Kurma Research 

Where wisdom meets rigor

The essence of Samudra Manthan—the great churning of the ocean where patience, balance, and collective effort revealed hidden treasures. At Kurma Research, we see investing as a similar journey: a disciplined process of churning vast streams of information with analytical rigor, guided by wisdom to extract enduring value. Just as stability was essential in the myth, our philosophy rests on a steady foundation—ensuring clarity amid complexity and sustainable returns across cycles.  

Our belief: 

Kurma Research team is deeply inspired by the Samudra Manthan (churning of the Ocean) episode in the Hindu Puranas.

Kurma, (Sanskrit: “Tortoise”) is the second avatar (incarnation) of the Hindu god Vishnu. In this incarnation, Vishnu is associated with the myth of churning the ocean of milk. The gods and the asuras (demons, or titans) cooperated in the churning to obtain amrita (the elixir of immortality). The great serpent Vasuki offered himself as a rope, and Mandara (the mountain) was torn out for use as a churning stick. A firm foundation was required to steady the mountain, so Vishnu took the form of a tortoise and supported the churning stick on his back.

We see investment opportunities as our "Samudra" and the process of identifying investible ideas as "Manthan". In our "Samudra Manthan", we look for wealth-creating opportunities and avoid halahala (the poison), which may result in permanent capital loss.

Kurma avatar ("Tortoise") inspires us to focus on a conservative long-term investing approach, being risk averse and firmly believing that wealth creation is a multi-year process with no shortcuts.

Our pursuit: 

Identify durable businesses managed by exceptional leaders with a track record of prudent capital allocation. Investment decisions are based on deep research focusing on businesses capable of generating strong cash flows, reinvestment opportunities, capital allocation history, high margin of safety, competitive advantage, and corporate governance.

We would love to connect, email us at abhishek@kurma.co.in