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Key people at Majestic Research.
Majestic Research Services and Solutions Limited (MRSS) operates as a dedicated market research agency, delivering a comprehensive suite of qualitative and quantitative research services. The firm specializes in providing in-depth market insights, often leveraging advanced data collection and analytical techniques to inform advertising and brand strategies, particularly within multi-country contexts. Their technical approach emphasizes robust methodologies to translate complex data into actionable business intelligence.
The company was formally established in May 2012 through the collaborative efforts of co-founders Sarang Jayant Panchal and Raj Sharma. Panchal joined as Chief Mentor and Co-Founder, partnering with Sharma, also a Co-Founder and President, to build a next-generation, full-service market research firm. This initiative was driven by the insight that the Indian market required a distinct approach, moving beyond conventional global research paradigms to address specific local nuances and business challenges.
MRSS primarily serves enterprises that require a nuanced understanding of market trends, consumer behavior, and brand performance across diverse and often challenging geographies. The company's overarching vision is to maintain its position as a prominent independent market research firm in Asia, continually evolving its research offerings and technological capabilities to empower clients with strategic insights for navigating dynamic global markets.
Key people at Majestic Research.
# Majestic Research: High-Level Overview
There are two distinct companies named Majestic Research based on the search results. The most prominent is Majestic Research Corp., founded in 2003 as an independent equity research firm serving institutional investors[1]. This company was acquired by Investment Technology Group (ITG) in October 2010 for $56 million and rebranded as ITG Investment Research[1].
The second is Majestic Research Services & Solutions Ltd (MRSS), an India-based market research agency that conducted a follow-on public offering (FPO) in 2016[2]. This company operates independently and focuses on qualitative and quantitative market research across multiple sectors[4].
Majestic Research Corp. provided independent, data-driven equity research to institutional investors by leveraging proprietary commercial databases licensed on an exclusive basis[1]. Rather than offering buy/sell recommendations, the firm delivered insights based on rigorous analysis of proprietary data sources[1].
The company covered more than 200 companies across 17 industry verticals, including airlines, auto retail, casinos, consumer technology, cruise lines, eCommerce, homebuilders, and pharma & biotech[1]. It also provided macroeconomics research and bespoke reports to approximately 200 clients in the US and Europe[1].
ITG's acquisition of Majestic Research reinforced a broader trend of agency brokers expanding their content offerings to provide more comprehensive value to portfolio managers, analysts, and traders[1]. Prior to its acquisition, Majestic had itself acquired Rood Research, a small healthcare research firm, in April 2009[1].
MRSS is an independent market research agency offering qualitative and quantitative research services nationally and internationally[4]. The company serves clients across apparel, cosmetics, consumer electronics, automobiles, banking, insurance, pharmaceuticals, telecommunications, and software sectors[2].
The company's client roster includes major Indian and multinational corporations such as HUL, Yamaha, Nissan, Vodafone, Cipla, HDFC Bank, and Pfizer[2]. MRSS went public through an FPO in November-December 2016, listing on the BSE SME platform with an issue size of ₹9.99 crores[2].
