Cases in Business and Investment Analysis with Sanjay Bakshi
July 16 - July 20, 2025
ABOUT THE FLAME INVESTMENT LAB
FLAME was founded with the concept of interdisciplinary education as its cornerstone. FLAME celebrates ideas, cherishes diversity, and strives to deliver an academic experience that fosters intellectual curiosity, a critical thought process, self-reflection, leadership and teamwork skills, a sense of commitment and professionalism and a heightened sensitivity to one’s sociocultural environment. FLAME aims to provide an interdisciplinary platform of education by propagating different models and paradigms through, but not limited to, history, philosophy, political sciences, psychology, business, economics, mathematics and finance
As part of its endeavor to constantly redefine education, FLAME inducted the FLAME Investment Lab (FIL), an initiative that strives to deliver the concepts and decipher the art of value investing to interested students. FIL believes in the dictum “invest in yourself”. It provides tools for self learning and acquiring knowledge, constantly striving for intellectual stimulation and asking questions. FIL strives to widen your horizons, aiding you to connect the dots within seemingly disparate information. FIL truly believes that the best investment is investing in yourself. As Socrates has said, “I cannot teach anybody anything. I can only make them think.”
After successfully hosting multiple FLAME Investment Lab programs, we are excited to announce the ‘FLAME Investment Lab – Cases in Business and Investment Analysis’ program with Sanjay Bakshi, from July 16 - July 20, 2025.
OUR PHILOSOPHY
FLAME Investment Lab (FIL) is a residential programme, structured keeping in mind our conviction that value investing is the only proven successful investment process that has delivered above market returns through various market cycles. It provides investors with various tools needed to form a temperamentally sound investment discipline.
It is an initiative that strives to deliver the concepts and decipher the art of value investing to interested students. FIL believes in the dictum “invest in yourself”. It provides tools for self-learning and acquiring knowledge, constantly striving for intellectual stimulation and asking questions. FIL strives to widen your horizons, aiding you to connect the dots within seemingly disparate information.
SPEAKER
Sanjay Bakshi
Sanjay Bakshi is a Distinguished Adjunct Professor - Finance at FLAME University. Previously he was Adjunct Professor at Management Development Institute, Gurgaon. Sanjay has twenty-five years of teaching experience. He is also a Managing Partner at ValueQuest Capital LLP, a SEBI Registered Investment Adviser
Sanjay received M.Sc. (Economics) from London School of Economics and Political Science and B.Com. (Hons.) from University of Delhi. He is also a Fellow member of the Institute of Chartered Accountants of India.
Sanjay is 59 years old and lives in New Delhi with his wife and two daughters.
PROGRAM DESCRIPTION
This program will use a case-based approach to teach key concepts in business and investment analysis, including the following:
- Fundamental attributes of good, bad and ugly business models
- Fragility, robustness, and anti-fragility
- Incorporating Michael Porter’s framework in analysing various business models
- Using Philip Fisher’s framework for identifying high-quality businesses
- Warren Buffett’s owner-earnings framework for business as well as investment analysis
- Benjamin Graham’s frameworks in value investing (bargain securities, debt-capacity bargains, dividend-related themes)
- Combining Philip Fisher and Ben Graham’s approaches in the value investing process
- Evaluating operating and capital allocation skills of business managers
- Bayesian reasoning in investment decisions
- Dividend policy, share buybacks, share issuances
- Applications of the pari-mutuel nature of stock markets and industries
- Mean reversion vs. fundamental momentum
- Business models of low-cost business model, pricing power, and platforms
Through various case studies, participants will learn about one or more critical business and investment analysis aspects. They will then work towards discovering similar situations, often in different industries. These cases will serve as stepping stones for generating more creative ideas for business and investment analysts. Many of the cases that will be covered in the program were developed by the Instructor based on his experience as a practising value investor over the last thirty one years.
Disclaimer: Case studies on specific companies are only created for educational purposes. They do not constitute any form of investment advice or recommendation to buy, sell, or hold any security.
WHO SHOULD ATTEND?
Those who are open to learning about business economics and investment analysis, even if they have been investing in listed securities for many years. Those who are new to public market investing but are deeply interested in the subject should consider applying for this program.
WHAT NOT TO EXPECT?
The program is about developing the right-thinking style to become more rational. While this has many practical applications, and investing wisely is one of them, if you are contemplating attending this workshop to find ways to get rich quickly, please do not apply, as you will be disappointed.
SELECTION CRITERIA
This program is for curious, open-minded participants who have a deep interest in business analysis and value investing. This interest will be evaluated in the application materials submitted by the participants. The program is not suitable for traders or for people looking for stock tips.
All applicants to note the following:
- Admission to the program is not subject to early submission of application form.
- Corporate nominations will be restricted to not more than three nominees so as to ensure a fair distribution of the cohort.
- FLAME reserves the right for selecting participant to this program.
- Selection decisions will take into account the responses submitted in the application form.
APPLICATION PROCEDURE
To apply the applicant must complete the application form.
APPLY NOWPROGRAM FEES
- INR 65,000 plus GST (INR 76,700) which includes tuition, course materials, meals and on campus accommodation.
- The fee does not include travel and other incidental expenses.
- Candidates need to submit the application form online.
- On being selected for the program, candidates will receive an online payment link. Selected candidates must complete the payment within 4 days of receiving their selection notification, which is latest by June 12, 2025.
- Kindly note, even if the application is submitted, but the payment is not made within the communicated deadline, the application will be deemed incomplete and annulled.
PROGRAM VENUE
FLAME University
Gat No. 1270, Lavale, Off. Pune Bangalore Highway,
Pune - 412115, Maharashtra, India.
WITHDRAWAL AND CANCELLATION POLICY
In the event that FLAME University is unable to provide the program, all fees will be fully refundable.
For selected candidates:
- If request for withdrawal is received before and up to June 25, 2025, full amount of the fee paid shall be refunded.
- If request for cancellation is received after June 25, 2025, 10% of the fee paid shall be refunded. GST on cancellation will be applicable.
- In case of withdrawal, the fee paid shall not be carried forward to future programs.
ACCOMODATION
Accommodation will be provided in an AC, double occupancy room to all participants at the FLAME campus in Pune for four nights of July 16, 17, 18 and 19, 2025.
APPLICATION DEADLINE
June 02, 2025
SELECTION NOTIFICATION
Confirmation emails will be sent to the selected participants by June 09, 2025.
FACILITIES AND INFRASTRUCTURE
FLAME offers 70 acres of tranquil space, just 13 kms. from the Pune University main gate. It is an eco-friendly campus adjoining an 18-hole golf course. FLAME has an international sized cricket ground, football, tennis, basketball and volleyball courts, outdoor Olympic sized swimming pool, track and f ield, futsal and handball at their disposal. A fitness and conditioning studio, badminton courts, billiards tables, squash courts, table tennis, carrom and chess ensure that FLAME’s sports facilities are second to none.
Its academic spaces include an auditorium, lecture theatres, conference rooms, a library, a performing arts studio, a visual arts studio, a sculpture studio, Physics, Chemistry and Biology labs, Financial Research lab and amphitheatres. Some of the other amenities include cafes, Wi-fi connectivity, an infirmary and an ambulance in case of emergency.
During the duration of the program, participants are encouraged to explore the campus and use the facilities FLAME offers.
CONTACT
Phone: +91 9657709882 (Text and WhatsApp only)
Toll-free No: 1-800-209-4567
E-mail:
Website: www.flame.edu.in