I had covered this microcap sometime back highlighting the change of plans and fresh infusion of capital in this otherwise passive AMC.
Being at No.41 only above an amc with zero aum means that there is hardly anything that could go wrong hereon. Last evening the company announced its new MD and an independent director.
Kartik Jain comes with the right set of experience to lead the revived Shriram AMC ship. Prem Samtani will further add more fire power to the board. Now that human and financial capital has been set up, at $9mn valuation we could only expect upside surprises.