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

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

India Autos | Auto Tracker for August - YoY Volume Recovery

Alternative Data | India Consumer Tracker - Recovery Continues

Postcard from Surat (India) | Studded Jewellery Unlikely to Aid in Margin Expansion for Titan

Post Card from Bengaluru (India) | No Panic in Real Estate & Developer Financing

Post Card from Indore (India) | Pre-Demon Levels Still a Dream; BJP Continues Flirting with TINA

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.

Thematic (Sector/Industry)

India Industrials / Thematic (Sector/Industry)

<p>In the postcard series, our objective is to understand the macro environment shaping India and to assess the on-ground progress on its ambitious plan to reach USD 5 trillion from the current USD 2.7 trillion economy.</p>
<p>In this insight, we present our key takeaways from the interactions in Lucknow, capital of the state of Uttar Pradesh (UP), one of the most populous states of India. Our interactions suggest improvement in private capital formation, driven by foreign companies potentially Chinese and second-generation MSME entrepreneurs that are hungry for growth. </p>

In the postcard series, our objective is to understand the macro environment shaping India and to assess the on-ground progress on its ambitious plan to reach USD 5 trillion from the current USD 2.7 trillion economy.
In this insight, we present our key takeaways from the interactions in Lucknow, capital of the state of Uttar Pradesh (UP), one of the most populous states of India. Our interactions suggest improvement in private capital formation, driven by foreign companies potentially Chinese and second-generation MSME entrepreneurs that are hungry for growth. 

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