What iVAS Partners does

iVAS Partners is an India-based, IBBI-registered independent valuation and advisory firm headquartered in Gurugram, with pan-India coverage across more than ten cities including Mumbai, Bengaluru, Hyderabad, Chennai, Pune, Delhi NCR, Noida, Kolkata, and Kochi. Founded circa 2019-2020 as a five-partner professional services partnership, the firm delivers three core service lines: (1) Valuation of Land and Building across residential, commercial, retail, hospitality, industrial, data center, and SEZ assets, including IBC-led, collateral, financial reporting (Ind AS/IFRS), REIT, and IPO valuations; (2) Valuation of Plant and Machinery for sectors including power, automobile, cement, pharmaceutical, chemical, steel, textile, and electronics; and (3) Investment Risk Monitoring (IRM) advisory covering construction status, financial, deviation, and quality reviews for lenders and investors. Partners collectively hold approximately 70 years of valuation experience and carry credentials including IBBI Registered Valuer (covering all three asset classes), RICS MRICS, Council of Architecture registration, and IIV/ICMAI/IOV memberships.

The firm generates revenue on a project-based, quote-driven professional services model with multi-year engagement cadences, serving a diverse client base of banks, NBFCs, HFCs, listed and unlisted REITs, private equity and real estate funds, resolution professionals, real estate developers, corporates, government agencies, and HNIs. Notable mandates include India's first listed REIT IPO valuation (Mindspace Business Parks REIT) and the first listed portfolio of healthcare assets on the Singapore Stock Exchange as a Business Trust, as well as engagements for marquee clients such as HDFC, Tata Capital, IndusInd Bank, YES Bank, Axis Bank, HSBC, Standard Chartered, Citigroup, Adani, DLF, Embassy Office Parks REIT, Brookfield India Real Estate Trust, Mindspace Business Parks REIT, and Mahindra Holidays and Resorts India. iVAS does not operate a proprietary technology platform; it leverages third-party market data providers and partner-firm capacity (350+ professionals including partner firms) for delivery. The firm distributes exclusively through direct partner-led enterprise engagement and a website enquiry channel, with no active digital marketing, channel partners, or self-serve offering.

Name

iVAS Partners

Legal name

iVAS Partners

Website

https://ivaspartners.co.in

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

iVAS Partners is an IBBI-registered Indian valuation and advisory firm founded circa 2019-2020, delivering independent land-and-building, plant-and-machinery, and investment-risk-monitoring services to banks, REITs, PE funds, developers, corporates, and government agencies across 10+ Indian cities via a five-partner team.

Ownership category

akta.pro rank

Product category

Real Estate Valuation and Advisory Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Purchase Price Allocation (PPA) & Intangible Asset Valuation (FSAEAHAF)

Keywords

• Real estate valuation
• Plant machinery valuation
• Investment risk monitoring
• IBBI registered valuer
• Technical due diligence

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Valuation and Advisory Services: iVAS Partners generates revenue through professional service engagements for valuation (land & building, plant & machinery, securities and financial assets), advisory, and technical due diligence services. Engagements are project-based and purpose-driven, serving a wide range of clients including banks, REITs, private equity, financial institutions, developers, and government agencies across various asset classes.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

iVAS Partners is an IBBI-registered Indian valuation entity providing independent valuation and advisory services across three asset classes (land and building, plant and machinery, and securities or financial assets) as well as investment risk monitoring and technical due diligence services. The firm combines partner expertise of approximately 70 cumulative years with market data and industry-leading technology platforms to deliver regulatory-compliant valuation reports for enterprise clients including banks, REITs, PE funds, developers, corporates, and government agencies.

Product overview

iVAS Partners operates as a unified professional services platform providing three interconnected valuation and advisory services: (1) Valuation of Land and Building covering real estate across all major asset classes including commercial, retail, residential, industrial, hospitality, and special segments like data centers and SEZs; (2) Valuation of Plant and Machinery serving industrial sectors including power, manufacturing, pharmaceutical, and chemical industries; and (3) Investment Risk Monitoring Services that complement valuation work by enabling ongoing monitoring of investments and construction projects for lenders and investors. The three services share underlying data assets, professional expertise across 70 cumulative years of experience, and a pan-India presence across 10+ cities supported by 350+ professionals.

