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From a government-owned manufacturer executing orders to a company that is actively shaping India's defence technology landscape; BEL has structurally changed.

Rebalancing a Windmill Capital smallcase: Everything You Need to Know

This article explains what a rebalance is, what we do when we run one, and answers the questions we hear most often.

The 45% Approval Bank: Why KVB Is Saying No More Often

A 110-year-old bank is saying “no” more than ever, yet growing faster. What changed inside KVB’s playbook?

Credit Limit Overutilised

Many investors don’t realize they can unlock liquidity without selling their assets. Loan Against Stocks (LAS) offers just that flexibility and access to funds yet common misconceptions often hold people back from using it.

Windmill Capital Investor Letter – March 2026 Edition

From a $119/bbl oil shock and a record-low rupee to governance tremors at HDFC Bank and India's first green hydrogen export contracts, we break down March's five defining stories. Read the full update.

Strait to the Point: What the Hormuz Crisis Means for Your Money

War, oil, and your portfolio: what the Hormuz crisis means for Indian investors and how to stay the course.

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