Aswath Damodaran | Business & Corporate Valuation Training

About the Business Valution Summit 2018

With a population of over 1.25 billion India is one of the biggest and fastest growing economies in the world - standards and professionalism are of significant importance.In the absence of standards of business valuation the valuation is more on an art based on the professional experience of the valuer rather than a science based on empirical studies and logics.At present there are no prescribed standards and codes for valuation in India, in many cases the valuation lacks the uniformity and generally accepted global valuation practices.Though the value of a business can be objectively determined employing valuation approaches, this value is still subjective, dependent on buyer and seller expectations and subsequent negotiations and use of professional judgment is an essential component of estimating value. New laws regarding Valuation are being discussed and is in the process of being drafted by government bodies. At the summit, we will have a discussion on the requirement and the importance of these laws. We will try to find out how these proposed laws will impact the current practices of the valuation profession.

We have invited experts from International Bodies like IVSC,IIBV, stakeholders from India, including different regulators, corporations and corporate affairs ministry to discuss the future of Valuation in India. We also intend to invite Private Equity and Startups professionals to discuss the significance of valuation for Startups. We are expecting a 200+ audience to be part of this summit.

About International Valuation Standards Council (IVSC)

The International Valuation Standards Council (IVSC) is an independent, not-for-profit, private sector standards organisationincorporated in the United States and with its operational headquarters in London, UK. IVSC develops international technical and ethical standards for valuations on which investors and others rely.

IVSC is responsible for developing the International Valuation Standards and associated technical guidance. To ensure that the public interest is effectively protected it also engages with other bodies active in the regulation of the financial markets to ensure that valuation issues are properly understood and reflected.In developing its standards and technical guidance, IVSC follows a process of issuing discussion papers and exposure drafts for public comment. As of 2017, the IVSC has over 70 organisations in membership from around the world. The organisations in membership accredit and regulate the conduct of individual valuers who specialize in the valuation of many different types of assets and liabilities, such as business interests, real property, intangibles, capital equipment and financial instrumentsThe International Valuation Standards (IVS) are international standards that consist of various actions required during the undertaking of a valuation assignment supported by technical information and guidance. The IVSC Standards Board is responsible for the development and maintenance of the International Valuation Standards. .

Chief Guest

Sorabh Kataria

Ernst & Young India
Partner

Amit Jain

KPMG India
Partner

CS Makarand Lele

The ICSI
President

Shri G N Bajpai

SEBI
Former Chairman

Raymond Moran

MG Valution (USA)
CEO

B. Sridhar Rao

Truscel Capital
Managing Partner

Raj Mishra

Co-founder
IDV & IDN

Chander Sawhney

Corporate Professionals
Partner Valuation

Abhishek Sharman

Carpediem Capital
Founder & MD

Mr. Nalin Kumar

IDBI Capital
Head Investment Banking

Dinesh Tiwari

Broad Peak Capital Advisors LLP
Managing Director

Shashank Randev

Z Nation Lab
Director

Andrew Strickland

Scrutton Bland Chartered Accountants (UK )
Consultant

Gagan Ghai

Crest Capital Group Pvt Ltd
Director

Rajesh Khairajani

KNAV
Partner

Darshana Kadakia P

Grant Thornton India
Partner

Mr. Rajkumar S. Adukia

Competent Valuation Pvt Ltd
Chairman

Mr. Sanjay Agarwal

Tata Communications Payment solutions Limited
CFO

Sahil Narula

RNC
Director

Mr. Darpit Kanadia

Baker Tilly DHC
Partner

Dr Aniruddha Malpani

Malpani Ventures
Angel Investor

Pradeep Rathi

CSI Incubation
Managing Partner

Sanjay Mehta

Core Media
Angel & PE Investor

Amit Mehra

Unicorn India Ventures
Principal

Piyush Goenka

Tano India Advisors Pvt Ltd
Managing Director

Aakash Kakkad

XinFin
Compliance Officer

Bharat Ramnani

Valuation Advisory Services
Head

Vaibhav Manek

KNAV & Co.
Partner

Ravi Prakash Ganti

Professional
Insolvency Resolution

Pratik Singhi

Nine Rivers Capital
Partner

Paritosh Basu

NMIMS
Senior Professor and Chairperson MBA (Law)

