The March 2026 sessions featuring Mr Samit Vartak & Mr Tushar Bohra are the finale episodes of IIC Prime; post which, the platform will NO longer be updated. Auto-pay for monthly subscriptions will expire at midnight on 31st March 2026. The entire library of 210+ sessions will remain available as an archive freely accessible by all.
IIC was co-founded by my brother, Hemant, and me (Jatin Khemani) in early 2017 as a passion project. I am a finance geek, while my brother is a hardcore techie; together, we tried to leverage our respective domains to achieve reach & impact. IIC soon became the pioneer in bringing the best minds to the wider investing community, focused on India but present throughout the world. Over the next decade, IIC would host 210+ sessions with ~100 instructors, including some of India's finest fund managers, analysts, and investors.
For viewers (investors), it was a great learning experience to observe practitioners in action as they assess business and management quality through live case studies and estimate valuation ranges to judge potential risk-reward.
For instructors (presenters), it became a sounding board for contrarian views, as viewers were often professionals and entrepreneurs in the relevant industry, as well as fellow fund managers & analysts tracking the same industry.
For team IIC, putting this together turned out to be an extremely fulfilling task. It also gave us an opportunity to contribute more to the NGOs we support - The Art of Living, Perfect Foundation, and Dakshana Foundation (as well as PM Cares during the COVID years).
From its very beginning, IIC was fortunate to host veterans like Mr G Maran, Mr Ramesh Damani, Mr Sunil Singhania, Mr Samir Arora, Mr Madhu Kela, Prof. Sanjay Bakshi, and Mr Ian Cassel, among others.
Throughout this decadal journey, we maintained certain principles despite getting lucrative offers:
It is perhaps this steadfast focus on certain values, that the platform was able to attract many low-profile but seasoned investors & fund managers who had either their media debut on IIC or amongst their rare public appearance ever - Mr Jigar Shah of Banyan Tree PMS, Mr Paresh Sangani of Club Millionaire PMS, Mr Sumeet Nagar of Malabar Fund, Mr Amit Mantri of 2Point2 PMS, Mr Manish Gupta of Solidarity PMS, Mr Sameer Shah of ValueQuest PMS, Mr Keshav Garg of CounterCyclical PMS, Mr Nirav Parikh of Molecule Ventures PMS, Mr Satish Kantheti of Zen PMS, among many others.
IIC was also fortunate to attract passionate individual investors with deep domain knowledge, including Mr Sajal Kapoor, Mr Abhinav Mansinghka, Mr Hitesh K, and Mr Kiran Dhanwada, among others, for their media debuts and to share their insights & learnings with the wider investing community.
Looking at the IIC library, some sessions still give us goosebumps. Many of today's fancied businesses, commanding market capitalisations of Rs 5,000 to 15,000 Crores, were discussed in length when they were as low as Rs 100 - 1,000 Cr in market cap. Some such names include Shaily Engineering at Rs 500 Cr Mkt. Cap, TD Power at Rs 500 Cr Mkt. Cap, Godavari Power at Rs 650 Cr Mkt Cap, Sandur at Rs 700 Cr Mkt Cap, Aditya Vision at sub-1000 Cr Mkt Cap, RACL Geartech at Rs 70 Cr Mkt Cap, Alkyl Amines at Rs 1,600 Cr Mkt Cap, among others. These presentations go way back 5-9 years, when these were still niche, undiscovered microcap or smallcap stocks, but with solid & scalable business models run by ambitious owner-operators.
Not only business analysis, but many sessions on framework & thematic analysis were also landmark in their relevance & timing - Sessions on Gold by Mr Naresh Katariya followed by Mr Siddharth Bhaiya post COVID. On why Buy-at-any-price (BAAP) doesn't work in the long run by Mr Samir Arora in 2021, a costly lesson which investors in high-quality businesses learnt over the next 5 years. A Beginner's Guide to Global Equities by Mr Raunak Onkar of PPFAS, way back in 2020.
Looking back, it is a great sense of fulfilment that the platform had the chance to host such stalwarts and serve as the medium for the exchange of their insights & learnings.
While IIC pioneered the format in 2017, more such platforms have emerged in recent years. India now has multiple online conferences on the lines of 20:20 (20 speakers speak for 20 min each), as well as in-person events across the length & breadth of the country, all doing a great job of spreading the foundation of equity analysis through a practical format. I am often a speaker myself at prominent events like TIA 20:20 in Chennai & Alpha Ideas 20:20 in Mumbai.
Accordingly, our perception of the value we bring to the table has decreased from when we started a decade ago. Even though interest has clearly shifted to T20, IIC continues to believe in Test Cricket (average IIC session length is more than twice as long, at over 45 min).
Further, the effort (as well as the cost) to keep this project running in the most ethical & compliant manner has only increased in light of evolving regulations and other engagements of the founding team.
Like human beings, companies and projects too have a life cycle, and we believe that, at least in this avatar, the IIC platform has run its course. We continue to believe the library has immense value for students of value investing, and most of the sessions will stay relevant for a long time to come. Accordingly, we have decided to keep the platform live (without further updates) so that the library remains freely accessible to all.
Rest assured that if we can identify another relevant format in the future, for which we can bring a unique lineup that genuinely adds value, we may revive the platform.
We have our deepest regards for all the instructors & the viewers for supporting us in this project. We will forever be grateful for your contribution & good wishes.
Best wishes,
Jatin Khemani,
Hemant Khemani &
Team IIC
Disclosure: This is a heartfelt sign-off by a human team. No AI was used in writing this.
