Prof Abhay Karandikar is currently Institute Chair Professor in the department of electrical engineering at IIT Bombay. He was the Head of the Department from January 2012 to January 2015. He has also served as the Head of IIT Bombay Computer Center during 2008-11. He is currently the Head of IIT Bombay Research Park. He is the coordinator of Tata Teleservices IIT Bombay Center for Excellence in Telecom and National Center of Excellence in Technology for Internal Security. Prof Karandikar is the founding member and Vice Chairman of Telecom Standards Development Society (TSDSI), India's standards body for telecom setup in 2014.

Dr Karandikar has several patents issued and pending, contributions to IEEE standards, contributed chapters in books and large number of papers in international journals and conferences to his credit. He has supervised 10 PhD, more than 100 Masters and large number of BTech research projects. He has served on the technical program committees of leading international conferences. He has also served as technology advisor and consultant to many companies. Dr. Karandikar is a two time recipient of award for excellence in teaching at IIT Bombay- in 2006 and 2011. He is a co-author of papers which won Best paper awards in ACM MobiHoc 2009, WiOpt2014 and finalist for best paper award in IEEE LCN 2012 and NCC 2014 conferences. He is also a recipient of the VASVIK Industrial research award 2010, NASI-Reliance Industries Platinum Jubilee award 2012, Dr Vikram Sarabhai Research award 2010, Prof. S. V. Aiya Memorial Award 2005-06, Prof. K. Srinivasan Award 2005-06 by IETE and Dr PK Patwardhan Technology Development award.