We believe in looking beyond numbers, because not everything that counts can be counted.
For example, we avoid companies with weak promoter quality, political affiliations, historical
track record of taking minority shareholders for a ride etc.
We meet managements, attend AGM’s, participate in company conference calls to
understand the people with whom we are partnering.
We complement secondary research with primary research speaking to customers, dealers,
suppliers, competitors to get on the ground feedback.
We don’t use databases to pull financials of a company. We take the pain of taking out the
financials manually by going through the annual reports and going through each and every note
to accounts. This ensures that we TRULY know what is lying behind each and every number.
We believe our old school approach helps us in uncovering potential negatives or positives which
would have been undiscovered had we used a database.
Some of the key things which we look in annual reports are key accounting policies, off-
balance sheet liabilities, Inter-Party Transactions, Management Remuneration.
We firmly believe that the DEVIL is in the DETAILS and therefore we go that extra mile to
ensure we fulfill our fiduciary duties towards our clients.