Independent investment research house

Deep research on innovative companies. Model portfolios for India and the US.

We explain how each business makes money, publish the thesis, financials, valuation and risks, then build the portfolios we would own ourselves. Join the waitlist for research, a model portfolio, or help starting with US stocks.

SEBI Research Analyst registration is in progress. Nothing is for sale today. Your money and securities remain in your own account.

Choose your service

Three ways to use Aadhvi Capital.

Compare what each service gives you, then join the relevant waitlist. Proposed pricing remains subject to registration and compliance review.

01Proposed: Rs 1,999/year

Research subscription

For investors and consultants who form their own views

Read every India and US company and sector report we publish, including the thesis, financials, management record, valuation, risks and source trail.

  • All published research
  • New reports during your subscription
  • Company and sector updates
Join the research waitlist
02Proposed: Rs 4,999/year

Model portfolios

For investors who want a researched portfolio to follow

Follow planned India or US portfolios with disclosed holdings, target weights, a benchmark and a written reason for every change. For Indian portfolios, Authorized Persons with Aditya Birla Capital to execute trades in 1-click.

  • Portfolio holdings and weights
  • Rebalance updates and all research
  • Proposed minimum capital: Rs 1 lakh
Join the portfolio waitlist
03Waitlist only

Get started with US stocks

For Indian investors beginning direct US investing

Understand US companies, currency, remittance, taxation and market-specific risks, with help opening and funding an eligible third-party brokerage account.

  • US-market orientation
  • Account-opening help
  • Research or a US model portfolio
Join the US stocks waitlist
See what you receive

Research designed to be used and checked.

Each company page separates the current view, the underlying evidence, thesis monitoring and immutable dated research.

Every deep-dive shows
  • How the business makes money
  • The investment thesis
  • Financials and valuation
  • Management and ownership
  • Risks and break conditions
  • Dated sources and updates

Browse permanent company research pages, or join the waitlist for future coverage.

Browse researchJoin the research waitlist
Why Aadhvi

Business understanding, evidence and two-market context.

Our operating experience shapes the questions. Our research system covers the evidence. A person makes every conclusion.

01

Business understanding

We have spent years building and operating technology businesses. We know what real innovation looks like from the inside and how long it can take to show up in the numbers.

02

Evidence-led research

Our research operating system reads thousands of pages of filings, reports, calls and news to understand the company, its people, risks and growth drivers. It allows us to analyse companies 90% faster than a traditional analyst.

03

India-to-US perspective

We research both markets and help Indian investors understand unfamiliar US businesses, sectors, disclosures, currency exposure and market-specific risks.

Founder

Ankur Gupta

Technologist turned investor

Ankur spent twelve years building technology across satellites, solar-powered connected devices, and cloud and AI software. That work taught him how real innovation develops, how often it fails, and how long it can take to reach the numbers.

For the last six years, he has invested using the same discipline: understand how the business makes money, test the evidence, decide what would prove the thesis wrong, and follow the company as the facts change.

He started Aadhvi Capital to make research at this depth available to serious individual investors and investment consultants.

Satellites Connected devices Cloud and AI Investment research
Nothing is for sale today

Choose the waitlist relevant to you.

Join one waitlist now. No payment, newsletter or sales call. Your money and securities remain in your own account at every stage.

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