Premier Business Valuation Firm
 

Business valuation services in India & the United States.

Defensible, audit-ready valuations prepared by our team of IBBI-registered valuers in India and led by CVA-credentialed valuers for US engagements.

Conclusions that hold up to auditors, regulators, investors, and counsel.

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Services Offered

UNITED STATES

CVA

NACVA Certified Valuation Analyst–led practice

INDIA

IBBI

Registered valuers for Indian regulatory reports

EXPERIANCE

350+

Valuations of founder-led experience

ON THE TEAM

CAs

Chartered Accountants (ICAI members)

Confidentiality

NDA First

Strict confidentiality on every engagement
Our point of view

Valuation is a decision, not just a document

A valuation should answer a business question: can we close this round, complete this transaction, satisfy this regulator, or report this fairly?

We start from the decision you're trying to make, then build the analysis and documentation to support it. The result is a report that is independent, transparent, and defensible not a number you have to explain away later.

US-compliant valuations, under US standards.

Led by CVA-credentialed valuer Harsh Patel, we deliver defensible reports for startups and companies that need them under recognised US standards.

IRC §409A

409A Valuation

Fair value for share issues under the Companies Act, 2013.
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Rev. Rul. 59-60

Gift & Estate Valuations

Closely held business interests for gift and estate planning.
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Lifecycle

SPAC / De-SPAC Valuations

Valuation support through the
SPAC lifecycle.
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ASC 805

Purchase Price Allocation

Allocation of consideration in business combinations.
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ASC 820 · 718

Financial Reporting Valuations

Fair-value measurements for financial reporting.
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IBBI & Regulatory Valuations
For Indian Landscape

Two practices, one standard of rigour. Indian regulatory reports prepared by our IBBI-registered team, and strategic work built to move negotiations

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Ind AS 102

ESOP Valuations

Share-based payment valuations using Black-Scholes, Binomial, or Monte Carlo methods.
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Companies Act, 2013

Private Placement Valuations

Fair value for share issues under the Companies Act, 2013.
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RBI guidelines

FEMA / FDI Compliance

Pricing for inbound and outbound cross-border investment, aligned to RBI guidelines.
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Rule 11UA/11UB

Income Tax Valuations

FMV of unquoted shares and securities, using the NAV method per Rule 11UA.
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SEBI

SEBI Regulatory Valuations

Preferential allotments, open offers, buybacks, and delisting under the SEBI regulations.
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Insolvency & Bankruptcy Code

IBC Valuations

Liquidation value and fair value for resolution, alongside Resolution Professionals.
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Pre-seed → Pre-IPO

Startup Valuations

Across angel, seed, Series A–C+, bridge, down-round, and exit scenarios.
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M&A · JV · Spin-off

Transaction & Deal Valuations

Swap ratios, synergy, and accretion / dilution analysis.
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Independent opinion

Fairness Opinions

Whether the terms of a transaction are fair from a financial point of view.
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Periodic

Investment Portfolio Valuations

Periodic fair-value assessments of holdings.
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Bespoke mandates

Custom Valuations

Brand / IP, buyback, and sector-specific mandates.
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Strategic Valuation Services

Two practices, one standard of rigour. Indian regulatory reports prepared by our IBBI-registered team, and strategic work built to move negotiations

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Why businesses choose Equirium Analytics for valuation

Why choose Equirium Analytics ?

For India regulatory valuations, your report is prepared by our team of IBBI-registered valuers, led by Harsh Patel (NACVA Certified Valuation Analyst). What that means for you:

Independence.
We are not your investor or your counterparty. The valuation is unbiased, which is exactly what makes it defensible.

Technical depth.
Five years of valuation engagements across Indian regulatory work, applied to the specific demands of a Section 42 issue.

Confidentiality first.
We work NDA-first; your financials, cap table, and deal terms stay protected.

Clear turnaround.
A clearly defined timeline is agreed upon from the outset, ensuring your share allotment process stays on track.

Specimen
Valuation ReportIBBI Registered Valuer
Business Valuation Report
Prepared as per Applicable Standards • Confidential
MethodologyValue
DCF MethodXX.XX
Comparable Co.XX.XX
Weighted Avg.XX.XX
PDF Report

What our valuation report contains ?

Our reports are written to stand up to scrutiny from regulators, auditors, and incoming investors. Each engagement delivers:

  • Fair value per security, with the basis of value clearly stated.
  • Method selection and rationale, why the chosen approach fits your security type and stage.
  • Key assumptions and inputs, documented transparently so the number can be followed and defended.
  • Sensitivity to core drivers, where the security type and data allow..
  • A signed registered-valuer report, formatted for your record and investor data room.
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Businesses
We Have
Valued So Far

We adapt method and comparable to each sector's economics.

