MUKESH AHIRRAO

@ghribmjal.raisoni.net

Assistant Professor, Department of Management
G H Raisoni Institute of Engineering and Business Management

MUKESH AHIRRAO


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https://researchid.co/mukeshahirrao
I am highlighting my journey as an accomplished professional and researcher in management and academics imparting knowledge and expertise through teaching various courses such as Finance Management, Managerial Economics, Accountancy, Marketing Management, and Marketing Research & Analysis. My scholarly contributions are evident through research papers published in both national and international journals, covering a wide array of management topics.

EDUCATION

Ph.D, MBA, M.Comm, B.Comm

RESEARCH, TEACHING, or OTHER INTERESTS

Business, Management and Accounting, General Business, Management and Accounting, Accounting, Marketing
3

Scopus Publications

60

Scholar Citations

4

Scholar h-index

3

Scholar i10-index

Scopus Publications

  • Digital Transformation and Market Microstructure: Analyzing the Impact of Algorithmic Trading on National Stock Exchange of India Price Discovery Mechanisms Through Complex Systems Theory
    Mukesh Bhaskar Ahirrao, Harshal Anil Salunkhe, Vishal Sunil Rana
    Northeast Journal of Complex Systems, 2026
    This research examines the evolution of market microstructure at the National Stock Exchange of India (NSE) from 2020 to 2024, a period characterized by substantial growth in algorithmic trading from 35% to 44% of total trading volume. Using market microstructure data and analytical techniques grounded in complex systems perspectives, the study documents temporal patterns in price discovery, liquidity, volatility, and market efficiency associated with this digital transformation. The analysis reveals several notable changes in market characteristics. Transaction costs improved significantly, with bid-ask spreads declining by 23.4% and market depth increasing by 18.1%. Price adjustment half-life decreased by 50%, indicating faster information incorporation. However, market efficiency dynamics exhibited non-linear progression. Hurst exponent analysis shows markets initially moved toward random walk behavior (0.524 to 0.503, 2020-2022) before shifting to mean-reverting patterns (0.495-0.487, 2023-2024), challenging assumptions of monotonic efficiency gains. Network clustering coefficients increased by 23.5%, potentially reflecting strategy homogeneity rather than systemic interconnection. GARCH modelling revealed increasing volatility persistence, with parameters approaching unity. While average liquidity improved, liquidity variability during stress periods increased by 34%, and flash-event-like occurrences were more frequent during high algorithmic activity periods. Critically, these patterns represent temporal associations rather than established causal relationships. Multiple confounding factors—including the COVID-19 pandemic, macroeconomic volatility, and regulatory changes—prevent definitive causal attribution. The findings underscore the complexity of digital market transformation in emerging economies and highlight the need for enhanced monitoring, adaptive regulatory frameworks, and further research employing stronger identification strategies to understand the mechanisms underlying observed market evolution.
  • Image Quality Analysis and Verification for Vehicle Photos Using Deep Learning
