Latest news with #JayMehta
Forbes
5 days ago
- Business
- Forbes
Too Small For The Algorithm: Why Emerging Markets Reward Active Investors
Jay Mehta is COO of Seldon Capital, advising hedge funds on capital raise, ops, hiring & trading. In 2016, Netflix launched globally, extending the platform to 130 countries, including Indonesia. With 250 million people, a rising middle class and surging mobile penetration, on paper, it may have looked like a perfect match. But within weeks, Netflix was blocked. Indonesia's state telecom pulled the plug due to unresolved regulatory issues, citing censorship concerns. Local competitors moved in and positioned themselves strategically. For active investors, situations like this can provide an opportunity. In markets where data is sparse, non-standardized or simply doesn't exist, I've noticed algorithms are more likely to miss important signals. They can't flag local cultural dynamics or political sentiment buried in off-platform discussions. That's the reality of many emerging markets and, increasingly, of small-cap niches in developed ones. How Algorithms Struggle With Sparse Data In U.S. large-cap equities, algo trading works because the inputs are rich and reliable. Financial statements typically follow generally accepted accounting principles (GAAP), and analyst coverage is deep and widely distributed. The inputs are clean, and the outputs can be trusted, turning systematic signals into a consistent edge. Step outside the S&P 500, and the algorithmic advantage weakens. Emerging markets, frontier economies, as well as small-cap stocks, all present exactly the conditions where algorithms struggle. Sparse coverage on top of non-standardized data and latency lead to poor output. Introduce currency volatility, political risk and local regulatory changes, and the layers of complexity multiply—none of which are easily quantifiable. Without consistent inputs or historical context, algorithms have a hard time generating reliable signals, and success begins to hinge more on qualitative input. Why Emerging Markets Stay Hard To Read By definition, emerging markets start under-explored. Consider Indonesia again. While algorithms can track Jakarta's listed companies, without the data, they miss the thousands of private enterprises that drive the country's real economy. According to LSEG's analysis, the lack of data and consistency in emerging markets remains the biggest barrier to sustainable investment adoption. Data scarcity can stem from language barriers, to non-standardized disclosure requirements, to relationship-based business practices and limited digital infrastructure. Finding reliable information and uncovering reliable insights in Vietnam's mid-cap sector, or India's regional manufacturers, often means conducting site visits and speaking directly with suppliers. That boots-on-the-ground work is expensive and time-consuming—precisely why few investors do it, and why those who do often find themselves with a significant information advantage. Look at 2023 PMI data: While developed economies dipped into contraction, several emerging markets held firm above 52.7. But many models missed that divergence until it showed up in lagging quarterly data. Of course, this information asymmetry won't last forever. As seen with China's decade-long digital transformation, once the information gaps close, often so do the opportunities. But the cycle renews itself. As one market becomes efficient, new pockets of inefficiency emerge elsewhere, often in smaller or overlooked segments. The Small-Cap Parallel Even in developed markets, small-cap stocks share many of the same characteristics as emerging economies. They're often underfollowed and influenced by local conditions that don't show up in macro data and consequently can't be efficiently modeled. Wellington Management notes that nearly 85% of small-cap stocks have fewer than 10 sell-side analysts. Only 6% of large-cap stocks are that underfollowed. This kind of information asymmetry is dramatic and persistent. Where Active Investors Still Win What makes these markets difficult for machines is exactly what makes them attractive and viable for active investors. Success depends less on processing more data and more on sourcing the right data before it's priced in. There are a number of ways to find these gaps in practice. Frontier markets and under-analyzed sectors are less algorithmically saturated or may not offer sufficient data for automation. These can be opportunities for bottom-up analysis and traditional security selection. I've noticed sectors or geographies where data is inconsistent or unstructured and are less likely to be efficiently priced. Some investors find success in developing conviction in multiyear trends that algorithms miss while chasing daily momentum. When machines sell during liquidity crunches or risk-off events, active managers with conviction may find opportunities to step in. Algorithmic forced selling can create attractive entry points, provided the investor has done the work ahead of time. In opaque environments, knowing how a business operates on the ground often matters more than its last reported EBITDA margin. This frequently means speaking the language, both literally and figuratively. Key insights often surface in channels that algorithms can't parse, such as: • Permit and zoning filings: Local government databases may reveal expansion plans months before companies announce them. • Job postings and hiring patterns: Workforce expansion can signal new capacity or growth initiatives. • Public comment windows: Regulatory bodies often require disclosure