Technology
& IT Sector

Financial-Services

Financial
Services

Manufacturing-and-Industrial

Manufacturing
& Industrial

Healthcare-and-Pharma

Healthcare
& Pharma

Real-Estate-and-Infrastructure

RealEstate,
Infrastructure

Consumar-and-Retail-Brands

Consumer
& Retail

Professional-Services

Professional
Services

Hospitality-Industry

Hospitality Industries

Equirium Analytics - IBBI Registered Valuers place picture
Equirium Analytics - IBBI Registered Valuers
4.9
Malkesh P. profile picture
Malkesh P.
3 months ago
Needed a Rule 11UA valuation for a share transfer. Harsh sir and team delivered it quickly with proper documentation. Very professional.
Olivia - profile picture
Olivia -
3 months ago
Our experience with Equirium Analytics was very good. They made a genuine effort to understand our business model and advised us well. They made the whole process easy for us. Can definitely recommend.
datahof profile picture
datahof
3 months ago
We had a great experience working with Equirium Analytics. Their team was professional, responsive, and delivered the report within a very tight timeline without compromising on quality. We truly appreciated their support and would happily recommend them to anyone looking for valuation services.
Ronak P profile picture
Ronak P
3 months ago
The team delivered a thorough, well-supported, and professional report on time. Their responsiveness, technical expertise, and attention to detail made the entire process seamless and reliable.
Kishan M. profile picture
Kishan M.
3 months ago
I would like to thank you Mr. Harsh who helped me in my comapny valuation and truly appreciate the results which reflects in my investors meeting..
Aakash S. profile picture
Aakash S.
3 months ago
The team is very professional and their advise is very much useful , my personal experience was awesome and helped me a lot , its the right place where you can get the solution.
Jignesh P. profile picture
Jignesh P.
3 months ago
Business valuation solutions at one stop. the process was very smooth. communication was very great. They explains each aspect of valuation in detailed manner. I recommend Equirium Analytics for all of business valuation needs.
Jaymin S. profile picture
Jaymin S.
3 months ago
At Equirium Analytics, Harshbhai and his team is highly capable of doing business valuations. I would recommend every start up for their valuation needs. They are team of CVA (NACVA) and IBBI Registered valuers. They brings high value to the table.

Our process for delivering the Business Valuation Reports

1
Consultation
we understand the issue, the security, the investors, and your timeline.
2
Information
we share a focused checklist; you provide financials, cap table, and term details.
3
Analysis
we build the valuation using the methods that fit your case.
4
Draft review
we walk you through the draft, assumptions, and number before finalising.
5
Final report
you receive the signed, Income tax Provisions Compliant valuation report.
6
Ongoing support
we remain available for investor or auditor queries on the report.

Insights & valuation tools

Scope your valuation before you ever speak to us.

The Blog

Read the Equirium blog

Latest articles on regulatory and strategic valuation, written for the people who have to defend the number.

Read articles

Self-serve

Explore our valuation tools

Orient yourself on method and timing before scoping an engagement no call required.

Open the tools

Frequently Asked Questions

1Who actually signs an IBBI regulatory valuation report, the firm or an individual?
In India, a registered valuer signs the report. Equirium delivers Indian regulatory valuations through its team of IBBI-registered valuers, who are the authorized persons for these reports. We scope, prepare, and stand behind the work as a firm, with the registered valuer's authority on the engagement.
2Can one firm handle both our Indian and US valuations?
Yes. We run an IBBI-registered team for Indian regulatory work and a CVA-led practice for US business valuations, so a company operating in both markets can keep its valuation work with a single partner without compromising the standard in either jurisdiction.
3What makes a valuation report "defensible"?
A defensible report discloses its purpose, standard, methodology, and assumptions transparently, and supports the conclusion with analysis that a third party can review and reconstruct. Defensibility comes from documentation and method not from the size of the number.
4Do you require a particular valuation method, or does it depend on the engagement?
It depends on the purpose, the asset, and the applicable standard. Rule 11UA work uses the NAV method; ESOPs use option-pricing models under Ind AS 102; startup and deal valuations often use DCF and comparables; 409A work follows accepted US methods. We select the method the standard and facts call for.
5Will you sign an NDA before we share sensitive data?
Yes. We work NDA-first and apply strict confidentiality and data-protection practices on every engagement, before any financial or cap-table information changes hands.
6How long does a valuation typically take?
Turnaround depends on the type of valuation, the completeness of your information, and the standard involved. We confirm a clear timeline at the consultation stage and work to it.
7Do you support our auditors or regulators after the report is delivered?
Yes. Our engagement includes ongoing support. we respond to auditor and regulator queries on the report's assumptions and conclusions so you're not left to defend the numbers alone.

Bring us the decision.
We'll build the number that holds.

  • IBBI & CVA Led Team
  • Independent and NDA-first.
  • Transaction-ready delivery.
  • Specialists in securities valuation.