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

India Channel Insight | A Tier -2 City's Battle with The Second Wave | Welcome to the Jungle

Bandhan Bank (BANDHAN IN) | Pain in Assam Likely to Continue

India Channel Insight | Living in the Second Wave | The Battle Is On

Postcard from the North East | Savings Now Running Out; Market Share Gains for Organised Players

Postcard from Lucknow (India) | The Road to USD 5 Trillion

Alternative Data | India Consumer Tracker - Recovery Continues

Asia Restaurant Sector: Disrupted. Opportunities/Challenges Ahead -Time to Pivot & Persist

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

Thematic (Sector/Industry)

India Consumer discretionary / Thematic (Sector/Industry)

<p>We re-initiate our postcard series, now in a virtual environment to understand key macro drivers and emerging trends across Tier - 2 and Tier - 3 locations across the Indian subcontinent.  The focus of these insights is to build the narrative behind key data points supporting largely three themes which we believe will drive India forward over the next couple of years. </p>
<p>For this Insight, we interact with entrepreneurs in the city of <a href="https://en.wikipedia.org/wiki/Bhavnagar" target="_blank" rel="noopener">Bhavnagar</a>, lying in the state of Gujarat in the western part of India.  </p>

We re-initiate our postcard series, now in a virtual environment to understand key macro drivers and emerging trends across Tier - 2 and Tier - 3 locations across the Indian subcontinent.  The focus of these insights is to build the narrative behind key data points supporting largely three themes which we believe will drive India forward over the next couple of years. 
For this Insight, we interact with entrepreneurs in the city of Bhavnagar, lying in the state of Gujarat in the western part of India.  

India Channel Insight | Postcard from Bhavnagar | #Bringiton