for key events like environmental reviews or tax rulings, providing free forward guidance to those paying attention. • Patent filings and R&D partnerships: IP filings and R&D collaborations often indicate a company's direction ahead of commercial results. Zooming In When Everyone Zooms Out With passive strategies dominating and capital chasing standardized signals, I've noticed fewer investors are doing the primary research. That's a distinct advantage and an opening. As systems digitize and markets converge on uniform inputs, capital allocation often becomes more correlated and more reactive. When algorithms are trained on the same datasets, they tend to behave similarly, especially during periods of stress. This creates feedback loops where volatility spikes, liquidity evaporates and assets are mispriced in both directions. In that environment, information that doesn't flow through conventional channels becomes more valuable. Structured data now defines the boundaries of market efficiency. Investors able to work beyond those boundaries could be more likely to uncover overlooked value. And for now, much of the investable world still sits outside the algorithmic map. The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Time of India
14-06-2025
- Entertainment
- Time of India
Enjoy The New Marathi Music Video For 'Bhav Nako Khaus' By Avdhoot Gupte
Enjoy the latest Marathi song ''Bhav Nako Khaus'' sung by 'Avdhoot Gupte'. The music for this captivating track has been composed by 'Jay Mehta', with heartfelt lyrics penned by 'Shivam Narayanji Barpande'. The music video for ''Bhav Nako Khaus'' has been skillfully directed by 'Priteesh Kamat'. Don't miss the opportunity to watch the latest Marathi video song ''Bhav Nako Khaus'', by 'Avdhoot Gupte' and immerse yourself in its mesmerizing melodies. For more Marathi songs, be sure to visit the music videos section of Marathi ETimes. Experience the musical prowess of 'Avdhoot Gupte', New Video Songs of 2025, 'Jay Mehta' songs, Marathi Gana Video Song, 'Priteesh Kamat' music videos and 'Shivam Narayanji Barpande' songs. Read More
India.com
08-06-2025
- Business
- India.com
Meet man who lost his first wife in tragic plane crash, faced massive debt, now owns Rs 40000000000 empire, he is...
Meet man who lost his first wife in tragic plane crash, faced massive debt, now owns Rs 40000000000 empire, he is... Time and situation never stay the same for anyone. People struggle, work hard to accomplish their goals, and prosper in life. This individual lost his first wife in a plane crash. Later, he married one of the top actresses in Bollywood. Once again, life threw another challenge when he found himself trapped in a web of debt. But with resilience and support, including help from his wife's friend, he went on to buy an IPL team. He now owns assets above Rs 4,000 crore, and he employs more than 15,000 people. He is… Meet man who lost his first wife in tragic plane crash, faced massive debt, now owns Rs 40000000000 empire, he is… Born on January 18, 1961, to Mahendra Mehta and Sunayana Mehta, Jay Mehta is a well-known industrialist. He is the group director of Indian operations at the Mehta Group, a family-owned corporation headquartered in Mumbai which spans four continents and has business interests in cement and building materials, packaging, sugar, horticulture and floriculture, engineering, electrical cables, consultancy, agro chemicals, trade and financial services, and international trade. Speaking of his educational qualifications, Jay holds a degree in Industrial Engineering from Columbia University (1983). In addition, he completed an MBA from the International Institute of Management Development (IMD) in Lausanne, Switzerland. He is the chairman of the Mehta Group and is also widely recognized as the co-owner of Kolkata Knight Riders (KKR). He is the grandson of renowned industrialist Nanji Kalidas Mehta, the founder of the Mehta Group. The group has a strong presence in India via Saurashtra Cement and Gujarat Sidhee Cement. As of 2024, the Mehta Group has a total asset base estimated to be in excess of Rs 4,100 crore, and the company directly employs approximately 15,000 people. Recently, Jay Mehta also shared in an interview with the Institute for Management Development IMD's official YouTube channel that his business entered a significant crisis due to excessive debt. 'First of all, don't take on too much debt. And we got into a debt cycle, and it just destroyed us, almost destroyed us' he said in the interview. It was during this transitional time that (in 2007) Jay made the daring choice to team up with Shah Rukh Khan and his wife Juhi Chawla and purchase the Kolkata Knight Riders (KKR) franchise for Rs 630 crore ($75 million). Critics at the time called the decision 'madness,' but Jay believed in the opportunity that T20 cricket could generate, claiming it could be big in India, similar to how football in the US and soccer in Europe became bigger. He described acquiring KKR as a 'small but smart investment,' and it certainly paid off. KKR was valued at approximately Rs 9,100 crore (about $1.1 billion) in 2024, and the team won the IPL championship three times, making them one of the IPL's most successful franchises and valuable. In 1995, he married Bollywood star Juhi Chawla, but the wedding was kept very private due to the tragic loss of Juhi's mother in an accident and the complexities surrounding her film career at the time.
India.com
02-06-2025
- Entertainment
- India.com
Meet Indian business tycoon whose first wife died in a plane crash, married an actress secretly, his name is..., wife is...
