We look for companies which are catering to large addressable markets, thus, providing the opportunity to grow quickly for an extended period of time. Read our newsletter ‘SCORE’ing growth to know more about how we think about growth and its dependance on sustainable competitive advantages and efficient return on capital.

We assess whether the company’s strategy leads to a sustainable competitive advantage which can enable it to exceed industry growth and whether there is enough capacity for growth i.e., efficient re-investing of excess cash flows maintaining a healthy return of capital.

We use a 40+ point checklist to evaluate integrity/creative accounting practices. The manager’s thought process around long-term growth, ability to retain employees, culture, relationship with the ecosystem and ability to meet targets help us gauge ambition and execution skills.

Our goal is to identify opportunities which are undiscovered and be a part of their scaling up and valuation re-rating journey. We avoid companies where multi-year growth has already been built into the multiple and offers limited risk-reward upside.