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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.
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.
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| Date | 17th January 2018 |
| Event Hall | Trinity l |
| Venue | Vivanta by Taj, MG Road, Yellappa Garden, Sampangi Rama Nagar, Bengaluru, Karnataka 560001 |
| 9.00 AM - 10.00AM | Registeration and Welcome Remarks |
| 10.00 AM - 10.15 AM | An overview of the global valuation profession and the imperative for adopting international standards for business valuations. |
| i. The global eco system ii. Speaking a common language for users of valuation reports and regulators |
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| Speaker | Nick Talbot - CEO, IVSC (UK) |
| 10.15 AM - 11.15 AM | Panel 1 . 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 |
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| Moderator | Michael Badham - Executive Director, IIBV (Canada) |
| Panelist | Nick Talbot - CEO, IVSC (UK) Mark Zyla - Chairman, IVSC (USA) William Hanlin - President & CEO, IACVA (Canada) Elvin Fernandez- MD, Khong & Jaafar(Malaysia) Chander Sawhney- Partner & Head, Corporate Professionals Sandesh Hegde - Founder , SHCA |
| 11.15 AM - 11.30 AM | Networking Morning Tea Break |
| 11:30 AM - 12:30 PM | Presentation : Valuation in Insolvency and the Bankrupcy Code |
| i.Role of Registered Valuers ii.Distressed Asset Valuation iii.Litigation arising under the I & B Code |
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| Speaker | Varun Gupta - MD Duff & Phelps |
| 12.30 PM - 1.30 PM | Luncheon |
| 1:30 PM - 2:15 PM | Panel ll : 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 |
DS Vivek - Principal Consultant, Annveshan Business Solutions Namit Jain - Founder, ONN BIKES Manishh Anand - Founder & CEO, Utilis Capital Revathy Ashok - Startup Evangelist, Indian Angel Network |
| 2:15 PM - 2:45 PM | Panel lll : Private Equity perspective on Valuation |
| What factors influence valuation in PE investments? | |
| What differentiates evaluation between an Angel Investor, VC and PE? | |
| Key deal breakers in PE transactions specific to valuation?? | |
| Moderator | Vikas Suresh -Director, KPMG |
| Panelist | Imran Jafar - General Partner, Gaja Capital Kumar Ganjam - Managing Director, Stridam Global Ventures Pte. Ltd Abhishek Sharman - Founder & MD, Carpediem Capital Srini Vudayagiri – Partner, Peepul Capital Advisors Ravi Gowda - CEO, Global Mergers |
| 2:45 PM - 3:30 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 | Vikas Suresh -Director, KPMG India |
| Panelist | Nalin Kumar - Head Investment Banking, IDBI Capital Ajay Mital – Partner, Ascent Capital Yang Yen Thaw - Managing Director, 2iB Partners(Singapore) Rishi Aswini -Director,Duff & Phelps Ankur Chhapolika -Group Head(Finance), QuEST Global Karthik Annapragada - Partner - Consark Advisory Services LLP |
| 3:30 PM - 3:45 PM | Networking Evening Tea Break |
| 3:45 PM - 4:30 PM | Panel V : 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 |
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| Moderator | Ray Moran - CEO, MG Valuation (USA). |
| Panelist | Mark Zyla - Chairman, IVSC (USA) Santosh - Managing Director, Duff & Phelps B. Sridhar Rao - Managing Partner, Truscel Capital(Indonesia) LATA MORE - Partner Valuation, BDO India Manish Saxena- Partner, Grant Thornton |
| 4:30 PM- 4:45 PM | Q & A |
| 4.45 PM | Closing Remarks |
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