Corporate Professionals launched 'Business Valuation in India-beyond the Numbers'

Corporate Professionals, as integrated legal and financial solutions provider has launched second edition of its book “Business Valuation in India - beyond the numbers”.

A must-read book for valuation professionals and companies in India is a comprehensive commentary covering the latest international valuation standards issued by the International Valuation Standards Council (IVSC), Regulatory and Industry position as on May, 2019, updated Companies (Registered Valuers and Valuation) Rules, 2017, latest Industry-wise trends of 30 Industries for last 10 years and numerous case studies on DCF, Relative, Intangible and Startup Valuations. The Book, co-authored by a highly experienced and proficient team of corporate professionals, is a well-conceptualized guide to act as a first-hand tool to the valuers and companies in India.

The 1st copy of this book was recently presented to the internationally acclaimed Professor of Valuation Mr. Aswath Damodaran by Mr. Chander Sawhney, Director, Corporate Professionals at the sidelines of the event “The Jedi Guide to Valuation” a talk by Prof. Aswath Damodaran on 31st July 2019 at Hotel Sofitel, Mumbai. This event was conducted by the ICAI Registered Valuers Organisation jointly with CVSRTA, in association with the IBBI.

Book's Content 

Business valuation is critical for transactions including fundraising, mergers & acquisitions, sale of businesses, strategic business decisions, voluntary value assessment and also for regulatory and financial reporting in accordance with applicable laws. Today ‘Valuation’ in an evolving economy like India, is a niche profession with a rousing need to standardise the divergent valuation practices. It has led to the requirement of capacity building among the valuation professionals and thereafter the need for proper tools and resources for them.

This 2nd edition of the book from the house of Corporate Professionals is fully updated and is a well-conceptualised guide, to act as the First-hand tool to the Valuers and Companies. Beyond the valuation principles, processes, approaches, methodologies and challenges, it covers at length the important metrics which form the fundamentals of valuation. It comprehensively covers the legal requirements of Valuation in India in different situations and also analyses important judicial pronouncements on Valuation by Indian Courts and Tax Tribunals.

Recently, the MCA Secretary had said at a national seminar on Valuation, organised by the IBBI that 'Indian Valuation Standards' are a work in progress and could soon be a reality. He also felt that in a globalised world the best approach would be for Indian standards to adopt the International Valuation Standards, albeit with some carve-outs. This book on Business Valuation duly covers the latest International Valuation Standards issued by the IVSC. The guidance under the IVS and the Ind-AS has also been mapped along with the respective sections of the book for optimum reader interface. More case studies have been added in this edition for DCF Valuation (H - Model), Intangibles (Multi-Period Excess Earning Model (MPEEM), Royalty Relief Model (RRM), Assembled Workforce etc.). The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and IPEV guidelines (December 2018) has also been updated along with changes in applicable laws and regulations.