Principal Analyst/Associate Director – Fundamental Equities (Software)

We are looking for resourceful candidates to join our Fundamental Equities team within the Financial Research group, based in Hyderabad, Bengaluru or Gurugram. The team collaborates closely with front office groups to provide high-quality, in-depth research and analysis, supporting investment strategies, and decision-making processes.

Responsibilities:
In this role, you will cover companies within the Software and Payments sectors and contribute to the development of investment views through rigorous fundamental analysis. You will act as a thought partner to front office teams, supporting idea generation, refining existing investment theses, and bringing differentiated insights into ongoing discussions. Your day-to-day work will involve developing deep understanding of a company’s business model and competitive positioning and building financial models to reflect that understanding. You will track company developments, earnings, news flow, and external research perspectives to identify key themes and inflection points and synthesize these into investment memos. In addition, you will conduct in-depth benchmarking of companies against peers across financial and operational metrics, and engage regularly with management teams, sell-side analysts, intermediaries, and sector experts to inform your research and strengthen sector understanding.

Who we're looking for:
The ideal candidate should hold-
Basic qualifications:
A degree in finance or an equivalent qualification (MBA, CFA, or CA), with at least 7 years of fundamental investment research experience and robust investment analysis skills
Demonstrated hands-on financial modeling and valuation skills
Robust analytical aptitude and keen attention to detail
Excellent verbal and written communication skills, with the ability to clearly articulate investment analysis and perspectives
Preferred qualifications:
Prior investment research experience covering Enterprise Software, Vertical Software, Payments, E-Commerce, IT Services, or other related technology sectors