Nine commitments. They apply to India Value, Global Brands and All Seasons alike, and they are the terms on which we accept capital.
1
We operate a culture of true partnership. Our investor clients are our partners and our fortunes are directly proportional to theirs. Most of our personal wealth is invested alongside them.
2
Our effort is to survive the vicissitudes of financial markets and economic conditions, not to collide head-on with them. We aim for decent returns, not a roulette game.
3
We are not in the business of buying a company just to sell it later. We would rather grow our wealth with the fortunes of a good company held long term.
4
We take immediate action when we have made an error, whether from an error in information processing, new information, or plain simple oversight.
5
We will always be fully transparent about our operations. Every investor, however small or large, has equal right to all information and service.
6
We communicate bad news first. Good news can always wait. If there are no suitable capital allocations, we happily use money market instruments to wait.
7
We will never enter into agreements with third parties whose incentives are misaligned with our investors', however strong or fair the incentive might be.
8
We want to be a happy bunch of people, both investors and the management team. We treat everyone with dignity, respect and care in all our dealings.
9
We will not enter into confidential binding agreements that might jeopardise trust. No special treatment is given to any single party.
