CURRICULUM VITAE. Indian Institute of Management, Indore (IIM-I) Associate Professor, Finance & Accounting

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CURRICULUM VITAE Name: Organisation: Designation: Dr. VRAJLAL K. SAPOVADIA Indian Institute of Management, Indore (IIM-I) Associate Professor, Finance & Accounting Birth Date: 28 th March 1957 Contact Details: Residence: Dr. V. K. Sapovadia V-20, IIM Faculty Quarters, IIM, Rau, Indore 453 331, M.P., India Permanent:A-48 Snehdeep Society, Address Jivraj Park, AHMEDABAD 380 051 Office: Faculty Block A, IIM Indore, Rau, Indore, 453 331, M.P., India Phone: E-mail: URL: 0731-4228531 (O) 0731-4228820 (R) +919755552450 (M) sapovadia@iimidr.ac.in prof_sapovadia@yahoo.co.in www.iimidr.ac.in http://ssrn.com/author=470339 Family: Married to Nita, a home maker Daughter Dr. Sweta, MBA, Lecturer at RCI, NCUI, Gandhinagar Son Kandarp, PGDRM (IRMA), Senior Marketing Executive, AMUL Son Akash, studying B.E. Father, Mother Retired farmer

Academic Details: Particulars Year University/Institution Class 1995 Gujarat University Second 1996 IGNOU First 1998 ICAI Second LL.M. (Commercial Law) M.B.A. F.C.A. (Chartered Accountant) LL.M. (Property Law) Ph.D. DISA Professional Experience: 1999 2004 2006 Gujarat University Saurashtra University ICAI First - - Currently Associate Professor In Finance & Accounting area at IIM, Indore, M. P. India B.K. School of Business management, Gujarat University, Ahmedabad, India (2005-2008) NATIONAL INSTITUTE OF COOPERATIVE MANAGEMENT, Gandhinagar, Gujarat, India (1999-2005) As a Practicing Chartered Accountant (1998-2005) Practice in Taxation, Audit & Management Consultancy. Audit of Companies, Cooperatives (banks, credit, marketing, processing), Banks, Insurance Companies and other type of business entities Independent Management Consultant (till 1998) Consultancy provided to small & medium size units, from concept to commissioning the unit Affiliation: Fellow Member ICAI, India Guide Micro Finance community, Development Gateway, USA Observer Member, ALNAP, UK Consultant World Bank Consultant Asian Development Bank Academic & administrative exposure: 1. Teaching/training at MBA/PGDBM/Executives PGP/Corporate & government Executives/ICAI/ICSI 2. Designing course for universities/industry specific modules

3. Represented for BK School & NICM at AICTE, UGC, State education departments 4. Established partnering with ICAI, World Bank, Development Gateway, UNDP, ALNAP, GDN 5. Experience for training before various level of executives, delivered talk on various topics in Finance, Law, Accounting, Management, Cooperatives 6. Lead Facilitator/certified trainer with World Bank Institute, Washington DC, USA in its Public Finance course (2003-06) 7. Guide at DG Foundation on Micro Finance 8. Observer Member at ALNAP, UK 9. Resource person for ICAI, New Delhi for its Corporate Law committee, MBF & Business Valuation course 10. Resource person for SPIPA a Government of Gujarat training unit 11. Members of various administrative/academic committee at different institutes 12. Member of Committees at NICM Library, Student, Examination, MDP 13. Member/coordinator at BK School in committees AICTE, UGC, Research, Library, Placement, Port Program, infrastructure etc. 14. Liasioning/representation with various government departments 15. Administrative responsibilities at IIM Indore International Exposure: Visited: Germany, Austria, Switzerland, France, Dubai, Japan, Thailand, Sri Lanka, USA, Canada, Vietnam Lead Facilitator with WORLD BANK, Course facilitator in World Bank Institute, web course: Intergovernmental Relations, Decentralization and Public Finance (2003-2006) Seminar director in International conference by NICM & Global Development Learning Network, World Bank Institute on Poverty reduction strategies through cooperatives (April 2003) International Papers Presented/Fellowship winner: 2009 London Business School, Aditya Birla Case Study Initiative, on Product, Delivery & Service differentiation: Case Study on einfochips Finalist, won Rs. 100,000

Cooperatives in new millennium, Europe Study tour by ICAI Meringen, Switzerland - July 2000, won fellowship from GSCB Fishermen Cooperative A tool for socio-economic development, IIFET, Tokyo University, Japan July 2004, won fellowship from IIFET Optimizing Decision Model: Empirical study of successful and vanished organization, ICA Research Conference, Chiang Mai, Thailand November 2004, won fellowship from JCCI NDDB a case study on woman empowering women in dairy cooperatives, ICA Research Conference, Colombo, Sri Lanka August 2006, won fellowship from JCCI A Critical Study of Urban Land Ownership by an Individual vis-àvis Institutional Based Ownership - The Impact of type of ownership on Spatial Growth, Efficiency & Equity: A case study of Ahmedabad, Urban Research Symposium, World Bank, Washington DC, USA May 2007, won fellowship from World Bank, SIDA Evaluating Effectiveness among Cooperatives vis-à-vis other Social Institutes A case study of NABARD s Rural Innovation Fund and Rural Infrastructure Development Funds and Micro Financing Schemes, Canada Congress 2007, Saskatoon University, Canada June 2007, won fellowship from CIDA, Saskatoon University Evaluating Effectiveness among Cooperatives vis-à-vis other Social Institutes A case study of NABARD s Rural Innovation Fund and Rural Infrastructure Development Funds and Micro Financing Schemes, Victoria University, Canada 1st CIRIEC conference October 2007 won fellowship from CIDA, Victoria University Good Cooperative Governance as a Tool to withstand Urban Coop Bank Crisis A Case Study of Rajkot Nagarik Coop Bank, India presented at ICA conference at Vietnam, won fellowship from JCCI Visiting/Guest faculty: Sardar Patel Institute of Public Administration, Government of Gujarat Training Centre, Ahmedabad Institute of Indian Bankers, Gandhinagar Institute of Chartered Accountants of India, Ahmedabad Institute of Companies Secretaries, Ahmedabad Institute of Cost & Works Accountants, Ahmedabad School of Commerce, Gujarat University, Ahmedabad

