Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Pranav Bhavsar & the team at India Independent Insight (Iii), provide research on consumer companies operating or have exposure to in India. The research methodology focuses on carrying out on-the-ground channel surveillance/checks that include supplier/distributor/customer interactions, access to industry experts, and bespoke primary data sources that aid in providing unique insights and counter consensus ideas.  

Leveraging the team's forensic analysis along with channel surveillance, the team at Iii also aids investors in early identification of changing consumer trends, identification and quantification of accounting/governance risks, and the associated impact on the business model of the company.

Pranav has over 15 years of experience in the Indian equity market, and has worked with some of the global activists, long only and PE funds for their India projects. Prior roles also include building and leading an institutional sell-side desk. In his free time, Pranav is a traveler, biker, and a young Indian contributing to the country’s social and economic development.

Consumer Analyst / Channel Surveillance Specialist

ASA Capital Management

ASA Capital Management is a boutique Research and Investment Advisory firm focusing on primary research in India. ASA provides bespoke research services to Institutional Clients with a focus on due diligence backed with primary research, Field Trips & Channel Checks.

<p>Last week we attended the AGM of <a href="https://www.smartkarma.com/entities/27474" target="_blank" data-smartkarma-citation="entities:27474:1">Infibeam Avenues Ltd (INFIBEAM IN)</a>, an India based e-commerce and payments company offering services similar to <a href="https://www.smartkarma.com/entities/25906" target="_blank" data-smartkarma-citation="entities:25906:1">Shopify Inc (SHOP US)</a>.  A day before its AGM, Infibeam posted its worst single-day decline of over 70%. Much to our surprise, the AGM proceedings were calm and peaceful. The AGM also gave us an opportunity to interact with some company representatives and understanding their view on allegations made against the company. In this note, we bring you details on two of the alleged accounting irregularities and our view on the same that could help investors objectively evaluate the current situation faced by the company.</p>

Last week we attended the AGM of Infibeam Avenues Ltd (INFIBEAM IN), an India based e-commerce and payments company offering services similar to Shopify Inc (SHOP US).  A day before its AGM, Infibeam posted its worst single-day decline of over 70%. Much to our surprise, the AGM proceedings were calm and peaceful. The AGM also gave us an opportunity to interact with some company representatives and understanding their view on allegations made against the company. In this note, we bring you details on two of the alleged accounting irregularities and our view on the same that could help investors objectively evaluate the current situation faced by the company.

AGM Diaries | Infibeam (INFIBEAM IN) Dubbed India's Shopify Shoplifted