Market Minds Advisory
About Market Minds Advisory

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

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Independent privately held headquartered in Pune, India.

Analysts & Researchers

0+experts

Average 11 years of operator or investor experience.

Clients Served

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Fortune 500, PE, sovereign funds, family offices.

Reports Published

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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

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

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

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

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

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

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.

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.

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.

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

Pune / Remote

Senior Analyst · Medical Devices

Pune / Remote

Senior Analyst · Hydrogen & Storage

London / Remote

Senior Analyst · GenAI Spend

Bengaluru / Remote

Editorial Manager

Pune

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.