Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Allison Transmission Holdings / Equity Bottom-Up

<ul><li>Allison Transmission Holdings Inc. reported its first quarter of 2026 financial results amid ongoing integration of its recently acquired Allison Off-Highway business unit.</li><li>The company’s consolidated net sales reached approximately $1.406 billion, with the legacy Allison Transmission unit generating $733 million and the Off-Highway business contributing $673 million.</li><li>While the legacy transmission unit experienced a 4% decline year-over-year, largely attributed to a tough prior-year comparison and cautious demand in North America’s On-Highway truck market, the Off-Highway segment saw over 10% growth compared to prior-year levels, driven notably by strength in mining and construction sectors, particularly in Europe and India.</li></ul>

Allison Transmission Holdings Inc. reported its first quarter of 2026 financial results amid ongoing integration of its recently acquired Allison Off-Highway business unit.The company’s consolidated net sales reached approximately $1.406 billion, with the legacy Allison Transmission unit generating $733 million and the Off-Highway business contributing $673 million.While the legacy transmission unit experienced a 4% decline year-over-year, largely attributed to a tough prior-year comparison and cautious demand in North America’s On-Highway truck market, the Off-Highway segment saw over 10% growth compared to prior-year levels, driven notably by strength in mining and construction sectors, particularly in Europe and India.

Allison Transmission Holdings’ $673 Million Off-Highway Boost—A Game-Changing Acquisition Taking Shape!