Shrenik

Deloitte Haskins & Sells LLP
Partner

Sandesh Hegde

SHCA
Founder

Agenda

Day 1

2018 May 03

Event Hall : Ball Room
Venue : Westin Mumbai Garden City,Goregaon East, International Business Park, Oberoi Garden City, Mumbai, Maharashtra 400063
9.00 AM - 10.00AM : Registeration and Welcome Remarks
10.00 AM-10.15 AM : Keynote address by Chief Guest
Speaker : Shri G. N. Bajpai (Former Chairman SEBI)
10.15 AM - 11.00 AM :
The need for regulation for the business valuation profession.
i. Importance of valuations in financial reporting
ii. Valuation standards – whose standards for technical methodologies, ethics and professionalism, performance standards
iii. Proposed regulations in India
iv. The future of the business valuation profession
v. International and India designations
vi. The ecosystem of the BV profession in India
vii.Protecting the public - Peer reviews and complaints processes
Moderator : Andrew Strickland - Consultant, Scrutton Bland Chartered Accountants
Panelist
i.Chander Sawhney- Partner & Head, Corporate Professionals
ii. Rajesh Khairajani - Partner, KNAV
iiiShrenik Baid - Partner, Deloitte India
iv. Darshana Kadakia- Partner, Grant Thornton
v. Sridhar Rao - Managing Partner, Tuscel Capital
11.00 AM - 11.15 AM : Networking Morning Tea Break
11:15 PM-12:00 PM : Best Practices in Business Valuations
i. Valuation methodologies and challenges
ii. Determining the cost of capital in India
iii. Complex financial instruments
iv. Contingent consideration
Speaker : i. Ray Moran - Executive Director, IIBV
Panelist :
i.Bharath Ramnani - Valuation Head - Aranca
ii.Pratik Singhi - Partner, Nine Rivers Capital
iii.Rajesh Khairajani - Partner, KNAV
iv.Darpit Kanadia - Partner,Baker & Tilly DHC
v.Gagan Ghai - Director, Crest Capital

12:00 PM - 12:15 PM : Presentation - Valuation of Blockchain based companies and ICOs
Sanjay Mehta - Investor, Core Media

12:15 PM-12:30 PM : Q&A
Sandesh Hegde- SHCA & Akash Kakkad -XinFin

12.30 PM - 1.30 PM : Luncheon

1:30 PM - 2:15 PM : Panel lll : Valuation of Start-ups
i. How is it different from other business valuations?
ii. Key issues and why they matter
iii. Is valuation of Techstartups a bubble?

Moderator : Raj Mishra - CEO, I-Deals Network
Panelist :
Shashank Ranadev - Director, Z Nation Labs
Pradeep Rathi - Managing Director, CSI Incubation
Sandesh Hegde - Founder, SHCA
Dr Annirudh Malpani - Angel Investor, Malpani Ventures
Amit Mehra - Principal, Unicorn Ventures
2:15 PM - 3:00 PM : Panel lV : Valuation in M&A transactions
Business Valuation in M&A deals
How M&A transactions are diff from a PE transaction? What are the valuation drivers?
Different requirements of valuations in a M&A deal – price discovery, regulatory, accounting, tax, stock markets
Key deal breakers in M&A transactions?
Role of Investment Bankers in price discovery for M&A transactions?
How identify and track the KPI in M&A deals?

Moderator : Darpit Kanadia - Partner,Baker & Tilly DHC
Panelist :
Paritosh Basu - Senior Professor and Chairperson MBA (Law) NMIMS
Vaibhav Manek -National Lead Partner, KNAV
Amit Jain - Partner, KPMG India
B. Sridhar Rao - Managing Partner,Truscel Capital
Nalin Kumar - Head Investment Banking, IDBI Capital

3:00 PM - 3:45 PM : Panel V : Private Equity perspective on Valuation
i.What factors influence valuation in PE investments?
ii.What differentiates evaluation between an Angel Investor, VC and PE?
iii.Key deal breakers in PE transactions specific to valuation??

Moderator : Pratik Singhi - Partner, Nine Rivers Capital

Panelist :
Amit Mehra - Principal, Unicorn Ventures
Dinesh Tiwari - Managing Director, Broad Peak Capital Advisors LLP
Vaibhav Manek -National Lead Partner, KNAV
Paritosh Basu - Senior Professor and Chairperson MBA (Law), NMIMS
Piyush Goenka - Partner, Tano Capital
Abhishek Sharman - Founder & MD, Carpediem Capital

3:45 PM-4:00 PM : Networking Evening Tea Break
Panel VI: Valuation in Insolvency and the Bankrupcy Code

4.00 PM-4.45 PM :
i.Role of Registered Valuers
ii.Distressed Asset Valuation
iii.Litigation arising under the I & B Code

Moderator : Gagan Ghai - Director, Crest Capital Group
Panelist :
Sahil Narula - Director, Rakesh Narula & Co.
Sorabh Kataria - Partner, EY India
Ravi Prakash Ganti - Insolvency Resolution Professional
Rajkumar S. Adukia - Chairman, Competent Valuations

4:45 PM - 5.00 PM : Q & A

5.00 PM : Closing Remarks

Event Sponsors

Event Partners

Registration Details

Group Discount

Valid for Group of 3 or more
IND6999+GST

Recommended

Special Discount

Valid for event partners
IND7499

Standard Fee (Normal Pass)

Valid for 1 or 2 delegates
IND7999

Account Details

In case of queries, please email us at register@i-dealsnetwork.com or Call / Whatsapp on +91 9650920078

Bank A/C Details
Account Name: I-Deals Network Pvt. Ltd.
Bank name : ICICI bank
Branch name :Gaur City
Account no : 345205000116
IFSC code : ICIC0003452
Swift Details: ICICINBBCTS

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