Sardar Patel University, Vallabh Vidyanagar Nirma Institute of Management, Nirma University, Ahmedabad National Institute of Design, Ahmedabad IES, Bhopal Publications: (Selected) Cyber-Law in Commerce 2000 Souvenir published by College of Gujarat Law Society Case Study on Financial Ratios of Shri Rajkot District Central Cooperative Bank Ltd., Rajkot Case study on AMUL, Anand (largest cooperative dairy in Asia) Case study on Warananagar Cooperative complex Research paper: Construction of farm roads by farmers cooperatives from local material, labour and technology Cooperative and Taxation, Supreme Court of India on Cooperatives and many other publications Labor Laws: HARVARD INTERNATIONAL REVIEW, June 2004 Supreme Court of India on control of HIV/AIDS, Legal means to curb HIV/AIDS, contribution in e-conference of World Bank, 2003 Fisherman Cooperatives: Socio Economic Tool for Development, Tokyo University, IIFET, 2004 (award winner) Optimizing Decision Model: Empirical study of successful and vanished organisation, ICA Bangkok, 2004 Cooperatives and Taxes, NHCF, New Delhi Core Labor Standards: Impetus and pre-requisite for FDIs, GDN, USA Gender & Equity, Women in Panchayati Raj Institute, World Bank Institute Decentralisation & Panchayati raj Institute, NICM BULLETIN Micro Finance, NICM BULLETIN (Series of 5 articles) Corporate Governance and Accounting Standards Urban Development, MDG and Housing Cooperatives Labor Laws Harvard International Review NDDB a case study on woman empowering women in dairy cooperatives. Paper presented (award winner) at ICA, Colombo, Sri Lanka Forrest in India Research by World Bank Team- NICM Bulletin (2006)

Competitiveness of Indian Business and Legal Framework IIM Kozhikode, International Conference on Competitiveness Indian Fisheries Cooperatives Vis-À-Vis Achieving MDGs (A Study On Fishermen s Cooperatives Performance Measurement, IIFET 2006 Optimizing Ocean Management for better Fisheries and Balancing the Ecosystem through Two Layer Fishermen Cooperatives IIFET 2006 A Critical Study of Urban Land Ownership by an Individual vis-àvis Institutional (or Community) Based Ownership - The Impact of type of ownership on Spatial Growth, Efficiency and Equity: A case study of Ahmedabad, India (Paper selected and award winner at Urban Symposium 2007 Washington DC, USA, to be presented in May 2007) Pillars of Micro Finance A tool to socio-economic development, NICM Bulletin, India & Development Gateways, USA NDDB a case study on woman empowering women in dairy cooperatives NICM Bulletin, India Evaluating Effectiveness among Cooperatives vis-à-vis other Social Institutes A case study of NABARD s Rural Innovation Fund and Rural Infrastructure Development Funds and Micro Financing Schemes, paper selected for presentation at Canada Congress, Saskatoon University, Canada. Comparative Analysis of Accounting Standards vis-à-vis Corporate Governance Practice in India vs. China, working paper Appraisal of Accounting Standards vis-à-vis Corporate Governance Practices in Contending Potential Super Power Nations (India, Japan, Germany, Brazil, South Africa), ongoing study. "Understanding the System and Process as an Instrument to Curb Corruption: Transformation Experiences from India" Good Cooperative Governance as a Tool to withstand Urban Coop Bank Crisis - A Case Study of Rajkot Nagarik Coop Bank, India Cooperative Social Responsibility Audit: Strategy or Compulsion? The Emerging Trend of Indian Cooperatives (Accepted for presentation in Research Conference by ICA Europe, paper will be presented in October 2008, Italy, recipient of partial grant from ISSAN, Italy) Good Cooperative Governance as a Tool to withstand Urban Coop Bank Crisis - A Case Study of Rajkot Nagarik Coop Bank, India

(Accepted by ICA Asia Pacific for Research Conference in Vietnam, paper presented in Hanoi, December 2008] Value, Kinetic & Safety Fund for Corporate: Lessons Learnt From Economic Crisis & All Time Answer To the Bailout [WPS, SSRN] Is Blood Thicker & Scorching Than Water? Appraising Corporate Governance Practices of top Indian Companies With Special Emphasize on Family Based Business Houses [WPS, SSRN] Is blood thicker than water? Appraising adequacy of Indian Corporate Governance Framework for family based companies: A case study on Satyam Computer Services Research Focus: Corporate Governance Accounting Standards IFRS, US GAAP Cooperatives & Cooperative Governance Micro Finance CSR Legal Environment