Hi. All your arguments are justified. Have addressed all these issues in my previous comments on 8th April and shared my view on why 500crs for a AMC + PMS biz is very cheap. Pls go through the comments once.
Start-up was in the sense that it just had 8 employees since 1990’s and now from last year have start recruiting. From 8 employees in Sep 2022 to 70 employees in Sep 2024. Most of these employees would be recruited for back-end/ systems. Its at initial phase of scale up and will take time. It has no innovative product yet…
Shriram brand is obviously not associated in the MF industry. Thats where the optionality lies and hence it just trades at 500crs valuation 
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