Interview

“Look out for companies aspiring to dominate niche businesses”

Ambit Capital’s head of research, Nitin Bhasin, on what separates a handful of Indian companies from the also-ran

Soumik Kar

Hermann Simon, well-known German author and co-founder of Simon-Kucher & Partners, in his 2010 book, Hidden Champions of the 21st Century, has identified not so well-known companies across the globe but which are among the top three players in their respective industries on the global stage. These companies managed to achieve this feat through sharp focus, smart diversification and well-planned market entries across geographies. Ambit Capital, the Mumbai-based independent brokerage house, contextualised the book to identify emerging global champions in the Indian context by using the qualities Simon identified in his book. Nitin Bhasin, head of research at Ambit, who co-authored the report with Nikhil Mathur, besides Anupam Gupta of Aavan Research, shares the idea behind the report and why investors needs to keep an eye on these in-their-own-right giants. Excerpts from an interview: