India is a developing country. A typical characteristic of a developing economy is an expanding middle-class. China, Japan, South Korea have witnessed this middle-class expansion over many decades. This expanding middle-class philosophy is applicable in businesses as well. Indian markets are fortunate to have some high-quality midcaps. These businesses were started with meager resources & entrepreneurs have worked hard for many years to make them successful. Many of them have passed the baton to their successive generations.

In this smallcase, we have identified such midcap jewels, which deserve to graduate into large-caps or mega-caps. Long term prudent capital allocation is at the core of any sustainable business. Our smallcase gives extra weightage to the capital allocation track record of promoters. Irrespective of how good the business prospects are, if the promoter integrity is dubious, minority shareholders end up being looted in the long term. We pay special attention to promoter quality using our qualitative analysis framework.

Come, invest with us, and be a part of this transition into largecaps!