About DalalBytes

DalalBytes is an independent equity research firm hunting for multi-baggers in US and Indian markets.

It was founded by Prakash Damodaran, who spent 27 years building and scaling technology systems, including engineering leadership roles at Amazon, Wayfair, Akamai, and BlackBerry, before leaving software to invest full time. That background is the edge: understanding how technology actually gets built makes it easier to tell which companies have a real moat and which just have a good story.

The approach is deliberately concentrated and patient. A small number of high-conviction positions, each graded against a five-pillar framework — sunrise sector, leadership, moat, balance-sheet strength, and free cash flow — and held through volatility as the thesis plays out. The founding proof of the method was a 15-bagger held through a two-year bear market.

DalalBytes publishes its research openly. Every deep dive stands on its own, with the thesis, the numbers, and the risks laid out. Borrow the idea; the verdict has to be yours.