IBBI-Registered Valuation Excellence

Our practice is anchored in deep expertise in valuation across regulatory frameworks — Companies Act, Ind AS (Indian Accounting Standards), Income Tax, FEMA, and the Insolvency & Bankruptcy Code. With credentials as IBBI-registered Professional Valuers (Securities and Financial Assets), we deliver independent, defensible valuation opinions for Boards, Audit Committees, and regulators. Our Big 4 pedigree ensures we speak the same technical language as your auditors, bringing institutional-quality rigour to every engagement.

100+ Valuations Completed
Multiple Sectors Manufacturing, Services, Technology, Trading, Real Estate & More
Category Registered Valuer (Securities and Financial Assets)

Regulatory Frameworks

We operate under multiple regulatory frameworks, each with distinct valuation requirements and standards.

Companies Act, 2013

Only IBBI Registered Valuers can perform valuations under the Companies Act. We handle valuations for internal purposes, share issuances, and regulatory compliance with institutional rigor.

Income Tax Act, 1961

Valuation for Income Tax purposes can be done through two routes: DCF method (via Merchant Banker) or Net Asset Value method (via Registered Valuer). We deliver defensible valuations under both approaches.

FEMA Guidelines

For cross-border transactions and foreign investment valuations, we leverage our expertise as practicing Chartered Accountants and Merchant Bankers to ensure FEMA compliance.

Insolvency & Bankruptcy Code, 2016

Only IBBI Registered Valuers can conduct valuations under IBC. We specialize in enterprise valuations, asset valuations, and going-concern assessments for insolvency resolution processes.

Ind AS & Fair Value Measurements

Comprehensive fair value measurement expertise under Indian Accounting Standards for listed entities. We support quarterly reporting requirements, impairment testing, purchase price allocation, and financial instrument valuations aligned with Ind AS 113 and related standards.

When Valuation is Required

Business valuations are critical in numerous strategic and regulatory scenarios.

Selling the Business
Mergers & Acquisitions
Seeking Investment or Financing
Bankruptcy & Insolvency
Shareholder Disputes
Financial Reporting & Compliance
Litigation & Legal Matters
Intangible Asset Valuation
Employee Stock Ownership Plans (ESOPs)
Purchase Price Allocation
Impairment Testing
Independent Valuation Opinions for Boards
Fairness Opinions for Audit Committees
Ind AS Fair Value Measurements

Financial Instruments & Assets

We value a wide range of financial instruments and assets across regulatory frameworks.

Equity Shares
Preference Shares
Compulsorily Convertible Debentures (CCDs)
Derivatives
Options
ESOPs
Sweat Equity
Convertible Instruments
Optionally Convertible Debentures (OCDs)
Warrants
Hybrid Instruments
Intangible Assets
Land & Building
Plant & Machinery
Goodwill
Brand Valuation

Specialised & Complex Valuations

Beyond standard business valuation — the instruments and structures that demand quantitative modelling, not just multiples.

Multi-Class Cap Tables (OPM / Black-Scholes)

Option Pricing Method allocation of equity value across preference stacks — pricing each CCPS series and equity class consistently from one model, with breakpoint analysis, back-solve from recent rounds, and documented DLOM. The standard investors and auditors expect for venture-funded companies.

Market Linked Debentures (Monte Carlo)

Fair valuation of MLDs and structured notes through Monte Carlo simulation of the underlying — equity indices, gold, and other reference assets — capturing path-dependent payoffs, caps, floors, and Asian-average structures that closed-form models cannot.

Derivatives & Financial Instruments (Ind AS 109)

Fair value measurement of foreign currency debentures, cross-currency swaps, call spreads, options, and embedded derivatives for financial reporting — with workings structured for direct audit review under Ind AS 109 and Ind AS 113.

Share Exchange & Swap Ratios

Exchange ratio determination for schemes of merger and amalgamation — relative valuation of both entities under consistent methodology, with fully formula-driven workings and reports drafted for NCLT and shareholder scrutiny.

Start-up & ESOP Valuations

Valuations for funding rounds, ESOP grants, and sweat equity — bridging investor pricing, regulatory fair value, and the accounting charge, so the same company is not carrying three irreconcilable numbers.

Purchase Price Allocation & Impairment

Allocation of consideration across identifiable intangibles and goodwill under Ind AS 103, and periodic impairment testing under Ind AS 36 — aligned with auditor expectations for listed and PE-backed entities.

Valuation Methodologies

We employ rigorous, multi-method approaches tailored to each business, sector, and context.

Net Asset Value Method

Asset-based valuation approach focusing on the fair market value of tangible and intangible assets net of liabilities. Suitable for asset-heavy businesses, real estate holdings, and regulated entities.

Income Approach (DCF Analysis)

Discounted Cash Flow analysis projecting future earnings and discounting them to present value. Incorporates growth assumptions, margin forecasts, capital expenditure projections, and appropriate discount rates for risk.

Market Approach (Comparable Valuations)

Comparable company and comparable transaction analysis benchmarking the subject business against peer valuations, trading multiples, and recent transactions in similar sectors and geographies.

Complementary Methodologies

  • Asset-based Valuation: Detailed assessment of fixed assets, intangible assets, working capital, and contingent liabilities
  • Sensitivity Analysis: Rigorous stress-testing of valuations across growth rates, EBITDA margins, capital expenditure requirements, and discount rate assumptions

What We Value

Our valuation capabilities span businesses, financial instruments, and assets across industries.

Securities & Financial Assets Valuations across manufacturing, services, trading and technology sectors
Valuation of equity shares, preference shares, CCDs, derivatives, options, ESOPs, convertible instruments, and other financial assets
Property-linked valuation work including land, building and asset-based valuations
IBC/CIRP valuations for insolvency resolutions and distressed asset acquisitions
Financial modelling for transactions, investments, and regulatory compliance
Cashflow modelling for companies and SPVs
Valuation reports as per Companies Act, FEMA and Income Tax requirements

Ready to get a professional valuation?

Let us bring clarity and rigor to your valuation challenge.

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