- B.COM, Accountancy, St Joseph's College, NP, 2009
- ADFA, Financial Accounting, LCA, 2008
- Financial Education for Young Professionals - Investment Planning, Capital Markets, and Mutual Funds, NISM, 2026.
- Fundamentals of Equities - Online Certification, Interactive Brokers, October 2025.
- Young Leadership Development Programme - Faculty Development Programme, Sikkim Manipal University in collaboration with People's Business, 2024.
- Security Analysis and Valuation: Fundamental, Technical Approaches and Research Report Writing - Faculty Development Programme, NISM, Mumbai, 2026.
Certifications and Professional Training
- ICFAI University Sikkim, Guest Lecturer, Teaching, 2012-2014
- Vinayak Missions Sikkim University, Guest Faculty, Teaching, 2012-2014
- SMART Academy SMU Learning Centre, Guest Faculty, Teaching, 2012-2013
- Regal Institute of Management Studies, Guest Faculty, Teaching, 2012-2013
- Sikkim Manipal University: Directorate of Distance Education, University Approved Faculty, Examiner and Teacher Guide, 2015-2017
- ICFAI University Sikkim, Lecturer, Teaching, 2014-2016
- Department of Humanities & Social Sciences, SMU, Guest Faculty, Teaching, August 2017-25th September 2017
- Airtel, Junior Accountant, Accounting, 2009 (3 months)
- Peerless Securities, Authorized Person (Registered Sub Stock Broker, BSE/NSE), Stock Sub Broker, 2014-2016
- HDFC Life, Certified Financial Planner, Financial Advisor, 2013-2016
- SBI RSETI, Resource Person, Trainer, 2017-2019
- Faculty of Humanities Social Sciences & Liberal Arts, SMU - Assistant Professor, Teaching 25th September 2017- 31st December 2023
- Faculty of Humanities Social Sciences & Liberal Arts, SMU - Associate Professor Teaching 1st January 2024- 31st March, 2026
- School of Humanities, Social Sciences and Liberal Arts, SMIT, SMU- Additional Professor- 1 April 2026-Present
- Department of Commerce, School of Humanities Social Sciences and Liberal Arts, SMU Head of Department Administrative 2025-Till date
- Excellence in Teaching Award by Sikkim Manipal University (2019).
- Felicitation on successfully completion of PhD. By Kirati Khambu Association, Kalimpong (2022).
- Felicitation on successfully completion of PhD. By Kirati Khambu Association, Pedong (2022).
- Felicitation on successfully completion of PhD. By Sri Satya Sai Organization (2022).
- Best Paper Award 2025 in the International Conference.
- Certificate of Excellence by NISM (2026).
- Presented a Paper titled "A Comparative Analysis between the power generating companies using thermal and other renewable source of energy" in the International Conference on Sustainable Business Management and Information Technology jointly organized by Department of Management, Mizoram University and North Eastern Management Association (NEMA), 2019.
- Presented a Paper titled "Power Generating Companies in India: Issues and Challenges" in the 3rd International Conference on Global Business and Social Issues organized by Department of Business Administration, Assam University, Silchar, India, 2020.
- Participated in the Workshop titled "Design Thinking" held in Sikkim Manipal University, 2020.
- Participated in the national seminar titled "Management of Demonetization: Challenges and Opportunities" and presented a paper titled "Demonetization: An Assessment".
- Participated in the national seminar titled "Business and Management: Changing Dynamics" and presented a paper titled "Neuro-finance: An Evolution of New Concept in Finance".
- Participated in the seminar titled "The Role of IT & Management towards the Development of Society: Now & into the Future" and presented a paper titled "Basics of Stock Market and Trading".
- Participated in a Workshop on Investors Awareness in North-East India at Department of Management, Sikkim University in collaboration with Bombay Stock Exchange Ltd., November 22, 2013.
- Participated in a Workshop on Case Study Methodology at ICFAI University Sikkim in collaboration with IBS Case Research Centre Hyderabad, June 17-19, 2015.
- Participated in a Workshop on Emerging Trends in Commerce and Accounting at Department of Commerce, Sikkim University in collaboration with Board of Studies, The Institute of Chartered Accountants of India (ICAI), New Delhi.
- Participated in a Workshop on Microsoft Excel Advanced Workshop at Department of Commerce, Sikkim University.
