India's only IVSC-aligned Certificate Program Gold Standard in Valuation Education Batch-6 registration open - LIMITED SEATS Become a Global Valuation Professional India's only IVSC-aligned Certificate Program Gold Standard in Valuation Education Batch-6 registration open - LIMITED SEATS Become a Global Valuation Professional
Inviting registrations for IVCP (Batch-6)

Master the Evolving
Role of Valuation

IICA Valuation Certificate Program (IVCP)

Built for board members, finance leaders, valuers, consultants, regulators, bankers, and decision-makers seeking world-class expertise in modern valuation.

IICA Valuation Course Ebook

The Future of Valuation

Global Trends, Challenges & Opportunities

Prof (Dr) Naveen Sirohi

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Academic Member

IVSC - International Valuation Standards Council

Recommended by

Insolvency and Bankruptcy Board of India Department of Financial Services Department of Investment and Public Asset Management Department of Public Enterprises

Sponsoring Organizations

Past participants nominated/represented by the following organisations

Message from DG & CEO

Shri Gyaneshwar Kumar Singh

DG & CEO, IICA

In today’s hyper‑connected global economy, valuation is no longer a backstage technicality - it is front and centre in capital markets, corporate strategy, mergers and acquisitions, regulation, litigation and sustainable finance. Market transparency, fair‑value reporting and investor protection hinge on credible valuation frameworks. This is especially true now, as macro‑level shifts - technology innovation, intangible asset proliferation, climate risk and demographic transition - reshape asset values overnight.

In the Indian context, these dynamics are even more compelling. India is on the cusp of a demographic dividend, rapid digitization, mass privatization of public sector enterprises, and large-scale infrastructure investment tied to the Viksit Bharat 2047 vision. India’s growth narrative cannot afford valuation ambiguity.

At IICA, we have a structural role in strengthening the valuation ecosystem. Our valuation leadership is explicitly aligned with nation‑building imperatives: enabling capital discipline, supporting disinvestment and asset monetization, and embedding valuation literacy across public and private sectors.

Through this flagship IVCP programme, IICA extends an invitation to professionals, policy‑makers, regulators, financiers, corporates and academics who wish to elevate valuation as a public good.

Best wishes for your learning journey.

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Message from Course Director

Prof (Dr) Naveen Sirohi

Founding Head, SoFM &
Course Director, IVCP

Whether you're a registered valuer preparing for high-stakes engagements, a banker assessing fair value risks for lending and investment decisions, a lawyer supporting valuation in litigation or arbitration, or a corporate strategist charting long-term value creation - the IVCP equips you with the knowledge & tools needed to navigate complex valuation landscapes with confidence and integrity. It is equally relevant for board members and independent directors, who are increasingly required to exercise informed judgment on valuation reports for mergers, acquisitions, related-party transactions, and impairment reviews.

For regulators and policy-makers, the programme strengthens their capacity to scrutinise valuation practices that underpin regulatory filings, public offerings, disinvestments, and insolvency proceedings - ensuring transparency, fairness, and market stability. Likewise, finance professionals, including CAs, CS, CFOs, investment analysts, auditors, and risk officers, benefit from a structured framework to evaluate valuation assumptions, challenge models, and ensure alignment with both financial reporting standards and shareholder value imperatives.

In short, IVCP serves as a powerful enabler across the valuation value-chain - from doing, using, reviewing, to governing valuation - making it indispensable for today’s multistakeholder governance and financial ecosystem. At the heart of IVCP is a simple message: India deserves global valuation professionals with India‑centric understanding.

We welcome you to the course.

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Why Valuation?

The valuation profession will only grow in importance. New challenges and opportunities to enhance business and financial markets, and society at large, will confront valuers at a greater rate. Macro trends including climate change; a shift in the way we use and manage natural resources; population demographics; the proliferation of financial instruments; and the role of technology in business will shape, and be shaped by, the valuation profession. Asset values will evolve as these forces influence our day-to-day lives, and the importance of transparent and reliable valuations, including on balance sheets, will only become more important in our interconnected world.

Sir David Tweedie

Chairman, International Valuation Standards Council (IVSC)

01

Insolvency

Determines fair value of distressed assets for resolution and recovery.

02

Disinvestment

Enables transparent pricing and efficient stake sale execution.

03

Banking & Lending

Supports credit decisions through accurate collateral and business valuation.

04

Mergers & Acquisitions

Crucial for determining fair exchange ratios and deal structuring in M&A transactions.

05

Financial Reporting

Essential for fair value measurement, impairment testing, and purchase price allocation.

06

Regulatory Compliance

Required by SEBI, RBI, Income Tax, and Companies Act for various corporate actions.

07

Strategic Decision-Making

Facilitates informed business decisions on investments, restructuring, and capital allocation through clear value insights.

08

Fundraising & Investment Analysis

Assists in evaluating investment opportunities, determining returns, and negotiating funding terms with confidence.

09

Dispute Resolution & Litigation Support

Provides independent and defensible valuation opinions for legal proceedings, arbitration, and taxation matters.