    K. Rajeswari, S.R. Vispute, Jatin Gupta, Kirti Dhadwad, Rushikesh Ghuge, M. Ashwin, Reena Kharat, Mukesh Ahirrao
    2023 7th International Conference on Computing Communication Control and Automation Iccubea 2023, 2023
    This paper offers a thorough overview of the state of the art in image quality assessment, vehicle detection, and number plate extraction. This research would serve as the foundation for building an automated system for vehicle verification in online vehicle Leasing applications. In order to accurately assess vehicle conditions, confirm vehicle identity, and guarantee compliance with rules, these duties are essential in avoiding bottlenecks that could occur during manual verification in vehicle leasing applications. The best approaches for each task are determined through a thorough examination and comparison of the available models, taking into account elements like accuracy, resilience, and real-time processing capabilities. In order to support the creation and application of effective and precise systems for picture quality evaluation, vehicle detection, and number plate extraction, this research paper seeks to serve as a useful resource for professionals working in the auto leasing industry or for other vehicle related purposes. In this Paper, We Use SRGAN(Super Resolution Generative Adversarial Network) for Image Quality Evaluation of Vehicle with Threshold Value Of 0.93 i.e Lower value than Threshold indicated Poor Image Quality And Greater Value than Threshold Indicates Good Image Quality. We also use three different pre-trained models (Inception, Xception and Mobile Net) for Vehicle Detection, where we use a “Vehicle Detection image Dataset” from kaggle containing Vehicle and Non - Vehicle Images. After Training and Testing the data set with all three models, We come into conclusion that Mobile -net give most accurate result with about 99.4% accuracy. For Number Plate Extraction we use LPRNet Algorithm which give us a mean accuracy of about 0.9.
  • Automated Multi Face Recognition and Identification using Facenet and VGG-16 on Real-World Dataset for Attendance Monitoring System
    Avadhoot Autade, Pratik Adhav, Abhimanyu BabarPatil, Aditya Dhumal, Sushma Vispute, K. Rajeswari, Mukesh Ahirrao, Snehal Rathi
    2023 7th International Conference on Computing Communication Control and Automation Iccubea 2023, 2023
    The goal of this study is to create a facial recognition-based automatic attendance tracking system. We suggested a Convolutional Neural Network (CNN) method for this system's real-time recognition and identification of many faces. For face embedding and identification, we use the FaceNet model, which has demonstrated outstanding performance in recent research. The suggested method uses a camera to take pictures of people, then extracts face traits and compares them to the database of registered users. The recognition of registered individuals is used to record attendance. The proposed system's accuracy is 75%. For single faces, the accuracy of Facenet and VGG-16 are 99.20% and 51.30% respectively.The system can be used in a number of places, including companies, colleges, and schools, where keeping track of attendance is crucial for administrative reasons. The automated attendance monitoring process of the suggested system can greatly reduce human error and save time. Furthermore, recognizing unwanted visitors helps improve the facility's security and safety.

