JMN · Fundamental Research

Sell-side-grade fundamental research,
built to your house view.

Outsourced desk · an extension of yours CFA analysts · named, not pooled Your house style · your template Before the open · time-zone leverage

JMN is an outsourced fundamental research desk. Named CFA analysts build and maintain your models, write your notes, and extend your coverage in your template and house style, reviewed at every step, and delivered before your desk opens. More names, same team, at offshore economics.

See what we deliver
2× the coverage
More names covered per
analyst, with the same team
Before your open
Models and notes delivered
overnight, on your timeline
3-tier review
Analyst → senior analyst →
quality lead on every deliverable
The time-zone advantage

A day in
two time zones.

You send the brief in the evening; it is done before you open your laptop. Chennai is about ten and a half hours ahead of New York — so while your desk sleeps, JMN builds the morning note, updates the models, and works through your ideas list and ad hoc requests. You walk in ready to present, not to prepare — and this is the everyday rhythm, not once a quarter.

New York · EST
8:00 PM
Client sends evening brief
Morning note request · model updates · ideas list · ad hoc priorities.
Evening
Goes home. The work continues.
JMN has the brief. The desk sleeps; the work begins.
7:00 AM
Wakes up. Opens the laptop.
The completion note is already there.
7:30 AM
Reviews the morning note over coffee
Approves · adds their own call · forwards to the desk.
9:30 AM
Walks in ready to present
Everything prepared — not being prepared.
Chennai · IST
6:30 AM
Brief received · acknowledged
Morning note always first. Everything else in priority order.
7 AM–12 PM
Morning note built
Overnight developments · model updates · beat/miss checks · actionable ideas.
12–4 PM
Secondary deliverables
Ideas list · ad hoc requests · coverage maintenance · IC & pitch support.
5:00 PM
Completion note sent
Done listed · pending flagged · client confirms before sign-off.
5:30 PM
Signed off for the day
After client confirmation. Not before.
What that actually changes
Your morning without an offshore desk
The model still needs updating before you can use it
The first hours go to data prep, not to the client
Coverage is capped by the hours in your own day
You react to overnight moves only after the open
Your morning with JMN
The morning note and updated models are already waiting
You review, add your call, and present — not prepare
The same team covers more names, so the gap closes
You walk in ahead of the desk, ready on every name
What we deliver

The full research stack —
in your name.

Everything a sell-side desk produces, delivered in your template and house style. Your name is on every page; the analyst who produced it covers your names as if they sat on your desk.

Coverage
Initiation & maintenance
Ongoing, name by name
Coverage initiation — full reports to your house standard
Ongoing maintenance every quarter, per name
Earnings previews and post-results review notes
Modeling
Full financial models
In your own template
Three-statement builds — P&L, balance sheet, cash flow, fully linked
DCF, EV/EBITDA, P/E and SoTP valuation
Maintained each quarter — extended, not rebuilt
Ideas
Generation & thesis validation
Proactive, not reactive
Proactive scanning for catalysts across your universe
Thesis validation and stress-testing
Screens and idea shortlists to your criteria
Context
ESG, governance & macro
The background your desk needs
ESG and corporate-governance analysis
Sector and macro briefings
The context your MD will ask about, ready in advance
How it runs

A desk that works
the way yours does.

We operate as an extension of your team — your templates, your standards, your timelines. The difference from a generic outsourcing shop is in how the work is staffed, checked and delivered.

01
Named CFA analysts
A dedicated, named team across the major sectors — not a rotating pool. The analyst who builds your model is the one who maintains it.
02
Built to your house view
We work in your template, your format and your house style. Your name is on every page; ours is on none of them.
03
Time-zone leverage
Chennai-based delivery means updated models and notes land before US and European markets open. Your team starts the day on analysis, not data prep.
04
Multi-tier review
Every deliverable passes analyst, then senior analyst, then quality lead — data checks, calculation audits and sign-off before it reaches you.
AI-equipped analysts
CFA analysts, working with the latest AI.

Every JMN fundamental analyst is trained on the current toolset and continuously upskilled — we invest in keeping our people current with the technology, not only the finance. They work with our own AI products, so routine modelling and drafting move faster and the analyst's time goes to judgement — the part that still needs a human.

Excel Assistant · models DraftPilot · drafting RAG over your research

Confidential by default. A mutual NDA is signed before any engagement begins, and client data, coverage lists and models are never shared or cross-referenced across clients.

Sector coverage

Coverage across
all major sectors.

Our analysts cover the sectors where research demand concentrates, and know the metrics that drive each one. Where a mandate needs depth we don't yet hold, we scope it honestly before we take it on.

Technology
SaaS and semiconductors modelled on their own economics — recurring revenue, cohort mechanics and the segment detail that actually moves the stock.
Software, SaaS & cloud infrastructure
Semiconductors & hardware
Internet, platforms & digital media
ARR · NRR · Rule of 40 · segment growth
Financials
Banks and insurers analysed on their own terms — net interest margin, capital ratios and credit quality, not a generic income statement.
Banks — regional & large cap
Insurance & asset managers
Fintech & payments
NIM · efficiency ratio · ROTCE · CET1
Healthcare
Pipeline-driven names handled properly — clinical outcomes and FDA catalysts probability-weighted into the valuation, alongside the commercial franchises.
Pharma & biotech
Medical devices & diagnostics
Managed care & services
Pipeline · FDA catalysts · risk-adjusted NPV
Energy
Producers and integrateds valued through the commodity cycle — reserve-based NAV and DCF across a range of price decks.
Integrated majors & E&P
Midstream, refining & chemicals
Renewables & the energy transition
NAV · reserve-based valuation · commodity sensitivity
Consumer
The operating detail that drives the names — same-store sales, the gross-margin bridge and inventory dynamics, staples through discretionary.
Staples — food, beverage & household
Discretionary, apparel & retail
E-commerce & direct-to-consumer
Same-store sales · gross margin · inventory turn
Industrials & more
Industrials, materials and real estate covered to initiation and maintenance standard — where a mandate needs deeper specialisation, we scope it honestly first.
Industrials, aerospace & defence
Materials, chemicals & mining
Real estate, REITs & utilities
Covered to initiation & maintenance standard — depth scoped per mandate
Request a sample

See the work before
the conversation.

A redacted earnings model and initiation report, produced to the standard we deliver every day. Start with a sample, then a pilot on your own coverage — free to evaluate. Mutual NDA signed before anything is shared.

Email us directly