8,500 firms listed but only 200 worth buying: Kotak Alts MD

Kotak Alts MD Srini Sriniwasan said on the podcast that of India's 8,500+ listed companies, barely 300-400 see daily trading, "the rest are useless, honestly speaking." Filtering for governance, like management putting "wife, kids, and household staff" on payroll, and only around 200 remain. Everyone chasing the same stocks makes valuations expensive, he said.