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PAN India • Urban + Rural contact@cmmresearch.in Customer n Market Mirror
Market Research Company in India | CMM Research
Customer n Market Mirror

Research That Reflects What Your
Customers Actually Think.

CMM delivers quantitative and qualitative research, mystery shopping and quality checks for FMCG and BFSI clients across PAN India.

Our Research Services

Real People. Real Conversations.
Actionable Insights.

THE MIRROR PRINCIPLE

A market research report is only useful if it reflects reality.

Not what a client hopes to hear, and not what's easiest to collect. That's the idea behind the name CMM: Customer n Market Mirror. We exist to hold up an honest mirror between your business and the customers and markets you serve.

We design studies the way we'd want to receive them if we were sitting on the client side of the table.

S.P. Shukla Founder, CMM
15+ years • Ex-Unilever (10 yrs) • Ex-HSBC • PAN India research leadership

Before founding CMM, Shukla spent a decade at Unilever and worked closely with HSBC, giving him a rare vantage point: he knows what it's like to commission research as a demanding client, and what it takes to deliver it well as an agency partner.

CLIENT-SIDE THINKING AGENCY-SIDE RIGOR HONEST MIRROR
Customer
n Market Mirror
EST. 2008
YOUR BUSINESS
CUSTOMERS & MARKETS
FMCG

Brand, pack, shelf testing

BFSI

Compliance & experience audits

“Having commissioned research at Unilever and delivered it as an agency partner, I know the difference between data that's easy and data that's true. CMM was built for the latter.”
— S.P. Shukla
WHAT WE DO

One roof. One methodology. One quality standard.

Full research capabilities under one roof — so you're not stitching insights from multiple vendors with different standards.

SCROLL TO STACK
01
HSBC LEGACY

Quality Check

Validation discipline institutionalized at HSBC. Multi-level checks that ensure data is real, not convenient.

Fieldwork validationData integrityFraud detection
Explore →
Built from scratch at HSBC
02
FACE-TO-FACE

Direct Customer Contact

Your marketing & leadership teams face-to-face with real customers. No filters, just honest conversations.

Leadership immersionsReal homesUnfiltered
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Your team meets real customers
03
MOST DEMANDED • DATA & MEASUREMENT

Quantitative Research

Product tests to tracking studies — product tests, dipsticks, CATI/CAPI, segmentation, choice modeling & tracking.

Product testsTrackingCATI/CAPI
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Scale you can act on
04
HUMAN INSIGHT

Qualitative Research

Discussions, interviews & observation that get beneath what customers say to what they actually do.

Group discussionsDepth interviewsIn-home obs
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Beyond what they say
05
GROUND REALITY

Mystery Shopping

Measures what frontline actually delivers, not what training manual says. Real stores, real moments.

Real store visitsService gapsFrontline reality
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What customer actually gets
Client-Side Experience | CMM
BUILT ON CLIENT-SIDE EXPERIENCE

Not just agency process.
Client-side reality.

A lot of agencies are good at running fieldwork. Fewer have sat inside a client org, watched findings presented to leadership, and seen which insights actually changed a decision vs. sat in a deck.

Shukla's 10 years at Unilever — Customer Intimacy across urban & rural India — gave him exactly that view. At HSBC, he built Quality Check from scratch and ran PAN-India Customer Intimacy, Direct Customer Contacts, CSAT & Mystery Shopper, Brand Tracking, and quality monitoring across Delhi credit card call centers.

WE KNOW HOW MAJOR AGENCIES OPERATE
IMRBTNS-MODEAC Nielsen-ORG-MargSynovate

Drawn on the best of that world, without the overhead that slows larger agencies down.

UNILEVER • 10 YEARS
Customer Intimacy — urban & rural India
HSBC • QC
Built QC function from scratch
PAN-INDIA
CSAT & Mystery Shopper
BRAND TRACKING • CALL CENTER
Delhi CC + large tracking studies
We’ve seen what gets used

Which insights changed a decision vs. sat in a deck

EQUAL SERIOUSNESS

Quantitative and Qualitative,
Handled With Equal Seriousness

Some agencies lean to one side. We don't. Both get same rigor, same QC, same attention.

01 — QUANTITATIVE

Built for scale, designed for decisions

Click to fold / unfold • 12 capabilities

Full spectrum quant — not just data collection, but measurement that moves business. PAN-India with HSBC-grade QC.

Product & Concept Tests Pre & Post-Launch Dipsticks CATI / CAPI Telephonic Habits & Attitudes Consumer Panels Segmentation Discrete Choice Modeling Ad Testing Tracking Studies CSAT Measurement Retail Audits & Shop Census Opinion & Exit Polls
PAN-India • Multi-level QC • 1000s interviews/week
02 — QUALITATIVE

Beneath what they say, what they actually do

Click to fold / unfold • 4 deep methods

Built around Direct Customer Contact systems Shukla pioneered for consumer immersions at Unilever.