New Delhi: Juhi Chawla has been one of the most vivacious and successful actresses of the 90s. Throughout her career, she worked with superstars ranging from Aamir Khan to Shahrukh Khan and was part of several successful films. In the 1990s, Juhi Chawla ruled the hearts of the audience with her smile and splendid acting. She captured audiences' hearts with performances in films like 'Qayamat Se Qayamat Tak', 'Darr', 'Hum Hain Rahi Pyar Ke', and 'Ishq'. However, unlike other actresses, Juhi always kept her personal life away from the limelight. Juhi Chawla secretly married businessman Jay Mehta in 1995 and kept it under wraps for a long time. Juhi Chawla herself revealed the reason for this. She mentioned that she was afraid that news of her marriage could affect her popularity and career. It is noteworthy that Jay Mehta is a billionaire businessman, the chairman of the Mehta Group, and the co-owner of Kolkata Knight Riders (KKR). Jay Mehta graduated from Columbia University and earned an MBA from the International Institute of Management Development in Switzerland. Jay's first marriage was in 1984 to Sujata Birla, who was the sister of prominent Birla Group heir Yash Birla. However, in 1990, Jay Mehta's life was completely shaken. Sujata died in the crash of Indian Airlines Flight 605. This incident deeply traumatized Jay. A few years after Sujata's death, Juhi Chawla entered Jay Mehta's life. Initially, they developed a friendship that later turned into love. Juhi and Jay met at a dinner party hosted by Rakesh Roshan. In an interview, Juhi mentioned that when she married Jay, she was dealing with the shock of her mother's death and was concerned about her career. However, her mother-in-law advised her to continue acting. Today, Juhi and Jay have been married for three decades, and they have a daughter, Jahnvi, and son Arjun. Jay Mehta is the chairman of Mehta Group whose net worth is about Rs 4171 crores. This company operates in sectors like cement, packaging, gardening, and building materials. Jay and Juhi live in a lavish house in Malabar Hill, Mumbai, which has two full floors. Their daughter Jahnavi and son Arjun are also showing interest in the family business. In 2024, Juhi Chawla became India's richest actress. It is worth mentioning that in 2024, Juhi Chawla secured her place in the Hurun Rich List as India's richest actress. According to the Hurun Rich List 2024, her wealth is Rs 4600 crores. She is only behind her close friend Shah Rukh Khan in the list of the richest actors. In 2007, Jay Mehta, along with Juhi Chawla and Shah Rukh Khan, purchased Kolkata Knight Riders (KKR) for 75 million dollars (around 624 crore rupees). At that time, their business was going through a tough phase, but they took the risk. Today, KKR is one of the most successful franchises in IPL, having won the title three times. Jay describes it as the best investment of his life.
India.com
28-05-2025
- Business
- India.com
Juhi Chawla's husband Jay Mehta was once 'almost destroyed' due to..., then he invested Rs 6240000000 in KKR with Shah Rukh Khan and...
Juhi Chawla's husband Jay Mehta was once 'almost destroyed' due to..., then he invested Rs 6240000000 in KKR with Shah Rukh Khan and... Shah Rukh Khan became the owner of the Kolkata Knight Riders (KKR) cricket team back in 2007, but he didn't do it alone. He teamed up with his Red Chillies Entertainment partner, actress Juhi Chawla, and her husband Jay Mehta to buy the team. When they entered the Indian Premier League (IPL), their star power brought a lot of glamour and attention to the tournament. Even though KKR didn't perform too well in the early seasons, the team still stayed in the spotlight, mainly because of Shah Rukh Khan's massive fan following. In a past interview, Jay Mehta recalled that when he decided to invest in the team, many people told him he was 'crazy' for taking such a risk. But he trusted his instincts and believed the decision would pay off. Speaking in a video shared by the Institute for Management Development (IMD) on YouTube, Jay offered some advice based on his years in business. He said, 'First, avoid taking on too much debt, it happened to us once and almost ruined everything. Second, build a strong team by hiring the best people you can find. And most importantly, stay curious. Read a lot, learn about how businesses work, and stay updated with the latest trends. Always try to stay one step ahead.' Jay Mehta revealed that when he was offered the chance to invest in cricket, his business was actually going through a rough patch. Despite the challenges, he and his partners decided to take a bold step and bought the Kolkata Knight Riders (KKR) franchise for USD 75 million. 'At that time, things weren't easy for us financially,' Jay explained. 'But then this opportunity to invest in cricket came along. Almost everyone around me thought I had lost my mind. They said, 'You're crazy to even think about it.' But I had a strong belief in the idea. I wanted to go ahead with it.' He went on to share how many people had seen the same investment proposal but didn't understand how the business model worked. 'When I looked at it closely, I realized it was based on a cash flow model, which made sense to me,' he said. Jay also mentioned that the initial investment was relatively modest, but he had faith in the potential of the T20 format. 'I thought cricket could grow into something huge just like football in Europe or the NFL in the United States. So I took a chance and went for it. Looking back, I can say without a doubt, it's the best investment I've ever made,' he added. KKR has won three Indian Premiere League titles so far.
