Business Models
How does the business actually make money?
Breaking down the model, economics and competitive position.
Independent research on Indian businesses
Understand businesses. Think like an owner.
Simplifying complex business models, identifying long-term growth drivers, and highlighting risks — helping investors think like business owners.
Read & subscribe on Substack →Independent research for investors, professionals and curious minds.
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In-depth Research
Detailed research on Indian businesses and industries.
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Independent Perspective
A clear, evidence-based view beyond market noise.
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Think Like an Owner
Focus on business models, economics and long-term drivers.
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Long-term Focus
Understanding what can compound over years, not days.
What I Research
Explore on Substack →Growth Drivers
What can drive the business for years?
Identifying structural growth opportunities and the assumptions behind them.
Risks
What could go wrong?
Highlighting risks, constraints and factors that can change the thesis.
Research philosophy
“Study the business. Understand the economics. Know the risks. Then give the thesis time to play out.”
Long-term thinking over short-term noise.
About Shubham
Independent research on Indian businesses.
I’m Shubham, an independent creator and researcher focused on Indian businesses. Through Shubham | Business Deep Dives, I publish company analysis, business research and long-term investment insights.
My aim is simple: simplify complex business models, identify long-term growth drivers and highlight risks — helping investors think like business owners.
Let’s connect
Have a question?
For research, collaboration or publication-related queries, email me at: