OquiliaOquilia
Corporate

Indian Corporate Case Studies

Six landmark deals and corporate actions analysed with actual financial data in Indian rupees. Each case study covers the strategic rationale, key financial metrics, what went right (or wrong), and lessons for finance practitioners.

Why Case Studies Matter in Corporate Finance

Textbooks teach frameworks; case studies teach judgement. The difference between a competent analyst and an exceptional one is not the ability to build a DCF model — anyone can learn the mechanics — but the ability to recognise which assumptions matter most, where the model is likely to break, and what the market is pricing in or overlooking.

Our case studies are drawn from the Indian market because Indian deals have characteristics that Western textbook cases do not capture: promoter-driven decision-making (Reliance Jio), cross-border M&A with currency risk (Tata-Corus), tech IPOs in a market with unique unit economics (Zomato and Paytm), tax-driven capital allocation (Infosys buyback), and regulatory complexity in financial services mergers (HDFC-HDFC Bank).

Each case study includes actual financial data: enterprise values, deal multiples, EBITDA margins, ARPU figures, and debt ratios — all in Indian rupees and presented in monospace formatting for clarity. The lessons learned section at the end of each case distils the key takeaway into principles that can be applied to future situations.