Here's how Indian businesses are transforming with Saurabh Mukherjea

You might have noticed that the Indian business landscape has been going through a lot of ups and downs—companies that once dominated the market have either evolved, disappeared, or been replaced by newer, more agile players. And it’s not just about individual companies; it’s about how the entire economy is shifting and adapting to new realities.

In this episode of The Big Perspective, we're taking a closer look at some of the big changes happening within India Inc. To help us make sense of all this, I had a great chat with Saurabh Mukherjea, one of the most respected voices in Indian finance. Saurabh is the Founder and Chief Investment Officer of Marcellus Investments and knows this space inside out. He’s seen how India’s corporate sector has changed from the liberalization days of the 1990s to today’s tech-driven world.

In our conversation, Saurabh shares his thoughts on:

1. The idea of creative destruction and why so many companies from the '90s have disappeared
2. How Indian companies are keeping up with rapid technological changes
3. The shift in corporate profits and what it means for the market overall
4. What it says about our economy that the market cap of India’s top 100 companies has doubled between 2015 and 2022
5. Why the stock market is hitting new highs and what it means for investors
6. What’s next for key sectors like IT and banking as they navigate these changes
7. Whether you’re into investing, curious about the economy, or just want to understand what’s happening with India’s business world, this episode has something for you.

You can listen to this episode on Spotify, Apple Podcasts, or wherever you get your podcasts.

00:00:00 - Intro
00:03:15 - Why are 1990s-listed companies disappearing?
00:06:46 - How are Indian companies adapting?
00:09:47 - What’s driving the shift to smaller companies?
00:18:00 - What does business transformation suggest?
00:20:48 - Is the burrito distribution trend normal?
00:25:08 - Thoughts on IPO demand-supply mismatch?
00:31:57 - What should retail investors check?
00:37:17 - What sets successful companies apart?
00:43:55 - How is corporate governance evolving?
00:48:07 - Are current valuations a buying opportunity?
00:50:58 - How did megacaps stay resilient?
00:54:03 - Should mega caps change strategies?
00:56:11 - How should one balance a portfolio?
00:59:33 - How will AI impact consulting giants?
01:02:10 - Thoughts on the banking sector?
01:05:21 - Are we in a market bubble?
01:11:17 - Why are investors confident in Indian markets?
01:14:19 - What will drive India’s growth?
01:21:09 - How have trends shaped your approach?