Mr. Kalpesh Kaushik has spent more than two decades as an entrepreneur, building businesses from scratch. He brings that same understanding to every company he studies today, not as an outsider, but as someone who has been on the inside.
Over the years, that journey led him to build four distinct businesses, across finance, retail, technology, and healthcare. Each one gave him a different lens on what it really takes to build something that lasts. This is where that story starts.
Vriddhi began in 2008 as a mutual fund distribution business. Over the years it evolved, from an associated person in 2011 to a SEBI registered research analyst in 2026. What began as distribution has grown into full-fledged, independent research.
A wholesale distribution network for spectacle frames and sunglasses, built to supply retailers across the country. Running this business gave Mr. Kalpesh Kaushik a close, practical understanding of retail distribution and supply chains.
An SAP consulting firm helping enterprises solve complex operational challenges. Through Intelliwaves, Mr. Kalpesh Kaushik worked closely with corporate clients on the technology backbone that runs large businesses.
A healthcare software solution built for doctors and hospitals, designed to simplify day to day clinical and administrative work, Health Hero brought Mr. Kalpesh Kaushik into the world of healthcare technology and its unique operational demands.
Operating at the ground level of financial services, healthcare software, retail distribution, and corporate technology consulting gave Mr. Kalpesh Kaushik a real, practical understanding of what makes a business sustainable and profitable, not in theory, but in day to day execution.
After two decades of building businesses, Mr. Kalpesh Kaushik has developed an instinctive sense for spotting what makes a company genuinely strong, and the early signs of what could cause it to struggle. That instinct cannot be taught. It is built.
As Sundar Pichai said, “Over time, individuals develop the ability to recognise patterns in problems. Leaders may not see the same problem again but they see a version of the problem they’ve already tackled and relying on prior experience helps make sound, rapid decisions.”
When we look at a public company today, we apply the same instinct that helped us build our own businesses. The question we always ask is simple: Is the Dhandha solid?
There is no shortage of information in the market today. What is missing is clarity. Most research is written for institutions, buried in fifty page documents and language that few outside the industry can follow. For an everyday investor trying to make a sound decision, that is not information. That is a barrier.
After twenty years of building businesses, Mr. Kalpesh Kaushik saw this clearly. He had spent his career understanding businesses from the inside, and he knew that understanding did not require complexity. It required someone willing to explain it simply and honestly.
That is what Vriddhi Money exists to do. Our Research Reports and Model Portfolios are built on the same process we use to invest our own money. When you read our research, you are not buying an opinion. You are getting the thinking of people who have actually run businesses and know what to look for.
Our Mantra
“We Are In The Business Of Understanding Businesses.”
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