Gold Standard in Valuation Education

IICA Valuation Certificate Program (IVCP) is designed as an integrated, comprehensive and practical course on valuation. The course is aligned to International Valuation Standards giving it a global flavour which is necessary in the present interconnected world. The faculty consists of global experts drawn from academia, industry and regulatory bodies. The heterogeneous group of participants facilitates peer learning and formation of holistic perspective of inter-disciplinary valuation related issues. Alumni benefit offers opportunity for lifelong learning and networking.

Enquire now

Course Design

Bridge Course
15 Days Online Delivery

Mandatory for Non-Finance background participants for ensuring financial foundation required for the course.

Level I – Foundation: Getting Ready for Valuation
4 Months Online Delivery
  • Module 1 - Financial Modelling
  • Module 2 - Micro & Macro Economics
  • Module 3 - Business Statistics & Financial Mathematics
  • Module 4 - Business Strategy & Industry Analysis
  • Module 5 - Financial Statement Analysis
  • Module 6 - Corporate Finance for Valuation
  • Module 7 - Behavioral Finance
  • Module 8 - Quality of Earnings, Financial Shenanigans and Adjustments to Financial Statements
  • Module 9 - Introduction to Valuation
  • Module 10 - Understanding & Valuing Risk
Level II – Intermediate: Business Valuation Techniques
4 Months Online Delivery | 6-Day Campus Immersion
  • Module 11 - Valuation Professional Performance Framework (VPPF)
  • Module 12 - Cost Approach
  • Module 13 - Market Approach
  • Module 14 - Income Approach
  • Module 15 - International Valuation Standards (IVS)
  • Module 16 - Valuation Report Writing
  • Module 17 - Levels of Value, Discount and Premiums
Level III – Advanced: Implementation of Business Valuation Techniques
4 Months Online Delivery | 6-Day Campus Immersion
  • Module 18 - Valuation of Intangibles
  • Module 19 - Valuation for Financial Reporting
  • Module 20 - Land & Building Valuation
  • Module 21 - Plant & Machinery Valuation
  • Module 22 - Startup Valuation
  • Module 23 - Valuation for Mergers and Acquisitions (M&A), Private Equity (PE) and Venture Capital (VC)
  • Module 24 - Valuation for IBC
  • Module 25 - Valuation for Disinvestment
  • Module 26 - Valuation for Litigation Support, Arbitration, Economic Damages
  • Module 27 - Valuation for Transfer Pricing and Other Tax Compliances
  • Module 28 - Valuation in other Specific Cases & Contemporary Issues

Course Eligibility

  1. Graduate, CA, CS, CMA or other equivalent qualification.

  2. For students under ‘student category’, two basic requirements are to be fulfilled:

    Applicant should have active student status in final year of graduation or any year of post-graduation as on the last date of registration
    Maximum age restriction for student category is 28 years.

Who should attend?

CMDs, CEOs, CFOs, Directors, Board Members, Registered Valuers, Insolvency Professionals, Finance Professionals, Officials from the Government and Regulatory Bodies, Banking and Insurance professionals, Consultants, CA, CS, CMA, Lawyers, Financial Analysts, Business Analysts, Investors, Auditors, Corporate and Investment Bankers, Fund Managers, Investment Analysts, Executive Directors, General Managers, Finance Heads, Finance and Economics Faculty, Students and other professionals who aspire to develop valuation acumen.

Course Outcome

Certificate of Completion

Certificate of Completion is awarded following two factor criteria, i.e. attendance and assessment. It is suitable for existing or aspiring valuation professionals who are / wish to take up valuation as a profession and are expected to do valuation themselves.

Certificate of Participation

Certificate of Participation is awarded following single factor criteria, i.e. attendance. Assessment is not applicable to them. It is suitable for other stakeholders (users) who are expected to make informed decisions at board, management, Government or regulatory organisation, bank etc. They join the course for knowledge enhancement and general learning.

Please note

Certificates issued by the Indian Institute of Corporate Affairs can be verified through our verification portal. Verify Certificate

Download certficate from Digilocker Download now

Course Fees (Batch-6)

Batch-6 commences October 2026
Super Early Bird discount (20% off) closes 30th June - save ₹40,000/-

The fees for Indian (Individual) participants is as follows:

Super Early Bird

20% Discount
You Pay
₹1,60,000/-
+ GST extra as applicable
Program Fee ₹2,00,000/-
(-) Discount (20%) ₹40,000/-

Early Bird

10% Discount
You Pay
₹1,80,000/-
+ GST extra as applicable
Program Fee ₹2,00,000/-
(-) Discount (10%) ₹20,000/-

Last-minute Registration

0% Discount
You Pay
₹2,00,000/-
+ GST extra as applicable
Program Fee ₹2,00,000/-
(-) Discount ₹0/-

The fees for all Indian participants eligible for Student & Registered Valuer discount is as follows:

Student Category

40% Discount
You Pay
₹1,20,000/-
+ GST extra as applicable
Program Fee ₹2,00,000/-
(-) Discount (40%) ₹80,000/-

Registered Valuer

40% Discount
You Pay
₹1,20,000/-
+ GST extra as applicable
Program Fee ₹2,00,000/-
(-) Discount (40%) ₹80,000/-
Eligibility for Student Category:
  • Active student status in final year of graduation or any year of post-graduation
  • Maximum age 28 years as on September 2026
  • Articleship / trainees are eligible
  • Documents required: PAN card, Aadhaar card, latest mark sheet