Direct Customer Contact Systems

Consumer immersions — your teams face-to-face with real customers.

Insight Activator Workshops

Turning observations into actionable ideas, not just decks.

Group Discussions & Depth Interviews

Moderated conversations that uncover motivations.

In-Home Observations

We watch what people do, not just what they claim.

From claimed behaviour to actual behaviour
WHO WE WORK WITH

Deep in FMCG.
Battle-tested in BFSI.

Our team's experience runs deep in FMCG from a decade inside one of the world's largest consumer goods companies, and in financial services built through large-scale programs at HSBC.

FROM UNILEVER DECADE

FMCG

Fast-moving research cycles • Consumer closeness • Urban + Rural
  • Habits & Attitudes, Product & Concept Tests
  • Customer segmentation & shopper understanding
  • Direct Customer Contact — real homes, real usage
  • Comfortable with fast turnarounds & scale
Built for speed + depth
FROM HSBC LARGE PROGRAMS

BFSI & Financial Services

Regulated, service-quality focused • QC discipline • Trust & compliance
  • PAN-India CSAT, Mystery Shopper, Brand Tracking
  • Call center quality monitoring (Delhi CC)
  • Quality Check function built from scratch
  • Service design that regulators & auditors respect
Built for rigor + compliance

That combination means we're comfortable with fast-moving consumer cycles and with the more regulated, service-quality-focused research that BFSI needs — and we bring the same rigor to both.

HOW WE WORK

What sets us apart? Click to see.

VERIFIABLE • HSBC LEGACY

Quality You Can Verify,
Not Just Trust

Because Shukla built HSBC's Quality Check department from the ground up, quality assurance isn't an afterthought bolted onto our fieldwork — it's a discipline we treat as a service in its own right, and one we apply to our own studies as a matter of course.

Every project runs through defined processes designed to protect turnaround time, data quality, and cost, informed by an awareness of ISO process standards throughout.

QC dept built from scratch at HSBC
Protects TAT + Data + Cost
ISO aware processes
Applied to our own studies too
Defined processes • Not afterthought
PARTNER • NOT VENDOR

A Research Partner,
Not Just a Vendor

We'd rather have a conversation about what decision you're actually trying to make than simply take a brief and run with it.

Good research starts with understanding the business question behind the request — and that consultative approach, more than any single methodology, is what we think sets CMM apart.

Business question before methodology
Decision first, deck later
We push back when brief needs it
Consultative, not transactional
Conversation over brief-taking
OUR PROCESS

How We Approach
a New Study

Every engagement starts with a conversation about the decision — not just the questionnaire.

01

Decision, Not Questionnaire

We start with what decision is on the other end of research. Business question first.

02

Methodology That Fits

Sometimes large quant tracking, sometimes handful of depth interviews, often both. No one-size-fits-all.

03

Fieldwork + Quality Checks

We stay involved through fieldwork — HSBC-grade QC built in, not bolted on. Real data only.

04

Analysis & Final Read-out

Insight reaches you after same scrutiny we'd want as client. Decision-ready, not deck-heavy.

We stay involved through fieldwork, quality checks, analysis, and the final read-out, so the insight that reaches your team has been through the same scrutiny we'd want if we were the client receiving it.

PAN-INDIA • URBAN + RURAL

Reach Across
India

Good research depends on being able to go where your customers actually are, not just where fieldwork is convenient.

Our field teams work across urban and rural India alike — which matters for Customer Intimacy programs like Shukla ran at Unilever and HSBC, where regional nuance changes the finding entirely.

Metros + Tier 2/3
Village-level rural
Regional languages
INDIA
Not convenience sampling — real customer locations
READY WHEN YOU ARE

Let's talk about
your next study.

Tell us what you're trying to learn — we'll help you figure out the right way to learn it. No template pitch, just a real conversation about the decision behind the research.

Business question first Methodology that fits Same scrutiny as client
Reach Out
Via contact page • Response within 24 hrs • Founder-led reply
We'd rather have a conversation than take a brief and run.
CMM Research

Customer n Market Mirror — market research company built around field discipline, data quality & genuine insight. Not vanity metrics. PAN India • Urban + Rural.

Data Quality Field Discipline Genuine Insight Legacy: Unilever • HSBC
Contact CMM
Emailresearch@cmmresearch.comFor study enquiry • [EMAIL]
Phone / WhatsApp+91-96500 11612Quick scoping • [PHONE]
Office[ADDRESS] • Visits by appointment
PAN India field teams
Research That MattersNot just reports
PAN India ReachUrban + Rural
No Data SellingAggregate reporting only
1-2 Day ResponseEvery genuine enquiry
© 2026 CMM – Customer n Market Mirror • All rights reserved • Built around research that actually matters