Yash R. Puri, Finance
Finance Department Chair, Professor
Corporate financial strategy
Professor Puri's main areas of research interest are in corporate finance and entrepreneurship in high technology industries. Dr. Puri has published in a variety of areas in journals such as the International Journal of Finance and Advances in Competitiveness Research. He has also made numerous presentations at national and regional meetings of academic and professional societies.
B.S., Physics, University of Delhi
M.S., Solid State Physics, University of Delhi
M.B.A., University of Delhi (Won the gold medal for being the best student in the Faculty of Management Studies)
M.B.A., Finance, Indiana University Bloomington
D.B.A., in International Business, Indiana University Bloomington
Dr. Yash R. Puri is Professor of Finance and International Business in the Robert J. Manning School of Business at the University of Massachusetts Lowell, where his focus is on corporate financial strategy. His main areas of research interest are in corporate finance and entrepreneurship in high technology industries.
Yash is also a co-founder, Executive Vice President, and Chief Financial Officer of Magnolia Optical Technologies, Inc., a privately-held company and Magnolia Solar, Inc., a publicly traded company. Magnolia Solar (OTCBB: MGLT) is developing new technologies for ultra-high efficiency thin-film solar cells that incorporate nano-structure based technologies to increase the power output of terrestrial and space solar cells. Magnolia Solar is using patent-pending technologies for advanced device designs to increase voltage and current of solar cells, new materials to broaden the spectrum of light captured by the cell, increase the light travel path in the cell, and to prevent reflection losses to make the solar cells productive throughout the day. Magnolia Optical Technologies is engaged in advanced research and development of devices and sensors for national defense applications. Yash is responsible for managing all financial and contractual aspects for these companies.
Previously, Yash was the first Vice President of Finance at GT Equipment Technologies, a high technology semiconductor and photovoltaic equipment manufacturer, while on leave of absence from the University. This company is now known as GT Advanced Technologies (NASDAQ: GTAT) and has a market capitalization of about $1 billion. In this position, he helped negotiate a license to develop commercial products for a supercritical carbon dioxide technology from Los Alamos National Laboratories. He has been involved in the photovoltaic industry with wafer and cell manufacturing and other polycrystalline silicon materials processing requirements, and worked with the research and development group on a program to develop low-cost polycrystalline silicon raw materials specifically suitable for solar applications. This technology is helping to reduce end system costs to increase use of the photovoltaic solar power.
As a faculty member, Yash has been actively involved in research and externally funded grants and contracts. He has published with other colleagues in a variety of areas in journals such as the International Journal of Finance, Advances in Competitiveness Research, Journal of Emerging Markets, Applied Financial Economics, and many others. His work on photovoltaic technology adoption has also been included in a guidebook by the United Nations Institute for Training and Research (UNITAR). He has made numerous presentations at national and regional meetings of academic and professional societies. He has also published a variety of articles on material science work related to the development of technologies in the companies he co-founded.
Yash holds a B.S. in Physics, a M.S. in Solid State Physics, and a M.B.A. from the University of Delhi, where he won the gold medal for being the best student in the Faculty of Management Studies. He also holds a M.B.A. in Finance and a D.B.A. in International Business from Indiana University Bloomington. He has served on several corporate boards.