CORPORATE FINANCE  ·  COMPANY LAW  ·  COMPLIANCE Delhi
Capital Markets & Transactions

Independent Business Valuation

A valuation is only as good as its defensibility. We produce independent valuations for transactions, ESOP schemes, regulatory filings, and shareholder actions — built on documented methodology, comparable analysis, and assumptions a diligence room can interrogate without finding holes. Every report is written for the reader who wants to challenge it.

3approaches triangulated — DCF, market, asset-based
2–3 wksfor a standard independent valuation
100%assumptions documented and sourced
Diligence-gradereports written to be challenged

When this matters.

The fundraise that needs a defensible number

You're raising equity and the term sheet hinges on valuation. We produce an independent number with methodology your investors' advisors can verify — not a founder's aspiration.

The ESOP scheme that needs grant pricing

Options must be granted at fair value. We value the equity for scheme design and grant pricing, compliant with the applicable regulations.

The transaction facing regulatory scrutiny

FEMA, income-tax, or Companies Act filings require a valuation from a registered valuer using prescribed approaches. We deliver reports that clear regulatory review.

What we do.

01

Business & equity valuation

Full enterprise and equity valuation for M&A, fundraises, and shareholder transactions — DCF, comparable company and transaction multiples, asset-based approaches triangulated and weighted for your stage and sector.

02

ESOP & sweat equity valuation

Fair value determination for option grants, sweat equity, and employee transactions — the number your scheme, your auditors, and the tax authorities all accept.

03

Purchase price allocation

PPA for business combinations under Ind AS 103 — identifiable intangibles, goodwill computation, and the documentation your auditors require.

04

Regulatory valuations

Valuations for FEMA (pricing guidelines), income-tax (56(2)(viib) and capital gains), and Companies Act (preferential allotment, buy-back) — by a registered valuer, in the prescribed form.

05

Fairness opinions

Independent second opinions on transaction pricing — for boards, audit committees, and minority shareholders who need an objective read.

06

Impairment testing support

Value-in-use and fair-value-less-costs models for Ind AS 36 impairment testing, with assumptions your auditors can sign off on.

The regulatory frame.

The law that governs this work.

  • Companies (Registered Valuers and Valuation) Rules, 2017
  • FEMA pricing guidelines — inbound/outbound investment
  • Income-tax Act — 56(2)(viib), 50CA, 50D
  • Ind AS 103 (business combinations), Ind AS 36 (impairment), Ind AS 113 (fair value)

How we work.

STEP 01

Scope & data

We define the purpose, standard of value, and premise — then collect financials, management projections, and market data.

STEP 02

Analysis

Triangulated valuation across approaches, with comparables selected and justified — not cherry-picked.

STEP 03

Report

A diligence-grade report: methodology, assumptions, sensitivities, and limitations, written to be challenged.

STEP 04

Defence

We walk your auditors, bankers, or the other side's advisors through the report and defend the conclusions.

Questions we hear.

Which valuation methods do you use?

DCF, comparable company and transaction multiples, and asset-based approaches — selected and weighted for your company's stage, sector, and the valuation's purpose. Every assumption is documented and sourced.

Are you a registered valuer?

Valuations for regulatory purposes are signed by a valuer registered under the Companies (Registered Valuers and Valuation) Rules, 2017, in the prescribed form.

How long does it take?

Two to three weeks for a standard valuation from complete data. Multi-entity or complex assignments take longer — we confirm the timeline upfront.

Will it hold up in diligence?

That is the design brief. Methodology, comparables, assumptions, and sensitivities are laid out so a buyer's advisor finds answers, not gaps.

Talk to us

Start with a conversation.

Tell us where your company is headed. A partner — not a sales rep — will respond.

Request a consultation