Estimating the worth of a business or an asset is never straightforward. Performing valuations is getting more and more complex with continuous changes in the regulatory and business environment.

Valuation involves advising on valuation of business, company, share and asset, both for commercial and statutory purposes. Valuations assignments may be conducted alongside other services such as tax and regulatory, forensic and financial reporting.

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Valuation as a practice requires high level of expertise. It is due to the direct link between the results of our work and the price a buyer or seller may pay or receive. Also, where there is reliance on our opinion by the parties transacting or regulatory authorities such as SEBI, RBI and Income Tax authorities and the client and their auditors for accounting and reporting purposes. In addition, most valuations are based on forecasts and specific assumptions about possible developments in the future.

Valuation services involve the act or process of developing an opinion of value. As such, it is never a fact but always an opinion on the worth of the business or asset to be valued at a given time in accordance with a specific definition of value.

Our valuation services are broadly classified into the following:

  • Business valuation for restructuring/purchase/sale/litigation
    • Business valuation required at the time of restructuring of companies, which may involve mergers, demergers or amalgamations
    • Valuation purchase/sale/acquisition of company
    • Valuation for shareholder dispute, Valuation advice to minority shareholder, JV partners
    • Valuation for forensic support where we act as "Expert Witness"
  • Valuation for regulatory compliance
    • Valuation for transactions between resident shareholder and non-resident shareholder and vice versa where the report is filed with RBI under FEMA regulations
    • Valuation for submission to tax authorities in connection with withholding tax/capital gain tax
    • Valuation to be performed as registered valuer under Companies Act 2013
  • Valuation for financial reporting purposes
    • Valuation for purchase price allocation for business combination as per US GAAP (SFAS 141R, now codified as ASC 805), IFRS (IFRS 3R)
    • Valuation for impairment testing of goodwill and intangibles assets as per US GAAP (SFAS 142, now codified as ASC 350), IFRS (IAS 36), Indian GAAP (AS 28)
    • Valuation of stock options/derivatives and other financial instrument as per US GAAP (SFAS 123R), IFRS (IAS 32, IAS 39, IFRS 7, IFRS 2)
    • Valuation as required under IND AS

  • Intangible assets valuation
    • Valuation of intangible assets for transaction/ funding purposes. Intangible assets include brands, tradename, customer contracts, customer relationships, software, intellectual property, non-compete agreement and assembled workforce

  • Private equity valuation
    • Valuation services may be required by private equity and venture capital entities for reporting to their investors or for accounting purposes under the International Private Equity and Venture Capital (IPEVC) valuation guidelines