Dr. Ranade is currently the Chief Economist with the Aditya Birla Group, Mumbai. His professional career has spanned academic & corporate assignments including teaching in Universities in India and US. He is an op-ed columnist for the Financial express and writes a weekly column in a local Mumbai paper. He is a member of IITB's Advisory Council and also the Senate. He has been serving on the Board of IITBAA as a Director for the past four years and is the Chairman since the last 18 months. His contribution to PanIIT Alumni movement is noteworthy specially for organizing 'PanIIT 2006' Conference. He is currently representing IITB alumni on PanIIT India and PanIIT Global board.