Saurabh Kulkarni

Saurabh Kulkarni joined Jefferies in November 2024, after two years in Investment Banking.

What We Are Known For:

Wide Coverage: A balanced approach to stock ratings with well-timed calls and thorough analysis on companies, a focus on growth drivers, earnings quality, FCF and accounting. In-depth industry knowledge coupled with strong corporate access + channel checks.

Experience Through Cycles: Sonali has built a good research franchise, especially in India Electronics, Manufacturing and EMS with multiple thematic reports, backed by Promoter Access and Key Industry contacts.

Anti-Consensus Stock Calls: Sonali has historically generated alpha by taking anti-consensus views in which she has high conviction, even when those views may appear threatened in the short term. Example: Our downgrade of DIXON generated significant client engagement.

Driving the debate/thought leadership. We apply our knowledge, experience and empirical research to generate high conviction calls that test received wisdom in the sector.

Kelly is recognized for early identification of cycle inflection points, deep insight into Chinese industrials’ global expansion, and translating China trends into global investment opportunities, supported by strong industry knowledge, policy insight and management access.