Overview

Maxim Research Private Limited provides differentiated and value-add research & analytics services to its global clients. Maxim caters to both buy-side and sell-side clients by providing research support across asset classes such as Equities, Fixed Income and Alternative Investments. Maxim does not operate just as a Knowledge Process Outsourcing firm but it offers intellectual insights while working with clients as partner, simultaneously providing stability and flexibility of a vendor.

Maxim Research operates through four Strategic Business Units: Buy-Side Research, Sell-Side Research, IB & PE Support and Customized Research.

Buy-Side Research:- Maxim’s Buy-Side Research provides end-to-end research support to buy-side clients such as hedge funds, family offices, private equity & venture capital firms and other asset management companies.

Sell-Side Research:- Maxim's Sell-Side Research is primarily targeted at independent research providers, investment banks and brokerage firms researching global bonds and stocks across market capitalizations (large, midcaps and small/micro caps).

IB & PE Support:- Maxim Research provides IB and PE Support to clients such as Investment Banks, Private Equity & Venture Capital firms, and Corporates.

Customized Research:- Maxim provides Business Research/Consulting, Data Aggregation, and CFO support to Advisory & Consulting Firms and Corporates.

Management Team

Mahesh Joshi

Mahesh Joshi, CFA

Mahesh has more than 25 years of diverse global experience across Equities, Fixed Income, Investment Banking, and Hedge Funds. He has extensive experience in solutions design and client servicing while working as a Head of Research for KPO firms based in India. Mahesh has a 360-degree view in the investment research space due to working in multiple roles as a Head of Research, buy-side analyst & fund manager (UTI Mutual Fund), Investment banker (Genpact/Wachovia), sell-side analyst (HDFC Securities) and credit analyst (CARE Ratings). Mahesh holds a Master's Degree in Management Studies (MMS) from JBIMS, Mumbai and a Bachelor's Degree in Mechanical Engineering from VJTI, Mumbai. Mahesh is also a CFA charter holder.

Amol More

Amol More

Amol has about 20 years of experience in the Investment Research space covering the Sell-Side, Private Equity, and Buy-Side. In an earlier stint, he worked with a Swiss-based Private Equity firm, identifying investment opportunities in 'CH+4' markets. Prior to that, Amol worked with a US-based bulge bracket investment bank, tracking a portfolio of IT companies and also supported an independent US-based research provider in initiating and maintaining stock coverage. Amol completed his master's in finance (MMS) from Sydenham Institute of Management, Mumbai and holds a Mechanical Engineering degree from the Government College of Engineering.

Why Maxim ?

Cost effective yet high quality research:
Maxim Research differentiates itself from other vendors by offering cost effective customized research leveraging its domain expertise and usage of its own proprietary templates (models, reports).
We have analysts drawn from the best management institutes who are highly experienced in the areas of financial research and having deep sectoral expertise.

100% focused on financial services
Maxim Research is 100% focused on financial services. Yes, we have put all our eggs in one basket!. We will focus on financial services and develop a complete range of services in order to provide end to end solutions to our clients.

Can provide scalability to your business model
Maxim Research as a trusted vendor can partner with you and provide scalability to your growth plans. We are the subject matter experts!
Maxim Research have subject matter expertise in all the areas they operate in. Our team has a cumulative experience of 50+ years in areas of research and analytics.

100% safety on data security:
As a firm situated in India we fully understand the importance of data security from the client’s perspective. We have a backup server where the files can be recovered and the data is secure. There are network restrictions in place to prevent any data security lapse.

Case Studies


Case Studies Set 1: Buy-side equity research support

Client 1 : US based buy-side client
Client work stream:
⇒ Initiate coverage on 110 large-cap stocks existing in the client coverage universe
⇒ Earnings and event updates on stocks initiated
⇒ Investment ideas (stock ideas) and Stock screening


Client 2 : US based hedge fund
Client work stream:
⇒ Offered end-to-end services covering the entire investment cycle from target identification and investment due diligence to portfolio monitoring
⇒ This included investment opportunity analysis, financial modeling and benchmarking, company research, trading comparables and investment updates


Client 3: UK based hedge fund
Client work stream:
⇒ Monitor news and developments on coverage companies and maintain a corporate actions/earnings tracker
⇒ Build and update financial models for new and existing coverage and provide on-demand research support
⇒ Morning Newsletter with all the major news, developments and corporate actions related to coverage companies in the client’s inbox before arrival.
⇒ Financial Models are updated with latest results and delivered during the earnings season, hours before the London Market opens, allowing the client to act on earnings.


Case Studies Set 2: Sell-side Equity research support

Client 1 : Independent Research Provider in the US
Client work stream:
Independent research covering global companies listed on NASDAQ
Includes initiating coverage on stocks and preparing earnings and event updates


Client 2 : Brokerage firm in the UK focusing on Frontier markets
Client work stream:
Preparing Equity Daily tracking news flow and price movements of the stocks under coverage list
Preparing financial models
Initiating coverage on stocks and preparing earnings and event updates


Case Studies Set 3: Buy-side and Sell-side Fixed Income Research

Client 1: UK based brokerage firm
Client work stream:
Financial modeling including capital structure analysis, covenant analysis and collateral analysis
Fundamental credit analysis and Relative value analysis using cash bonds
New issue and initial notes for new investments and quarterly review notes for ongoing surveillance


Client 2: US based firm
Client work stream:
New issue and initial notes for new investments and quarterly review notes for ongoing surveillance
Financial modelling and fundamental credit analysis


Client Testimonials


We have been working with Maxim Research for more than a year. The team helped us in the set-up of Equity Daily product and has been supporting us in wide range of activities - building financial models, writing earnings updates etc. They have been responsive, thorough and professional. I have really enjoyed working with the team.
Partner and Head of Equity Research, UK based boutique investment bank



Working with the Maxim Research analyst has been a pleasure. I have utilized their services in preparing earnings templates, financial models for my portfolio stocks. They have demonstrated strong attention to detail and their deliverables have been accurate and 'on time'.
Managing Principal & CIO, US based Hedge Fund



I have been working with Mahesh and his team for about a year. Maxim Research has been a key partner and has supported me in various projects. The analysts think ‘out of the box’ and come up with new ideas and solutions to enhance the final output of the project. They bring to table strong financial modelling skills, deep sectoral expertise and an ability to package all this in a client-ready deliverable.
Founder & CEO, UAE based boutique Investment bank



Analysts at Maxim take full ownership of tickers assigned to them. They track the required news flow related to company/sector, attend conference calls and are proactive in their stock coverage. They are our ‘trusted and reliable’ analyst team
Managing Principal & Founder, US based independent research provider



We have been working with Maxim since last 18months. Initially we were taking their services in relatively simple tasks such as data aggregation, comps sheets, inputing historicals etc. However with time they have started supporting us in complex work such as generating trade ideas and providing buy-side support (providing recommendations) on stocks within our portfolio coverage.
Sr. Vice President, US based buy-side firm