Applicable to organisations (not individuals) who wish to sponsor their officials / employees. In such cases, group discount is available on full fee of ₹2,00,000/- + GST extra. The fees for Indian (Sponsored) participants is as follows:

Course Fee

2-5 Participants
You Pay
₹1,80,000/-
+ GST extra as applicable
per participant
Program Fee ₹2,00,000/-
(-) Discount
2-5 Participants (10%)
₹20,000/-

Course Fee

6-9 Participants
You Pay
₹1,60,000/-
+ GST extra as applicable
per participant
Program Fee ₹2,00,000/-
(-) Discount
6-9 Participants (20%)
₹40,000/-

Course Fee

10-19 Participants
You Pay
₹1,50,000/-
+ GST extra as applicable
per participant
Program Fee ₹2,00,000/-
(-) Discount
10-19 Participants (25%)
₹50,000/-

The fees for International participants is as follows:

High income countries
HIC
You Pay
$3,500/-
Upper middle income
UMIC
You Pay
$3,000/-
Lower middle income
LMIC
You Pay
$2,000/-
Low income countries
LIC
You Pay
$1,500/-

Please note that the fee is aligned to the World Bank income classification. Check your country's classification at World Bank country list

Please note that the course fee can be paid in:

  • (i) Lump Sum
  • (ii) Easy Installments

*Subject to applicable terms and conditions
^Payment gateway charges (if any) shall be borne by the participant.

PAY FEE

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Everything included in your fee:

28 modules across 3 levels
12-month LMS access & recorded sessions
Boarding & lodging at IICA campus (twin sharing)
Study materials & expert presentations
Global master classes (IVSC, EY, Kroll, Deloitte...)
IVCP designation on completion
Lifetime alumni network access
Tools access: Capital IQ, Stata, FIMMDA

Our Esteemed Faculty

A look at our faculty from past batches#

Mark Zyla

MD, Zyla Valuation Advisors LLC Atlanta, USA

Nick Talbot

CEO, International Valuation Standards Council (IVSC)

Anton Lezhja

VP ASA EU Chapter and Director of Valuation, Deloitte, Europe

Alexander Aronsohn

Director, International Valuation Standards Council (IVSC)

Sanjeev Sanyal

Principal Economic Adviser, Ministry of Finance, GoI

Manish Saxena

CFA, Valuation Expert & Board Member, Financial Instruments, IVSC

Vaidya Nathan

PhD, Professor, ISB

Dr Prasanna Chandra

PhD, Author & Director, Centre for Financial Management

Pratap Giri S

Adjunct Faculty(IIMs), M&A and Valuation Expert

Gopal Kumar

Actuary and Expery in Insurance Companies Valuation

FCA Anil Sharma

Adjunct Faculty, IICA

Prabina Rajib

PhD, Director (BIMTECH) and Former Professor (Finance, IIT Kharagpur)

Sanjay Bakshi

PhD, Adjunct Professor, MDI

Aviral Jain

CFA, Managing Director, Kroll (India)

Dr Ranjan Das

PhD, IIM Calcutta

Prof S R Korivi

CA, PhD, Former Dean NISM and Visiting Faculty at IIMs, NIFM, NIBM, etc

Parag Mehta

Partner Valuation & Modelling, EY India

O P Yadav

Former Principal Commissioner, Income Tax and Expert, Valuation of Transfer Pricing

Vishvas Vaidya

Expert, Tangible Assets

Arpit Thakkar

CA, Partner at Grant Thornton LLP

Vikas Gangwal

Expert in Valuations, Modeling and Economics Practice

Gautam Chakravarti

Expert in Business Strategies

Raghav Khera

EY (Valuations, Modeling and Economics Practice)

Dr Sushil Lal

CA, PhD, IFRS Expert

Bikram Mahajan

CFA, VC Investor and Expert in Startup Valuation

Dr Naveen Bali

Former Consultant, DEA, Ministry of Finance

Naresh Phanfat

Wharton CRO & ADP, Global Finance Leader

Amit Singh

CEO, Armslength Advisors & Director, IACVS India Chapter

Sakshi Gupta

Principal Economist, HDFC

FCA Rajiv Singh

CA, Valuation Expert, Adjunct Faculty, IICA

Prof (Dr) Naveen Sirohi

Head School of Finance IICA & Course Director

& many more...

# Subject to confirmation/availability

Testimonials

Dhananjay Chandrakant Walke (Batch-II)

Chartered Accountant, RV (S&A)

The course involves a comprehensive curriculum that covered a wide range of topics related to valuation. What really impressed me was the way the course was organized. It involved a mix of classroom lectures, case studies, group presentations, and exams, all of which were moderated by highly qualified professionals and subject matter experts of the industry. This ensured that we not only understood the theoretical concepts but also learned how to apply them in real-world scenarios. The case studies and group presentations were particularly beneficial, as they gave us the opportunity to work on real-life valuation projects and learn from our peers.

