Business & equity interests
Analysis for ownership discussions, business planning, proposed transactions and restructuring, within the agreed advisory scope.
BUSINESS VALUATION · INDIA
Business valuation
services in India.
Understand the basis of a business or equity valuation: its purpose, assumptions and limitations. Somesh Chandak & Associates supports valuation requirements across India from its Thane office.
SCOPE OF WORK
Different decisions.
Different valuation requirements.
A transaction discussion, an internal business decision and a statutory submission may require different valuation bases and different professional signatories. The intended use is established before the work begins.
Forecasts & financial models
Review of management projections, operating assumptions, working capital and cash flows used to support a valuation analysis.
Regulatory requirements
Assessment of the purpose, applicable framework and required professional capacity before a statutory or regulatory engagement is accepted.
A Chartered Accountant engagement does not automatically satisfy every statutory valuation requirement. Where a registered valuer, merchant banker or another specified professional is required, that eligibility must be established separately. Acceptance by an investor or authority is not guaranteed.
VALUATION APPROACH
The method follows the facts.
The purpose, business model, available evidence and applicable framework guide the approach. A method is not selected simply to arrive at a preferred number.
Income approach · DCF
Discounted cash flow considers forecast cash flows and a discount rate reflecting relevant risks. Forecast support, growth assumptions and sensitivity analysis matter to the conclusion.
Market approach
Comparable company or transaction evidence may inform the analysis where sufficiently relevant data is available. Differences in size, risk and business model need consideration.
Asset approach · NAV
An asset-based analysis considers relevant assets and liabilities with appropriate adjustments. Its suitability depends on the business and the valuation purpose.
INFORMATION REQUIRED
Prepare the right records.
- Business profile, ownership structure and details of the interest being valued.
- Purpose, proposed transaction, valuation date and intended users.
- Historical financial statements, recent management accounts and relevant schedules.
- Business plan and forecasts, with support for revenue, margins, capital expenditure and working capital.
- Details of debt, cash, investments, material assets and contingent obligations.
- Relevant agreements, shareholder rights and transaction terms, where applicable.
Define the deliverable
The engagement terms identify the analysis and report to be provided, permitted use, responsibilities and information limitations.
A report may explain the valuation basis, methods considered, financial adjustments, assumptions and sensitivity to key inputs. The agreed scope determines the final content.
Please share only a brief description in the initial enquiry. The channel for confidential records can be agreed afterwards.
ENGAGEMENT PROCESS
From purpose to a documented conclusion.
Scope & eligibility
Confirm the purpose, intended users, valuation date, independence and professional requirements.
Information review
Review the records and identify missing information, inconsistencies and assumptions needing support.
Analysis
Apply the selected methods, examine material inputs and discuss factual clarifications.
Reporting
Document the basis, conclusion, limitations and agreed use of the report.
COMMON QUESTIONS
Before commissioning a valuation.
Can the work be handled remotely across India?
Yes. The firm is based in Thane and serves clients across India. Document review and discussions can be arranged remotely where appropriate; any need for a visit or specialist input is assessed with the scope.
Is a business valuation the same as an agreed sale price?
No. A valuation is an analysis for a defined purpose and date. A negotiated price may also reflect deal terms, control, strategic considerations and the circumstances of the parties.
Do you use DCF or net asset value?
The method depends on the purpose, evidence and applicable framework. DCF needs supportable cash-flow assumptions; asset and market approaches have different information requirements. The choice is explained in the engagement and reporting process.
Can one report be used for tax, FEMA and company-law purposes?
Do not assume that one report is suitable for every purpose. The valuation basis, date, eligible signatory and other requirements may differ. Tell the firm each intended use before work begins.
How long will the engagement take?
A timeline is agreed after reviewing the scope and availability of information. Incomplete financial records, unsupported forecasts or changes to transaction terms can affect the timetable.
NEXT STEPS
Tell us what the valuation is for.
Include the entity type, purpose, valuation date and intended deadline in your initial enquiry. In-person discussions are available by appointment at the Thane office.
Contact the firmRelated services & reading
Page reviewed 26 September 2026. General service information; scope and professional eligibility are assessed before acceptance.