Track Record of Identifying Rare Wealth CreatorsTrack Record of Identifying Rare Wealth Creators
Manish Goel - SEBI Registered Investment Adviser

About Manish Goel

SEBI Registered Investment Adviser • Chartered Accountant

446 Articles Published

Manish Goel is a Chartered Accountant and the Founder of Multibagger Securities Research & Advisory Pvt. Ltd. (SEBI Registered Investment Adviser, INA100007736). A full-time value investor since 2010, he writes on value-investing principles for education and general awareness.

October 2, 2026
Cover illustration: a stack of gold tiffin boxes with a small navy tag on top, beside a row of gold coins of rising height, under the headline what it costs to win a customer, and what the customer is worth

The Tiffin Lady’s Arithmetic: What It Costs a Business to Win a Customer, and What That Customer Is Worth Over the Years

Every business pays something to win a new customer. The quiet question is how long that customer stays and what they bring while they are there. A tiffin service and a famous warehouse club show how to see it.
October 1, 2026
Cover illustration: a large gold and navy umbrella drawn over a neat stack of gold coins, with raindrops falling around it, under the headline an umbrella bought on a sunny day

The Umbrella in the Cupboard: Why Spare Cash Lets a Strong Business Go Shopping When Everyone Else Is Panicking

Every household keeps an umbrella for the day it rains. A business keeps spare cash for the same reason. But the best businesses use that cash for something more interesting than staying dry. Here is a simple way to see what spare cash is really for.
September 30, 2026
Cover illustration of a sweet shop kitchen drawn as a simple diagram: a single large oven in the middle labelled ONE OVEN, with a gold arrow leading out to a row of shop counters, and a small warning mark over the oven, under the headline what happens on the day it stops

One Kitchen, One Oven: How to Judge a Business That Makes Everything in One Place

A famous sweet shop makes every sweet in one small kitchen with one big oven. On an ordinary day that looks efficient. On the day a pipe bursts, it looks very different. Here is a simple way to ask what happens to a business when its one important place stops working.
September 29, 2026
Cover illustration of a single mango tree drawn in three connected panels: on the left a cutaway of deep healthy roots under the word QUALITY, in the middle a tree with fresh new branches under the word GROWTH, and on the right a row of calendar pages stretching into the distance under the word LONGEVITY, with the headline three questions before anything else

The Mango Tree Test: Raamdeo Agrawal’s Three Simple Questions for Judging a Business

A farmer who plants a mango tree asks three quiet questions before anything else: are the roots healthy, is it putting out new branches, and will it still be giving fruit twenty years from now? One of India’s best-known long-term investors asks the very same three questions of a business — and you can too.
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