The ValueQuest Blog

By Sameer Shah • Darshan Engineer • Dhara Ganatra CRDMO 2.0: From Mastering the Process to Mastering New Technologies India’s pharma industry is entering a new era of Pharma R&D Outsourcing, aiming to capture a larger share of the $302 billion global CRDMO market by 2028. While India currently holds just 3.6% of the global market, […]

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By Sagar Dhawan & Ravi Dharamshi Investing in the energy transition involves recognizing a substantial external opportunity, but that’s only the beginning. To maximize returns, this opportunity must be paired with a predictable environment where differentiation and industry maturity play crucial roles. As the world embarks on energy transition, transmission stands out with remarkable potential: […]

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By Sameer Shah & Anirudh Agarwal We have arrived at an inflection point as far as wealthy Indians are concerned. Despite being the 5th largest global economy, we already have the 3rd highest number of billionaires, leading the way in new billionaires addition over the last few years. Alongside the growth in wealth, a real […]

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The energy transition is emerging as a transformative megatrend, reshaping how we consider and consume energy. Analogous to how Wi-Fi has become a fundamental need in Maslow’s hierarchy, energy is quickly establishing itself as an essential, foundational requirement. This transition is not merely significant; it represents a pivotal, multi-decadal opportunity, marking one of the most […]

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Presentation made by Our CIO, Ravi Dharamshi @ India Investor Conclave (IIC season 8) at Goa in Dec 2021. Summary of Presentation: 1. There has been tremendous wealth creation in Specialty Chemicals sector – 60x in 7 years. 2. Currently market has priced the sector to perfection and is ignoring all the inherent risks. 3. […]

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By Sameer Shah and Ritika Agarwal The pandemic has been one of the most scarring periods in living memory. Through this unfortunate devastation, if there is one key takeaway, it is that hope begins at home. More than ever before, a home is not just a physical space, it is a feeling. A home is […]

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By Pranav Mehta and Neel Shah Executive Summary: The AMC industry in India has seen exponential growth in the last couple of decades. From less than Rs. 1 lakh cr at the turn of the century, the Indian AMC industry today boasts of an AUM of more than Rs. 30 lakh cr. However, by all […]

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by Chirag Lodaya and Surbhi Soni Executive Summary Plastic Pipe is a highly fragmented industry with large number of unorganized players. Due to commoditized nature of the product and low capital requirement, there are optically no barriers to entry. Moreover, there is high dependence on imports as more than half of the raw-material requirement is sourced from outside India. Given […]

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PART I: GLOBAL MICROFINANCE INDUSTRY by Pranav Mehta, Senior Analyst Size of the industry *GLP: Gross Loan Portfolio Source: MIXMarket, Media articles Global microfinance industry growing at ~15% Latin America is the most developed microfinance market in the world, with most organizations having graduated to individual lending too. South Asia accounts for ~56% of active […]

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We are pleased to share with you the annual edition of VQ Perspectives | Seeing the Glass Half Full. 2024 may not have filled the glass to the brim, but investing isn’t about perfection—it’s about perspective. Whether you see the glass as half full or half empty often makes all the difference. As the late […]

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We’re excited to bring you the latest edition of VQ Perspectives | Trump 2.0: Pause or Continuity for Renewables. In this issue, we explore the potential impact of Trump’s comeback on the US and the Indian renewable energy landscape. Will it be a pause in progress, or can the momentum continue? Dive into our analysis […]

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We’re excited to bring you the latest edition of VQ Perspectives | Beyond the Matrix: Illusion of Comfort or Uncomfortable Reality. In this issue, we tackle the bull versus bubble debate, inspired by The Matrix—urging you to see beyond comforting illusions and confront the real market landscape. We hope these insights spark fresh thinking and offer […]

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― Grand Master Oogway We are pleased to share with you the latest edition of VQ Perspectives | You must let go of the illusion of control… This edition draws a parallel between road trips and investment journeys, emphasizing the importance of resilience, adaptability, and keeping an eye on the destination despite the bumps along […]

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IPL mania is again upon us, like every summer. The last few years, however, have seen a new feature added to these matches: the “Strategic Time Out”. For those who are uninitiated, time outs in sports, often plays a strategic role that can end up altering the course of the game. Drawing up key plays, […]

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Every family has that one uncle, who is a lot like Charlie Munger. The uncle who gives dead pan blunt replies, which one knows are right, but at times does not want to hear. The one uncle who everyone turns to for the best advice and finally the one uncle whose witty one liners crack […]

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Ravi DharamshiArvind AnanthanarayananAniket Dharamshi Megatrends are powerful, transformative forces that change the global economy, business, and society. Megatrends are structural shifts that are longer term in nature and have irreversible consequences for the world around us. Although they evolve independently of the economic cycle, often along seemingly different paths, and timescales, they possess the capacity […]

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The Union Budget for FY23-24 was presented against a backdrop of challenging global macros – slowing growth, high interest rates and inflation. The knock on effect on India is already visible in the form of weakening exports and higher import bill due to commodity inflation. Given this challenging situation, the Honorable Finance Minister did a […]

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I must confess, 2022 ended up being far tougher than I thought it would be. Coming post a tumultuous couple of years with wild swings amidst once in a lifetime pandemic, a collapse of the world economy, the opening up of the world, we saw it all. From negative crude prices to peak crude.  From […]

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Sometime between the 6th and 8th century, all the Gods and Devas came to Lord Shiva with a strange predicament. Having seen into the future, they realised that Planet Earth is going to be quickly depleted of all its resources and man being man, will soon run amok and destroy the planet.  Energy which is […]

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