IBBI Registered Valuer in India
Independent Valuation reports signed by an IBBI Registered Valuer for Securities or Financial Assets
A Valuation opinion is only as strong as the professional standing behind it. For many statutory and regulatory assignments under the Companies Act, 2013, the Insolvency and Bankruptcy Code, 2016, SEBI regulations, FEMA pricing rules, and Income Tax Valuation provisions, businesses need a defensible Valuation report signed by a qualified professional with the right authority and asset-class registration.
Elite Valuation is led by CA Sagar Shah, an IBBI Registered Valuer for the Securities or Financial Assets (SFA) class and Ex-EY professional. Every report is prepared with Big 4-style documentation discipline and is structured to withstand review by auditors, tax authorities, NCLT, SEBI, RBI/FEMA stakeholders, investors, and transaction counterparties.
IBBI Registered Valuer Services in India
Elite Valuation provides independent IBBI Registered Valuer services for startups, listed and unlisted companies, promoters, PE/VC-backed businesses, AIFs, Resolution Professionals, CFOs, and investors across India.
Headquartered in Ahmedabad, we support clients in Mumbai, Delhi, Bengaluru, Hyderabad, Pune, Chennai, and other major cities through a structured, online-first valuation process that delivers timely, regulation-compliant reports.
Our valuation reports are prepared by an IBBI Registered Valuer and are aligned with the Companies Act, Income Tax Act, FEMA, SEBI, Insolvency and Bankruptcy Code (IBC), and other applicable regulatory frameworks for transactions, compliance, financial reporting, and dispute resolution.
Our Specialized IBBI Registered Valuation Services
We provide independent valuation reports for regulatory compliance, transactions, financial reporting, and strategic business decisions.
What Is an IBBI Registered Valuer?
An IBBI Registered Valuer is a professional registered with the Insolvency and Bankruptcy Board of India under the Companies (Registered Valuers and Valuation) Rules, 2017 to conduct Valuations for specified asset classes.
Registration is asset-class specific. A registered valuer can sign Valuation reports only for the asset class for which they are registered, such as Securities or Financial Assets, Land and Building, or Plant and Machinery.
For Securities or Financial Assets, the work commonly includes equity shares, preference shares, debentures, convertible instruments, business interests, and financial assets.
Get a Signed IBBI Registered Valuer Report
Legal Framework That Mandates or Recognizes a Registered Valuer
We provide registered valuer sign-off and Valuation documentation across Statutory, Tax, Transaction, and Regulatory contexts where the correct signatory matters.
- Companies Act Valuations: Share issue, preferential allotment, rights issue, sweat equity, merger, demerger, non-cash consideration, and other Section 247-linked Valuation requirements.
- ESOP and Share-Based Payment Valuations: Grant-date and exercise-date Valuation support for Ind AS 102 and Income Tax compliance.
- Income Tax Valuations: Fair Market Value under Rule 11UA, Transfer Pricing Valuation, and Valuation support for unquoted share transactions.
- IBC Valuations: Fair Value and Liquidation Value determination during CIRP and liquidation for Resolution Professionals and Committees of Creditors.
- SEBI Valuations: ICDR, LODR, preferential issue, open offer, delisting, and listed-entity transaction requirements where an independent Valuation report is needed.
- M&A and PPA Valuations: Swap ratio, enterprise value, equity value, fairness support, and Ind AS 103 purchase price allocation.
- AIF Portfolio Valuations: Independent Valuation support for unlisted portfolio investments and periodic reporting obligations.
- FEMA Valuations: Pricing support for inbound FDI, outbound ODI, NRI investment, and resident to non-resident share transfers.
When Do You Need a Report from an IBBI Registered Valuer?
Who Needs an IBBI Registered Valuer?
Startup Founders & CFOs
Company Promoters
Resolution Professionals & CoC
AIF Fund Managers
Finance Teams & Auditors
NRIs & Foreign Investors
Valuation Methodologies We Apply
Each Valuation report explains the selected methodology, rejected methods, key assumptions, Valuation date, information relied upon, and limitations so that the conclusion is traceable and defensible.
Income Approach
Market Approach
Asset Approach
Option Pricing & Hybrid Models
IBBI Registered Valuer vs. Chartered Accountant or General Valuation Consultant
Many businesses assume any Chartered Accountant or Valuation consultant can sign a Valuation report. For statutory and regulatory assignments, this can be incorrect. The right signatory depends on the law, purpose, asset class, and transaction structure.
| Parameter | IBBI Registered Valuer | Chartered Accountant | General Valuation Consultant |
|---|---|---|---|
| Statutory Authority | Can sign where the relevant law requires a Registered Valuer and the asset class matches. | Can sign only where the law permits a CA certificate or CA valuation. | Usually not accepted for statutory sign off unless specifically permitted. |
| Asset Class Registration | Specific to Securities or Financial Assets, Land & Building, or Plant & Machinery. | Not asset class registered under IBBI by default. | No statutory asset class registration by default. |
| Valuation Examination | Dedicated IBBI valuation examination and RVO membership pathway. | CA qualification only. Separate IBBI registration required for Registered Valuer status. | No uniform statutory examination requirement. |
| Code of Conduct | Bound by IBBI/RVO code of conduct, independence, competence, and disclosure requirements. | Bound by professional rules applicable to CA practice. | Depends on internal firm policy, if any. |
| Best Fit | Companies Act, IBC, Securities or Financial Assets valuation, share valuation, ESOP, FEMA, SEBI, AIF, and transaction valuation support. | Tax, audit, accounting, and advisory engagements where CA certification is permitted. | Internal valuation estimates, management analysis, or non statutory advisory. |
Elite Valuation combines CA Sagar Shah's Chartered Accountancy background with IBBI Registered Valuer authority for Securities or Financial Assets, giving clients both technical depth and the right statutory sign-off. Further, Sagar Shah holds extensive experience of 10 years working at Ernst & Young in India advising listed companies and large MNCs across the world.
