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
CategoryEngagements
TransactionPE / VC, IPO, merger swap ratio, acquisition, preferential allotment
Financial reportingPurchase price allocation (Ind AS 103), impairment testing (Ind AS 36), fair-value measurement (Ind AS 113)
RegulatoryRule 11UA income-tax valuation, SEBI ICDR pricing, exchange-control valuations (FEMA FDI, ODI), Registered Valuer valuations, Merchant Banker valuations, ESOP valuations
InsolvencyFair value and liquidation value under the IBC 2016
DisputeArbitration, litigation, expert-witness, minority-oppression, shareholder-disputes
Intangible & brandBrand, trademark, customer relationship, technology and other intangible-asset valuations
PortfolioPE / VC / AIF portfolio valuations as per IPEV guidelines and IVS
StrategicValuation 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.
Representative engagements
Client/sLocationEngagement typeSector/s
Godrej Enterprises Group

Godrej – Mumbai, 

Sheetak Inc – Austin, Texas – USA

UEP Inc – Pearl River, New York – USA

Business Valuation of “Sheetak Inc” and “Urban Electric Power Inc.” USA based innovative investee companies)

Semiconductor

Batteries 

Krazybee ServicesBengaluruBusiness Valuation for Fund RaisingFintech (NBFC)
Finnovation Tech Solutions (Kreditbee)BengaluruBusiness Valuation for Fund RaisingFintech (Marketplace)
CareereraNoida, NCRBusiness Valuation for Fund RaisingEdtech
Crystal Crop Protection and Aviral Crop ScienceDelhiMerger Valuation and Swap RatioAgrochemical

Seamec Ltd. and

HAL offshore Ltd.

Delhi and MumbaiMerger Valuation and Swap Ratio AdvisoryShipping
Moon Beverages Ltd.DelhiBusiness Valuation AdvisoryBeverages
Kohler PowerPuneBusiness Valuation Advisory Engineering
Powermat ElectricalsBahadurgarh, NCRBusiness Valuation AdvisoryIndustrial Products
Elofic IndustriesFaridabad, NCRBusiness Valuation & Transaction AdvisoryFilters & Lubes
Boston Scientific IndiaGurugram, NCRBusiness Valuation AdvisoryMedical Equipments
Lumenis IndiaGurugram, NCRBusiness Valuation AdvisoryMedical Equipments
Lightstorm TelecomGurugram, NCRValuation of Optionally Convertible Debentures (OCD) Telecom
Harappa LearningDelhiSell Side Valuation Edtech
Infinite Computer SolutionsRockville, MD, USA Valuation AdvisoryInformation Technology
Leading Private Sector BankIndiaUnsecured Loan Portfolio ValuationBFSI
Leading Private Sector BankIndiaCredit Card Loan Portfolio ValuationBFSI
JCB IndiaFaridabad, NCR (UK Holding)Business Valuation AdvisoryConstruction Equipment Manufacturer
Jaiprakash Associates Ltd.Noida, NCRIBC – Fair and Liquidation Valuation (Securities & Financial Assets)Infrastructure
ILFS group (post 2018)MumbaiFair and Liquidation Valuation, Enterprise Valuation (Securities & Financial Assets) of IL&FS Transportation Networks Limited (ITNL) and its Investee companies including Gujarat Road and Infrastructure Company Limited, Jharkhand Infrastructure Implementation Company Ltd., Jharkhand Road Projects Implementation Company Ltd., RIDCOR etc.

Infrastructure,

Energy,

Water and Waste management,

Urban Asset Management, Financial Services, Environment, Education, Technology  

GVK PowerPunjabIBC – Fair and Liquidation Valuation (Securities & Financial Assets)Power
Asian Hotels (West)DelhiIBC – Fair and Liquidation Valuation (Securities & Financial Assets)Hotel
ABG ShipyardMumbaiIBC – Fair and Liquidation Valuation (Securities & Financial Assets)Shipbuilding
Blu Smart MobilityGurugram, NCRIBC – Fair and Liquidation Valuation (Securities & Financial Assets)Electric Vehicles
AGS Transact TechnologiesMumbaiIBC – Fair and Liquidation Valuation (Securities & Financial Assets)Fintech
Gstaad HotelsBengaluruIBC – Fair and Liquidation Valuation (Securities & Financial Assets)Hotels
Tavasya Special Situation FundDelhiAIF Portfolio Valuation of C&C Projects, North Bihar Highway, Mokama Munger Highway, BSC-C&C Kurali Toll Road BFSI
Times PublishingDelhiValuation Advisory Services Publishing 
APL Apollo Noida, NCRBusiness ValuationIron & Steel
Morepen LaboratoriesGurugram, NCRBusiness Valuation and Transaction AdvisoryPharma
Jabra Connect IndiaNoida, NCRBusiness Valuation AdvisoryTelecommunication Equipments
GN Audio SingaporeBusiness Valuation AdvisoryDistributor of Electronic Equipments
SRL Brand Gurugram, NCRBRAND ValuationDiagnostics
RELIGARE BrandDelhiBRAND ValuationFinancial Services
FORTIS BrandGurugram, NCRBRAND ValuationHospitals
Whisky SambaGurugram, NCRBRAND Valuation for Arbitration Restaurants
Indiafirst Life Insurance MumbaiNCD ValuationLife Insurance
AMPMDelhiPrivate Equity Portfolio ValuationFashion Retail
NeulifeMumbaiPrivate Equity Portfolio ValuationNeutraceuticals 
GooderaCalifornia, USAPrivate Equity Portfolio ValuationCSR Tech Platform
India Exposition MartGreater Noida, NCRBusiness ValuationsMICE
POCT GroupLucknow Business Valuations and Transaction AdvisoryHealthcare
PAN HealthcareRajkot, Gujarat Business Valuation for Fund RaisingPersonal Care
ASP SealingNoida, NCRValuation and Transaction AdvisoryAuto Ancillary
Junglee GamesGurugram, NCRValuation AdvisoryGaming 
Unlimint Gurugram, NCRBusiness ValuationFintech
Vivo IndiaGurugram, NCRBusiness ValuationTelecom
Victora GroupFaridabad, NCRBusiness ValuationAuto Parts
Elara CapitalMumbaiValuation AdvisoryCapital Markets
Shark ShopfitsGreater Noida, NCRBusiness ValuationFurniture
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.

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