Business & securities valuation
Clarity in value.Confidence inevery decision.
We value businesses, shares and securities. Independent, defensible opinions for transactions, regulators and boards.
- Registration
- IBBI/RV/06/2019/11646
- Practice
- Kolkata · Serving India
- Now viewing
- 01 — Business & Enterprise
Years of professional experience
Years focused on valuation
Assignments undertaken
Securities or Financial Assets
Relationships that speak for themselves
A few of the businesses in our valuation portfolio.










Our expertise
For your next
defining moment.
From a first investment to a complex restructuring, get an independent view of value at every stage of the corporate lifecycle.
Explore all valuation services- VALUATION EXPERTISE / 01
Business & Enterprise
An independent view of business value, grounded in commercial realities, financial performance, industry context and the purpose of your transaction.
Explore this expertise - VALUATION EXPERTISE / 02
Equity & Securities
Thoughtful valuation of shares and securities, with attention to ownership rights, capital structure and the commercial context of each engagement.
Explore this expertise - VALUATION EXPERTISE / 05
M&A & Restructuring
Independent valuation insight for acquisitions, mergers, demergers and restructuring, helping stakeholders understand the financial reasoning behind significant corporate transaction decisions.
Explore this expertise - VALUATION EXPERTISE / 04
ESOP & Employee Securities
Valuation support for employee ownership programmes, considering scheme terms, underlying equity and the specific purpose of each share-based award assessment.
Explore this expertise

Value is a conclusion.
Understanding is the foundation.
The practice
Specialist by choice.
Independent by principle.
Good valuation starts with understanding the business behind the numbers.
True Value Corporate Advisory is a specialist valuation practice led by CA Manish Gadia. Based in Kolkata and serving clients across India, we bring technical depth and commercial understanding to complex business and securities valuations.
Regulatory valuation
Complex requirements.
A considered approach.
When the purpose is specific, the valuation should be too. Analysis shaped around your transaction and the applicable Indian regulatory framework.
Explore regulatory valuationCompanies Act
Corporate actions & restructuring
02SEBI
Listed-company requirements
03Income Tax
Tax-related valuation
04FEMA
Cross-border transactions
05IBC
Insolvency & resolution
The right scope. The relevant framework. A well-supported conclusion.
How we see value
Different lenses.
One reasoned opinion.
Methodology follows understanding. We select and apply the approaches that fit your business and the question your valuation needs to answer.
A lens on value
The potential ahead.
Understanding what a business can generate in the future, and what those cash flows are worth today.
Explore the approachThe right methodology depends on the business, the purpose and the circumstances. Specialised and option-based techniques are used where appropriate.
Sector perspective
Every industry has
its own value drivers.
From established industrial businesses to emerging technology companies, context matters. Our sector experience brings the bigger picture into focus.
Discover our sector experienceInsights & perspectives
A little more
understanding.

Beyond the forecast: understanding DCF valuation
How cash flows, risk and long-term expectations come together to form a view of business value.

How do you value a share without a market price?
A practical introduction to the purpose, evidence and methods behind an unlisted share valuation.

A better valuation starts with a better brief.
What to prepare before appointing a valuer, from the transaction context to the information that matters.
Let’s talk value
Start a
conversation.
Whether you have a defined valuation requirement or are still weighing your options, share a few details and CA Manish Gadia will respond personally.


