Complex Business Valuation

Complex Business Valuation — defensible, investor-grade, regulator-ready

Transique’s Business Valuation practice delivers independent, technically rigorous valuations for every situation where the number matters — transaction, regulatory, financial-reporting, dispute and strategic-decision contexts. Reports are prepared by IBBI-Registered Valuers in compliance with the International Valuation Standards (IVS) of IVSC. We have completed over 2,500 valuations across more than 30 industries, several of which have been upheld at the NCLT, in arbitration and before tax and regulatory authorities. Transique Valuation Advisors is an IBBI Registered Valuer Entity having registration no IBBI/RV-E/05/2022/179.

The reason an IPO valuation, a PPA under Ind AS 103, a fairness opinion on a related-party merger, a fair-value report under the IBC, and an expert-witness valuation in a commercial-arbitration matter each require a different technical approach is the reason a generalist cannot deliver any of them well. Every Transique valuation is executed by a team built for its specific engagement context.

We specialize in high-value, complex valuation assignments and do not focus on commoditized, compliance-driven valuation work.

Engagement types we deliver
Category Engagements
Transaction PE / VC, IPO, merger swap ratio, acquisition, preferential allotment
Financial reporting Purchase price allocation (Ind AS 103), impairment testing (Ind AS 36), fair-value measurement (Ind AS 113)
Regulatory Rule 11UA income-tax valuation, SEBI ICDR pricing, exchange-control valuations (FEMA FDI, ODI), Registered Valuer valuations, Merchant Banker valuations, ESOP valuations
Insolvency Fair value and liquidation value under the IBC 2016
Dispute Arbitration, litigation, expert-witness, minority-oppression, shareholder-disputes
Intangible & brand Brand, trademark, customer relationship, technology and other intangible-asset valuations
Portfolio PE / VC / AIF portfolio valuations as per IPEV guidelines and IVS
Strategic Valuation for board decision-making, restructuring, succession, buy-sell
Why these valuations matter — and why the report-grade matters more

A valuation is not a number. It is a written, reasoned opinion that will be stress-tested by people to find flaws — investment committees, auditors, SEBI, income-tax authorities, the NCLT, arbitrators and opposing counsel. Transique writes every report with that audience in mind. The valuation conclusion, the methodology selection, the key-input sensitivity, the comparable-company selection, the discount-rate build-up and the premium / discount application are each documented to a standard that survives adversarial review.

Standards we work under
  • International Valuation Standards of IVSC (IVS 200 : Businesses and Business Interest, IVS 210 : Intangible Assets)
  • Ind AS 103 (Business Combinations), Ind AS 113 (Fair Value Measurement), Ind AS 36 (Impairment of Assets)
  • IBC 2016 — Regulation 27 and 35 (CIRP) and corresponding Liquidation Regulations
  • SEBI ICDR Regulations — Reg. 158 (QIP), Reg. 164 (preferential allotment), Reg. 165 (pricing mechanism)
  • Income-Tax Rule 11UA (fair market value of unquoted shares)
  • IPEV Guidelines (for PE / VC portfolio valuations)
  • Companies (Registered Valuers and Valuation) Rules, 2017
Why Transique for valuation
  • IBBI-Registered Valuers — mandatory for valuations under Companies (Registered Valuers and Valuation) Rules, 2017, IBC and SEBI engagements.
  • Technical depth across Ind AS, IVS, SEBI, IBC, RBI – FDI, ODI, Income Tax and Rule 11UA frameworks.
  • Adversarial-review mindset — every report written as if it will be cross-examined.
  • 2,500+ valuations across 30+ industries; sector-specific comparable sets pre-built.
  • Senior partner mandatory review and sign on every report.
Frequently asked questions

What is the difference between a valuation by a Registered Valuer and one by a Chartered Accountant?

An IBBI-Registered Valuer is an individual or Entity registered under the Companies (Registered Valuers and Valuation) Rules 2017 and empanelled for a specific asset class — Securities or Financial Assets, Plant and Machinery, or Land and Building. Several statutes (Companies Act 2013, IBC 2016, SEBI regulations) mandate a Registered Valuer. A CA can opine on valuation where regulatory prescription does not require a Registered Valuer (e.g., RBI FDI, ODI valuations, Income Tax Rule 11 UA valuations, valuation for transfer of shares between Residents). Transique partners are CAs and IBBI-Registered Valuers, so both requirements are covered.

 

How long does a typical valuation engagement take?

A fair-market-value exercise on a well-documented private company takes two to three weeks. PPA and impairment exercises usually take four to six weeks depending on the number of reporting units and intangibles. Dispute-context valuations follow procedural timelines set by the tribunal or arbitrator. We commit to timelines in writing at the engagement letter stage.

Can one valuation report serve both a transaction and a regulatory purpose?

Sometimes, but often not. A transaction-context fair-market-value exercise, a Rule 11UA valuation and a Section 56(2)(viib) defence each have subtly different methodological requirements. Where possible we scope one integrated engagement; where not possible, we deliver two reports on an efficient shared-inputs basis.

Do you provide expert-witness testimony in arbitration and court matters?

Yes. Our partners have testified in commercial arbitration and corporate/family-shareholder litigation matters. Expert-witness engagements require the valuer to maintain independence from advocacy; our reports are prepared to the standard of admissible expert evidence.

Ready to Unlock Your Business Value?

At Transique Corporate Advisors, we specialise in guiding business owners, promoters, and CFOs through the SME IPO journey — from valuation to listing and beyond.

GDPR