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

Actionable bottom-up long/short Insights on equities

Equity Bottom-Up

TVS Motor Company Limited manufactures motorcycles, mopeds, and scooters. The Company provides spark ignition operated outboard motors, combustion spark ignition engines, critical engines, and transmission parts. TVS Motor Company serves customers in India.

India Independent Insight

India Independent Insight (Iii), is a collaborative initiative by Nitin Mangal and Pranav Bhavsar. Nitin Mangal is a SEBI registered Independent Analyst (SEBI Reg. INH 000004723) and Pranav Bhavsar is a SEBI registered Investment Advisor (SEBI Reg. INA 000011510). With Iii our endeavor is to deliver Independent & Unbiased research on Indian Mid to large cap companies. Iii typically provides counter consensus views which cover forensic research along with on-ground primary research. Our research process is a combination of a deep dive on accounting, governance and channel checks.

TVS Motor

TVS Motor (TVSL IN) | Supply Issues & EV Ramp Up the Key