Alternative Data · Indian Equities

The signal layer
Indian equities
never had.

Now being built.

AlternativeIndi is alternative data infrastructure for Indian public equities. We track buyer relationships, supply chain shifts, regulatory triggers, and commercial signals across NSE-listed companies, starting with export intelligence derived from US CBP Bills of Lading.

intelligence_brief_w26.json · sample data
Exporter Buyer Vol. Signal
Pharma Co. A Global Buyer X n/a ✗ Exit
CDMO Co. B Network Y ↑ 31% ↑ Growing
Pharma Co. C Global Buyer Z ↓ 48% ⚠ Declining
Spec. Chem. D Network W ↑ 19% + New Buyer
US CBP · BoL · W26 2026 · sample data
Live feed
$600B+
Indian institutional AUM with almost no alternative data coverage
Zero
Alt data platforms built for Indian equity-level intelligence
70+
Domestic customs data vendors eliminated by CBIC, March 2026
4
Signal layers tracking commercial activity across NSE-listed companies
The Gap

Indian equities run on $600B of capital with almost no alternative data.

US and European funds take for granted the signals that drive mid-quarter alpha: shipment flows, buyer relationship tracking, regulatory triggers, hiring patterns. For Indian public equities, almost none of this exists in processed, investable form. The tools that cover India serve adjacent needs — historical filings, macro data, financial terminals. Real-time commercial intelligence at the company level is missing.

In March 2026, CBIC enforcement of Section 135AA eliminated the one mid-quarter signal Indian institutional analysts had been using: domestic customs data. Vendors including Volza, Dollar Business, and Trademo were shut down overnight. No transition period. No approved replacement. Analysts covering Indian pharma, CDMO, and specialty chemical exporters are now operationally blind between quarterly earnings reports.

March 2026 · CBIC Section 135AA

The mid-quarter export signal used by the entire Indian institutional analyst community was eliminated overnight.

Domestic customs data vendors are permanently gone. The enforcement is not reversible. No replacement exists in the Indian market.

70+
domestic vendors
gone overnight
Signal Architecture

Not a single data feed. A layered intelligence platform.

Export intelligence is our first operational layer. Each additional layer increases coverage depth and compounds the analytical value of everything beneath it.

Layer 01 · Operational
Export Intelligence

Buyer relationship tracking, shipment trend alerts, molecule demand shifts, and supply disruption signals from US CBP Bills of Lading across Indian pharma, CDMO, and specialty chemical exporters.

Available Now
Layer 02
FDA & Regulatory

ANDA approvals, Orange Book patent expiry correlation, FDA import alert signals mapped to NSE-listed pharma equities.

In Development
Layer 03
Earnings Intelligence

AI-processed BSE/NSE filing analysis, earnings call signals, and management guidance variance detection across covered tickers.

In Development
Layer 04
Hiring Signals

Job posting intelligence as a leading indicator of capacity expansion and new product launches for Indian listed companies.

In Development
Coverage

Built for institutions that need signals, not stories.

Portfolio Management Services
PMS Funds

Fund managers running concentrated India equity portfolios. Need mid-quarter commercial signals to validate thesis before earnings, without waiting for quarterly results.

Contact for pricing · Floor license
Category III AIFs
Hedge Funds & Long-Short

Institutional compliance infrastructure, highest budget authority, fastest procurement cycles. Sharpest pain from the CBIC signal loss.

Contact for pricing · Institutional license
Research Analysts
Pharma & Chemicals Coverage

Analysts covering Indian pharma and specialty chemicals at brokerages. Individual subscription model. Direct workflow integration into sector coverage.

Contact for pricing · Individual license
Data Integrity

Legally clean. Institutionally deliverable.

AlternativeIndi is built on US Customs and Border Protection Bills of Lading — public domain trade data filed by American importers, not subject to Indian regulatory jurisdiction. The same commercial relationships that analysts tracked through domestic customs data are fully visible through CBP manifest records. No Section 135AA exposure. No redistribution restrictions.

01
Public Domain

US CBP BoL data is filed under FOIA and carries no redistribution restrictions.

02
No Indian Jurisdiction

Data originates from US federal customs filings. CBIC enforcement has no bearing on this source.

03
Institutionally Structured

Delivered as processed intelligence, not raw data dumps. Compliance-reviewed before delivery.

Early Access

The signal gap is open.

The window to act isn't.

We are in active trial with a small number of institutional clients. If you cover Indian pharma, CDMO, or specialty chemicals and need a mid-quarter commercial signal, reach out directly.

PMS funds, Category III AIFs, and sell-side research desks only.