CIFAR (Center for International Financial Analysis and Research) Emerging Capital Markets Pvt. Ltd. undertakes in-depth financial analysis and research work on the leading companies in emerging capital markets worldwide.
This group was established in 1987 and is based in Ahmedabad, India, a large metropolis in Western India where leading business schools such as The Indian Institute of Management (IIM-A) are located. This region of India, state of Gujarat, has an ample supply of accounting professionals as Gujaratis are very numerically oriented.

Currently, CIFAR follows 20,000+ companies from 45+ countries in Southeast Asia, South Asia, Eastern Europe, Africa, the Middle East and South America and the Caribbean. With 15+ years of archives on emerging markets companies, our collection of annual reports is one of the largest of its kind in the world.

CIFAR's team of 30 colleagues include dynamic team of accountants, financial analysts and web-based data providers with computer science training.