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By Raj Lokhandwala  ·  Equity Research

Invest Better.
Compound Wealth Faster.

Independent, deep fundamental research
for serious long-term equity investors.

We help entrepreneurs, business owners, professionals and full-time investors identify exceptional businesses, build conviction and invest with a long-term mindset.

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Research services by a SEBI-registered Research Analyst (Reg. No. INH000025452). Not investment advice. Past performance is not indicative of future returns.

8848 Mt. Everest  ·  8,848 m Deep Research. Unwavering Conviction.
8,848 m
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Research Depth Institutional Quality
Investment Horizon Long-Term Focus
Coverage Universe Listed Indian Equities
Approach Fundamental Analysis
Our Investment Approach

Deep Fundamental Research
for Serious Long-Term Equity Investors.

We are fundamental investors at heart. Our approach is flexible and can include:

Quality + Growth at a Reasonable Price

Investing in high-quality businesses with attractive growth prospects when valuations are reasonable.

Value Investing

Buying businesses at a significant discount to our assessment of their intrinsic value.

Turnarounds, Cyclicals & Special Situations

Selectively pursuing opportunities where we believe the risk-reward is particularly attractive.

Our Style

We do not believe in being tied to a single investment style. Markets are constantly changing, and we want to remain nimble, flexible and opportunistic.

Our Standard

However, one thing will never change: every investment idea must be backed by deep fundamental research, a strong understanding of the business, and a clear assessment of risk versus reward.

What We Don't Do

We do not speculate. We do not chase momentum. We do not invest simply because something is fashionable or currently popular in the market. Those approaches do not give us the conviction required to invest our hard-earned capital.

Our Objective

We believe that protecting the downside is at least as important as capturing the upside. Our objective is not to predict what the market will do next — it is to understand businesses deeply and invest when the risk-reward is compelling.

Who Is This For?

This Research Is
Designed For:

We believe the best investors are not those who blindly follow someone else's recommendations, but those who continuously build their own understanding of businesses and investing.

Our research is intended to help you think better, not think for you.

DIY equity investors who make their own investment decisions.

Long-term investors, rather than traders or short-term speculators.

Investors looking for well-researched investment ideas and insights.

Investors serious about long-term wealth creation and compounding.

Investors willing to do their own homework — read the research, develop their own understanding and conviction, and make their own decisions.

Who Is This Not For?

This Service Is
Not Suitable For:

We want to be upfront about who this research is designed for, and who it is not.

I

Quick Tips & Guaranteed Returns

Those looking for quick tips or guaranteed returns will not find what they're looking for here.

II

No Business Understanding

Those who do not want to understand the businesses they invest in.

III

No Independent Research

Those who are unwilling to do their own research and form their own conviction.

IV

Traders & Speculators

Traders and short-term speculators looking for rapid returns rather than long-term wealth creation.

V

Model Portfolio Followers

Investors looking for a ready-made model portfolio to blindly follow without developing their own understanding.

What Do We Provide?

Research. Insights. Understanding.

Our research will focus on helping investors develop a deeper understanding of businesses, industries and the investment process. This may include:

Investment Ideas & Cases

Detailed investment cases on businesses where we believe the risk-reward is attractive.

Deep Fundamental Research

In-depth research on selected businesses and sectors, including their business models, competitive advantages, industry dynamics, financials, management, growth opportunities, risks and valuation.

Investment Frameworks & Insights

Frameworks, mental models and insights that can help investors think more clearly about businesses, valuations, risk and long-term investing.

Investing Wisdom

Occasional insights and lessons from some of the greatest investors in the world, as well as from thinkers and practitioners in other fields that can improve our approach to investing and decision-making.

The objective is to provide high-quality research and insights that investors can use to develop their own understanding and conviction.

All paid content available via our website & Substack, with new research delivered directly to your inbox.
Membership

Research Without Compromise.

A subscription service delivering high-quality research and insights for serious long-term investors.
All paid content available through our website and Substack, delivered directly via email.

