Kamal Mulchandani


Banks and Non-bank Finance

+91 22 4224 6342

Kamal Mulchandani joined Jefferies in 2025, covering Indian NBFCs, with ~3 years of relevant experience.

What We Are Known For:

Local Insight with Global View. The team covers 118 companies spanning 12 countries from London to Mumbai, and Hong Kong to Bermuda, combining regional expertise with a global perspective. We are also one of the very few brokers who cover the Hong Kong-listed insurers out of London, providing a unique bridge between under-covered Asian opportunities and the international investor community.

Driving the Debate and Thought Leadership. We are quick to opine on emerging themes. Our views frequently contribute to broader industry discussions and are regularly cited in the financial press.

Alternative Data. We embed the use of highly predictive data into our analysis to draw insights. Our regular publications include premium and distribution trackers for Hong Kong and Thailand.

High Conviction, Differentiated Views. We are willing to take high-conviction positions when the evidence supports them, even if that view may appear threatened in the short term. For example, we have campaigned the opportunity in AIA, despite acknowledging the difficult base effect.