Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

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Event-Driven

Quess Corp Limited operates as an integrated business services provider. The Company offers IT staffing, industrial asset and facility management, skill development, and general recruitment services. Quess serves customers worldwide.

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<a href="https://www.smartkarma.com/entities/quess-corp-ltd" target="_blank" data-smartkarma-citation="entities:26937:1" rel="noopener">Quess Corp Ltd (QUESS IN)</a> is strategically demerging into 3 distinct segments, enabling focused strategies and boosting growth potential for each, paving the way for greater success and innovation.</li>
<li>Previously, the high-margin Global Technology Solutions segment contributed 12% of revenue, but its potential was overlooked within the larger company. Now, with demerging, it gains specialized focus and proper valuation.</li>
<li>The demerger gives investors the flexibility to choose between cash-generating, high-margin, or moderate-margin businesses, with the added option of a platform for job hunting, all backed by focused, specialized management.</li>
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Quess Corp Ltd (QUESS IN) is strategically demerging into 3 distinct segments, enabling focused strategies and boosting growth potential for each, paving the way for greater success and innovation.
Previously, the high-margin Global Technology Solutions segment contributed 12% of revenue, but its potential was overlooked within the larger company. Now, with demerging, it gains specialized focus and proper valuation.
The demerger gives investors the flexibility to choose between cash-generating, high-margin, or moderate-margin businesses, with the added option of a platform for job hunting, all backed by focused, specialized management.


Quess Corp Demerger: Value Unlocking & Strategic Shift to Drive Growth

Bajaj Finserv Ltd. is currently engaged in life insurance; general insurance and consumer finance businesses and has plans to expand its business by offering a wide array of financial products and services in India. The Company is also active in wind-energy generation.

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<a href="https://www.smartkarma.com/entities/bajaj-finserv-ltd" target="_blank" data-smartkarma-citation="entities:5669:1" rel="noopener">Bajaj Finserv (BJFIN IN)</a> has acquired Allianz’s 26% stake in both insurance JVs for INR 24,180 crore, gaining full control of Bajaj Allianz Life and General Insurance.</li>
<li>This unlocks platform-wide integration across lending, wealth, and insurance, setting Bajaj up as a full-stack financial services powerhouse with total strategic control.</li>
<li>With valuations set and consolidation likely, India’s insurance sector enters a new era- where scale, tech, and single ownership will drive future leadership.</li>
</ul>



Bajaj Finserv (BJFIN IN) has acquired Allianz’s 26% stake in both insurance JVs for INR 24,180 crore, gaining full control of Bajaj Allianz Life and General Insurance.
This unlocks platform-wide integration across lending, wealth, and insurance, setting Bajaj up as a full-stack financial services powerhouse with total strategic control.
With valuations set and consolidation likely, India’s insurance sector enters a new era- where scale, tech, and single ownership will drive future leadership.


Bajaj Finserv Acquires Full Control of Bajaj Allianz Life & General Insurance

Coromandel International Ltd. manufactures fertilizers and pesticides.  The Company produces both chemical and organic fertilizers, insecticides, fungicides, herbcides, and plant biostimulant.

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<a href="https://www.smartkarma.com/entities/coromandel-international-ltd" target="_blank" data-smartkarma-citation="entities:15305:1" rel="noopener">Coromandel International (CRIN IN)</a>,a key Murugappa Group company, acquired a 53% controlling stake in <strong>NACL Industries</strong> for INR 820Crs on March 12, 2025 at <strong>INR 76.70 per share.</strong>
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<li>NACL Industries is a Hyderabad-based agrochemical firm with manufacturing units, a diverse product portfolio, and technical export capabilities, including a presence in contract manufacturing.</li>
<li>With this merger at decent valuation, Murugappa group(which is known for efficient capital allocation) certainly make it more efficient and value accretive for their business. </li>
</ul>



Coromandel International (CRIN IN),a key Murugappa Group company, acquired a 53% controlling stake in NACL Industries for INR 820Crs on March 12, 2025 at INR 76.70 per share.

NACL Industries is a Hyderabad-based agrochemical firm with manufacturing units, a diverse product portfolio, and technical export capabilities, including a presence in contract manufacturing.
With this merger at decent valuation, Murugappa group(which is known for efficient capital allocation) certainly make it more efficient and value accretive for their business. 


Coromandel's Strategic Play for NACL Industries: Bottom of the Agrochem Cycle Bargain?

Kolte-Patil Developers Ltd. builds residential housing, commercial complexes, and mixed residential and commercial projects.

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<a href="https://www.smartkarma.com/entities/blackstone-inc" target="_blank" data-smartkarma-citation="entities:27166:1" rel="noopener">Blackstone (BX US)</a> is investing INR 1,800 crore to acquire a 66% stake in <a href="https://www.smartkarma.com/entities/kolte-patil-developers-ltd" target="_blank" data-smartkarma-citation="entities:6819:1" rel="noopener">Kolte Patil Developers (KPDL IN)</a>, marking its first big move into India’s residential real estate market.</li>
<li>This deal signals rising institutional interest in India’s housing sector and sets the stage for a potential residential REIT, similar to Blackstone’s office REIT playbook.</li>
<li>The residential segment, long seen as fragmented and informal, may now see valuation re-ratings, increased M&amp;A activity, and formalization driven by global capital.</li>
</ul>



Blackstone (BX US) is investing INR 1,800 crore to acquire a 66% stake in Kolte Patil Developers (KPDL IN), marking its first big move into India’s residential real estate market.
This deal signals rising institutional interest in India’s housing sector and sets the stage for a potential residential REIT, similar to Blackstone’s office REIT playbook.
The residential segment, long seen as fragmented and informal, may now see valuation re-ratings, increased M&amp;A activity, and formalization driven by global capital.


