Insights

Perspective changes what you see.

Our thinking on businesses, markets, leadership, investment and the forces shaping Indian enterprise.

Pale concrete building facade in flat daylight

Investment Thinking12 January 2026

The opportunities that become obvious too late

Some of the most compelling businesses are widely recognised only after much of the value has already been created. The recognition is not the opportunity — it is the record of one.

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Investment Thinking3 December 2025

Growth is visible. Quality takes longer to understand.

Headline growth is the fastest thing to observe about a business and often the least informative. Economics, organisation and competitive position take longer to read — and say considerably more.

India18 November 2025

India’s next leaders may not come from its loudest markets

Category leadership in India frequently emerges from industries and business models that receive comparatively little attention — and are understood comparatively late.

Building Businesses27 October 2025

What changes when a business becomes an institution

The transition from founder-led momentum to organisational scale changes which decisions matter most — and which habits stop working.

Investment Thinking9 September 2025

Capital allocation is strategy in numbers

Where a company chooses to invest usually reveals more about its future than anything management says about strategy.

Founder Perspectives14 August 2025

Scale without losing what made the business work

Professionalising a company is necessary. Doing it without removing the speed and judgment that created its early advantage is the harder problem.