RBSA Advisors

What RBSA Advisors does

RBSA Advisors (legal entity: RBSA Valuation Advisors LLP) is a privately held, independent transaction advisory firm founded in 1971 in Jaipur, India, by the late Ramesh B. Shah and now headquartered in Ahmedabad, Gujarat. The firm operates across 10 offices in India, the Middle East, and Singapore, employing 250+ professionals organized under eight Managing Directors who each head a dedicated practice line. It is consistently ranked among the top five M&A advisory firms in India by Bloomberg, MergerMarket, and Venture Intelligence.

The firm delivers an integrated suite of seven professional service lines: Valuation Services (business, intangibles, IBC-driven, industrial, real estate, infrastructure, REIT/InvIT, PPA, ESOPs, financial securities); Investment Banking as a SEBI-registered Category I Merchant Banker (M&A advisory, government disinvestment, fund raising, start-up advisory, special situations IB, joint ventures, capital market advisory); Restructuring under both IBC and non-IBC frameworks (insolvency, turnaround, interim management, CoC advisory, resolution plan preparation); Transaction Services (financial, tax, and technical due diligence); Transaction Tax (deal tax, corporate restructuring, succession planning); Risk Consulting (credit, market, business, and treasury risk advisory); and Dispute & Litigation (damages assessment, expert testimony, antitrust). It supplements its advisory work with research reports, thought-leadership newsletters, and webinars covering sectors such as pharmaceuticals, healthcare, renewables, GCC markets, and cost of capital.

RBSA generates revenue through project-based professional advisory fees. Pricing is quote-driven and varies with engagement complexity, scope, and type. Go-to-market is enterprise field sales via senior-level direct engagement with four primary customer segments: domestic and multinational corporates, government and regulators (including public-sector-undertaking disinvestments and ISRO satellite valuation), domestic and international banks and financial institutions, and private equity funds (including Warburg Pincus and Sequoia). The firm extends cross-border reach through a core partnership with Valuation Research Group (VRG, 60+ country footprint) and a network of trusted affiliates in the USA, UK, Canada, Europe, Australia, China, Africa, and Brazil, enabling multinational mandates to be managed via a single point of contact and executed locally.

Name

RBSA Advisors

Legal name

RBSA Valuation Advisors LLP

Website

https://rbsa.in

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

101–250 employees

Short description

RBSA Advisors is an independent transaction advisory firm offering valuation, investment banking, restructuring, transaction services, tax, risk consulting, and dispute advisory to corporates, banks, government bodies, and private equity funds across India, the Middle East, and Singapore.

Ownership category

akta.pro rank

Product category

Transaction Advisory Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE)

akta.pro secondary industries

Fairness Opinions & Independent Financial Advice (BPAHAOAF), Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)

Keywords

• Valuation services
• Investment banking
• Mergers acquisitions
• Restructuring advisory
• Transaction advisory

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Transaction Advisory Services: RBSA generates revenue through professional advisory fees for services including Valuation, Investment Banking, Restructuring, Transaction Services, Transaction Tax, Risk Consulting and Dispute & Litigation Support.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

RBSA Advisors is an independent transaction advisory firm providing professional valuation and financial advisory services across all asset classes. Its core service lines are Valuation Services, Investment Banking (SEBI Category I Merchant Bank), Restructuring (IBC and outside-IBC), Transaction Services (financial, tax and technical due diligence), Transaction Tax, Risk Consulting, and Dispute & Litigation Support. Services are delivered through a multidisciplinary team of 250+ professionals across 10 offices in India, the Middle East and Singapore.

Product overview

RBSA Advisors is a leading independent Transaction Advisory firm offering an integrated suite of professional services. The core portfolio consists of seven interconnected service lines: Valuation Services (covering all asset classes from business valuation to specialized assets), Investment Banking (SEBI registered Category I Merchant Bank for M&A, fund raising, and capital markets), Restructuring (IBC and non-IBC resolution), Transaction Services (financial and technical due diligence), Transaction Tax (advisory for M&A and corporate restructuring), Risk Consulting (credit risk assessment and financial advisory), and Dispute & Litigation (expert valuation and damages assessment). The firm also produces Research Reports and Thought Leadership content as supplementary knowledge offerings. Services are delivered through a team of 250+ professionals across 10 offices in India, Middle East, and Singapore.

