Independent, structured and defensible valuation support for businesses, startups, investors and promoters — whether you are raising capital, transferring shares, planning an acquisition, issuing ESOPs, restructuring ownership or responding to a regulatory requirement.
Business valuation is a structured process used to estimate the economic value of an enterprise, equity interest, shares or business interest. A sound valuation considers the company's historical performance, future earning capacity, cash flows, assets and liabilities, capital structure, business risks, industry conditions and market evidence.
There is no single method suitable for every business. The appropriate methodology depends on the purpose of valuation, nature and stage of the business, availability of reliable data and the relevant transaction or compliance context.
Investor negotiations, private equity, venture capital and strategic funding.
Acquisition, merger, divestment, buyout or promoter exit decisions.
Issue, transfer, restructuring or change in ownership interests.
Employee equity plans and related corporate or financial reporting needs.
Shareholder disputes, succession matters and family settlements.
Valuation requirements arising under applicable corporate, tax or FEMA provisions.
From internal decision-making to transaction support, we help management and stakeholders understand value through a documented and commercially reasoned approach.
Valuation of enterprise value, equity value and ownership interests for strategic, transaction and internal decision-making purposes.
Valuation support for early-stage and growth companies considering business model, scalability, forecast risk and funding expectations.
Transaction-oriented valuation support for acquisitions, mergers, stake purchases, exits, restructuring and deal negotiations.
Assessment of share value for issue, transfer, buyout, shareholder arrangements and other corporate actions, subject to applicable law.
Valuation inputs for employee stock option and equity incentive arrangements, including financial reporting or compliance use cases as applicable.
Independent valuation analysis to support shareholder disputes, family settlements, succession planning and negotiated settlements.
Valuation assistance for accounting, impairment, investment or other reporting matters where a documented valuation basis is required.
Support in identifying and preparing valuation analysis for corporate, tax and cross-border requirements, depending on the applicable provision.
Independent review of an existing valuation model, assumptions, forecasts, multiples, discount rate and overall methodology.
Valuation is not merely a formula. The methodology should reflect how the business creates value and the quality of available information.
Estimates value from the present value of future cash flows using an appropriate discount rate.
Benchmarks the business using valuation multiples observed for comparable companies or transactions.
Considers the fair or adjusted value of assets less liabilities, depending on the purpose and basis of valuation.
Depending on the nature of the transaction, valuation may be relevant under the Companies Act, Income-tax provisions, FEMA / cross-border rules, financial reporting requirements or contractual arrangements. The required valuer, valuation date, methodology and reporting format can differ by provision.
The applicable legal provision and professional eligibility should be confirmed for each assignment before issuing a report or certificate.
The exact checklist depends on the purpose, industry, stage of business and selected methodology.
A tailored information checklist is shared at the time of engagement, based on the specific purpose, industry and stage of the business.
A practical workflow designed to keep the valuation understandable, documented and aligned with the purpose of the assignment.
Understand the transaction, valuation date, stakeholder requirement and applicable framework.
Collect historical financials, forecasts, cap table, business information and supporting documents.
Review performance, normalise financials, study industry factors, risks and key value drivers.
Select and apply appropriate methods, assumptions, discount rates and market benchmarks.
Document methodology, assumptions, conclusion and discuss the outcome with management.
A valuation conclusion is stronger when the reader can understand the purpose, information used, methodology adopted, key assumptions and limitations.
Valuation support backed by financial statement understanding, tax awareness and transaction context.
We focus on the value drivers that matter in real negotiations, funding and strategic decisions.
Methodology, assumptions and limitations are clearly articulated for better defensibility.
Professional support through Pune, Mumbai and Nashik with remote assistance across India.
Common questions about M&A advisory, due diligence, and how engagements are structured.
A focused red flag review can be completed in 5–7 working days. A full financial and tax due diligence typically takes 3–4 weeks, depending on the volume of documents, responsiveness of the target, and the scope agreed at mandate stage. Timelines are defined in the engagement letter before work begins.
Financial DD focuses on the quality and sustainability of earnings, working capital, net debt, and the accuracy of historical financial statements. Tax DD covers income tax, GST, and TDS compliance — identifying pending demands, undisclosed liabilities, and structuring risks that could affect deal value or post-acquisition exposure. Both are usually conducted together.
Ideally, before signing the term sheet or letter of intent — so findings can influence deal terms, price, or conditions rather than create post-signing renegotiation. For sellers, vendor DD is most effective 2–3 months before entering a sale process, giving time to address issues before a buyer's team finds them.
No. We act for one party per transaction to maintain independence and avoid any conflict of interest. If we are engaged by a buyer, we cannot simultaneously advise the seller in the same deal — and vice versa. This is stated in our engagement terms.
A red flag review is a shorter, higher-level assessment designed to surface material concerns quickly — typically used at early deal stages or for smaller transactions. A full due diligence is a comprehensive review across all agreed areas, with detailed schedules, normalisation analysis, and a complete deliverable set. The right scope depends on deal size, timeline, and risk appetite.
Yes. Financial DD and business valuation are often conducted together — the normalised earnings and working capital peg from DD directly feed into the valuation model. Combining both reduces document requests, avoids duplication, and ensures the valuation reflects actual verified financials rather than management-presented numbers.
All information shared during the engagement is covered by a mutual non-disclosure agreement signed before any documents are shared. Data is accessed only by team members working on the engagement and is not shared with third parties. Physical and digital data handling protocols are discussed and agreed at the start of the mandate.
No. Due diligence is relevant for any transaction where a party is committing capital or assuming liabilities — including acquisitions of small businesses, partial stake purchases, and fundraising rounds with valuation components. The scope and depth are calibrated to the transaction size; smaller deals typically use a focused red flag review rather than a full DD process.
Tell us about the deal — stage, size, and what you need. We will confirm scope and a timeline within 24 hours.