Ankit Goel (Batch-I)

CA, Registered Valuer (FA&S)

It has been amazing learning & humbling experience to be part of IICA Valuation Certificate Program. It is a unique valuation course in the industry that offers advanced level expertise to budding future valuers. The course provides for a thorough & detailed approach to imparting valuation knowledge. Course content is the right mix of theory and practice which is a necessity for a subject like valuation. Faculty is thorough with academic knowledge & practical experience. Classes are interactive and allow students from different backgrounds to exchange their views on valuation where there can be many views on the valuation number for the same circumstances.

R Bhuvana (Batch-I)

Insolvency Professional & Registered Valuer(FA&S)

Came into the course with expectation of learning basics of valuation, right from scratch. Absolutely happy that my objective is fully met. Level-I gave solid foundation on statistics, management and of course valuation related aspects. Level-II has gone into depth of valuation exercise, duly grilling each and every concept into our heads. The faculty are highly dedicated which makes participants feel connected. Kudos to entire team who thought through this course and delivered it in such a structured manner. Co-Participants with exceptional experience & varied exposure is a phenomenal strength for the success of this batch.

CA Shirley Mathew (Batch-I)

IBBI Registered Valuer (FA&S)

IICA Valuation course has been a huge learning experience for me personally and professionally. This valuation course, both in content and delivery has fortified my knowledge and has ingrained deeper insights into the best practices for professional growth. Learning what is needed for sharpening skills, unlearning and relearning what is required for the current market demands in the profession. Kudos to Dr Naveen Sirohi and entire IICA faculty for the passion & commitment to make this happen. I will recommend this online course to anyone who has a serious passion for valuation practice in times ahead.

Nagaraja Emmadi (Batch-II)

Chartered Accountant, RV (S&A), Insolvency Professional

The IICA Valuation course was incredibly insightful and more value addition to valuation professionals. The faculty were very good and they were deep dive into every aspect of the Valuation areas. Felt more equipped than ever to take on the challenges of being a Valuation professional.

Jagdish Kumar (Batch-I)

CA, Registered Insolvency Professional & Registered Valuer (FA&S)

Huge learning experience! I sincerely appreciate the interactions with highly knowledgeable and expert faculty, Inspite of being an online valuation course, I find the virtual sessions to be as participative as a physical classroom.

Sharad Goyal (Batch-I)

CA & Insolvency Professional

I feel that IICA Valuation Certificate Program is a course which is aptly designed and comprehensively covers the whole gamut of valuation arena. Faculties are world class and the participants carry great credentials in their respective fields. IVCP also allows networking and bonding among participants.

Chalapathy Rao M (Batch-I)

CA, IBBI Registered Valuer (FA&S)

If IIT is for Technology studies and IIM for Management studies then it is IICA Valuation Certificate Program for Valuation Studies. Authentic Valuation Training. A Must for great Valuation Career.

Rakesh Sahu (Batch-I)

FCA and IBBI Registered Valuer (FA&S)

This course has made us to think and analyse in a different way even for the matter that we assumed to be aware of. The dynamics of our understanding of valuation as a subject matter is changed.

Pankaj Chandak (Batch-I)

CA, Registered Valuer (FA&S)Forensic Auditor

IICA Valuation Certificate Course is perfectly designed for deep and conceptual knowledge of valuation. We enjoy very much this course and learn so many new things and gain more knowledge. Faculty from IICA is awesome and way to teach is superb.

Saurabh Srivastava (Batch-II)

Practicing Chartered Accountant & RV

IICA Valuation Certificate Programme is very extensive programme spread over a year coupled with class room training and campus visit for practical case studies. The course gives knowledge in all spheres of valuation arena be it P&M, L&B and SFA. It not only provides valuation insight but beyond valuation report like arbitration and mediation. Masterclass with Overseas faculties are worth attending to understand about the global trends in valuation and provide confidence to undertake complex instruments valuation assignments.

Mahendra Nath (Batch-II)

Chartered Accountant, RV (S&A),Insolvency Professional and Certified Forensic Auditor

Being a part of IICA Valuation Certificate Programme is a privilege in itself. Faculty and support staff at campus is too good and supportive. There were enough opportunity for each one of us to share our aspect of subject which was helpful in knowledge sharing as well. Kudos to all faculty members & support staff.The experience at IICA’s IVCP programme was extremely fantastic. The course was holistically designed coupled with highly qualified faculty. In person component was very planned and executed.

Vishwajeet Singh Jadon (Batch-II)

BE Mechanical, L&B and P&M Valuer

Attended IICA Valuation Certificate Program after my three decades of practice as a Valuer. Found clarity on all those issues which were difficult and complicated. This is truly a comprehensive Valuation education must do program for practicing valuers, aspiring valuers and valuation service users and regulators. No other place in India could enrich me more on complexities of Valuation. IICA Valuation Certificate Programme is the Best. IICA campus environment, living experience, hospitality and care was great

Sangram Limaye (Batch-I)

B.E. Civil, & Registered Valuer (L&B)

This course has been really well executed; the content related to valuation is great at its place as well this course definitely developed good business acumen towards my own business. It's helpful.

Punithauath. P (Batch-III)

B.E (Civil) MBA (Operational Management)

As a valuer with 20+ years’ experience I find this course very useful to upscale my knowledge and better my practice. These kind of opportunities are rare where education facilities the interaction between SFA’s, LM & PM Valuers which is networking opportunities as well. This course bridges the gap between business valuation and land & building Valuation for me.

