Madhavi Lokhande is a Fellow of The Institute of Cost and Works Accountant of India, and holds a Master Degree in Commerce. She is a Certified Management Accountant (CMA) from The Institute of Management Accountants (U.S). She holds a Doctoral degree from the SNDT Women’s University, Mumbai. The primary focus of her study was the Micro and Small Entrepreneurs in Bangalore. Her focal research interests include micro credit, funding needs of micro entrepreneurs, women run micro enterprises and self help groups. She also runs a social initiative called "Padhaai" which is a public charitable trust that works on 'Inclusive Education'. She is currently working on the AACSB initiative for Welingkar.
She has published several articles in international and national journals. She has also written case studies that have been published by Ivey publishing and some leading journals.This year she has been awarded a scholarship from Reserve Bank of India for her research work in the area of : Creating a financial literacy model based on the study of functional and behavioural factors affecting the MSME lending.