Insights

Our research and perspectives on investing.
Our learnings and reflections on life.

The Indian IT delivery pyramid becoming a diamond as AI automates the junior base: a wide margin spread narrowing, and a low cost base becoming a higher average cost.
Research

AI and Indian IT

Indian IT’s margin has historically been the gap between what a junior developer costs and what the client is billed. AI is squeezing margins from both ends. And the winners of the future will be very different from the winners of the past.
AI and Indian IT
Search icon.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Research
All

AI and Indian IT

September 4, 2026
The Indian IT delivery pyramid becoming a diamond as AI automates the junior base: a wide margin spread narrowing, and a low cost base becoming a higher average cost.
Research
All

Eye on India | FY26 Q4

June 8, 2026
Cover of Eye on India FY26 Q4, January to March 2026, Meritus India Fund
Research
All

The Non-Lending Flywheel

April 21, 2026
Hand-drawn flywheel diagram linking distribution, brand and scale to operating leverage and stickiness
Perspectives
All

Alpha = Selection × Execution

April 16, 2026
The equation alpha equals Selection times Execution, set in serif type
Research
All

Eye on India | FY26 Q3

March 4, 2026
Cover of Eye on India FY26 Q3, October to December 2025, Meritus India Fund
Research
All

Eye on India | FY26 Q2

November 29, 2025
Cover of Eye on India FY26 Q2, July to September 2025, Meritus Capital Partners
Research
All

Eye on India | FY26 Q1

August 15, 2025
Cover of Eye on India FY26 Q1, April to June 2025, Meritus Capital Partners
Post cards
All

Reflections from Omaha

May 4, 2025
Research
All

Microfinance in India: A Changing Landscape

March 12, 2025
Perspectives
All

Launching Meritus Capital: A next-generation investment firm focused on India

March 1, 2025