Arvind Sharma (Batch-III)

L & B Valuer

IVCP valuation program is one of its kind in the country to expose the participants to the complex field of valuation with underlying principles of Accounting, Finance, Mathematics, Economics, Law and Engineering. This program has broaden my understanding about valuation as a practitioner. I recommend this program to all valuation practitioners as well as users of valuation reports equally to understand the nuances of this field. My best wishes to the faculty & other staff of the program who has provides tremendous efforts to make this a success.

Purnabrat S Das (Batch-III)

M.E Mech., M.Sc., Rev, LLB, B.E Prod., diploma Mech.

This course is very important for all valuation professionals and also business houses in order to have right valuation for all types of assets of business. Extensive coverage, in-depth knowledge backed by scientific methodology is what is delivered by the faculties

H S Arun Kumar (Batch-I)

IBBI Registered Valuer (P&M)

IICA Valuation certificate program is well structured, comprehensive course exclusive for valuation profession with focus on international standards. Interactive sessions from dedicated experts and practitioners, best available eminent speakers from various fields like legal, statisticians, economists, financial accounting and valuation. The valuation course has advantages of both online and campus sessions. National and international exposure with affordable fee. Despite being non-finance background, I could understand concepts & techniques of valuation.

M.V.L. Prasad (Batch-I)

IBBI Registered Valuer (P&M)

The experience with IICA Valuation Course is wonderful. The faculty is best in the world. Interaction with them is enlightening. The schedule timing of classes is convenient and well planned. The syllabus of the subject is very professional and can be used in day to day valuations. Though we are not from financial background the basics were taught to understand the fundamentals to improve the knowledge in Business Valuations. As we are working professionals, busy with our own schedules, we are keen to attend either online classes or recorded classes whenever time permits.

Kaaviya L (Batch-III)

B.E (Mechanical), P & M Valuer

IVCP has filled the vacant space of lack of credible structured education for valuation in international standards. For a beginner/novice like myself, this course has given me the right inputs to upgrade my skill to meet the expectations of the future market. Especially in valuation ones education should be continuous throughout their career, and this course caters to those professionals with top class faculty. The entire course syllabus, mode and method is modern making it suitable for all financial sectors. The course material, faculties and their lectures are definitely the gold standard for valuation.

Nagaraja Emmadi (Batch-II)

Chartered Accountant, RV (S&A), Insolvency Professional

The IICA Valuation course was incredibly insightful and more value addition to valuation professionals. The faculty were very good and they were deep dive into every aspect of the Valuation areas. Felt more equipped than ever to take on the challenges of being a Valuation professional.

R Bhuvana (Batch-I)

Insolvency Professional & Registered Valuer(FA&S)

Came into the course with expectation of learning basics of valuation, right from scratch. Absolutely happy that my objective is fully met. Level-I gave solid foundation on statistics, management and of course valuation related aspects. Level-II has gone into depth of valuation exercise, duly grilling each and every concept into our heads. The faculty are highly dedicated which makes participants feel connected. Kudos to entire team who thought through this course and delivered it in such a structured manner. Co-Participants with exceptional experience & varied exposure is a phenomenal strength for the success of this batch.

Jagdish Kumar (Batch-I)

CA, Registered Insolvency Professional & Registered Valuer (FA&S)

Huge learning experience! I sincerely appreciate the interactions with highly knowledgeable and expert faculty, Inspite of being an online valuation course, I find the virtual sessions to be as participative as a physical classroom.

Sharad Goyal (Batch-I)

CA & Insolvency Professional

I feel that IICA Valuation Certificate Program is a course which is aptly designed and comprehensively covers the whole gamut of valuation arena. Faculties are world class and the participants carry great credentials in their respective fields. IVCP also allows networking and bonding among participants.

Mahendra Nath (Batch-II)

Chartered Accountant, RV (S&A),Insolvency Professional and Certified Forensic Auditor

Being a part of IICA Valuation Certificate Programme is a privilege in itself. Faculty and support staff at campus is too good and supportive. There were enough opportunity for each one of us to share our aspect of subject which was helpful in knowledge sharing as well. Kudos to all faculty members & support staff.The experience at IICA’s IVCP programme was extremely fantastic. The course was holistically designed coupled with highly qualified faculty. In person component was very planned and executed.

CA Veni Thapar (Batch-I)

Board Member, IICA and Former Government Nominee Director, Bank of India

As a sitting board member of this Institute, I am confident that this course will give the world ethical and supremely professional valuers, who will become a very important part of the value chain for any Economy

Dhananjay Chandrakant Walke (Batch-II)

Chartered Accountant, RV (S&A)

The course involves a comprehensive curriculum that covered a wide range of topics related to valuation. What really impressed me was the way the course was organized. It involved a mix of classroom lectures, case studies, group presentations, and exams, all of which were moderated by highly qualified professionals and subject matter experts of the industry. This ensured that we not only understood the theoretical concepts but also learned how to apply them in real-world scenarios. The case studies and group presentations were particularly beneficial, as they gave us the opportunity to work on real-life valuation projects and learn from our peers.