Differentiator

Problem solved

Functional benefit

Products and services

• Valuation of Land and Building Comprehensive valuation and advisory services for land and building assets, covering residential, commercial, retail, hospitality, industrial, integrated townships, SEZs, land banks, and data centers. Engagements span IBC-led valuations, arbitration and litigation valuations, collateral/instrument valuation, financial reporting valuations (Ind AS/IFRS compliant), foreclosure and bankruptcy support, IPO valuations, insurance valuations, lease and cost analysis, lending-related valuation, REIT valuation, rental review, and taxation-related valuations. The service is delivered to resolution professionals, owners, investors, and lenders in India.
• Valuation of Plant and Machinery Valuation services for plant and machinery assets ranging from a single machine to an entire facility, performed by qualified and experienced experts across industries including power, automobile, healthcare, cement, chemical and fertilizer, paper, FMCG, hospitality and entertainment, infrastructure, iron and steel, manufacturing and engineering, metal and mining, telecom, textile and leather, petroleum/petrochemicals/oil and gas, pharmaceutical, and electronics. Engagements support accounting and financial reporting, purchase price allocation, corporate financing, equipment insurance, independent property valuation, ownership transfer, and restructuring and insolvency purposes.
• Investment Risk Monitoring Services Investment Risk Monitoring (IRM) advisory services designed to enable investors and lenders to meaningfully track progress of their investments and remain informed about deviations in construction, timelines, collections, bank accounts, receivables, quantities, approvals, or the overall project. Services include business plan review, approvals due diligence, project progress and construction status review, project cost review, sales review, accounts and financials review, quantities and bills review, measurements, deviations and quality testing, and MIS reconciliation, delivered as external advisor engagements to investors and lenders.

Quantifiable outcome

• First REIT IPO valuation in India
• +2 more outcomes

Named customers66 records

Segments8 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Knight Frank India: Knight Frank India provides real estate valuation and consulting services to financial institutions, developers, and funds, with comparable asset class coverage and pan-India presence to iVAS.
• RBSA Valuers: RBSA is a long-standing Indian valuation firm with multi-asset class capabilities (land & building, plant & machinery, financial assets) and IBBI registration, directly comparable to iVAS in statutory valuation mandates and pan-India coverage.
• Cushman & Wakefield India: Cushman & Wakefield offers independent property valuation, advisory, and due diligence in India, competing head-to-head with iVAS for REIT and PE real estate mandates. Its pan-India footprint and global brand make it a direct peer.
• Jones Lang LaSalle (JLL) India: JLL India provides real estate valuation, capital markets advisory, and investment monitoring services to banks, REITs, PE funds, and corporates — the same client segments as iVAS. It is one of the most direct competitors for pan-India L&B mandates.
• CBRE South Asia Private Limited: CBRE's India arm is the dominant real estate valuation and advisory firm in the country, directly competing with iVAS on land & building valuations, REIT mandates, and technical due diligence. One of iVAS's partners (Vijay Arvindkumar C) was previously a valuer at CBRE South Asia, underscoring direct overlap.
• Colliers International India: Colliers India offers valuation and advisory services across real estate asset classes, competing with iVAS in commercial, hospitality, and industrial valuation mandates for banks and REITs.

Broad incumbents

• KPMG India (Deal Advisory Valuation): KPMG's India valuation services cover PPA, financial reporting, and disputes, competing with iVAS for corporate and PE mandates within a broader advisory platform.
• BDO India (Valuation Advisory): BDO India offers valuation and advisory services across asset classes to banks, NBFCs, and corporates, comparable to iVAS but within a larger multi-disciplinary firm.
• Ernst & Young (EY) India (Valuation): EY India provides business and asset valuation services to corporates, PE funds, and financial institutions. It is a broad incumbent that competes with iVAS on large M&A, PPA, and IBC mandates.
• Deloitte India (Valuation & Modeling Services): Deloitte India's valuation practice provides purchase price allocation, financial reporting, and dispute valuations — overlapping with iVAS's PPA and Ind AS/IFRS valuation work, though delivered as part of a much broader advisory portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ivas-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 iVAS Partners