Independent Investment Research
Khuswant Sharma
I research the market and regulatory questions that matter, across sectors and geographies - fundamental due diligence, investment theses, and the discipline of independent analysis, built one report at a time.
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SatLeo Labs
October 12, 2026
SatLeo Labs put its first thermal payload in orbit in October 2026 and was valued at Rs 150 crore in May 2026. This memo tests what would need to go right for that price to work, with a neutral case and a bull case.
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Tax Without Recognition
July 25, 2026
India taxes virtual digital assets at one of the highest effective rates in the world while refusing to define what they legally are. That combination has held since 2022. On 23 July 2026, it started to break.
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I conduct independent due diligence on emerging-market companies and sectors, building evidence-based, testable investment theses rather than hot takes. Each report combines primary research, financial modeling, and a clear-eyed view of the risks that could break the thesis.
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Equity analysis, startup deep-dives, sector reports, and the models behind them - all in one place.
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