- Participated in a Workshop on ICSSR Sponsored Ten Days Workshop on Research Methodology for Ph.D. Students in Social Sciences at Department of Management, Sikkim University in collaboration with Indian Council of Social Science Research.
- Participated in a Workshop on Systat & Sigma Plot at Department of Commerce, Sikkim University in collaboration with Starcom Information Technology Limited, Bangalore.
- Participated in a Faculty Development Program on Academic Leadership at SMIT.
- Teaching, Department Library-in-Charge, Entrepreneur Development Cell (Coordinator), NCCMP (Course in charge).
- Head of Department, Department of Commerce
- Teaching
- Teacher Guardian, B.Com 2nd Year
- Coordinator, Entrepreneurship Development Cell
- Chairperson, Career Counselling Cell
- Program In-charge, National Certification in Capital Market in collaboration with NISM, Mumbai
- Departmental Research Committee Member
- Departmental NAAC Team Member
- IRC Member
- BOS Member
- Supervising Six PhD Scholars
- Article entitled Chinese Currency Devaluation: Impact on Indian and Global Markets published in IUP, Portfolio Organizer (Financial Magazine), Dr. Aditya Rai.
- Article entitled A Comparative Study on Financial Performance of Power Generating Companies in India published in JACR 8(4) 2019, 12-27 (ABDC Indexed Journal), UGC CARE List, Dr. Aditya Rai.
- Article entitled A Study of Seasonality and its impact on the Income from Operations of Power generating companies in India published in Journal of the Social Sciences 48(4) (Scopus Index Journal), Dr. Aditya Rai.
- Article entitled A Comparative Analysis between the Government and Privately owned Power generating companies listed in the Bombay Stock Exchange of India published in International Research Journal of Commerce, Arts and Science 15(1), 181-194, Dr. Aditya Rai.
- Article entitled Risk Reward ratio and its relationship with the selected trading system published in International Research Journal of Management Sociology & Humanities 15(1), 271-280, Dr. Aditya Rai.
- Article entitled Impact of Corporate Governance and Technology Innovation on ESG Score and Profitability of Companies Listed in Nifty FMCG Index published in Empirical Economics Letters, Dr. Aditya Rai.
- Article entitled Performance Analysis of Combined Technical Indicators in ESG-Compliant Stocks: A Sectoral Analysis of the Indian Stock Market published in Empirical Economics Letters, Dr. Aditya Rai.
- Article entitled Impact of Education Level and Behavioural Biases on ESG Investment Choices among the Residents of Gangtok published in Empirical Economics Letters, Dr. Aditya Rai.
- Article entitled Financial Performance Evaluation of Private Banks Listed in Nifty Bank Index: A Decadal Study using the CAMEL framework published in Technology Information Management Entreprenuership Review, Dr. Aditya Rai.
- Article entitled Exploring Loan Growth Determinants of Indian Banks Listed in The Nifty Bank Index published in South India Journal of Social Sciences, Dr. Aditya Rai.
- Article entitled Asset Quality and Profitability of Listed Private and Public Sector Banks in India: A Comparative Analysis published in IUP Journal of Applied Economics, Dr. Aditya Rai.
- Article entitled Capital Structure and Share Price Volatility: A Study of Indian Power Sector Companies published in Journal of Business Management, Commerce & Research, Dr. Aditya Rai.
- Article entitled Financial Performance: Evidence- from Banks Listed in Bank Nifty (2015-2025) published in Journal of Business Management, Commerce & Research, Dr. Aditya Rai.
- Article entitled Trump 2 Import Tariffs Hike in the US: Bane or a Boon published in Investing.com, Dr. Aditya Rai.
- Article entitled Beta-Based Stock Price Forecasting: Relevance from Selected Indian Sectorial Indices published in Empirical Economics Letters 2026/6, Dr. Aditya Rai.
- A Comparative Analysis Between the Power Generating Companies Using Thermal and Other Renewable Sources of Energy published in Sustainability and Business Management (ISBN No- 9789388237871), Excel India, Dr. Aditya Rai.
- Neuro-Finance: An Emerging Concept in finance published in IIP Series, Volume 3, Book Part, Chapter e-ISBN: 978-93-5747-805-2, Dr. Aditya Rai.
- Power Generating Companies in India: A Financial Perspective published by Notion Press, ISBN: 97988923351, Dr. Aditya Rai.
- Impact of Annual Reports in the Share Price and Its Volatility, ISBN: 9798892771443, Dr. Aditya Rai.
Articles
Book Chapters
Books