Annual Membership
₹49,999 / year + 18% GST
Total ₹58,998.82 incl. GST · Within SEBI family cap of ₹1,51,000
  • Model portfolio with weightages
  • Investment Ideas & Detailed Cases
  • Deep Fundamental Research on businesses & sectors
  • Investment Frameworks & Mental Models
  • New research delivered directly via email
  • Full access via website & Substack
Apply for Membership →

Cancel anytime with pro-rata refund for unexpired period. Review our Refund Policy and Terms.

Sample Research
Free
Before you commit
  • One complete research note
  • Our investment framework
  • Business analysis methodology
  • What premium membership includes
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Evaluate the depth and quality of our research before making any commitment.

What We Do Not Provide

We provide research.
You make the decision.

We provide research, analysis and ideas. You make the final investment decision.

We believe this creates a better alignment of incentives: rather than asking you to blindly follow a recommendation, we want to give you the research and thinking necessary to make an informed decision yourself.

We do not provide:

✕ Direct buy/sell recommendations
✕ Model portfolios
✕ Short-term trading calls
✕ Speculative tips or market predictions
About the Founder

The person behind
8848 Invest.

Raj Lokhandwala — Founder, 8848 Invest
RL
8848 The highest standard
Raj Lokhandwala Founder, 8848 Invest

8848 Invest is built on a simple belief: that serious investors deserve serious research.

The name 8848 comes from the height of Mount Everest — the highest standard. It reflects our commitment to delivering research of the highest quality, with the depth and rigour that most individual investors simply don't have access to.

I started 8848 Invest because I saw a clear gap in the market. Individual investors with significant capital and a long-term orientation were making decisions without access to the quality of research they deserved. Brokerage reports were conflict-ridden. Social media was filled with noise. And genuine, conviction-driven research simply wasn't available.

Our mission is straightforward: help serious investors make better decisions, build stronger conviction and compound their wealth over the long run.

Independence No conflicts. No brokerage commissions. Just honest research.
Depth We go beyond the numbers to truly understand businesses.
Long-Term We think in decades, not quarters.
FAQ

Common Questions.

As a member, you receive full access to all research notes published on the platform. Each note is a comprehensive analysis of a listed company — covering business model, competitive advantages, management quality, financial analysis, valuation and investment thesis. You also receive portfolio updates, watchlist reviews and access to exclusive member Q&A sessions with Raj.

Brokerage research is produced by firms with significant conflicts of interest — they make money from transaction commissions and investment banking mandates. Our research is fully independent with no such conflicts. We have no incentive other than providing you with the best possible analysis. We also take a long-term view, unlike brokerage reports that are often driven by near-term price targets.

Yes. Lokhandwala Raj Zahir (trade name: 8848 Research) is duly registered with the Securities and Exchange Board of India (SEBI) as an individual Research Analyst under Registration No. INH000025452 and enlisted with RAASB (BSE Limited) under Enlistment No. 7001. We provide independent equity research reports and model portfolio recommendations strictly within the meaning of the SEBI (Research Analysts) Regulations, 2014. We do not provide personalized investment advice, do not manage client funds or demat accounts, and do not execute trades on behalf of clients. See our Regulatory Disclosures.

We are deliberately selective. Rather than covering hundreds of companies superficially, we focus on a concentrated universe of high-quality businesses that we cover with genuine depth. Quality over quantity is a core principle of our research approach. We would rather produce three outstanding notes than thirty mediocre ones.

Absolutely. We encourage prospective members to read a sample research note before committing to a membership. This gives you a clear sense of the depth, quality and approach of our research. Reach out to us via the Sample Research button above to request a copy.

We deliberately limit the number of members we accept to ensure the quality of our service is never compromised. A smaller, focused membership base allows us to spend more time on research, respond more meaningfully to member queries and build genuine long-term relationships with the investors we serve. We open new slots each quarter.

8848 Invest is designed for investors who invest directly into stocks, have meaningful capital to deploy (₹50 lakhs or more), prefer a long-term approach, and want institutional-quality research to support their decisions — without having the time or resources to conduct that research themselves. Our members are typically entrepreneurs, business owners, professionals and full-time investors.

Ready to Invest Better?

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to extraordinary returns.

Join a select group of serious investors who are building long-term wealth through deep research and patient conviction.

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