Purpose and standard
Valuation date, intended use, governing requirement and audience.
A valuation should explain the conclusion, not simply state a number
CA Vijaykumar Puri is a Registered Valuer, Securities and Financial Assets, Registration No. IBBI/RV/06/2021/14512. He personally signs the valuation reports covered by this service.
When this is relevant
Situations that bring clients to us
- An investor, buyer or promoter needs an independent view of value.
- A valuation is needed for the issue or transfer of securities.
- A report is required under the Companies Act, Income-tax Act or FEMA.
- A company needs an ESOP or startup valuation.
- The valuer needs to understand the business, assumptions and transaction context.
What the work considers
The purpose and evidence determine the method and report.
Business and industry
Revenue model, customers, drivers, risks and competition.
Historical information
Statements, management accounts, normalisation, working capital and debt.
Forecasts
Assumptions, consistency with history and capacity, and risks.
Methods
Income, market or asset approaches selected for the purpose and evidence.
Conclusion and report
Analysis, assumptions, limitations and documents reviewed.
Use cases
Reports are scoped for one stated purpose, date and audience.
Investment or fundraise
A supportable view for an issue or investment discussion.
Share transfer
A documented basis for transfer, exit or restructuring.
Tax or regulatory requirement
A defined report under the applicable requirement.
Strategic decision
Independent analysis before deciding how to proceed.
Timing
Assignments commonly take 3 to 21 working days, depending on complexity and information readiness.
No outcome promise
The report does not promise acceptance of a price or conclusion by any authority.
Frequently asked questions
Questions before an engagement
Who signs the report?
CA Vijaykumar Puri, Registered Valuer, Securities and Financial Assets, Registration No. IBBI/RV/06/2021/14512.
Which method will you use?
It depends on purpose, company, evidence and the applicable requirement.
Can you value a startup?
Yes, subject to scope and evidence, including forecasts, funding and milestones.
How long does it take?
Usually 3 to 21 working days depending on complexity and completeness of information.
Can the report be reused?
No. Reuse for another purpose requires review and may require a separate engagement.
Begin with the purpose and valuation date
Share why it is required, the parties, expected date and documents available.