Surendra Narayan Jena (Batch-II)

CA, Dy. General Manager (Fin), NMDC Limited

Thanks to my company for nominating me for IICA Valuation Certificate Program. It is highly remarkable that, the way all the faculties try to complete the course in the prescribed time with the valuable presentation and the examples included during the class. This course i.e Valuation, is very essential for the professionals those who are in the profession of Valuation and even not in the same line. Highly recommended all the professional, at least to our C.A. fraternity, those who are in Services in different sectors or in different areas of practices, to participate in the program and make it highly successful.

CA Thirtha Ray (Batch-II)

Bridge and Roof Co.(India) Ltd., Certified Treasury Manager and Chartered Accountant

IICA Valuation Program is very easy to understand and helps you build a strong foundation to understand the concept of Valuation. It could be the best thing that could happen to you as a budding professional. Here we learned about how the real valuation practitioners does his job and how valuation is done in the real business world. The IICA Valuation Program is a great course that takes you step-by-step into more advance valuation topics.

Thadoju Srikanth (Batch-II)

GAIL India Limited, Senior Officer (F&A-BD)

Huge and useful knowledge from the IVCP program. Feel that the IICA valuation program goes a long way in the valuation domain. IVCP is perfectly designed for deep and conceptual knowledge of valuation. Really enjoyed the curriculum and I would refer this course to anyone who wants to have deeper knowledge in the valuation domain.

Nagaraja Emmadi (Batch-II)

Chartered Accountant, RV (S&A), Insolvency Professional

The IICA Valuation course was incredibly insightful and more value addition to valuation professionals. The faculty were very good and they were deep dive into every aspect of the Valuation areas. Felt more equipped than ever to take on the challenges of being a Valuation professional.

Tarun Baheti (Batch-II)

Chartered Accountant and B. Com

IICA Valuation Certificate Program offers global curriculum taught by eminent world-class faculties. Participants from different fields share views on topics which makes sessions interactive. The course has right blend of theory and practice which helps gain thorough knowledge in various aspects of valuation.

Ankit Goel (Batch-I)

CA, Registered Valuer (FA&S)

It has been amazing learning & humbling experience to be part of IICA Valuation Certificate Program. It is a unique valuation course in the industry that offers advanced level expertise to budding future valuers. The course provides for a thorough & detailed approach to imparting valuation knowledge. Course content is the right mix of theory and practice which is a necessity for a subject like valuation. Faculty is thorough with academic knowledge & practical experience. Classes are interactive and allow students from different backgrounds to exchange their views on valuation where there can be many views on the valuation number for the same circumstances.

CA Shirley Mathew (Batch-I)

IBBI Registered Valuer (FA&S)

IICA Valuation course has been a huge learning experience for me personally and professionally. This valuation course, both in content and delivery has fortified my knowledge and has ingrained deeper insights into the best practices for professional growth. Learning what is needed for sharpening skills, unlearning and relearning what is required for the current market demands in the profession. Kudos to Dr Naveen Sirohi and entire IICA faculty for the passion & commitment to make this happen. I will recommend this online course to anyone who has a serious passion for valuation practice in times ahead.

Chalapathy Rao M (Batch-I)

CA, IBBI Registered Valuer (FA&S)

If IIT is for Technology studies and IIM for Management studies then it is IICA Valuation Certificate Program for Valuation Studies. Authentic Valuation Training. A Must for great Valuation Career.

Rakesh Sahu (Batch-I)

FCA and IBBI Registered Valuer (FA&S)

This course has made us to think and analyse in a different way even for the matter that we assumed to be aware of. The dynamics of our understanding of valuation as a subject matter is changed.

Pankaj Chandak (Batch-I)

CA, Registered Valuer (FA&S)Forensic Auditor

IICA Valuation Certificate Course is perfectly designed for deep and conceptual knowledge of valuation. We enjoy very much this course and learn so many new things and gain more knowledge. Faculty from IICA is awesome and way to teach is superb.

Saurabh Srivastava (Batch-II)

Practicing Chartered Accountant & RV

IICA Valuation Certificate Programme is very extensive programme spread over a year coupled with class room training and campus visit for practical case studies. The course gives knowledge in all spheres of valuation arena be it P&M, L&B and SFA. It not only provides valuation insight but beyond valuation report like arbitration and mediation. Masterclass with Overseas faculties are worth attending to understand about the global trends in valuation and provide confidence to undertake complex instruments valuation assignments.

Mahendra Nath (Batch-II)

Chartered Accountant, RV (S&A),Insolvency Professional and Certified Forensic Auditor

Being a part of IICA Valuation Certificate Programme is a privilege in itself. Faculty and support staff at campus is too good and supportive. There were enough opportunity for each one of us to share our aspect of subject which was helpful in knowledge sharing as well. Kudos to all faculty members & support staff.The experience at IICA’s IVCP programme was extremely fantastic. The course was holistically designed coupled with highly qualified faculty. In person component was very planned and executed.

