Pradip N. Khandwalla was educated at Bombay University (B.Com.), Wharton School, University of Pennsylvania (M.B.A.) and Carnegie -Mellon University (Ph.D). He has been a consultant/trainer to a large number of organizations, including the Aditya Birla Group, Alembic, BHEL, Bharat Petroleum, CMC, Cadila Pharma, DFID, Grow Talent, Gujarat State Finance Corporation, Hindustan Lever, L&T, Maharashtra State Apex Cooperative Bank, Microsoft, National Thermal Power Corporation, Pfizer, Reliance, Satyam Computers, Shell India,Tata Telecom, TELCO, Torrent, Wockhardt, World Bank, etc.
Professor Khandwalla taught at McGill University, Canada, for several years before returning to India in 1975. Thereafter he was a professor at the Indian Institute of Management, Ahmedabad until his retirement in 2002. He held the L&T Chair in Organizational Behaviour at IIMA from 1985 to 1991. He was the Director of IIMA from 1991 to 1996.
He is currently on the board of CadilaPharma, Gujarat Gas, and Micro Inks. He is also on the governing councils of Academy of Human Resource Development, Aga Khan Rural Support Programme (India), MICA, and other institutions. He has served as a member of the National Renewal Fund, Government of India, and as a trustee, India Brand Equity Fund of Government of India. He was twice a member, Appointments Board of the Government of India for short-listing heads of public sector banks and financial institutions. Earlier, he was a member of the Planning Commission of Gujarat State, and a member of the Science Advisory Committee of the Cabinet, Government of India.