India Avenue Investment Management is an outstanding Australian fund manager headed up by Mugunthan Siva – the team is doing a great job. Few external managers dig as deep into India as they do.
Their recent “India Grassroots Tour” to Mumbai/Pune provided many valuable insights including:
- The fundamental tailwinds for India remain in place
- Listed corporates likely to see strong earnings growth over the next 2-3 years as demand/capex pick up (from a low base)
- Some Indian businesses, like Bharat Forge exporting more to a global audience, allowing a broader use of capacity
- Meeting a savvy billionaire founder of a corporate gave us some insights on India’s corporate culture
- Infosys’s campus in Pune was phenomenal. A great place for tomorrow’s tech heads to work. Sports facilities, restaurants etc.
- Meeting the Central Bank and discussing India’s Banking issues. Whilst issues exist, broadly the financial system remains secure
- Some of India’s bright fund managers present with strong clarity of thought and a thorough understanding of their ecosystem – a huge advantage for investing in Indian stocks
India Avenue Investment Management provides unique insights into investing in India and explain in detail how they go about it. I continue to be interested in their progress and recommend you take a look too. There is a lot of good information on their website.
http://indiaavenueinvest.com/
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Author: Stephen Manallack
Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand.
Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication.
Passionate campaigner for closer western relations with India.
Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India.
A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.
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