FLAME University


Learning from some of the best minds in education and in the industry
Prof. Bharat Damani
Associate Professor - Entrepreneurship
Email: bharat.damani@flame.edu.in
PhD in Nurturing Social Enterprises and Entrepreneurship from IIT, Bombay; MMS in Finance; B.Tech in Mechanical

Bharat is a Mechanical Engineer from IIT Kanpur and a Master's in Finance from Welingkar Institute of Management, Mumbai. He did his doctorate from IIT Bombay, his thesis being on Nurturing Social Enterprises and Entrepreneurship.

Bharat has worked with manufacturing start-ups and scaling businesses for their fund, non-fund and strategic needs since 1986. He has experience in lending, investing, turnarounds, acquisitions, investment banking and consulting roles. Among other assignments, he has consulted various Indian and Japanese companies for joint venture partner identification, location selection, evaluating market potential, credit assessment, business valuation and exits. Bharat also mentors entrepreneurs from their product development phase to the scaling up phase.

Bharat has created The CESS Framework to help nurture start-ups and social enterprises become cash-flow sustainable. He has also created a board game, Masti - A Life Simulation Game, to create awareness about social entrepreneurship. Masti has received the following recognition:

  1. Learning Challenge Pacesetter by Ashoka Changemakers in 2014

  2. Research and learning tool by IIT Bombay in 2016

  3. Best Pedagogical Innovation Case Award 2017 by ET Cases

Bharat has been a guest/visiting faculty for finance and entrepreneurship in Mumbai and Pune since 1991. He practices engagement oriented learning through simulation and practical work.


  • ‘Krishi Direct Trade Pvt Ltd (Krishi Star) – Marketing agro-produce to create value for farmers’, a book chapter in ‘Farming Futures: Emerging Social Enterprises in India’, (eds) Ajit Kanitkar and C. Shambu Prasad. VikasAnvesh Foundation (a unit of Tata Trusts), 2019.

  • ‘Board Game as a Pedagogical Innovation for Learning Social Entrepreneurship’, Chapter in the book, ‘Management Cases in the Indian Context’ (eds) Hoshiar Mal and Niraj Mankad. ET Cases (The Times of India Group), pp 177-193, 2018.

  • Nurturing Social Enterprises using the CESS Framework’, International Conference on ‘Business Models and Social Entrepreneurship’ organized by Tata Institute of Social Sciences, Mumbai, 16-18 January 2019.

  • Introducing the CESS Framework to Nurture Social Enterprises’, South Asia Conference on ‘Business Models and Social Entrepreneurship’ organized by Tata Institute of Social Sciences, Mumbai, 17-19 January 2018.

  • ‘Use of Serious Games for Creating Awareness about Social Enterprises’, Journal of Computers in Education, Vol 2(4), pp 493-511, 2015.

  • ‘Social Change using Innovation and Technology’, Chapter in the book, 'Technology and Innovation for Social Change' (eds) Satyajit Majumdar, Samapti Guha, Nadiya Marakkath. Springer, pp 125-141, 2015.

  • ‘Social change using innovation and technology’, International Conference on ‘Technology, Innovation and Social Change’ organized by Tata Institute of Social Sciences, Mumbai, 22-24 January 2013.

  • ‘Understanding social entrepreneurship’, International Conference on ‘Revisiting Management Practices and Research for Sustainability’, organized by Rajarambapu Institute of Technology (RIT), Islampur, 22-23 February 2013.

  • ‘Understanding the enablers and inhibitors of social enterprises’, Educon Magazine, Sakal Media Group, August 2013.

Courses Taught

  1. Business Plan Development

  2. Entrepreneurial Finance

  3. Entrepreneurship and Creativity

  4. Identifying and Evaluating Business Opportunities

  5. New Venture Business Strategy

  6. Strategy Formulation and Implementation

  7. Social Entrepreneurship