The business
What does it sell, who pays, and why would they keep paying in ten years?
Independent equity research · India
Capital thatrespects time.
RaSa Capital is where I research Indian businesses every day, write about how money really moves, and build simple tools that help families make better financial decisions.
0Companies in the journal
0Sectors covered
0Theses written
—Latest entry
Our purpose
To help more Indian families understand their money, and to build, one honest page at a time, an investment firm they can trust.
Research in public
Every company I study is logged in the journal, with the date and what I learned.
Education first
Plain-language writing, video and tools for people who were never taught finance.
Long-term by design
Decisions measured in years and reviewed on a schedule, not in daily price moves.
Research journal
What I studied today
One company, every day. What the business does, what caught my attention, and where it sits in my process. These are notes from a learner, written in public. They are not buy or sell calls.
Sample entries. The live journal starts soon.
Philosophy
The arithmetic of patience
I grew up around a family petrol pump in Patna, watching cash come in one litre at a time. That taught me something most market commentary skips: real businesses compound slowly, and the people who win are the ones who stay in their seat.
Move the sliders. The money you put in grows in a straight line. What it becomes curves upward, and the curve only gets steep in the later years.
You invest—
It becomes—
Growth—
ValueAmount invested
Illustration of compounding at a constant rate. Real returns vary year to year. Not a projection or promise.
Process
How I study a business
Every company in the journal goes through the same four questions, in this order. If it fails one, I stop there and mark it dropped.
The numbers
Revenue, margins, debt and cash flow over many years, read straight from the annual reports.
The price
What the market already expects, and whether the business can beat that expectation.
The patience
A written thesis, a date to review it, and the discipline to leave it alone in between.
Letter from the founder
“Anyone can look smart in a rising market. I want to be judged over ten years, on work you can read, check and disagree with.”
Achintay SinghFounder, RaSa Capital · Gurugram
Research focus · Fuel economics
What you actually pay for in a litre of petrol
Most people see one number on the pump display. Behind it sit four layers, and each one moves for a different reason. This is the subject I know from the forecourt, and the base of my research on how fuel prices feed into India's inflation.
Refinery price
Crude oil, refining and freight. Moves with global oil and the rupee.
Central excise
A fixed amount per litre, set by the Centre and the same across India.
Dealer commission
What the pump owner earns per litre. Small, and it has to cover everything.
State VAT
Set by each state, often as a percentage. The reason prices differ city to city.
Work
What RaSa does today
Before managing anyone's money, I want to earn trust in public: by showing my research, explaining my thinking and building things people actually use.
The Newsletter
Plain-language essays on Indian money. Issue #1 asks why Indian families still trust the post office more than the market.
THINK WAY on YouTube
Hinglish explainers on trading and markets, with motion graphics, for people who were never taught finance at school.
Calculators & Templates
A financial calculator app for India and Excel research templates, starting with the stock diary I use myself.
Founder
Achintay Singh
I am a commerce student from Patna, now in Gurugram, studying accountancy, economics and entrepreneurship. My long-term goal is to build a SEBI-registered investment firm. RaSa Capital is where that starts: in the open, one piece of research at a time.
- First investmentFifty shares of Reliance IndustriesA gift from my maternal uncle, who first taught me how investing works. He still reviews my research diary.
- Family businessBuilt a digital accounts system for our petrol pumpReplacing paper registers with a structured Excel system.
- ResearchFuel price volatility and Indian CPI inflationA quantitative study of how pump prices move consumer inflation.
- BuildingWebsite for MAP EnterprisesA mutual fund distribution business.
- WritingOCTANE, a financial thriller, and The Arithmetic of PatienceBoth in progress.
Questions
Straight answers
Is RaSa Capital a fund?
Not yet. RaSa Capital does not manage money, take deposits or offer any investment product. It is a research and education brand today. A registered fund is the long-term goal, and it will only happen with full SEBI registration.
Are the journal entries stock tips?
No. The journal records which companies I am studying and what I learned. It never says buy, sell or hold, and it never gives price targets. Do your own research or speak to a SEBI-registered adviser.
How often is the journal updated?
Most days. Each entry is one company and a short note on what I studied.
Contact
Write to me
For collaborations, newsletter questions or to talk about a business you find interesting.
hello@rasacapital.online