14th April, 2016
Valuation Alliance between Aich Appraisers Auctioneers and Valuers and Vinod Kothari Consultants Pvt. Ltd.
In the wake of ever increasing NPAs and rising delinquencies levels the world of banking has learnt, albeit the hard way, how erroneous assumptions about value of assets, whether tangible or intangible, could hurt their interests.
Business is all about valuations – an acquirer acquiring a business is putting a bet on the cashflows of the business over eternity; a lender lending against assets is taking a view on the uses, useful life and residual value of assets. An accountant preparing financial statements under IFRS conventions is putting fair values. A PE financier doing a mezzanine financing is putting a value to the embedded call option inherent in the equity conversion.
In short, valuations are ubiquitous in business today.
It is trite to say, valuations are subjective, but it would be a travesty to say, one can pull any value out of air and, then, justify it as the value. Valuations are relative, not entirely subjective. Valuations are based on the purpose of valuation. While there is a set of assumptions behind any valuation, but the assumptions in turn may also be either derived from publicly verifiable data, or may be based on underlying assumptions which are based on observable inputs. Or, a valuation may be completely based on the model of the valuer. Therefore, global accounting standards classify fair values bases as Level 1, Level 2 and Level 3 inputs.
With the moto of “We love to dream and strive to make the dreams come true”, two Kolkata-based renowned firms Vinod Kothari Consultant Pvt. Ltd. (VKC) and Aich Appraisers Auctioneers and Valuers (AAAV) are coming together to form a strategic alliance to provide comprehensive valuation services primarily catering to the banking and financial sector.
Vinod Kothari Consultants (VKC) has been in financial consulting for over 25 years, and is focused on non-banking financial services. Led by Vinod Kothari, a globally renowned financial expert, VKC is currently based out of Kolkata, Mumbai and Delhi, and has served almost every leading name in the financial services industry. VKC’s forte lies in being able to value complex financial assets, cashflows, intangible assets, etc. Aich Appraisers Auctioneers and Valuers (AAAV), an award winning valuation services firm, is led by Mr. Indranil Aich, an entrepreneur with an illustrious career of 20 years in the field of engineering, academia and valuation services. VKC and AAA have decided to come together to form a strategic alliance to cater to the burning needs of the finance industry with a new, innovative approach for preventive consultation for NPAs and delinquency subsidence. Both VKC and AAAV have decided to sign of the strategic alliance document on 14th April, 2016 (Thursday) on the auspicious day of Poila Baisakh.Commenting on the Alliance, Mr. Indranil Aich says: “We feel delighted that our company joins hands with Vinod Kothari Consultants to provide relevant and productive services. There is a huge stress in the banking sector right now, and there could not have been a better time to initiate this alliance.”
Mr Vinod Kothari says: “AAA-VKC Alliance is a forging of relative strength of two professional organisations. We complement our mutual strengths. As uncertainty and volatility increases all around us, the stress on professional valuation opinions will be ever increasing. We hope with our mutual domain strengths, we will be able to provide services with utmost professionalism, integrity and capability to our clients. Together, we add value.”
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10th January, 2015
Contributors to World Bank Report on Doing Business 2015: Going Beyond Efficiency
Vinod Kothari and Nidhi Bothra have been the contributors to the prestigious Doing Business Report of the World Bank for the years 2010, 2012, 2014 and 2015.
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18th December, 2014
Indian Solar Energy receives its first overseas investment – Vinod Kothari Consultants P Ltd (VKC), act for Simpa Networks to fetch $ 4 million debt
Simpa Networks, operating in India as Simpa Energy India, pioneered the solar-as-a-service business model. It is engaged in selling solar-as-a-service to energy-poor households and micro-enterprises in rural India. Currently, the company operates in rural Uttar Pradesh, an Indian state with severe power deficit.
VKC advised and assisted Simpa Networks in clearing its $ 4 million debt financing with team led by its Director Mr. Vinod Kothari along with its Executive Vice President Ms Nidhi Bothra, Senior Associate Nivedita Shankar and Legal Advisor Prachi Narayan.
The new debt facility will enable Simpa to reach 200,000 people with clean, reliable electricity. The financing has been provided by Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and by GDF Suez through their Rassembleurs d’Energies program.
It is worth noting that OPIC investment is the first private sector funding in solar industry in India.
For more information:
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12th June, 2014
Nomination of Mr. Vinod Kothari in the Company Law, Corporate Affairs Council of ASSOCHAM
It is our pleasure to inform you that recently Mr. Vinod Kothari has been nominated as a member of the Company Law, Corporate Affairs Council of ASSOCHAM.
2nd June, 2014:
Exclusive Interview of Mr. Vinod Kothari covered by “Dhaka Tribune” in Bangladesh
Mr. Vinod Kothari recently visited the Dhaka, Bangladesh for a training session on Bond Markets in South Asia. Later during the day, he gave an exclusive interview to one of the leading english dailies in the country – “Dhaka Tribune”, where he said that the business in Bangladesh can avail more debt and wider primary markets therefore talks should be held on developing such markets in a well-planned manner. Click here to read the full interview.
25th February, 2014:
Vinod Kothari Consultants to provide financial training and consulting in Egypt