Fathom is an independent research project that explains NSE-listed Indian companies from first principles, for readers who are not finance professionals. Every page is written to teach the business, not to impress. This page explains where the work comes from and the rules it holds to, so you can judge how much to trust it.
Three kinds of writing. One deep research report per company, covering how it makes money, the industry it sits in, where its cash actually goes, the strength of its competitive advantage, and what could break it. Sector explainers that teach how a whole industry works before you look at any single company in it. And long-form case studies that rebuild one real event from the filings and pull out the single lesson worth keeping.
The figures come from primary sources: company results, annual reports and investor presentations, regulatory filings, and aggregators such as screener.in that reproduce those filings. Where we lean on outside coverage, it is named and linked. Case-study evidence is traced to the exact filing line it rests on, and any document images are real pages from real public filings, never mock-ups.
Not every fact is equally solid, so on the load-bearing claims in our case studies we label two different things: what kind of source a number came from, and how confident we are in the claim itself. The first is a source tier.
Separately, we mark our confidence in the claim as high, medium or low. High means several independent sources agree; medium means the evidence supports it but leaves room for judgement; low means it is an idea worth raising but thin on proof, kept only when it is clearly flagged as such. The two labels are independent: a tier C number that many outlets report the same way can still be high confidence, and a tier A figure can be low confidence if it hinges on a definition that shifts year to year.
Every case study is written to survive disagreement, not just to read well. We try to disprove our own conclusion, present the strongest opposing view, and keep only what holds up. Two habits show on the page.
Fathom is written and edited under the Fathom name rather than by a rotating cast of bylines, so the voice and the standards stay the same across every page. It is a personal, independent project, not the research arm of a broker, an asset manager, or any company we write about. We hold no brief for the businesses covered, and nobody pays for coverage.
Fathom is educational. It is not a SEBI-registered investment adviser, and nothing here is a recommendation, an offer, or a solicitation to buy or sell any security. The benchmarks and rules of thumb are teaching aids, not thresholds to trade on. Content is general, can contain errors, and goes stale as the world moves. Any decision you take is your own, and you should do your own research and consult a SEBI-registered adviser and your tax adviser before investing.