We have absolute return orientation. We invest in companies with high quality business models, demonstrated management execution capabilities and history of superior corporate governance. We look for favorable price dislocations in such companies and hold them for the long term. We invest in companies across themes, sectors, and market cap brackets. Our approach hinges on four fundamental tenets: deep & original bottom up research, persistent learning, and risk minimization while being backed by aligned capital.

• Deep and Original Research: We rely on internal research to generate original insights by developing an intense and detailed bottom-up understanding of industries followed by identifying micro differences between the players in an industry. We invest inordinate time discovering evolving consumer behavior, industry structure, competitive differentiation, etc., which may lead to sustainable long-term trends in an industry, which may favor one player over another. We also carefully analyze the history of management execution and corporate governance of the target company to understand its ability to capture the value and its translation into the stock price.
• Persistent Learning: Our learning process looks at a trend from an evolving ecosystem point of view and continuously evaluates the ability of the target company to capture the value incrementally. We seek learnings from other geographies, sectors, other investments, partners, fellow investors, etc. to improve our understanding on an ongoing basis.
• Risk Minimization: Risk minimization is the most important tenet of our philosophy. It builds on top of our research and learning tenets while remaining diligent about their limitations on risk minimization. Capital protection is the key objective of our risk minimization framework. We prefer to wait for the right price. We buy into an opportunity only when the price has an adequate margin of safety.
• Aligned Capital: We carefully select our investors who provide us with patient high quality capital that can be put to use for long term. Our investor partners include highly respected institutions, iconic entrepreneurs, exceptional professional achievers, marquee family offices, successful CXOs & Promoters of large corporates and academicians.

Our research and position-building activities are typically temporally disjointed.