Investment Philosophy
Own businesses. Ignore tickers.
Six convictions shape everything Aadriv Global does. None of them are original. All of them are hard to practise.
The horizon is the edge
Our holding period is measured in years — a decade or more for our core positions. In a market obsessed with the next quarter, the willingness to genuinely wait is one of the few advantages that cannot be arbitraged away. Compounding does its real work late; most investors leave before it begins.
Concentration over collection
A portfolio of fifty names is a mirror of the index with extra fees of attention. We would rather own fifteen to twenty businesses we understand deeply — each answering one filtering question: if we did not already own this, would we buy it today, at this price, at meaningful size?
Primary sources or nothing
Every thesis at Aadriv is built from original documents — annual reports, exchange filings, earnings-call transcripts, credit-rating rationales. Broker research is read as a map of consensus, never as a substitute for our own work. If we have not read the filings, we do not have a view.
Governance is the first filter
Before growth, before valuation, before the story — how does this management treat its minority shareholders? Related-party transactions, auditor changes, sudden executive exits, cash flows that never quite match reported profits: these patterns are studied first, because no valuation survives bad governance.
Operators read differently
Having built and run a manufacturing business, we read financial statements the way an operator lives them. Working capital is felt, not calculated. Capex promises are weighed against the reality of commissioning a plant. This lens is Aadriv's inheritance from the factory floor.
Price is the final discipline
A wonderful business bought at any price is not a wonderful investment. We build explicit frameworks before adding to a position — defined catalysts, staged entries, and the honesty to wait when the price does not offer a margin of safety.
India, for the long run.
We invest exclusively in Indian listed companies — the market we know best, in the economy whose next two decades we most want to own.