Product · Equity research · AI for investing

I find what the market misses, then build the tools that surface it.

Co-founder of KamayaKya, a SEBI-registered research firm. I hunt for growth at fair prices in India's overlooked smallcaps, and build the AI that surfaces it first.

In football, a good coach reads where the player has to be in three seconds, not where he is now. A good analyst does the same with a company, on a longer clock. An AI engine can do it across more signals than any single human can read end to end. Same instinct, every chapter: read the pattern before the field does.

Fourteen years of it, across sports, the consumer internet, and equity research.

Track record · KamayaKya · 4.5 years · as on FY26 · firm internal

The numbers behind the work.

₹55 Cr+
Client wealth advised
31%
CAGR over three years
3,000+
Paying subscribers
34 / 40
Positions closed profitably
₹1.14 Cr
FY26 revenue
Zero
SEBI incidents
Story

Five chapters, one instinct.

Five chapters, one instinct — walk up the curve of the work.

0/0 signals
walk · drag to move
You found every signal. ✦
My career, as the one chart I'd actually walk.
The framework · mine, refined since 2018

A 100-point engine for forward signal extraction.

01 · Growth, six forward catalysts

Find the reason the future differs from the past

Capex at high utilisation or into value-added products, promoter buying, margin-mix shifts, policy and PLI tailwinds, turnarounds, strategic JVs.

02 · Valuation, matched to business type

The right lens for the right business

EV/EBITDA for capital-intensive and cyclical names, P/B for financials where improving ROE signals a re-rating, PEG for stable growers. Never a PE multiple on a cyclical.

03 · Forensics, fifteen checks

Downside protection, run first

Cash-flow versus reported-profit divergence, related-party patterns, receivables bloat, promoter pledging, auditor changes, contingent liabilities, and more. The opportunity comes first; the forensics keep it safe.

04 · Exit, decided on day one

Exit is half the job

Pre-committed conditions for when the signal degrades or when opportunity cost says the capital works harder elsewhere.

0/ 100
A 100-point engine, run on every name.
50+
plant visits
300+
management interactions
The numbers tell you where to look; the ground tells you what is real.
What I've built

Three live, one in build.

Skills

What I work with.

Product
0→1 product creationRoadmap & strategyPRDs & user storiesRequirement analysisWireframing & design directionBacklog prioritisationAgile deliveryLifecycle & retention
Investing & domain
Equity & fund researchModel portfolios & smallcase baskets100-point scoring frameworkFund due diligencePortfolio construction & rebalancingValuation (EV/EBITDA, P/B, PEG)Forensic governanceHNI advisorySEBI RA compliance
Growth & data
GA4MixpanelFunnels & activationConversionExperimentationReferral designKPI definitionLight Python / SQL
Build & AI
ReactVercelCloudflareNetlifyFigmaLovableClaude CodeChatGPTPrompt engineeringAI products in production
Operating
P&L ownershipTeam leadershipStakeholder alignmentRisk & compliance ownershipOperations
About

Aniket S. Kulkarni. Founder-operator. Co-founder, CEO, and Compliance Officer at KamayaKya, a SEBI-registered Research Analyst firm (INH000009843). Co-founder of Zona Mista Sports with Aman Bansal. Earlier, founded UnitedBuzzz (UFNPL), a Manchester United fan platform that grew to 800,000 followers.

Based in Pune. Travels often.

Off-hours I DJ as Mūditā: techno, deep house, the occasional progressive set. Once played a gig in Thailand for some free beers. Walked into a bar, asked if I could play, they said yes.

Aniket Kulkarni
Pune
On the road
On the road
DJing as Mūditā
Mūditā
Connect

If any of this resonates, I'd like to hear from you.

Whether you are building, investing, or thinking about the same problems.