Your business value,
independently certified
SEBI-compliant independent valuations for fundraising, ESOP schemes, M&A, and tax purposes — delivered by senior Chartered Accountants with over 150+ valuations completed.
Every valuation context, covered
From ESOP grants and fundraising rounds to M&A mandates and regulatory filings — we deliver defensible, independent valuation reports for every purpose.
Fundraising & Investor Valuation
A robust, independently prepared valuation is the foundation of every credible fundraising round. CFO Angle prepares pre-money and post-money valuations using DCF and market-comparable approaches, giving investors a defensible basis for their term sheet negotiations.
- Discounted Cash Flow (DCF) analysis with sensitivity tables
- Comparable public company multiples (EV/EBITDA, EV/Revenue, P/E)
- Comparable transaction analysis for recent sector deals
- Detailed assumptions register and model documentation
- Investor-ready narrative with valuation rationale
- Revision support through term sheet negotiation
ESOP Valuation
Compliant fair value determination for Employee Stock Option Plans — required under the Companies Act 2013 and SEBI regulations at each grant date.
- Fair value per share at grant date
- Vesting schedule financial impact
- ESOP expense accounting under Ind AS 102
- Annual re-measurement for modified plans
Mergers & Acquisitions
Objective third-party valuations for both buy-side and sell-side M&A transactions — from initial price discovery through closing documentation.
- Business enterprise value assessment
- Control premium and synergy analysis
- Purchase price allocation (PPA) under Ind AS 103
- Fairness opinion for board approvals
Tax & Regulatory Valuation
Compliance-grade valuations for income tax purposes — including Section 56(2) fair market value, Rule 11UA valuations, and FEMA inbound / outbound investments.
- Fair market value under Income Tax Act
- Rule 11UA DCF for unlisted equity
- FEMA pricing guidelines for share transfers
- RBI compliance for cross-border investments
Goodwill & Intangible Assets
Valuation of brands, intellectual property, customer relationships, and other intangibles — for acquisition accounting, impairment testing, and licensing arrangements.
- Relief-from-royalty for brand and IP
- Multi-period excess earnings method (MEEM)
- Impairment testing of goodwill (Ind AS 36)
- Customer relationship and contract valuation
Distressed & Special Situations
Valuations for insolvency resolution, creditor negotiations, dispute resolution, and exit planning — where conventional approaches require adaptation.
- Liquidation and orderly wind-down value
- IBC resolution plan valuations
- Promoter exit and buyout pricing
- Court / tribunal-compliant valuation reports
Three approaches, one defensible answer
CFO Angle applies globally accepted valuation frameworks, selecting the most appropriate methodology for each mandate's purpose, industry, and stage.
Income Approach — DCF
Discounted Cash Flow analysis projecting free cash flows over a 5-year horizon, with a terminal value assumption based on Gordon Growth or exit multiple — the foundation of most fundraising and ESOP valuations.
Market Approach — Comparables
Benchmarking against a curated set of publicly listed peer companies (EV/EBITDA, EV/Revenue, P/E) and recent M&A transactions in the same sector — grounding the valuation in real market evidence.
Asset Approach — NAV
Net Asset Value methodology, adjusting book value to fair value for each asset and liability class — most appropriate for asset-heavy businesses, holding companies, real estate entities, and liquidation scenarios.
From brief to board-ready report
A structured five-step process that delivers a defensible, well-documented valuation within agreed timelines.
Discovery & Scoping
Complimentary call to understand the valuation purpose, timeline, regulatory context, and document requirements.
Document Collection
Structured information request covering 3 years of audited financials, management projections, cap table, and business documentation.
Financial Modelling
Independent model build with DCF, comparable company analysis, and sensitivity tables — triangulating across all applicable approaches.
Management Discussion
Review session with your team to validate assumptions, discuss the business narrative, and align on key drivers before the report is finalised.
Report Delivery
Comprehensive valuation report with CA certification, methodology rationale, assumptions documentation, and supporting exhibits.
Situations where an independent valuation is essential
Regulatory compliance, investor confidence, and transactional certainty all require a credible, independently prepared valuation report.
Raising Equity Capital
An independent valuation creates a credible anchor for term sheet negotiations with angel investors, VCs, and PE funds — and protects founders from value leakage.
Issuing ESOPs to Employees
Every ESOP grant for an unlisted company requires a fair value determination by a CA or registered valuer. Without it, the plan is non-compliant and the tax treatment is at risk.
Selling Your Business
Whether to a strategic acquirer or a PE buyer, knowing your enterprise value — and the levers that drive it — is essential before entering any sale process.
Foreign Investment (FEMA)
Inbound foreign direct investment and outbound investments require FEMA-compliant pricing supported by a CA-certified valuation report — mandatory for RBI filings.
Promoter Exits & Buyouts
Co-founder separations, investor buybacks, and promoter exits all require a defensible valuation to prevent disputes and ensure the transaction holds up to scrutiny.
Compliance & Tax Filings
Income tax assessments under Section 56(2), transfer pricing, and corporate restructuring all require a Rule 11UA or other prescribed valuation methodology report.
What makes our valuations different
Valuation is not a commodity. The assumptions, methodology, and narrative behind the number determine whether it holds up in the boardroom, with investors, or before a regulator.
Senior CA-Led, Every Time
Your valuation is not handled by a junior analyst. Every engagement is led by a qualified Chartered Accountant with sector-specific valuation experience — and you deal directly with that senior professional.
Comprehensive, Documented Reports
Our reports include a full assumptions register, sensitivity analysis, methodology rationale, and exhibit package — not a one-page certificate. Every conclusion is traceable and defensible.
10–20 Day Delivery
We operate to defined timelines. Standard valuations are completed in 10–20 working days from document receipt. ESOP valuations for smaller companies can be delivered in 7–10 days.
Regulatory & SEBI Compliant
Every report is prepared in conformity with applicable SEBI guidelines, Companies Act requirements, Income Tax rules, and FEMA pricing guidelines — reducing regulatory exposure for our clients.
Cross-Industry Experience
We have valued businesses across SaaS, manufacturing, D2C, healthcare, real estate, NBFC, and professional services — applying sector-appropriate multiples and comparable sets, not generic templates.
End-to-End Transaction Support
Valuation rarely stands alone. As a full-service CFO firm, we can extend into due diligence support, data room preparation, financial model builds, and investor meeting attendance — under one engagement.
What our clients say about us
Our Series A investors specifically commented on the quality of the valuation report. It gave them confidence that the number we asked for was grounded in real analysis — not founder optimism. CFO Angle's work was central to closing the round at our target valuation.
We needed a FEMA-compliant valuation for an inbound FDI round from a Singapore entity. CFO Angle delivered a thorough report that satisfied both our CA and the legal team reviewing the transaction — and we closed within the regulatory pricing window.
We were setting up an ESOP pool for the first time and had no idea how complex the valuation requirement was. CFO Angle walked us through the entire process, delivered within 10 days, and gave us a report our auditors accepted without any pushback.
Common valuation questions
Know your number before the room does
Every negotiation — with investors, acquirers, or regulators — goes better when you walk in with an independently certified valuation. Start with a complimentary discovery call.
Begin with a conversation
Every valuation starts with a complimentary discovery call with a senior CFO Angle CA. An honest assessment of your situation — no obligation.