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

Cartrade Tech IPO Trading - Decent Demand but It Remains Expensive

Cartrade Tech IPO - Too Expensive for Our Taste

CarTrade Tech IPO Initiation: Shifting Gears

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Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Capital Markets

<p>For the sake of brevity, we shall not be repeating <a href="https://www.smartkarma.com/entities/cartrade-tech-ltd" target="_blank" data-smartkarma-citation="entities:33474:1" rel="noopener">CarTrade (0056989Z IN)</a> 's business description and other matters that can be found on the DRHP. The focus of this insight shall be the primary checks done to understand the user experience and the competitive position of the company. </p>
<p>This Insight is best read along with <a href="https://www.smartkarma.com/profiles/nitin-mangal" target="_blank" data-smartkarma-citation="accounts:1988" rel="noopener">Nitin Mangal</a>'s <a href="https://www.smartkarma.com/insights/cartrade-tech-ipo-a-patchy-drive" target="_blank" data-smartkarma-citation="insights:55213" rel="noopener">CarTrade Tech IPO- A Patchy Drive</a>; <a href="https://www.smartkarma.com/profiles/sumeet-singh" target="_blank" data-smartkarma-citation="accounts:4" rel="noopener">Sumeet Singh</a>'s <a href="https://www.smartkarma.com/insights/cartrade-tech-ipo-too-expensive-for-our-taste" target="_blank" data-smartkarma-citation="insights:55593" rel="noopener">Cartrade Tech IPO - Too Expensive for Our Taste</a> and <a href="https://www.smartkarma.com/profiles/arun-george" target="_blank" data-smartkarma-citation="accounts:1680" rel="noopener">Arun George</a>'s <a href="https://www.smartkarma.com/insights/cartrade-tech-ipo-initiation-shifting-gears" target="_blank" data-smartkarma-citation="insights:55336" rel="noopener">CarTrade Tech IPO Initiation: Shifting Gears</a>.</p>

For the sake of brevity, we shall not be repeating CarTrade (0056989Z IN) 's business description and other matters that can be found on the DRHP. The focus of this insight shall be the primary checks done to understand the user experience and the competitive position of the company. 
This Insight is best read along with Nitin Mangal's CarTrade Tech IPO- A Patchy Drive; Sumeet Singh's Cartrade Tech IPO - Too Expensive for Our Taste and Arun George's CarTrade Tech IPO Initiation: Shifting Gears.

CarTrade Tech IPO | User Experience & Channel Feedback Suggests an AVOID