Swasa Capital publishes full-length investment theses on technology and quality-compounder businesses: explicit verdicts, price targets, pre-mortems, and a dated journal that scores every call against reality. Independent. Personal capital only.
Most stock research is written to be sold: fast takes, headline reactions, ratings that quietly disappear when they age badly. Swasa Capital works the other way. Every company covered receives a full-length written thesis: what the business actually does, the moat and its durability, the financial engine, valuation across bear, base and bull cases, and a pre-mortem that states, in advance, what would prove the thesis wrong.
Nothing is deleted and nothing is rewritten after the fact. When earnings land or facts change, a dated journal entry is appended to the original report. The record stays honest, and the scoreboard is public to every reader of the library.
Swasa Capital is not a business, an investment adviser, a broker-dealer, or a fund. It is a private, personal research notebook. Nothing on this site is investment, legal, or tax advice, and nothing is a solicitation to buy or sell any security.
A 13-section written thesis: business, industry, moat, financials, growth algorithm, valuation, risks, and a bear-case pre-mortem. The same structure for every company, so nothing is skipped.
Every report ends in an explicit call (Buy, Accumulate, Hold, or Avoid) with a 12-month base target, scenario range, and the entry level where the math works. No hedging.
Each thesis stays alive. Earnings, guidance changes and thesis-testing events are logged as dated updates on the original report, so every reader can see how the call aged.
The name is the family, spelled in order. Swasa Capital is what happens when a household of engineers treats its own savings with the same rigor it brings to shipping software.
Software engineer specialising in data analytics, with automotive-industry experience. The numbers conscience of the house: if a thesis can’t survive her spreadsheet, it doesn’t ship.
Automotive embedded-software engineer. Shiva writes every thesis in the library: read everything, write it down, commit to a verdict, keep score. He invests his own money, for his own account.
The little kid of the house, busy exploring fast-moving technology: AI first, everything else next. The reason the long term is the only term that matters here.
The Thesis Library isn’t indexed or broadcast; it’s shared with people who knock first. Leave your name and email (and a note if you like), and the library opens immediately. No account, no password, nothing to manage. Access lasts a week; knock again any time.
Your details go only to Shiva’s private inbox. No lists, no marketing, ever.