ICMAI REGISTERED VALUERS ORGANISATION (RVO)

What ICMAI REGISTERED VALUERS ORGANISATION (RVO) does

ICMAI Registered Valuers Organisation (RVO) is a Section 8 non-profit company incorporated on 23 February 2018 and promoted by The Institute of Cost Accountants of India, a statutory body under an Act of Parliament. It is recognized by the Insolvency and Bankruptcy Board of India (IBBI) under RVO Recognition No. IBBI/RVO/2018/005 to conduct the mandatory 50-hour valuation education across three asset classes (Securities or Financial Assets, Land & Building, and Plant & Machinery) and to act as a frontline regulator for Registered Valuers in India. Its core customer base comprises Chartered Accountants, Cost Accountants, Company Secretaries, and engineers (civil/architecture and mechanical/electrical) seeking IBBI-recognized credentials, supplemented by Insolvency Professionals and other finance practitioners.

The organization's product portfolio consists of the three core 50-hour IBBI-aligned certification courses, a 40-hour Diploma in Business Valuation, and a growing catalogue of add-on certificate programs covering AI & Analytics in Business Valuation, ESG Considerations, Intangible Assets, Valuation for Legal Professionals, Master Classes, Refresher Courses, and the Certificate of Practice. Supporting infrastructure includes a web-based learning management system (lms.rvoicmai.in) providing online mock tests and recorded lectures, an e-library, a publication store, and a peer-review service for valuation reports. Content and curriculum are aligned with International Valuation Standards Council (IVSC) frameworks, reflecting ICMAI RVO's IVSC membership.

The revenue model combines one-time course and publication fees with recurring membership and Certificate of Practice annual fees, plus ad-hoc training-related professional services. Distribution is primarily direct via the organization's website with automated enrollment, supplemented by MOUs with academic partners (IIM Shillong, BIMTECH, Sharda University, NIBSCOM, GLF Business School) and industry associations (PVAI-RVA, Insta e-valuate). Operationally the organization is lean, with approximately 8 employees and a network of ~50 certified faculty members, having trained 3,764 students across 185 batches and grown to 450 RV members with over 12,000 mock test attempts recorded on its portal.

Name

ICMAI REGISTERED VALUERS ORGANISATION (RVO)

Legal name

ICMAI Registered Valuers Organisation

Website

https://rvoicmai.in

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

ICMAI Registered Valuers Organisation (RVO) is an IBBI-recognized Section 8 non-profit that trains and regulates India's Registered Valuers across financial assets, land & building, and plant & machinery. It serves finance professionals, engineers, and insolvency practitioners through 50-hour certification courses and specialized continuing education programs.

Ownership category

akta.pro rank

Product category

Professional Valuation Education

akta.pro industry

PRIMARYFSAEAHAA

Business Valuation (Private Company & Enterprise)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Valuation, Appraisal & Fairness Opinions

SECONDARYBPAJAKAH

Machinery & Equipment / FF&E Valuation (for Real Estate Context)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Valuation & Appraisal Services

SECONDARYFSAEAJAI

Real Estate Valuation & Appraisal Advisory

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Real Estate Advisory & Brokerage

SECONDARYBPAHANAB

Intangible Asset Valuation (IP, Brand, Customer, Technology)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Valuation, Appraisal & Forensic Services

Keywords

• Valuation education
• Registered valuer training
• Asset valuation courses
• Professional certification
• Valuation professional development

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Valuation Course Fees: Revenue from 50-hour valuation courses across three asset classes (Securities & Financial Assets, Land & Building, Plant & Machinery) and specialized programs like Diploma in Business Valuation, AI & Analytics in Business Valuation courses
2. Publication Sales: Sale of valuation books, study materials, guidance notes, MCQs, case studies, workbooks, and monthly journals through the publication store
3. Membership and Registration Fees: Fees for enrollment, registration, Certificate of Practice, and annual membership renewals for Registered Valuers
4. Continuing Professional Education (CPE/COP): Revenue from refresher courses, webinars, seminars, and master classes for registered valuers to maintain their credentials

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

ICMAI Registered Valuers Organisation (RVO) conducts IBBI-recognized 50-hour valuation courses across three asset classes (Land & Building, Plant & Machinery, and Securities & Financial Assets), along with specialized certificate courses, a Diploma in Business Valuation, publications, mock tests, and continuing professional education programs. It also acts as a frontline regulator for Registered Valuers in India, enrolling members, issuing Certificates of Practice, and maintaining the professional registry.

