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"I congratulate Equitymaster on successful completion of 20 years.

I have been an ardent subscriber of Equitymaster for nearly twenty years. And I too have experienced many ups and downs but what made me happy is the fact that Equitymaster was always there to give very fair and accurate predictions. I can say that success rates must have been 80% or more. That by itself is a reason for somebody to be happy about.

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All I can say is............KEEP IT UP!

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"Congratulations on the occasion of celebrating the completion of 20 glorious years of success. You have always been on the top of the list for serving the investors with your unselfish and reliable services. Formations like yours with a brilliant team of dedicated analysts and with a clear process can only aim for high results. With your commitment and sincerity you have time to time proved your worth and have gained the much deserved recognition and fame. With your services, your subscribers have gained a lot. You have always kept investors as your priority and have never resorted to any wrong means. Keep it up and wish you all the success for many more years to come."

- Anis Rahiman, Kerala

"Equitymaster has been a great source of investment knowledge for me over the past 20 years. The thing that sets Equitymaster apart is their honesty in calling the market & picking winners. They are not always right, but they are ethical. Kudos to all at Equitymaster especially Ajit Dayal and Vivek Kaul."

- Carlos de Souza, Mumbai

"Very good unbiased recommendations. All the reports of recommendations are in depth and very good. Overall when one see the site one can easily understand the fundamentals of investing. Very useful. The main thing is equitymaster can be trusted. Overall my experience has been very good."

- Raghunathan Srinivasan, Mumbai

"Hi Equitymaster Team,

I congratulate you for achieving the milestone of providing unbiased and honest equity research for the past twenty years.

I have been with various equity analysts in the past and would like to say that, your research is probably one of the best, in depth, and superior than many other analysts. I feel more confidence in your conservative approach and that is where you score much higher than rest of the analysts.

Your SELL recommendations have also proved right many times and also you have proved me wrong in many cases where I thought that, your target price looks stretched and would take 50-60% more time to achieve but those have been achieved in the said time-frames. I think, this is possible only when one does very sound research and do not forecast

target prices which are revised after every quarter.

I would expect the same superior research to continue and further improve since we have very high expectations from your research teams in all areas.

Keep up the good work."

- G. S. Apte, Mumbai

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Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

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Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.