Unlocking opportunities in Indian public markets
Private equity discipline. Public markets.
We take our name from the Coromandel Coast — for centuries the stretch of India's eastern shoreline where ships, ledgers and capital from the Gulf and Europe met the subcontinent's markets. The route hasn't changed as much as people think
About us
Coromandel Partners applies the research depth and diligence of private equity to India's listed companies — built to find the conviction that public markets move past too quickly to price.
How we work
3 disciplines. 1 conviction
01 — Research | Understand it like an owner
We start where most listed-equity research stops — plant visits, distributor checks, promoter history, unit economics. The business, understood the way a buyer conducting a control acquisition would, before we hold a single share.
02 — Diligence | Test it like a buyout
Every thesis is stress-tested against the standards a control transaction would demand: balance sheet quality, capital allocation, governance, and the surprises usually left sitting in the footnotes.
03 — Alpha | Size it with conviction
Conviction earned this way tends to hold through a cycle. We size positions to the strength of the underlying business, not the mood of the market that day
Where we work
3 cities. 1 line of capital
Riyadh, Saudi Arabia
Client and capital coverage
Barcelona, Spain
Center of AI excellence and quant
Chennai, India
Primary research, execution and diligence