Product overview

ICMAI RVO offers a comprehensive suite of valuation education and professional development programs, comprising three core 50-hour IBBI-recognized certification courses (Plant and Machinery, Land & Building, and Securities & Financial Valuation), a 40-hour Diploma in Business Valuation, and specialized add-on programs including AI & Analytics integration, ESG considerations, intangible asset valuation, and master classes. The portfolio also includes publications, e-library access, online mock tests, webinars, and peer review services. The three core asset-class courses serve as the foundational programs for becoming registered valuers under IBBI, while the advanced programs enable practicing valuers to upgrade skills and maintain continuing education requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Plant and Machinery Valuation Course 50-hour IBBI-recognized training program covering valuation methodologies for equipment, machinery, vehicles, and tools used in business operations. Includes course materials, lecture recordings, and exam preparation support. Targeted at Mechanical, Electrical, Electronic, Production, and Chemical engineers seeking Registered Valuer credentials.
• Land & Building Valuation Course 50-hour training program on property and real estate valuation covering present marketable cost assessment based on building type, structure, durability, location, size, and quality of construction materials. Targeted at Civil Engineers, Architects, Town Planners, and equivalent graduates seeking Registered Valuer credentials.
• Securities & Financial Valuation Course 50-hour program on business valuation of securities and financial assets covering market equity value instruments, debt instruments, and derivatives issued by government agencies and financial institutions. Targeted at Chartered Accountants, Cost Accountants, Company Secretaries, and MBA (Finance) professionals.
• Diploma in Business Valuation 40-hour comprehensive business valuation program covering valuation principles, methods, M&A valuation, startup valuation, ESG considerations, and practical applications. Conducted on weekends for working professionals.
• AI & Analytics in Business Valuation Online certificate program integrating artificial intelligence, predictive modelling, and data analytics into valuation practices. Covers machine learning, real-time analytics, and AI-driven scenario analysis for more accurate forecasts and enhanced decision support.
• Certificate Course on Valuation of Intangible Assets Intensive workshop on intangible asset valuation covering nature and classification, identification methods, excess earnings method, relief-from-royalty method, and valuation approaches for financial reporting and tax purposes.
• Master Class on Valuation Professional development program covering valuation fundamentals, advanced methodologies, real-world case studies, and practical valuation challenges. Designed for experienced professionals seeking strategic and analytical approach to valuation.
• Certificate Course on ESG Considerations in Valuation Certificate program on business valuation incorporating ESG (Environmental, Social, Governance) factors and sustainability metrics into valuation models. Covers compliance and disclosure standards.
• Refresher Course on Valuation Fast-paced refresher program for valuation practitioners covering Securities & Financial Assets and Land & Building segments. Includes exam preparation tips, regulatory updates, and sample questions.
• Certificate of Practice (COP) for Registered Valuers Professional certification program providing regulatory, ethical, and professional framework for registered valuers to practice legally and credibly.
• Webinar & Seminar on Valuation Online seminars and workshops exploring case studies, emerging trends, and practical challenges in valuation. Includes Power Up Workshop on Valuation with CPE credits.
• Valuation Publications Comprehensive study materials and guidance notes for valuation professionals including 101 Valuation Hacks, Knowledge Book on Valuation, Case Studies, and International Valuation Standards. Sold through the publication store with member discounts.
• Certificate Course on Valuation for Legal Professionals Certificate course for legal professionals covering valuation methodologies and applications relevant to legal practice.

Quantifiable outcome

• 3,764 students trained across 185 batches
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• IIM ShillongcoreStrategic or Co-development PartnerIndian Institute of Management Shollong - Premier management institute partnership for valuation education and research collaboration
• BIMTECHcoreStrategic or Co-development PartnerBirla Institute of Management Technology - Academic partnership for valuation course delivery and professional development
• Sharda UniversitycoreStrategic or Co-development PartnerSharda University partnership for valuation education and training programs
• NIBSCOMcoreStrategic or Co-development PartnerNational Institute of Business Studies and Commerce - Partnership for valuation education and professional training
• PVAI-RVA (PVAI Registered Valuers Association)coreStrategic or Co-development PartnerMemorandum of Understanding between ICMAI RVO and PVAI-RVA for collaboration in registered valuers domain, as shown in foundation day celebrations
• GLF Business SchoolminorStrategic or Co-development PartnerGlobal Leadership Foundation Business School - MOU partnership for valuation education
• International Valuation Standards Council (IVSC)coreStrategic or Co-development PartnerICMAI RVO is a member of IVSC, providing access to global valuation standards, academic content, and international network for members

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• CFA Institute: Global credentialing body for investment professionals, offering certifications and continuing education in valuation, financial analysis, and ESG that compete for the same MBA Finance / CMA candidates who might otherwise pursue RV credentials.
• Institute of Company Secretaries of India (ICSI): Indian statutory body for Company Secretaries that also delivers professional development and certification courses, including valuation-related programs, and competes for the same CS-eligible candidates seeking RV credentials.
• American Society of Appraisers (ASA): International valuation credentialing body offering senior-level designations and courses across business, machinery & technical specialties, and real estate — a higher-end global analog to ICMAI RVO's asset-class certification portfolio.
• Royal Institution of Chartered Surveyors (RICS): Global professional body for surveyors and valuers offering Red Book valuation standards, accreditation, and training across asset classes; competes for the same international valuation education market and sets standards that Indian RVs reference.
• National Institute of Securities Markets (NISM): SEBI-established Indian securities markets education body offering certification programs for market intermediaries, with overlapping securities-and-financial-asset content and a similar regulator-backed training model.
• Institute of Chartered Accountants of India (ICAI): Sister Indian statutory professional body (for Chartered Accountants) that runs its own valuation courses and Certificate of Practice programs, sharing a large overlapping member pool and a similar statutory-driven training model.
• Association of Chartered Certified Accountants (ACCA): Global accountancy body delivering finance and business valuation education with a wide international footprint; competes for the same pool of finance professionals considering Indian RV credentials or international valuation designations.

Direct peers

• Institute of Business Associates Registered Valuers Organisation (IBA-RVO): One of the other IBBI-recognized Registered Valuers Organisations in India delivering the same three asset-class (Land & Building, Plant & Machinery, Securities & Financial Assets) 50-hour courses, competing head-to-head with ICMAI RVO for aspiring Registered Valuers.
• PVAI Registered Valuers Association (PVAI-RVA): An IBBI-affiliated Registered Valuers Association operating in the same regulatory and training ecosystem, with which ICMAI RVO already has a formal MoU; serves overlapping cohorts of valuation professionals and competes for the same member base.

Others

• International Valuation Standards Council (IVSC): Global standard-setter for valuation, of which ICMAI RVO is a member; IVSC provides academic content, IVS standards, and a global network that ICMAI RVO extends to members, making it a partner-adjacent rather than competing entity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/icmai-registered-valuers-organisation

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 ICMAI REGISTERED VALUERS ORGANISATION (RVO)