Rakhee Kar (Batch-II)

Bridge & Roof Co. Ltd., Company Secretary

The IICA Valuation Program is an all in one course for professionals in any field, which enriched and enhanced my career perspective and would surely impact my professional area. I am thankful to professors and learners who have been the part of this course, for sharing your experiences and knowledge. To a wider extent, have learnt many more new things than that what I had known. Would suggest taking up this course by any professional who is eager to have knowledge in valuation.

Ramesh NGS (Batch-I)

MD & CEO, Stock Holding Corporation of India

IICA Valuation Certificate Program is an in-depth informative, practical, experience sharing with real life cases studies shared by both faculties as well as subject market experts. A must attend program for anyone who want to learn the finest aspects & nuances of valuation, it’s real use in day to day fair valuations of business, intangible & tangible assets, goodwill, future potentials, markets etc. It's relevant to freshers as well as experienced valuers.

CA Veni Thapar (Batch-I)

Board Member, IICA and Former Government Nominee Director, Bank of India

As a sitting board member of this Institute, I am confident that this course will give the world ethical and supremely professional valuers, who will become a very important part of the value chain for any Economy

Yash Malik (Batch-II)

Ex-Executive Director, ONGC and Independent Director

Very thankful to IICA for having given me opportunity to understand valuation. Thankful to very experienced and highly skilled faculties. In the campus curriculum and stay was very satisfactory. The knowledge gained will certainly help me in the better understanding of project evaluation & business development area of my company, brought before the board.

Saket Singhal (Batch-II)

MBE and Fellow Actuary

The course contains almost all kind of aspects of valuation and has expended the horizon of valuation to an entirely different orbit. The structuring of the course which included a good & optional mix of classroom lectures, in-person weeks, group presentations, case studies & exams and all of those mentioned lay expects of the respective areas was instrumentals in enhancing the knowledge and experience.

Asheesh Mehrotra (Batch-II)

MBA, Marketing

Before enrolling to the course was bit skeptical about the course content, faculty and whether I would be able to cope up with the course considering I come from a non-financial back ground (Marketing and Sales). However, it was great experience as due care was taken to set the foundation before building up the course momentum. The IVCP course is very exhaustive and covers various dimensions of finance and valuation. Every member at the institute be it course co-ordinator or faculty is very supportive and responsive. I wish all the best to the institute for great success..

Vishal Anand (Batch-I)

MCA, PGEP-Financial Markets, NIFM

IICA Valuation Certificate Program is set to bring in transparency, reliability, scalability and stability to the valuation profession and provide an ecosystem for further research-work in known and unknown areas requiring valuations in the times to come. Faculty and infrastructure are on the anvil to produce and shape future valuation professionals with highest degree of integrity, quality and standards. The above words are not merely the superficial words! They are very deep thought out beliefs of mine!

Dibyendu Chakraborty (Batch-II)

BE (Mechanical) MBA

Entire journey of 12+ months is very enriching experience. Other than the core subjects, special attentions were given on tools, such as, Excel modelling, Statistical analysis ( Excel and STATA). Very much indebted to IICA for giving opportunity to get connected with associated ecosystem. Peer learning from class discussion. Professional networking with high intellectual persons spread over faculty to co-students. Feedback and feedforward system was very strong. Course director himself took lot of interest to calibrate the course based on feedback.

Ramesh NGS (Batch-I)

MD & CEO, Stock Holding Corporation of India

IICA Valuation Certificate Program is an in-depth informative, practical, experience sharing with real life cases studies shared by both faculties as well as subject market experts. A must attend program for anyone who want to learn the finest aspects & nuances of valuation, it’s real use in day to day fair valuations of business, intangible & tangible assets, goodwill, future potentials, markets etc. It's relevant to freshers as well as experienced valuers.

M. Anitha (Batch-III)

MBA (Finance), Director, DIPAM, MoF, GOI

As a stakeholder who uses the valuation report for decision making. I can confidently say that this programme has helped me to make better-informed investment decisions. This program has truly improved my skill set. IICA had meticulously designed this programme to meet the needs of heterogeneous participants e.g. from Registered Valuers to bureaucrats like myself. Also, the participants experience and the challenges faced by them in their valuation endeavors are shared and discussed in the class which is unique to this IVCP. The instructors are exceptional their expertise and industry experience shone through in every lecture is commendable.

Anuj Kumar Singh (Batch-I)

Asst General Manager, Union Bank of India

A very interesting and valuable experience. I learnt a lot and it gave me a good grounding in basic and advance valuation. It really made me think that valuation has a great future. Most important IICA has arranged great faculty who taught us behavioural finance to deep finance theory in easy and practical ways.

Laxmi Abbas Rampurawal (Batch-II)

Assistant General Manager, SEBI

The IVCP offers a lot for new entrants in the valuation field. The best part of this program is that faculties comes with lot of practical experience. Personally feel that this program should also be extended as an offline program. This program also has a value addition for people already working in the field. This was a good course for people practicing valuation.

Surendra Narayan Jena (Batch-II)

CA, Dy. General Manager (Fin), NMDC Limited

Thanks to my company for nominating me for IICA Valuation Certificate Program. It is highly remarkable that, the way all the faculties try to complete the course in the prescribed time with the valuable presentation and the examples included during the class. This course i.e Valuation, is very essential for the professionals those who are in the profession of Valuation and even not in the same line. Highly recommended all the professional, at least to our C.A. fraternity, those who are in Services in different sectors or in different areas of practices, to participate in the program and make it highly successful.