RECENT SCHOLAR PUBLICATIONS

  • Digital Transformation and Market Microstructure: Analyzing the Impact of Algorithmic Trading on National Stock Exchange of India Price Discovery Mechanisms Through Complex …
    MB Ahirrao, HA Salunkhe, VS Rana
    Northeast Journal of Complex Systems (NEJCS) 8 (1), 9 , 2026
    2026
  • A Comprehensive Review of The Application of AI And IOT In Transforming Financial Markets: Evidence from Secondary Data
    MB Ahirrao, VS Ran, SB Patil
    International Engineering Journal for Research & Development 9 (GHRIEBM), 8 , 2024
    2024
  • Automated multi face recognition and identification using facenet and vgg-16 on real-world dataset for attendance monitoring system
    A Autade, P Adhav, A BabarPatil, A Dhumal, S Vispute, K Rajeswari, ...
    2023 7th International Conference On Computing, Communication, Control And … , 2023
    2023
    Citations: 10
  • Image Quality Analysis and Verification for Vehicle Photos Using Deep Learning
    K Rajeswari, SR Vispute, J Gupta, K Dhadwad, R Ghuge, M Ashwin, ...
    2023 7th International Conference On Computing, Communication, Control And … , 2023
    2023
    Citations: 1
  • Digital Transformation Device for Education Enhancement
    PSR Dr. Vishal Sunil Rana, Dr. Mukesh B. Ahirrao, Dr. Saroj B. Patil, Dr ...
    2023
  • Criteria in selection of management institute: Perspective of M.B.A. students of SSBT's College of Engineering & Technology, Jalgaon (M.S.)
    VS Rana, MB Ahirrao
    Pratibha: International Journal of Science, Spirituality, Business and … , 2022
    2022
  • Strengthening Business Resilience: A Study of Hero Motocorp Ltd in Jalgaon District.
    MB Ahirrao, VS Rana
    Pratibha: International Journal of Science, Spirituality, Business and … , 2022
    2022
  • A Comparative study of brand equity and financial performance of Indian Automobile firms listed in National Stock Exchange of India with Special referenece to Jalgaon District
    MB Ahirrao
    Department of Commerce and Management, North Maharashtra University. , 2021
    2021
  • Strengthening Business Resilience: A Study of Hero Motocorp Ltd in Jalgaon District
    MB Ahirrao, VS Rana
    Pratibha: International Journal Of Science, Spirituality, Business And … , 2020
    2020
  • Brand Equity and Its Relationship with Financial Performance: A Study With Reference To Two-Wheeler Brands India.
    MB Ahirrao, DS Patil
    International Journal of Business and Administration Research Review. 6 (1 … , 2019
    2019
  • Micro Perspective of Gold Demand: A Study of Underlying Factors
    M Ahirrao, S Patil, V Rana
    RESEARCH JOURNEY International E- Research Journal, 134 - 140 , 2019
    2019
  • BEHAVIOUR OF MOTORCYCLE USERS TOWARDS VEHICULAR AIR POLLUTION: A STUDY WITH REFERENCE TO JALGAON CITY
    M Ahirrao, VS Rana
    Advance and Innovative Research 6 (1), 102 , 2019
    2019
  • Customer Based Brand Equity In Relation to Automobile Brands: A Review of Literature
    MB Ahirrao, DS Patil
    International Journal of Scientific Research and Review (IJSRR) 7 (2), Page … , 2018
    2018
    Citations: 1
  • Customer Based Brand Equity: A Review of Literature
    MB Ahirrao, DS Patil
    International Journal of Creative Research Thoughts (IJCRT) 5 (12), Page No … , 2017
    2017
    Citations: 16
  • An overview of E-learning Tools and Analysis of its Awareness among Management Students
    M Ahirrao, DB Ahirrao, SV Vispute, L Mankumbare
    International Journal on Recent and Innovation Trends in Computing and … , 2016
    2016
  • A Study on Street Food Preparation Practices in Jalgaon City
    VS Rana, M Ahirrao
    IBMRD's Journal of Management & Research 5 (2), 27-32 , 2016
    2016
    Citations: 6
  • Awareness of Motorcycle Users towards Vehicle Air Pollution: A Study With Reference to Jalgaon City
    M Ahirrao, V Rana, S Patil
    International Journal of Engineering Trends & Technology, Page No. 478 - 481 , 2016
    2016
    Citations: 1
  • Cash Flow Statement: Comparative Analysis of Financing, Operating and Investing Activities.
    AG Paliwal, MB Ahirrao, VS Rana
    2015
  • Leverage Analysis: Measuring impact on return on equity
    SS Waykole, MB Ahirrao, VS Rana
    Pratibha: International Journal Of Science, Spirituality, Business And … , 2015
    2015
    Citations: 4
  • The Study of Internet Banking Usage: A Case study of SBI Dana Bazaar Branch, Jalgaon
    MB Ahirrao, PA Anawade, M Mali
    Pratibha: International Journal of Science, Spirituality, Business and … , 2014
    2014

