Research thatchecks itself.

Our flagship

FiDUS Desk

FiDUS Desk is an agentic research system built on every Indian company's filings. It sources ideas from value chains and screens, builds the analysis, holds your written thesis against each new filing and call, and tells a portfolio manager what changed on the book. Brokers use it to write and refresh coverage in their own format. It produces evidence. The decision, and every regulated call, stays with you.

Read the briefHow it works

01/For funds, buy side

FiDUS Desk

Research that checks itself.

Request accessRead the brief

Find, understand,monitor, hold.

Funds read the market's claims against the filings. Brokers write them from the filings. Same evidence, same rules, two seats.

For funds, buy side

Check it in detail
  1. 01

    Find

    Ideas sourced from structure, not from a feed.

    • Value chains with verified nodes and choke points, 62 chainsLive
    • Idea sourcing: choke-point nodes ranked by verified economics and coverage gapLive
    • Sector setups that fire a signal when their conditions are metLive
    All capabilities · 5
    • Value chains with verified nodes and choke points, 62 chainsLive
    • Idea sourcing: choke-point nodes ranked by verified economics and coverage gapLive
    • Sector setups that fire a signal when their conditions are metLive
    • Expression screener with saved and shareable screensBuilding
    • Screening on sector operating KPIs across companiesBuilding
  2. 02

    Understand

    The analysis, built from the filing itself.

    • Statements as filed, line by line, never a fixed templateLive
    • Forensic checks: 143 items across 9 investment and forensic frameworksLive
    • Sector KPIs with the verbatim management quote and its sourceLive
    All capabilities · 6
    • Statements as filed, line by line, never a fixed templateLive
    • Forensic checks: 143 items across 9 investment and forensic frameworksLive
    • Sector KPIs with the verbatim management quote and its sourceLive
    • Peers and peer percentilesLive
    • DCF and reverse-DCF: what the price already assumesBuilding
    • An agent that opens the note, the call and the filing itself before it answersBuilding
  3. 03

    Monitor

    A thesis that stays honest.

    • Your thesis becomes assumptions, each tagged and settled against a filed numberLive
    • Every filing classified: supports, weakens, invalidates or needs reviewLive
    • Management promise ledger: guidance captured with the speaker, held open until a filing settles itLive
    All capabilities · 5
    • Your thesis becomes assumptions, each tagged and settled against a filed numberLive
    • Every filing classified: supports, weakens, invalidates or needs reviewLive
    • Management promise ledger: guidance captured with the speaker, held open until a filing settles itLive
    • A published broker note's estimates checked against filed numbersLive
    • Falsifiers: a threshold and a deadline per assumption, checked when results landBuilding
  4. 04

    Hold

    The book, not just the stock.

    • Positions, lots, marks and profit and lossBuilding
    • Alerts ranked by position size: a broken assumption on 6% of the book outranks the same event on the watchlistBuilding
    • Exposure by sector, theme and value-chain node: which two holdings are the same betBuilding
    All capabilities · 6
    • Positions, lots, marks and profit and lossBuilding
    • Alerts ranked by position size: a broken assumption on 6% of the book outranks the same event on the watchlistBuilding
    • Exposure by sector, theme and value-chain node: which two holdings are the same betBuilding
    • Sizing context: weight against your own target, days to exit, nearest falsifierBuilding
    • Decision journal: what you decided, why, and how it turned outBuilding
    • PM morning briefing: per holding, what filed, what management said, which assumption moved, all citedBuilding
  1. —

    Supervisor

    One question, many agents.

    Ask anything about your coverage or your book. A supervisor routes the question to specialist agents (financials, calls and promises, forensics, valuation, peers and value chains, portfolio) and returns one answer in which every claim carries its source.

    Building

For brokers, sell side

Check it in detail
  1. 05

    For brokers

    Coverage that refreshes itself.

    • Your template: 44 sections in your order, your page one, your palette. A section the filings cannot support is removed, never paddedLive
    • Your model: your own workbook, refilled for each company, every formula and chart intactLive
    • Results day: report and model rebuilt when a quarter is filed, with a cited note on what changedLive
    All capabilities · 5
    • Your template: 44 sections in your order, your page one, your palette. A section the filings cannot support is removed, never paddedLive
    • Your model: your own workbook, refilled for each company, every formula and chart intactLive
    • Results day: report and model rebuilt when a quarter is filed, with a cited note on what changedLive
    • Delivered through a locked-down, watermarked portalLive
    • Agents read, draft and diff. Code computes every number: a figure is accepted only if it appears verbatim in the filingBuilding

The rating, the target price, the recommendation, the disclaimer and the contact block are your analyst's alone. The page reads NOT RATED until your analyst signs.