Differentiator

Problem solved

Functional benefit

Products and services

• Valuation Services Comprehensive valuation advisory covering business valuation, intangible assets & intellectual property, valuation under the Insolvency & Bankruptcy Code, industrial assets, plant & machinery, real estate, infrastructure & specialized assets, REITs and InvITs, purchase price allocations for M&A, swap ratios, impairment assessment, mines and mineral advisory, new-age/portfolio valuation for PE/VCs, regulatory valuations under Income Tax, FEMA and Company Law, valuation of financial securities/instruments/derivatives, ESOPs and sweat equity, and inventory/stocks and debtors/receivables. Targeted at corporates, banks/financial institutions, government/PSUs, PE/VCs, and promoters across India and international mandates.
• Investment Banking SEBI registered Category I Merchant Banking services including M&A Advisory, Government Disinvestment and Privatization, Fund Raising, Start-up Advisory, Special Situations IB, Partner Search and Joint Ventures, and Capital Market Advisory. Targeted at Indian corporates, PSUs, promoters, and growth-stage companies undertaking transactions or capital markets activity.
• Restructuring Insolvency, Restructuring & Turnaround practice covering both IBC and outside-IBC resolutions, including Insolvency Services as per IBC 2016, Independent Business Review, Turnaround Advisory & Business Transformation, Operational Turnaround Advisory & Financial Restructuring, Interim Finance/Refinance, Interim Management including CRO Services, Process Advisory Services, and Advisory Services to CoC/Creditor Advisory including preparation and vetting of Resolution Plans and Information Memorandum. Targeted at stressed corporates, lenders, creditors, resolution professionals, and Committee of Creditors.
• Transaction Services Financial Due Diligence Advisory for both investment and divestment initiatives, comprising Financial & Tax Due Diligence and Technical Due Diligence. Targeted at acquirers, sellers, PE/VC funds, and lenders requiring pre/post-deal diligence support.
• Transaction Tax Transactions Tax Advisory for M&A, PE Deals, Distress Debt Resolution & Succession Planning, covering Deal Tax Advisory for Strategic Transactions, Stressed Assets Transactions, and PE/VC Transactions, Corporate Restructuring, Succession Planning, and Implementation. Targeted at corporates, PE/VC funds, promoters, and family-owned businesses executing transactions or succession events.
• Risk Consulting Assessment of Credit Risk associated with corporate borrowers on behalf of banks/institutions, covering Business Risk Advisory (risk-based internal audits, IFC/ERM, process excellence, compliance, fixed assets management, business support services), Strategic Risk Advisory (TechCo feasibility, economic viability & financial appraisal, business plan preparation, DPR, agency for specialized monitoring), Financial and Treasury Risk Advisory (ALM assessment, expected credit loss, asset quality review & stress testing, credit/market/interest rate risk), and Technical Support Services (technical due diligence for M&A, lenders' independent engineers, chartered engineer certification, project cost vetting, project appraisal and monitoring). Targeted at banks, financial institutions, lenders, and corporate borrowers.
• Dispute & Litigation Support Valuation & assessment of damages in dispute, arbitration, and litigation situations, covering Loss Assessment, Independent Expert Testimony, Anti-trust & Competition Advisory, and various dispute types. Targeted at corporates, legal counsel, regulators, and arbitration forums requiring independent valuation and damages quantification.

Named customers16 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Valuation Research Group (VRG)coreStrategic or Co-development PartnerVRG provides quality valuations and value-related services for the international business community, serving clients in more than 60 countries. Multinational engagements are managed locally by a single point-of-contact and executed by professionals located in respective countries. VRG has dozens of offices throughout continental Europe and the United Kingdom, as well as many throughout Brazil, China, Mexico, Canada, Argentina, Australia and the United States.
• Trusted Affiliates (USA, UK, Canada, Europe, Australia, China, Africa, Brazil)minorStrategic or Co-development PartnerRBSA has trusted affiliates across USA, UK, Canada, Europe, Australia, China, Africa and Brazil who, alongside them, provide clients with seamless advisory services across the world.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Duff & Phelps (Kroll): Duff & Phelps, now part of Kroll, is a global independent valuation and corporate finance advisor. RBSA is comparable as both are independent valuation and transaction advisory firms with strong regulatory credentials and a similar cross-border alliance model.
• Alvarez & Marsal: Alvarez & Marsal is a global professional services firm specializing in restructuring, turnaround, and transaction advisory. RBSA's Restructuring and Transaction Services practices are directly comparable in scope and client base.
• Grant Thornton (India): Grant Thornton's India practice provides transaction advisory, valuation, and restructuring services to corporates and PE funds. RBSA is comparable given the similar target client base (large corporates, FIs, PE) and overlapping service lines in M&A and valuation.
• VEDA Corporate Advisors: VEDA is an India-focused independent transaction advisory and valuation firm serving corporates, funds, and government. RBSA is comparable in its independent positioning, India-centric delivery model, and M&A/valuation/restructuring service mix.
• Singhi Advisors: Singhi Advisors is an Indian investment banking and transaction advisory firm with M&A, restructuring, and valuation practices. RBSA is directly comparable in the Indian M&A advisory market and serves a similar PE and corporate client base.
• BDO India: BDO India's Advisory practice offers transaction support, valuation, and risk consulting to corporates and FIs. RBSA is comparable as both are mid-tier advisory networks competing for M&A and valuation mandates in India.
• Avendus Capital: Avendus is a leading Indian investment bank with M&A, capital markets, and advisory practices. RBSA's SEBI-registered Investment Banking practice is directly comparable, particularly for mid-to-large Indian M&A mandates.

Broad incumbents

• KPMG (India Advisory): KPMG's India Deal Advisory practice provides M&A, valuation, and transaction services to large corporates and PE funds. RBSA competes with KPMG on premium Indian mandates, though KPMG offers a far broader portfolio of services and global network.
• EY (India Transaction Advisory): EY's India Transaction Advisory and Valuation practices serve large corporates, FIs, and government on M&A and restructuring. RBSA competes with EY for marquee mandates, though EY is a much larger, broader advisory platform.
• PwC (India Deals & M&A): PwC's India Deals practice offers M&A advisory, valuation, and restructuring services to large clients. RBSA is comparable on the valuation and restructuring service line, with PwC offering a wider global network and brand presence.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RBSA Advisors