Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin is founder of Trudence Capital with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai.  Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial news papers such as Wall Street Journal, Financial Times, Business Standard etc.

Indian Accounting Research Analyst

Asian Paints (APNT IN) | Q3 | Leveraging Leadership Position

Asian Paints (APNT IN) | Masking Growth Concerns

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

<p>On October 23rd 2021, <a href="https://www.thehindubusinessline.com/companies/whistle-blower-alleges-related-party-transactions-by-asian-paints-promoters/article37130581.ece" target="_blank" rel="noopener">Financial news paper The Hindu Business line</a> has published article flagging related party transactions carried out by the promoters of <a href="https://www.smartkarma.com/entities/asian-paints-ltd" target="_blank" data-smartkarma-citation="entities:6354:1" rel="noopener">Asian Paints (APNT IN)</a> that allegedly benefited them at the cost of company's shareholders. The stock of the company has been beaten down post such allegation and later on October 24th, 2021 the company has come up with the rebuttal.</p><p>In this insight, we try to analyse the issue and look through the financial statement and other regulatory fillings of Asian Paints, and Paladin Paints and Chemicals Private Limited. (PPC)</p>

On October 23rd 2021, Financial news paper The Hindu Business line has published article flagging related party transactions carried out by the promoters of Asian Paints (APNT IN) that allegedly benefited them at the cost of company's shareholders. The stock of the company has been beaten down post such allegation and later on October 24th, 2021 the company has come up with the rebuttal.In this insight, we try to analyse the issue and look through the financial statement and other regulatory fillings of Asian Paints, and Paladin Paints and Chemicals Private Limited. (PPC)

Asian Paints

Asian Paints: Whistle Blower Letter