Verdicts,
not volume
Market Minds Advisory was founded on a simple conviction: most market research firms sell volume, not verdicts. Hundred-page decks with no point of view. CAGR projections nobody's willing to sign their name to. Numbers that collapse the moment a real operator pressure-tests them. We built MMA to do the opposite: analyst-led, operator-grade, and confident enough to be wrong out loud. We'd rather be right in public than safe in private
FROM THE LEAD ANALYST
“If an analyst won't put their name on the verdict, the report doesn't ship. Every report. No exceptions.”
MMA Editorial Charter · Article I
Founded
0
Independent privately held headquartered in Pune, India.
Analysts & Researchers
0+experts
Average 11 years of operator or investor experience.
Clients Served
0+
Fortune 500, PE, sovereign funds, family offices.
Reports Published
0+
12 verticals · 85 countries continuously refreshed.
Today companies don't need more data. They need someone willing to call it. we do
By 2019, the global market intelligence industry had become a volume game. Hundreds of identical "Market Size, Share, Growth & Forecast" reports a week, , churned out by junior researchers, signed by nobody, sold for thousands of dollars apiece. The numbers were defensible, barely, but the strategic point of view was almost always missing. Operators bought them out of habit. CFOs filed them. Investors used them as wallpaper for slide decks.
Market Minds Advisory stared as we believed this work deserved to be built differently. Senior analysts in the lead seat, not the review seat. Primary interviews that actually move the answer. Sub-segment math that builds up to the top-line number, not the other way around. And at the end of every report, a verdict: where to lean in, where to harvest, where to walk away. Signed, dated, and defended in front of the client.
Seven years on, we remain deliberately selective by industry standards: 60-odd analysts, 20,000-odd reports, 1,500-odd clients. We have never aimed to be the largest market research house in the world. We aim to be the house that operators, investors, and strategics call first when the question is too important to get wrong.
This page exists so you can decide whether we're the right firm for the question you're trying to answer. If we are, we'd love to hear from you, and we're confident you'll feel the difference from the first conversation.
Bilal Shaikh
Founder & Managing Director · Market Minds Advisory
Four commitments The same four, on every report we ship
Every project we deliver is built on four operating commitments, held without exception, because that discipline is exactly what earns your confidence.
Analyst-led, not template-led
Every report is led by a named senior analyst with operator or investor experience inside the vertical. No template factories. No junior research swap-outs. The analyst who briefs the client also signs the verdict.
Primary, not paraphrased
20–40 named interviews per report formulators, procurement leads, OEM specifiers, channel partners. We publish a redacted interview register so clients can see exactly whose perspective is shaping the answer.
Triangulated, not telescoped
Three independent sizing methods per segment bottom-up, top-down, revealed. We publish the spread, reconcile the gap, and document the bridge. No "single source of truth" hand-waving.
Verdict-bound, not equivocal
Every report closes with a strategic verdict: where to lean in, where to harvest, where to exit. The analyst defends it in front of the client. No "it depends." If we won't sign it, it doesn't ship.
The leadership benchOperators and investors firstResearchers second
MMA's leadership team has been inside the businesses we now analyse as operators, investors and strategists. Every principal owns a vertical or function end-to-end.

Bilal Shaikh
Managing Director · Chemicals, Materials & Packaging
Chemical Engineer worked as commercial-strategy lead across specialty chemicals and packaging conversion. Built MMA's sustainable packaging, polymers and materials-substitution coverage.

David Horsley
Head of Research · Automotive & Industrial Automation
Former manufacturing strategy head at a Tier-1 automotive supplier, later leading robotics and factory-automation diligence for global PE sponsors. Built MMA's Industry & Automation domain

Alice Ballenger
Head of Research · Healthcare
Former clinical pharmacologist turned commercial-strategy lead in Mckinsey. Built MMA's GLP-1, biologics and diagnostics coverage. Advises key PE firms on healthcare allocation investments.

Victor Gallo
VP, Research · Semiconductor, Electronics & Technology
Ex-semiconductor product manager and former VC associate. Leads MMA's GenAI, chip supply-chain and data-center coverage. Advises sovereign funds and key investment firms for decisions making.

Gabriel Dias
Head of Research · Energy, Power & Aerospace/Defence
Fifteen years in consulting in Delloite, worked in grid-scale storage and defense-systems commercial development. Leads energy transition, hydrogen and aerospace supply-chain segment.

