Research Manager - Pharma & Healthcare Sector

Job Summary:

The individual will independently lead Pharma & Healthcare sector research for Valmiki Leela Capital, covering key industry segments and building in-depth knowledge of companies, business models, market trends and competitive dynamics. The role will focus on analyzing unlisted companies, conducting sector and business due diligence, and providing research-led inputs for IPO evaluation and execution.

Key Responsibilities:

• Independently manage Pharma & Healthcare sector coverage, including Pharmaceuticals, APIs, Formulations, CRDMO/CDMO, CRO, Biotechnology, Hospitals, Diagnostics, Medical Devices and Healthcare Services.
• Conduct detailed industry and sector research covering market size, industry structure, growth drivers, competitive landscape, regulatory environment, pricing dynamics and sector-specific operating metrics.
• Identify and analyse unlisted, pre-IPO and growth-stage companies, evaluating their business models, product portfolio, financial performance, market positioning, competitive advantages and scalability.
• Prepare detailed company research, sector reports, industry studies, financial analysis, valuation models, peer benchmarking and management/business assessments.
• Conduct primary research and business due diligence through management interactions, industry experts, doctors, distributors, customers and other relevant market participants.
• Support IPO execution and transaction activities through industry due diligence, business analysis, peer comparison, DRHP/RHP review and preparation of sector-specific inputs and transaction materials.
• Build and continuously maintain a Pharma & Healthcare sector intelligence database, tracking companies, products, regulatory developments, industry transactions, emerging trends and potential capital-market opportunities.

Critical Requirements:

• 5+ years of relevant experience in Pharma & Healthcare Equity Research, Industry Research, Investment Banking, Merchant Banking, Consulting or a related research function.
• Strong hands-on experience covering Pharma & Healthcare sectors with the ability to independently own the complete sector.
• Strong understanding of Pharmaceuticals, APIs, Formulations, CRDMO/CDMO, CRO, Biotechnology, Hospitals, Diagnostics, Medical Devices and Healthcare Services.
• Experience analysing unlisted and pre-IPO companies will be strongly preferred.