First Water focuses on investing in companies that are publicly listed on Indian stock exchanges. The investment philosophy of the firm centres primarily on a long only strategy, with a value driven and concentrated portfolio approach. The focus is on intrinsic value maximization at a portfolio level rather than just market value of individual names. Our preferred investment time frame is around 5-7 years in order to allow our investment decisions to play out. Our focus is India, which is an economy that we believe has a long way to go.