Valuation Services

Independent, Defensible Valuations Across Asset Classes and Purposes

Valuation sits at the centre of many high-stakes decisions — fundraising, M&A, regulatory compliance, tax filings, insolvency resolution, and dispute resolution — and an unreliable or poorly documented valuation can unravel a transaction or invite regulatory challenge long after the report is delivered.

We provide independent valuation services across financial assets, business enterprises, and physical assets, applying recognised methodologies and, where mandated, working through IBBI-Registered Valuers to ensure the valuation is technically sound and legally compliant for its intended purpose.

Our Valuation Services

Business & Equity Valuation

Valuing companies and equity shares for fundraising, M&A, ESOP, and shareholder dispute purposes.

Valuation for Companies Act Compliance

Valuations required under Section 62, 192, 230-232, and other provisions of the Companies Act, 2013.

Valuation for Income Tax Purposes

Fair market value determination for angel tax, capital gains, and other Income Tax Act requirements.

Valuation Under IBC

Asset and enterprise valuation for resolution plans, liquidation, and fair value/liquidation value assessments in CIRP.

Financial Asset Valuation

Valuation of financial instruments, securities, and complex financial assets for regulatory and transaction purposes.

Land, Building & P&M Valuation

Valuation of immovable property and plant and machinery for financing, transaction, and compliance requirements.

When a Formal Valuation Is Required

Issuance of shares, including preferential allotment and rights issues under the Companies Act
Mergers, demergers, and other schemes of arrangement requiring a fair valuation report under Sections 230-232
Angel tax compliance and capital gains computation under the Income Tax Act for unlisted share transactions
Fair value and liquidation value determination during CIRP under the IBC, prepared by two Registered Valuers
ESOP grants, requiring fair value determination for accounting and tax purposes
Loan security, insurance, and financial reporting purposes requiring independent asset valuation

Frequently Asked Questions

What valuation methods are commonly used?

Common methods include the Discounted Cash Flow (DCF) method for income-generating businesses, the comparable companies or comparable transactions method benchmarking against similar listed or transacted entities, the Net Asset Value (NAV) method for asset-heavy businesses, and specific statutory methods prescribed under tax rules such as Rule 11UA for certain purposes.

Who is required to conduct valuations under the Companies Act and IBC?

Certain valuations under the Companies Act (such as for share issuance and schemes of arrangement) and under the IBC (such as fair value and liquidation value during CIRP) must be conducted by a Registered Valuer registered with the IBBI under the Companies (Registered Valuers and Valuation) Rules, holding registration for the relevant asset class.

Why does IBC require two Registered Valuers during CIRP?

The IBBI (Insolvency Resolution Process for Corporate Persons) Regulations require the Resolution Professional to appoint two Registered Valuers to independently determine the fair value and liquidation value of the corporate debtor, and where their estimates differ significantly, a third valuation may be obtained, to ensure an objective and reliable basis for evaluating resolution plans.

What is angel tax and how does valuation relate to it?

Angel tax, under Section 56(2)(viib) of the Income Tax Act, taxes the excess of share issue price over the fair market value of shares issued by certain unlisted companies to residents as 'income from other sources'; a properly supported valuation report, prepared using the methods prescribed under Rule 11UA or by a merchant banker, is central to defending the issue price against this provision.

How long is a valuation report typically valid?

There is no single universal validity period; it depends on the purpose and applicable regulation, but valuations generally reflect conditions as of a specific valuation date and lose relevance as time passes and business or market conditions change, so most regulators and transaction counterparties expect a reasonably recent valuation date relative to the event it supports.

Get a Valuation That Withstands Scrutiny

From business valuation to statutory asset valuation under the Companies Act and IBC, we deliver independent, well-documented reports.

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