Amitabh Singhi presented his in-depth investment thesis on Long-Term Perspective on Investing in India, plus Three Ideas at Asian Investing Summit 2015.
The following are three ideas highlighted by Amitabh Singhi during the session:
- Aro Granite Industries (India: AROGRANITE), a granite processor based an hour from Bangalore. It has a processing capacity of over one million square meters a year. It buys granite from Asian quarries and cuts it up into tiles or slabs. It’s a simple business. The ten-year ROEs before the U.S. recession in 2008 were 20+%; the last seven years, the ROE has been ~10%. They actually never lost money. The U.S. was their largest customer, and they had tripled capacity in 2007 to cater to U.S. residential demand. If you go to an American home and you see a granite kitchen top, most probably it’s from Aro’s factory. Aro is the largest exporter of Indian granite.
- TATA Motors DVR (India: TATAMTRDVR), a divisional voting right
- Tata Investment Corp. (India: TATAINVEST), a Tata-related investment holding company, including stakes in Tata Motors, Titan (jewelry, watch, and spectacles company), Tata Chai (tea company), Tata DOCOMO (telecom company), Tata Power (power and utilities business), TCS (information systems and outsourcing), Tata Hotels, and other assets.
About the instructor:
Amitabh Singhi is Managing Director at Surefin Investments, an India based portfolio management and investment advisory company. Since inception in mid-2001 the fund has returned 24.7% annualized, net of all fees to investors. Mr. Singhi graduated with a B.S. in Economics from the Wharton School at the University of Pennsylvania, with concentrations in Finance and Management.
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