A trademark is a legally registered and protected intellectual property right — comprising a distinctive symbol, word, phrase, logo, design, or combination thereof — that identifies and distinguishes the goods or services of one business from those of others in the marketplace, and indicates the source of those goods or services to consumers. In India, trademarks are registered under the Trade Marks Act, 1999 and administered by the Office of the Controller General of Patents, Designs and Trade Marks. A registered trademark grants its owner the exclusive right to use the mark commercially and to take legal action against infringement. In financial terms, trademarks form part of a company's intangible asset base — acquired trademarks are recognised on the balance sheet in business combinations — and are a key component of brand equity and competitive moat. For equity analysts and investors on Ventura Securities evaluating consumer, FMCG, pharmaceutical, and technology companies, the strength, breadth, and legal protection of a company's trademark portfolio is an important qualitative indicator of pricing power, brand defensibility, and sustainable earnings quality.