Independent valuation reports by an IBBI Registered Valuer (Securities or Financial Assets) — accepted for Companies Act, FEMA (Foreign Exchange Management Act), income-tax, ESOP, fund-raising, M&A and financial-reporting purposes.
Who needs this
- Companies issuing shares to investors (Indian or foreign), granting ESOPs, or undertaking mergers, buybacks or preferential allotments.
- Foreign investors buying or selling shares of an Indian company (FEMA pricing guidelines).
- Startups needing a defensible valuation for a fund-raise or a Rule 57 (formerly Rule 11UA) income-tax valuation.
- Groups needing purchase-price allocation, impairment testing or fair-value measurements for financial reporting.
What we do
- Identify which regulation governs the valuation and which method it accepts — Companies Act section 247 (Registered Valuer required for preferential allotments, mergers, etc.), FEMA pricing guidelines (internationally accepted pricing methodology), income-tax Rule 57, ESOP perquisite valuation (merchant banker where required — we coordinate).
- Perform the valuation using DCF, market multiples, net-asset or option-pricing methods as appropriate, in line with ICAI Valuation Standards / IVS.
- Issue a signed valuation report and certificate; defend it with investors, auditors, the RBI's AD bank, or the tax officer.
What you receive
- Valuation report with methodology, assumptions and working; certificate in the format the regulator or bank requires.
Documents you'll need
- Audited financials (3 years) and current-year management accounts
- Business plan / financial projections (5 years) with assumptions
- Cap table, shareholder agreements, term sheet for the proposed transaction
- Details of comparable transactions or listed peers, if known
Typical timeline
Typically 1–2 weeks after complete information. Indicative. Government processing times vary.
Download the document checklist (PDF)
Questions we are asked most
Who needs Business valuation?
Companies issuing shares to investors (Indian or foreign), granting ESOPs, or undertaking mergers, buybacks or preferential allotments. Foreign investors buying or selling shares of an Indian company (FEMA pricing guidelines). Startups needing a defensible valuation for a fund-raise or a Rule 57 (formerly Rule 11UA) income-tax valuation.
How long does Business valuation take?
Typically 1–2 weeks after complete information. Government processing times vary.
What documents do you need for Business valuation?
Audited financials (3 years) and current-year management accounts. Business plan / financial projections (5 years) with assumptions. Cap table, shareholder agreements, term sheet for the proposed transaction. Details of comparable transactions or listed peers, if known.
Last updated: September 21, 2026.