Research Analyst

Research Analyst – PE/VC Fund (Indian Manufacturing & Industrials) Location: Mumbai, India Experience: 3–5 years (Post-MBA) Compensation: ₹10 - 15 Lakhs + Equity Upside Role Type: Full-Time | Founding Team | High-Growth We are building a growth-stage PE/VC fund with a dedicated focus on Indian manufacturing and industrials, backed by a family office. Our edge lies in deep operational value creation, driven by proven Lean manufacturing expertise, hands-on advisors, and a data-driven approach to subsector selection and investment thesis development. This is a rare opportunity to join a fund at inception, shape the research engine, and influence investment strategy from Day 1. This is a first-research-hire role with a clear pathway to leadership. Over 2–3 years, you will evolve from executing research to leading the research function, building processes, and managing a small analyst team. You will work across the entire investment life cycle — from sourcing and screening companies to supporting due diligence, thesis building, and portfolio value-creation initiatives. Conduct screening calls and preliminary diligence with founders/management teams Build high-quality target lists across manufacturing subsectors (primary + secondary research) Research & Analysis Conduct deep company and industry research using MCA, market databases, and sector reports Perform financial screening: revenue trends, margin quality, leverage, working capital cycles Support investment thesis development with data-backed insights Pipeline & Ecosystem Building Maintain structured pipeline dashboards and research repositories Build and nurture networks across advisors, intermediaries, OEMs, and trade associations Contribute to brand building, ecosystem presence, and LP outreach (as needed) Lifecycle Involvement Participate in deal evaluation, due diligence, and portfolio monitoring where relevant Creation of scalable research workflows and intelligence systems High-quality market intelligence delivered to portfolio companies MBA from Tier-1 (IIM/ISB) or strong Tier-2 (FMS, XLRI, JBIMS, SPJIMR, MDI, etc.) 3–5 years post-MBA experience in investment research, consulting, corporate strategy, financial analysis, or corporate development Strong financial literacy (must be proficient with P&L, balance sheet, cash flow, MCA filings) Excellent communication skills — especially for founder-level screening calls Demonstrated analytical horsepower and ability to extract insights from complex data Process-building orientation; Natural relationship-building skills and professional presence Engineering background (mechanical/chemical/industrial) Experience in PE/VC, IB, or M&A Familiarity with Indian manufacturing supply chains and industrial ecosystems Experience in early-stage or entrepreneurial environments Clear Growth Path: Move from execution → research leadership → team management Exposure to PE/VC investing, Lean manufacturing, operational excellence High Autonomy: Freedom to design research processes and systems end-to-end Powerful Network: Collaborate with top-tier manufacturing advisors and industry leaders The role demands independent judgment, proactive execution, and the ability to move work forward even when leadership is remote. Office-based in Mumbai, with travel for site visits and company meetings. Please submit the following via our Google Form (link below): # What excites you about building a research function at an early-stage PE/VC fund? # Process-building example: Share one under-the-radar subsector in Indian manufacturing/industrials that you believe is interesting — and why. #Google Form -