Lisa Gevelber
VP, Research · Consumer Products & Food and Beverage
Former brand strategy director at a key CPG house, later leading consumer-behavior diligence for PE sponsors. Sets editorial standards and leads the firm's largest custom engagements personally.
Seven years, six milestonesHow MMA got to where it is today
From a three-person research desk in Pune to a 60-analyst firm working with Fortune 500 strategics, PE sponsors and sovereign funds across 85 countries.
2019 · THE FOUNDING
MMA opens its doors. Three analysts. Two verticals.
Bilal Shaikh founds MMA in Pune with two co-founders and a single conviction: the market intelligence industry needs an analyst-led alternative to template factories. First reports ship in Chemicals & Materials and Industrial Manufacturing.
2019 · THE FOUNDING
MMA opens its doors. Three analysts. Two verticals.
Bilal Shaikh founds MMA in Pune with two co-founders and a single conviction: the market intelligence industry needs an analyst-led alternative to template factories. First reports ship in Chemicals & Materials and Industrial Manufacturing.
2020 · THE CUSTOM DESK
First PE diligence engagement. The custom franchise begins.
A US mid-market PE firm hires MMA for commercial due diligence on a specialty chemicals add-on. The engagement leads to three more, and MMA's custom research desk is formally stood up now half of firm revenue.
2020 · THE CUSTOM DESK
First PE diligence engagement. The custom franchise begins.
A US mid-market PE firm hires MMA for commercial due diligence on a specialty chemicals add-on. The engagement leads to three more, and MMA's custom research desk is formally stood up now half of firm revenue.
2022 · VERTICAL EXPANSION
Coverage expands to eight industries. Healthcare, Energy, TMT join the roster.
MMA hires senior research leads in Healthcare & Pharma, Energy & Utilities, and Technology, Media & Telecom. The firm crosses 100 published reports and 150 clients served.
2022 · VERTICAL EXPANSION
Coverage expands to eight industries. Healthcare, Energy, TMT join the roster.
MMA hires senior research leads in Healthcare & Pharma, Energy & Utilities, and Technology, Media & Telecom. The firm crosses 100 published reports and 150 clients served.
2023 · THE EDITORIAL CHARTER
The verdict rule is codified. Every report, every time. Or it doesn't ship.
MMA formalises its editorial charter, including the named verdict requirement: no report ships without a signed strategic position by the lead analyst. Priya Nair joins as Head of Methodology & Editorial Standards.
2023 · THE EDITORIAL CHARTER
The verdict rule is codified. Every report, every time. Or it doesn't ship.
MMA formalises its editorial charter, including the named verdict requirement: no report ships without a signed strategic position by the lead analyst. Priya Nair joins as Head of Methodology & Editorial Standards.
2024 · 30,000+ REPORTS, 1500+ CLIENTS
Sovereign-fund and family-office desk launches. Long-horizon allocation, deep-vertical lens.
MMA opens a dedicated desk for sovereign wealth funds and large family offices pairing long-horizon allocators with MMA's deep-vertical research. Reports cross 250 published titles.
2024 · 30,000+ REPORTS, 1500+ CLIENTS
Sovereign-fund and family-office desk launches. Long-horizon allocation, deep-vertical lens.
MMA opens a dedicated desk for sovereign wealth funds and large family offices pairing long-horizon allocators with MMA's deep-vertical research. Reports cross 250 published titles.
2026 · TODAY
Twelve industries, eighty-five countries. And the work is only getting started.
MMA enters 2026 with 12 industry verticals, 340+ published reports, 60+ analysts and 450+ clients. The flagship Specialty Polymers franchise has been cited in three sovereign wealth fund investment memos and two billion-dollar M&A deals.
2026 · TODAY
Twelve industries, eighty-five countries. And the work is only getting started.
MMA enters 2026 with 12 industry verticals, 340+ published reports, 60+ analysts and 450+ clients. The flagship Specialty Polymers franchise has been cited in three sovereign wealth fund investment memos and two billion-dollar M&A deals.
We hire operators & investorsAnd then we teach them to write
MMA's research is only as good as the people behind it. We hire analysts with operator or investor experience inside their vertical, not generalist researchers, and we coach them to write to MMA's editorial standard. We are remote-first, India-headquartered, and currently hiring across five verticals.
Open Roles · Q2 2026
Senior Analyst · Coatings & Adhesives
Senior Analyst · Medical Devices
Senior Analyst · Hydrogen & Storage
Senior Analyst · GenAI Spend
Editorial Manager
Have a question worth answering? Talk to a named analyst, not a sales desk
Every initial conversation is with an analyst, never a sales rep. Bring us the question, the timeline, and the decision it's shaping, and we'll assess it with the same rigor we bring to every engagement, then map out precisely the right way forward for your work.