MOST CITED SCHOLAR PUBLICATIONS

  • Comparative study of claim settlement ratio of LIC with other insurance companies in India
    K Minal, S Harshal A, A Mukesh B
    Indian Journal of Applied Research 3 (5), 389-391 , 2013
    2013
    Citations: 18
  • Customer Based Brand Equity: A Review of Literature
    MB Ahirrao, DS Patil
    International Journal of Creative Research Thoughts (IJCRT) 5 (12), Page No … , 2017
    2017
    Citations: 16
  • Automated multi face recognition and identification using facenet and vgg-16 on real-world dataset for attendance monitoring system
    A Autade, P Adhav, A BabarPatil, A Dhumal, S Vispute, K Rajeswari, ...
    2023 7th International Conference On Computing, Communication, Control And … , 2023
    2023
    Citations: 10
  • A Study on Street Food Preparation Practices in Jalgaon City
    VS Rana, M Ahirrao
    IBMRD's Journal of Management & Research 5 (2), 27-32 , 2016
    2016
    Citations: 6
  • Leverage Analysis: Measuring impact on return on equity
    SS Waykole, MB Ahirrao, VS Rana
    Pratibha: International Journal Of Science, Spirituality, Business And … , 2015
    2015
    Citations: 4
  • Investors or Speculators - Behavior of Stock Market Players: A Case Study of Mangal Keshav Securities Ltd Jalgaon.
    MB Ahirrao
    International Journal of Engineering Sciences & Management 4 (1), 1-5 , 2014
    2014
    Citations: 2
  • Image Quality Analysis and Verification for Vehicle Photos Using Deep Learning
    K Rajeswari, SR Vispute, J Gupta, K Dhadwad, R Ghuge, M Ashwin, ...
    2023 7th International Conference On Computing, Communication, Control And … , 2023
    2023
    Citations: 1
  • Customer Based Brand Equity In Relation to Automobile Brands: A Review of Literature
    MB Ahirrao, DS Patil
    International Journal of Scientific Research and Review (IJSRR) 7 (2), Page … , 2018
    2018
    Citations: 1
  • Awareness of Motorcycle Users towards Vehicle Air Pollution: A Study With Reference to Jalgaon City
    M Ahirrao, V Rana, S Patil
    International Journal of Engineering Trends & Technology, Page No. 478 - 481 , 2016
    2016
    Citations: 1
  • Mobile Network: A way to capital formation
    MB Ahirrao, HA Salunkhe
    Vision Research 3 (No.I, Jan-2013), 38-40 , 2013
    2013
    Citations: 1
  • Digital Transformation and Market Microstructure: Analyzing the Impact of Algorithmic Trading on National Stock Exchange of India Price Discovery Mechanisms Through Complex …
    MB Ahirrao, HA Salunkhe, VS Rana
    Northeast Journal of Complex Systems (NEJCS) 8 (1), 9 , 2026
    2026
  • A Comprehensive Review of The Application of AI And IOT In Transforming Financial Markets: Evidence from Secondary Data
    MB Ahirrao, VS Ran, SB Patil
    International Engineering Journal for Research & Development 9 (GHRIEBM), 8 , 2024
    2024
  • Digital Transformation Device for Education Enhancement
    PSR Dr. Vishal Sunil Rana, Dr. Mukesh B. Ahirrao, Dr. Saroj B. Patil, Dr ...
    2023
  • Criteria in selection of management institute: Perspective of M.B.A. students of SSBT's College of Engineering & Technology, Jalgaon (M.S.)
    VS Rana, MB Ahirrao
    Pratibha: International Journal of Science, Spirituality, Business and … , 2022
    2022
  • Strengthening Business Resilience: A Study of Hero Motocorp Ltd in Jalgaon District.
    MB Ahirrao, VS Rana
    Pratibha: International Journal of Science, Spirituality, Business and … , 2022
    2022
  • A Comparative study of brand equity and financial performance of Indian Automobile firms listed in National Stock Exchange of India with Special referenece to Jalgaon District
    MB Ahirrao
    Department of Commerce and Management, North Maharashtra University. , 2021
    2021
  • Strengthening Business Resilience: A Study of Hero Motocorp Ltd in Jalgaon District
    MB Ahirrao, VS Rana
    Pratibha: International Journal Of Science, Spirituality, Business And … , 2020
    2020
  • Brand Equity and Its Relationship with Financial Performance: A Study With Reference To Two-Wheeler Brands India.
    MB Ahirrao, DS Patil
    International Journal of Business and Administration Research Review. 6 (1 … , 2019
    2019
  • Micro Perspective of Gold Demand: A Study of Underlying Factors
    M Ahirrao, S Patil, V Rana
    RESEARCH JOURNEY International E- Research Journal, 134 - 140 , 2019
    2019
  • BEHAVIOUR OF MOTORCYCLE USERS TOWARDS VEHICULAR AIR POLLUTION: A STUDY WITH REFERENCE TO JALGAON CITY
    M Ahirrao, VS Rana
    Advance and Innovative Research 6 (1), 102 , 2019
    2019

RESEARCH OUTPUTS (PATENTS, SOFTWARE, PUBLICATIONS, PRODUCTS)

2022-23 Smart Management System for Controlling Medical Robot Beds for Preventing Bedsores Using Artificial Intelligence and Machine Learning
2023-24 Digital Transformation Device for Education Enhancement

INDUSTRY EXPERIENCE

Accounts Office, Jain Irrigation Systems Ltd, Jalgaon