Blackstone's ₹1,800 Crore Residential Bet on Kolte-Patil

Forensic Accounting

Hyundai Motor India  / Forensic Accounting

Hyundai Motor India Limited (HMIL) designs and manufactures automobiles. The Company offers cars, vans, sedans, and sport utility vehicles along with financing, leasing, and maintenance services. HMIL serves customers globally.

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<a href="https://www.smartkarma.com/entities/hyundai-motor-india-ltd" target="_blank" data-smartkarma-citation="entities:40900:1" rel="noopener">Hyundai Motor India (HYUNDAI IN)</a> has proposed seven related-party transactions worth over INR 31,500 crore, just months after its record-breaking IPO.</li>
<li>Proxy advisors are sharply divided, with concerns around valuation, transparency, and fairness, raising governance red flags for a newly listed company.</li>
<li>Despite likely approval due to promoter holding, investor trust hinges on how Hyundai communicates and ensures accountability post-IPO.</li>
</ul>



Hyundai Motor India (HYUNDAI IN) has proposed seven related-party transactions worth over INR 31,500 crore, just months after its record-breaking IPO.
Proxy advisors are sharply divided, with concerns around valuation, transparency, and fairness, raising governance red flags for a newly listed company.
Despite likely approval due to promoter holding, investor trust hinges on how Hyundai communicates and ensures accountability post-IPO.


Hyundai India’s ₹31,500 Cr Related-Party Deal Sparks Governance Debate

Nimish Maheshwari, an independent analyst and co-founder of Beat The Street, is an investing platform garnering more than 1,00,000+ followers across social media. 
His deep insights and forensic analysis have been featured in some of India's most prominent publications, including the Economic Times, The Morning Context, The Ken,  Dalal Street Investment Journal, Moneylife by Sucheta Dalal, and TheCore.in.
He has a keen eye for identifying red flags in Indian listed companies and has identified exclusive red flags earlier in Adani, Vedanta, Nykaa, Gland Pharma, Brightcom Group etc.

Nimish Maheshwari
Market & Forensics Analyst
• Beat the Street

Quess Corp Demerger: Value Unlocking & Strategic Shift to Drive Growth

Quess Corp Ltd is strategically demerging into 3 segments to boost growth potential and innovation, giving investors flexibility and specialized...

Nimish Maheshwari

Bajaj Finserv Acquires Full Control of Bajaj Allianz Life & General Insurance

Bajaj Finserv gains full control of Bajaj Allianz Life and General Insurance, becoming a financial services powerhouse in India's insurance sector.

Nimish Maheshwari

Coromandel's Strategic Play for NACL Industries: Bottom of the Agrochem Cycle Bargain?

Coromandel International acquires 53% stake in NACL Industries for INR 820Crs, enhancing Murugappa Group's efficiency and value.

Nimish Maheshwari

Blackstone's ₹1,800 Crore Residential Bet on Kolte-Patil

Blackstone makes INR 1800Crs bet on India's residential real estate market via Kolte Patil Majority acquisition, signaling growing institutional...

Nimish Maheshwari

Quess Corp Demerger: Value Unlocking & Strategic Shift to Drive Growth

​Quess Corp Ltd is strategically demerging into 3 segments to boost growth potential and innovation, giving investors flexibility and specialized...

Nimish Maheshwari

Bajaj Finserv Acquires Full Control of Bajaj Allianz Life & General Insurance

​Bajaj Finserv gains full control of Bajaj Allianz Life and General Insurance, becoming a financial services powerhouse in India's insurance sector.

Nimish Maheshwari

Coromandel's Strategic Play for NACL Industries: Bottom of the Agrochem Cycle Bargain?

​Coromandel International acquires 53% stake in NACL Industries for INR 820Crs, enhancing Murugappa Group's efficiency and value.

Nimish Maheshwari

Blackstone's ₹1,800 Crore Residential Bet on Kolte-Patil

​Blackstone makes INR 1800Crs bet on India's residential real estate market via Kolte Patil Majority acquisition, signaling growing institutional...

Nimish Maheshwari

Hyundai India’s ₹31,500 Cr Related-Party Deal Sparks Governance Debate

​Hyundai Motor India proposes INR 31,500 crore in related-party transactions post-IPO, raising governance concerns among proxy advisors and investors.

Nimish Maheshwari

Quess Corp Ltd is strategically demerging into 3 segments to boost growth potential and innovation, giving investors flexibility and specialized...

Bajaj Finserv gains full control of Bajaj Allianz Life and General Insurance, becoming a financial services powerhouse in India's insurance sector.

Coromandel International acquires 53% stake in NACL Industries for INR 820Crs, enhancing Murugappa Group's efficiency and value.

Blackstone makes INR 1800Crs bet on India's residential real estate market via Kolte Patil Majority acquisition, signaling growing institutional...

Hyundai Motor India proposes INR 31,500 crore in related-party transactions post-IPO, raising governance concerns among proxy advisors and investors.