Airawat Indices

Enabling Unique
Investment Strategies

About Us

Airawat Indices

Businesses built on a foundation of strong corporate governance principles and practices are far more likely to tide over adverse economic conditions, than those which are not. The financial crisis of 2008, leading to the decline and fall of several large institutions, resulted in corporate governance being at the centre of attention of institutional investors. There is increasing recognition that governance is an investment, and not an item of cost. There is overwhelming evidence to show that institutional investors are attaching considerable importance to the practice of corporate governance by existing and potential investee companies.

So how do we find companies which stand out from the crowd, in terms of governance as well as financial performance?

Enter Airawat Indices!

Airawat is a joint venture between Excellence Enablers, a specialist in matters of corporate governance, and Decimal Point Analytics, a tech-enabled research and data analytics firm. Airawat Indices offer indices based on a detailed methodical approach to evaluate Indian companies on both financial and corporate governance parameters.

Mr. M. Damodaran, widely acknowledged as one of India’s foremost champions of corporate governance, is jointly spearheading the initiative.

Governance Based
Indices are the Need of the Hour

Increased
Investor Acceptance
There is increasing recognition that governance is an investment, and not an item of cost, with evidence suggesting that institutional investors are attaching considerable importance to the practice of corporate governance by investee companies.

Informed
Decision-Making
Airawat’s series of mid-cap indices will help investors unearth mid-cap companies which practice good governance. This will enable informed investment decisions in high-performance companies poised for sustainable growth.

Regulatory
Mandate
According to a recent SEBI consultation paper, going forward ETFs will be able to invest only in companies that have a good ESG track record and/or focus on sustainability.

To begin with, Airawat will be rolling out three indices over the next few months

Airawat

TOuchstone Mid-Cap (ATOM) Index

ATOM index, the first index to be launched, will comprise top 30 mid-cap companies, evaluated on financial and governance parameters.

COMING SOON

Airawat

Universal Mid-Cap Index

Universal Mid-Cap index will comprise all listed mid-cap companies in India.

COMING SOON

Airawat

Laggard Mid-Cap Index

Laggard Mid-Cap index will comprise the bottom 30 mid-cap companies, evaluated on financial and governance parameters.

Data used for financial and governance parameters is based on publicly available information.

Indices

Index Philosophy

Most existing equity indices focus on financial parameters, ratios and performance.

Airawat seeks to capture both the financial and the corporate governance aspects of quality investing in its index, comprising mid-cap stocks.

While the financial aspects capture return on equity, financial leverage, and earnings variability, to name a few, corporate governance aspects factor in composition of board and committees, diversity, audit reports, disclosures and regulatory track record, among others.

Joint Venture Partners

Excellence Enablers
Private Limited

Excellence Enablers is a niche Corporate Governance advisory firm. It does not attempt to be all things to all persons. Improving Corporate Governance policies and practices is the company’s raison d'être. The mission is to demystify Corporate Governance and to persuade corporates that Corporate Governance is nothing more than doing the right things at the right time in the right manner for the right reasons.

We do not tick boxes. We help you think out of the box.

Decimal Point Analytics
Private Limited

Decimal Point Analytics (DPA) is a modern, technology enabled financial research consulting company. DPA’s expertise in data analytics combined with a talented professional team enables the firm to create unique, tailor-made-products, real-time services and solutions for clients. The company aims to create long-term success for its clients, other stakeholders, and the society.

Leadership

M Damodaran

Chairperson, Excellence Enablers

Shailesh Dhuri

CEO, Decimal Point Analytics

Contact Us

India: Mumbai
Head Office

5A, B-Wing, Trade Star Building, J. B. Nagar, Andheri-Kurla Road, Andheri (East), Mumbai - 400 059, Maharashtra, India

+91 9967066333

info@airawatindices.com

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