Unlocking opportunities in Indian public markets
Private equity discipline. Public markets.
We take our name from the Coromandel Coast — for centuries the stretch of India's eastern shoreline where ships, ledgers and capital from the Gulf and Europe met the subcontinent's markets. The route hasn't changed as much as people think
About us
Coromandel Partners applies the research depth and diligence of private equity to India's listed companies — built to find the conviction that public markets move past too quickly to price.
How we work
3 disciplines. 1 conviction
01 — Research | Understand it like an owner
We start where most listed-equity research stops — plant visits, distributor checks, promoter history, unit economics. The business, understood the way a buyer conducting a control acquisition would, before we hold a single share.
02 — Diligence | Test it like a buyout
Every thesis is stress-tested against the standards a control transaction would demand: balance sheet quality, capital allocation, governance, and the surprises usually left sitting in the footnotes.
03 — Alpha | Size it with conviction
Conviction earned this way tends to hold through a cycle. We size positions to the strength of the underlying business, not the mood of the market that day
We partner with investors seeking differentiated exposure to the India growth engine
Our investors are looking to diversify beyond traditional developed-market allocations and participate in the structural growth of one of the world’s most dynamic economies.
We work particularly well with investors who share our long-term orientation—those seeking fundamental, high-conviction exposure rather than simply tracking an index or market cycle. Our typical investors are institutions and family offices with a long-term horizon.
For investors entering India for the first time, we aim to be a trusted local partner, combining deep market knowledge with the transparency, discipline, and institutional standards expected by global capital.
For those already invested in emerging markets, we offer a differentiated India allocation built around bottom-up security selection, concentrated ownership, and a private equity mindset in public markets.
Our ambition is to build enduring relationships with a select group of aligned capital partners across the Middle East, Asia, and Europe and provide them with alpha from the India growth engine.
Where we work
3 cities. 1 line of capital
Riyadh, Saudi Arabia
Client and capital coverage
Barcelona, Spain
Center of AI excellence and quant
Chennai, India
Primary research, execution and diligence