Know Your Worth — SEBI-Registered Valuer Certified Reports
Business valuation is the process of determining the economic value of a business or a stake in it. It is required for numerous purposes: issuing shares to investors at a fair market value (mandatory per FEMA for FDI — DCF-based valuation), allotting ESOPs, Mergers & Acquisitions transactions, shareholder buyouts, gift/estate planning, litigation and disputes, and bank lending. In India, valuations for regulatory purposes (MCA, FEMA, SEBI) must be carried out by a SEBI-registered Category I Merchant Banker or a Registered Valuer under the Insolvency and Bankruptcy Code.
VITTAX provides certified business valuation reports using internationally recognised methodologies — Discounted Cash Flow (DCF), Comparable Company Multiples (Market Approach), Net Asset Value, and Price-to-Earnings. Our reports are prepared in accordance with ICAI Valuation Standards and accepted by regulatory authorities including RBI, MCA, NCLT, and Income Tax authorities.
Who Needs a Business Valuation?
Our Process
Business Understanding
Understand the business model, revenue drivers, competitive position, and growth plans.
Financial Analysis
Analyse 3–5 years of historical financials; normalise for one-off items.
Projection Modelling
Build financial projections (3–5 years) based on business plan and management inputs.
Valuation Computation
Apply DCF, market multiples, and asset-based methods; triangulate final valuation range.
Report Issuance
Issue a certified valuation report signed by a SEBI-registered Registered Valuer.
Pricing
Startup / ESOP Valuation
₹9,999 per report
Early-stage companies for ESOP FMV
Ideal for: Startups granting ESOPs, seed-stage companies
FEMA / Funding Round Valuation
₹19,999 per report
FDI-compliant valuation for share issuance
Ideal for: Companies receiving FDI, issuing shares to NRI/foreign investors
Full Business Valuation
₹29,999 onwards
M&A, acquisition, or dispute resolution
Ideal for: M&A, buyouts, shareholder disputes, bank lending
FAQs
Is a SEBI-registered Valuer's certificate mandatory for FEMA?
As per RBI guidelines, FDI-related share issuances must be valued by a SEBI-registered Category I Merchant Banker or a Chartered Accountant. VITTAX provides reports via empaneled registered valuers.
How accurate is DCF valuation for early-stage startups with no revenue?
For pre-revenue startups, we use alternate methods — Berkus method, Scorecard method, or Venture Capital method — which are better suited to early-stage. We clearly document the methodology in the report.
⚡ Methodologies Used
SEBI-registered valuer certified, FEMA compliant, accepted by RBI, MCA & NCLT — reports you can rely on