437
companies with an initiating-coverage report
386
with a quarterly update note
1,888
with a generated model

We built the data layerourselves.

Every other tool in this market rents its numbers from a vendor that forces each company into the same template and loses whatever does not fit. We parsed 2,510 companies as they were filed, so a company's own line items survive, every figure traces to its filing and page, and a backtest cannot see the future. The Desk runs on it. You can run on it too.

Request MCP accessCheck it in detail

HDFC Bank, 1.01x leverage.

A US-schema vendor reads about 6.3x because it counts customer deposits as debt. We report them separately and exclude them.

Reliance, revenue by segment.

The segment table is tied to the figure Reliance filed in XBRL, and the proof comes back with the answer. A table that cannot be tied is marked unverified.

Point in time.

Ask as of 31 March 2024 and only filings filed by that date are considered. No look-ahead.

From filingto decision.

Four things hold true on both seats of the Desk and in the data layer: where a number came from, whether it could have been known on a given date, what happens when data is missing, and who makes the call at the end.

  1. 01

    Observe

    Read the filing as the company actually submitted it (statement, note, call or deck), not a vendor's normalized restatement.

  2. 02

    Trace

    Hold the source page on every figure, so a number can be walked back to the exact filing it came from.

  3. 03

    Verify

    Answer historical questions using only what had been filed by that date. Missing data is withheld and counted, never assumed.

  4. 04

    Decide

    Hand the evidence to the analyst or the agent working alongside them. The judgment, and every regulated call, stays theirs.

No stock picks.

Every product produces evidence, never a buy or sell call.

No guaranteed returns.

Every figure is a measurement on a stated date, and markets move.

The analyst stays in control.

Nothing regulated (a rating, a target price, a recommendation) is machine-written.

Data can be copied.A record cannot.

A competitor can copy the data in a quarter. What it cannot copy is what only exists because we ran. Every thesis, guidance statement and check in the Desk is a claim, the evidence behind it, and how the filings eventually settled it. We keep that record. Three parts of it cannot be rebuilt afterwards, because the moment to capture them is the day they happen.

Live

What management promised, and what they filed.

Each guidance statement is held open until a filing settles it, building a per-company record of hit rate and miss size.

Building

What each thesis said would break it.

Falsifiers set today are settled by the filings of the quarters after.

Live

What we believed, and when.

Every restated figure keeps both versions with the date we learned it, from 17 July 2026.

Our clients.

The desks that put FiDUS evidence in front of their own decisions.

  • 01A.C. Agarwal
  • 02QC Alpha

The record,at a glance.

FiDUS data layer · figures measured 2 October 2026

Companies with statements, parsed as filed
Annual-report note lines, searchable
Filings on record
Earnings-call transcripts, speaker named
Investor presentations
Related-party transactions
Insider dealings
Years of ownership history
Tools in the data layer

Found bychecking.

The data was wrong in places nobody had looked. These are three we caught while parsing the filings ourselves.

A 1:5 split read as an 80% crash.

NSE's previous-close field is adjusted for only 2 of 549 split ex-dates, so anyone who trusts it sees a collapse that never happened. We adjust from the corporate action itself.

A general insurer with a 17.2% return on assets.

One form nets policyholder liabilities before it totals, so its assets tag is the application of funds. ICICI Lombard tags 16,072 crore against real assets of 75,994 crore. We rebuild total assets from the form's components, and the true figure is 3.6%.

One in six transcripts was a cover letter.

1,711 of 11,205 documents were one or two pages pointing at the company's website, so a search said revenue appeared nowhere in the call. We recovered the real transcripts and flag any that remain.

What is live,what we are building.

Everything on this page carries a tag. Here is the same list in one place, so you can see where the Desk is today.

Live now

  • FiDUS MCP: 56 tools, REST, keyed access and metering
  • Thesis to assumptions, filing classification, promise ledger, alerts
  • 62 verified value chains and idea sourcing
  • Sector KPIs and the 143-item forensic frameworks
  • Coverage monitor for published broker notes
  • Sell-side report and model generator, with a results-day note

Building

  • Falsifiers settled by filed numbers
  • Tool-using agents and the supervisor over specialists
  • DCF and reverse-DCF in the Desk
  • Expression screener
  • The book: positions, exposure, sizing context, journal
  • PM morning briefing

Requestaccess.

Tell us who you are and which seat you want to see. A person replies, not a sequence. If you run a fund or a research desk and want to put the Desk on live work, say so: we are looking for design partners.

The people behind FiDUS.

FiDUS is built and run by two people. Write or call either of us directly.