Project which led to the creation of the NSE-50 index, funded by US AID (with Susan Thomas). [pdf]
Consulting for OTCEI on design of market making, December 1996 (with Susan Thomas).
Consulting: Evaluation of FCC document on international settlement rates, for Department of Telecommunications, June 1997 (with Kirit S. Parikh).
Consulting: Evaluation of capital market development activities, for USAID. In India, December 1997. In the Philippines, February 1998.
Consulting: Development of Index and Index Fund in Sri Lanka, for Vanik Incorporation and the Colombo Stock Exchange, March 1998 (with Susan Thomas).
Creation of NSE MIBOR, the methodology for reference rates on the inter-bank call money market, 1998. [pdf]
Consulting: Development for Program Trading and Index Arbitrage, for UTI Securities, May 1998 (with Susan Thomas).
Research project: Parallel Risk Management (prism): Risk containment in real–time using using Value at Risk, using parallel computation, for National Securities Clearing Corporation (NSCC), December 1998 (with Susan Thomas).
Consulting: Launch of index fund, IDBI-Principal Mutual Fund, March 1999.
Consulting: Designing market protocols for the Middle East Financial Network, for MEFN, Abu Dhabi, 2000.
Research project: Forecasting economic activity using financial sector variables, funded by Finance Ministry, GOI, with Susan Thomas, Gangadhar Darbha and Kirit Parikh, commenced June 2000.