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Making smalltalk

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A Commodity Business That Stopped Being One

Every apartment block going up in Pune, every solar rooftop installed under PM Surya Ghar, every data centre humming in Chennai’s OMR corridor they all need the same unglamorous thing: copper wrapped in insulation, running through walls and conduits. Polycab makes most of it. That single fact explains almost everything about the ...


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Launching portfolio analytics typically requires complex integrations and infrastructure to access mutual fund holdings both from fetching a customer’s mutual fund portfolio and providing portfolio insights. A leading mutual fund advisory backed by marquee venture capital firms platform solved this challenge by using smallcase Gateway’s Mutual Fund Holdings Import (MFHI) capa...


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There is a version of this story that could be told as a list of order wins. That version misses the point. What has happened at Bharat Electronics Limited over the past few months is better understood as a structural shift: from a government-owned manufacturer executing orders to a company that is actively shaping India’s defence technology landscape.

The numb...

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Every quarter, Windmill Capital sends out rebalance updates across its smallcases. Some investors apply them immediately. Others let the notification sit. A few skip it entirely and wonder later why their portfolio drifted.

This article explains what a rebalance is, what we do when we run one, and answers the questions we hear most often.

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Karur Vysya Bank (KVB) was named Best Small Bank in the BT-KPMG Survey of India’s Best Banks and NBFCs. The 110-year-old private sector lender has built its recent track record on operational technology, tighter credit controls, and a deliberate shift in its lending mix.

Ramesh Babu B, Managing Director and CEO, sums up the approach plainly: “Success is not owned; i...


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