Amish Shah Credit Suisse The buy side says: “Amish has conviction in his calls, which is extremely important to me.”

Amish Shah of Credit Suisse, who claims first place, “is not afraid to take a negative stance,” notes one portfolio manager. The 30-year-old analyst did just that in August, when he published the first in a series of 100-plus-page thematic reports. His inaugural study discussed the risks of India’s overdependence on coal, which was growing scarce, and included a downgrade of Adani Power from neutral to underperform, at 139.80 rupees, and Jaiprakash Power Ventures from outperform to neutral, at Rs66.85, on the electricity suppliers’ exposure to rising domestic-­coal prices. By the end of May, shares of Ahmedabad-­based Adani had slid 17.4 percent, to Rs115.50, and Jaiprakash Power, which is based in Noida, had tumbled 26.3 percent, to Rs49.25. During the same period the sector dropped 19.9 percent. Shah, who earned an MBA at ­the University of Mumbai in 2004, covered the utilities sector for ICICI ­Securities and DSP ­Merrill Lynch before moving to Credit Suisse in 2008.