Terms of Use and Disclaimer

khuswantsharma.com is the personal website of Khuswant Sharma, New Delhi, India. It publishes independent research and analysis for general information and education. By using it, you agree to these terms.

Nothing on this website is investment, financial, legal or tax advice, or a recommendation or offer to buy, sell or hold any security, fund or other asset. I am not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser or research analyst, and I do not offer advice or research for a fee.

The reports discuss private companies, markets and public policy. Scenarios, valuations and return figures are illustrative and based on stated assumptions; they are not forecasts or promises of any return. Do your own research, and speak to a qualified, registered adviser before making any investment decision.

I build each report from public sources, which are linked or listed in it, and I date every report. Information can change after publication, and sources can be wrong. I do not guarantee that any content is complete, accurate or current.

If you find an error, please write to sharmakhuswant16@gmail.com. Companies covered in a report are welcome to correct facts about themselves. I correct verified errors and record the change in the report’s version note.

This research is my own work. It is not paid for, sponsored or commissioned by anyone, and no company or investor reviews it before publication. Each report discloses any relevant relationship, including my role as a Private Equity Fellow at the Indian Venture and Alternate Capital Association (IVCA). The views here are mine alone and do not represent IVCA, its members or any other organisation.

Company names, logos and trademarks shown on this website belong to their owners. I use them only to identify the companies, institutions and products being discussed. Their use does not mean any endorsement of, or by, this website. If you own a mark and want it removed or shown differently, please write to me.

Unless stated otherwise, the text, charts and graphics on this website are © Khuswant Sharma. You may quote short extracts and share links, as long as you credit “Khuswant Sharma, khuswantsharma.com” and link to the original page. Please do not republish whole reports or present them as your own without written permission. Material from other sources remains the property of its owners and is credited where it appears.

Reports link to outside sources so you can check the work. I do not control those websites and am not responsible for their content or privacy practices.

This website is provided “as is”. To the extent the law allows, I am not liable for any loss or damage arising from the use of, or reliance on, anything published here.

How personal data is handled is explained in the Privacy Policy.

These terms are governed by the laws of India, and the courts at New Delhi have jurisdiction. I may update these terms; the date at the top shows the latest version.