Valuation Services — India & US
Business, share and intangible valuations that satisfy Indian regulatory requirements while standing up to the reporting expectations of a US-based parent, investor or counterparty — delivered by partners holding IBBI Registered Valuer credentials.
Valuation that satisfies Indian regulators and a US-based parent or counterparty — at once.
Valuation is rarely a single-jurisdiction exercise for the companies we serve. An ESOP valuation for an India subsidiary may need to satisfy Indian Income Tax Act requirements and the equity compensation reporting standards of a US-listed parent. A share transfer between group entities needs to be defensible under FEMA pricing guidelines and support the purchase price allocation in the acquirer's US GAAP or IFRS financial statements.
Our valuation practice — led by partners holding IBBI Registered Valuer credentials with 200+ completed valuations — is built to produce a single valuation deliverable that holds up on both sides of that line.
- Issuing or repricing ESOPs / RSUs for employees of an India subsidiary
- Share transfers between group companies or to/from a foreign parent
- Funding rounds — primary or secondary share issuance
- Purchase Price Allocation (PPA) following an acquisition
- Annual impairment testing of goodwill or intangibles
- Regulatory valuations for FEMA or Income Tax Act compliance
Regulatory valuations under Indian law.
Indian regulations prescribe specific valuation methodologies and reporting formats depending on the purpose — a share issue to a non-resident, for instance, has different requirements under FEMA than a valuation for income tax purposes under Section 56(2)(viib) or Rule 11UA.
Our India valuation practice is led by registered valuers under the IBBI framework, ensuring valuations carry the regulatory standing required for company law, tax, and FEMA filings.
- Business and share valuation for funding rounds and secondary transactions
- Valuation for FEMA compliance — fair value certification for FDI/ODI transactions
- Valuation under the Income Tax Act — Rule 11UA, Section 56(2)(viib), Section 50CA
- Valuation for business combinations — mergers, demergers, slump sales
- Valuation of gratuity and actuarial liabilities
- Facilitation of Merchant Banker valuation where mandatorily required
- ESOP and RSU valuations aligned with US equity compensation reporting expectations
- Purchase Price Allocation (PPA) supporting US GAAP / IFRS acquisition accounting
- Impairment testing valuations for goodwill and intangible assets under US GAAP / Ind AS
- Intangible asset valuations — brand, technology, customer relationships
- Valuation support for cross-border share transfers between Indian and US group entities
Valuations that align with US reporting requirements.
For India subsidiaries of US companies, or Indian companies with US-based investors or cap tables, valuations often need to satisfy US equity compensation and financial reporting standards in addition to Indian requirements.
We coordinate valuation methodology and documentation so the output is usable for both the Indian filing requirement and the US-side reporting need — avoiding duplicate valuation exercises run by separate, uncoordinated advisors.
Methodology-led, documentation-heavy, audit-ready.
Every valuation report we issue is built to withstand scrutiny — whether from a tax assessing officer, a statutory auditor, or a global audit team reviewing the parent company's consolidated accounts. We document the methodology selected (DCF, comparable companies, comparable transactions, NAV, or a combination), the key assumptions, and the sensitivity of the conclusion to those assumptions.