Our IBBI Valuation Process
We follow a structured five step valuation process to deliver independent, regulation compliant, and defensible valuation reports within your required timeline.
Engagement Scoping
We confirm the valuation purpose, applicable regulations, asset class, reporting timeline, and engagement requirements before commencing the assignment.
Document Collection & Regulatory Review
We collect financial, legal, and transaction documents while identifying the applicable framework, including Companies Act, Rule 11UA, FEMA, SEBI, IBC, ESOP, AIF, M&A, or other regulatory requirements.
Valuation Methodology & Analysis
We select the most appropriate valuation approach and perform an independent analysis using financial data, market benchmarks, assumptions, discount rates, and valuation models.
Management Discussion & Validation
We discuss key assumptions, clarify information gaps, validate critical inputs, and review preliminary observations with management before finalization.
Signed Report Delivery
We deliver a professionally signed IBBI Registered Valuer Report containing the valuation scope, methodology, assumptions, supporting analysis, registration details, and final valuation conclusion.
What You Receive: IBBI Registered Valuer Report Contents
Why Choose Elite Valuation?
- Ex-big 4 Pedigree
Led by CA Sagar Shah (Ex-EY), with documentation discipline suited for audit, tax, regulatory, and transaction scrutiny. - Specialist Valuation Focus
Share Valuation, business Valuation, startup Valuation, ESOP Valuation, FEMA Valuation, IBC Valuation, SEBI Valuation & AIF Valuation support. - IBBI Registered Valuer for Securities or Financial Assets
Reports signed by a professional with the relevant asset-class authority.
- Defensible Reporting
Reports built to answer the questions auditors, tax authorities, NCLT stakeholders, investors, and boards usually ask. - Senior-led Delivery
Clients work directly with senior professionals from consultation through report delivery. - Verification-ready Credentials
IBBI no - IBBI/RV/06/2020/13744 and ICAI RVO - ICAIRVO/06/RV-P00155/2020-2021
Our Clients
Industries We Serve
Trusted by Leaders.
Proven by Results.
What founders, CFOs, and investors say about working with Elite Valuation.
"The team at Elite Valuation was very helpful in our multiple valuations. CA Sagar Shah personally ensured the valuation was objective and clearly explained to us, which helped fix the gap during negotiations. They are responsive, professional, and truly understand the complexities of M&A. Highly recommend their expertise for any deal."
"We've been working with Elite Valuation for our ESOPs for a few years now, and they've been great. They handle the complex regulatory side of things very smoothly, making sure our reports are always audit-ready and easy to understand. The team is professional and always help us meet a deadline, and they really know how to manage equity valuations for larger companies. Highly recommended if you need a reliable partner for compliance."
"Elite Valuation has been our go-to firm for our all type of valuations be ie Merger, ESOP, Preferential Valuation of listed companies. They understand the nuances of different regulations, complex valuation modelling and always ensure the assumptions are well-supported and defensible during audits. Their consistency and reliability make them a trusted partner for all of our Valuation requirements ."
"We engaged Elite Valuation for a merger valuation involving more than 12 group companies, and the experience was seamless. Mr Sagar Shah and his team built a robust model that satisfied all stakeholders. Their understanding of regulatory requirements and valuation complexities made them an invaluable partner throughout the process."
"Sagar and his team understand ESOP and Business valuation and compliance very well. What we like most is that they take the time to explain the numbers and the logic behind them, which has been very useful for us internally. It feels like working with a team that genuinely knows the space well."
"We issued compulsorily convertible debentures as part of a funding round, and Elite Valuation provided a robust valuation that addressed all regulatory and stakeholder requirements. Their familiarity with instrument-specific valuation methodologies and SEBI requirements was very evident."
"As a first-time fundraiser, we had no idea where to begin. Elite Valuation built an investor-grade financial model and a detailed Investor Memorandum for us, while guiding us on exactly what institutional investors look for. Mr. was patient, responsive, and made the entire process approachable. We walked into every investor meeting fully confident. Truly a reliable partner for anyone navigating fundraising for the first time."
"We have engaged Elite Valuation across a range of assignments, including share issuances, transfers, ESOPs, preferential allotments, rights issues, and merger valuations. Their execution has consistently reflected strong technical depth and a clear understanding of regulatory frameworks. The team delivers well-structured, defensible valuation reports with a high level of precision and professionalism. Their ability to manage complex mandates within tight timelines, without compromising on analytical rigor, is particularly noteworthy. Elite Valuation combines technical expertise with commercial insight, making them a dependable partner for valuation engagements. We highly recommend their services.""
"Over the last few years, we've engaged Elite Valuation for multiple valuation projects for multiple of our clients. Their reports are always comprehensive, well-documented, and fully aligned with regulatory requirements under Income-tax and FEMA. CA Sagar Shah's insights were instrumental in ensuring a smooth process and his expertise added tremendous value throughout. Highly recommended for multinational enterprises and large firms."
Published Insights
