Practice

A startup valuation is examined by three frameworks at once — the Companies Act, the Income-tax Act and FEMA. We produce reports that hold the same defensible number in front of all three, and in front of your investors.
Reports & Certifications
- DCF, Rule 11UA & market-comparison reports
- Registered Valuer / CA certification
- Category II Merchant Banker reports
- FEMA-compliant pricing certifications
Deal & Cap-Table Modelling
- Pre-money / post-money modelling
- ESOP valuation & impact modelling
- Swap ratios for mergers
Independent Opinions
- Fairness opinions
- Independent valuations