2015 All-India Research Team: The Top-Ranked Analysts
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2015 All-India Research Team: The Top-Ranked Analysts


Credit Suisse lays claim to more sector-topping appearances than any other research provider.

A total of ten firms earn at least one first-place position on the 2015 All-India Research Team, Institutional Investor’s fifth annual ranking of the nation’s leading sell-side equity analysts. Credit Suisse researchers are deemed the best in nearly a third of the categories — five out of 16 — that produced publishable results. That’s more than double the number of sector victories claimed by any other research provider. Click on the Leaders link to view the full list of 22 ranked firms.

Two analysts lead more than one lineup. Deutsche Bank’s Manoj Menon outperforms all others in both Consumer categories, Discretionary (for a fourth straight year) and Staples (for a fifth year in a row), while Neelkanth Mishra of Credit Suisse claims his first top finish in Basic Materials and rises one rung to top the roster in Portfolio Strategy.

Menon is one of only two analysts to have finished in first place every year since the All-India Research Team was introduced, in 2011. Morgan Stanley’s Chetan Ahya, now celebrating his fifth consecutive victory in Economics, is the other.

Antique Stock Broking captures its first sector championship, in Oil & Gas. Amit Rustagi, who debuted on the team in 2013 at No. 3 but failed to rank last year, shoots straight to the top this time around.Listed below by sector are this year’s leading analysts.


Abhijit Akella


Autos & Auto Parts

Kapil Singh


Basic Materials

Neelkanth Mishra

Credit Suisse

Capital Goods

Venugopal Garre



Manoj Menon

Deutsche Bank


Manoj Menon

Deutsche Bank


Chetan Ahya

Morgan Stanley


Ashish Gupta

Credit Suisse

Health Care & Pharmaceuticals

Anubhav Aggarwal

Credit Suisse

Information Technology

Kawaljeet Saluja

Kotak Securities


Vikash Mantri

ICICI Securities

Oil & Gas

Amit Rustagi

Antique Stock Broking

Portfolio Strategy

Neelkanth Mishra

Credit Suisse


Amit Golchha

Emkay Global Financial Services

Real Estate

Samar Sarda

Kotak Securities


Sunil Tirumalai

Credit Suisse

Click on the Best Analysts of the Year for information about analysts in second and third place in each sector, plus runners-up (where applicable). Please note: This information is available to subscribers only.

To learn more about how this ranking was compiled, click on Methodology.


On the strength of widespread praise, Kotak takes first place from three-time champ CLSA, which drops to No. 4 in our annual ranking.
New and diverse companies trigger demand for more investment analysis. The big winner: homegrown Kotak Securities.
BTG Pactual lands in second place for a second consecutive year.
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