Amol Kshirsagar (Batch-II)

CFA, Senior Vice-President II, HDFC Bank Limited

Program reinforces learnings through practical insights in core subjects. Expert faculties impart concepts with industry examples familiarizing students with application and usage

Thadoju Srikanth (Batch-II)

GAIL India Limited, Senior Officer (F&A-BD)

Huge and useful knowledge from the IVCP program. Feel that the IICA valuation program goes a long way in the valuation domain. IVCP is perfectly designed for deep and conceptual knowledge of valuation. Really enjoyed the curriculum and I would refer this course to anyone who wants to have deeper knowledge in the valuation domain.

Rakhee Kar (Batch-II)

Bridge & Roof Co. Ltd., Company Secretary

The IICA Valuation Program is an all in one course for professionals in any field, which enriched and enhanced my career perspective and would surely impact my professional area. I am thankful to professors and learners who have been the part of this course, for sharing your experiences and knowledge. To a wider extent, have learnt many more new things than that what I had known. Would suggest taking up this course by any professional who is eager to have knowledge in valuation.

Deobrata R Das (Batch-I)

Chief Manager, Union Bank of India

IICA Valuation Certificate Program (IVCP) is probably one of the finest courses in the country on Valuation that has the right theoretical & practical mix that helps us take decisions in an extremely dynamic business world. Excellent pedagogy, top class faculty and peer interaction gives us a learning experience of life time. Master classes with erudite personalities keep us abreast of changing macroeconomic scenarios. Trust me, it meets the requirements.

Priyank J Sanghavi (Batch-II)

BE (Electronics and Communications)

Have been managing own investments since 20 years but never studied valuations in a formal way. This course helped me in removing certain blind spots that I had. The course curriculum is very well designed covering the vast expanse of valuations subjects vis-a-vis multi-disciplinary methods.

Ghanisth Golchha (Batch-I)

Business and Marketing Strategist

IICA Valuation Certificate Program delivers a global curriculum, inculcating origin to expertise that forms the bedrock of the valuation profession. IVCP with its aim to resolve the valuation paradigm by adopting global methodologies converging the ecosystem for future. The valuation course is a model for advanced learning, prioritizing excellence. It's a gateway to a broad and enhanced course view where IVCP can teach the world truly international standards.

Tarun Baheti (Batch-II)

Chartered Accountant and B. Com

IICA Valuation Certificate Program offers global curriculum taught by eminent world-class faculties. Participants from different fields share views on topics which makes sessions interactive. The course has right blend of theory and practice which helps gain thorough knowledge in various aspects of valuation.

Vishal Anand (Batch-I)

MCA, PGEP-Financial Markets, NIFM

IICA Valuation Certificate Program is set to bring in transparency, reliability, scalability and stability to the valuation profession and provide an ecosystem for further research-work in known and unknown areas requiring valuations in the times to come. Faculty and infrastructure are on the anvil to produce and shape future valuation professionals with highest degree of integrity, quality and standards. The above words are not merely the superficial words! They are very deep thought out beliefs of mine!

Anuj Kumar Singh (Batch-I)

Asst General Manager, Union Bank of India

A very interesting and valuable experience. I learnt a lot and it gave me a good grounding in basic and advance valuation. It really made me think that valuation has a great future. Most important IICA has arranged great faculty who taught us behavioural finance to deep finance theory in easy and practical ways.

Frequently Asked Questions

Many. But to keep it short, the most important ones are (a)International connect as the course is aligned to international valuation standards with global faculty and participants (b) Alumni benefit of lifelong learning and networking (c) Practical approach using case studies and interaction with experts and practitioners (d) Exposure to technical tools like Capital IQ, Stata, FIMMDA etc.

No. There is provision of in-person contact teaching for 6D + 6D during Level II and III respectively.

No. But it is recommended.

The online classes shall be scheduled during evening of weekdays and/or over weekends to make it convenient for working executives. Masterclass (especially with an international speaker) may take place at any time, subject to the availability of the expert and the time zone.

Yes. IVCP is an integrated program designed in line with globally best courses wherein all asset categories are covered in single course.

Yes. This is a practical course designed to develop competencies of participants to handle valuation cases.

No. There is no provision of lateral entry into Level II or III.

Yes. The course is open to international participants since most of the delivery is online. For in-person teaching component, flexibility may be given to international participants, on case to case basis.

Yes, but maximum age should be 28 year and applicants should have active student status till the last date of registration.

Applicants registering under student category need to submit scanned copy PAN Card, Aadhaar Card and latest or provisional mark sheet of graduation. After scrutinization of documents, applicant shall receive confirmation email from IICA for registration in the programme.

Yes. Indian participants can pay the fee in two installments. First installment i.e. 50% will be paid at the time of registration. Second installment i.e. remaining 50% will be paid after completion of Level I and before commencement of Level II.

Yes, an additional fee will be levied in case participant opts to pay in installments. The EMI payment scheme remains the same i.e. 50% at the time of registration and the balance payment before commencement of Level 2.

The ratio of paying fee in installments is 50% i.e., first installment and 50 % i.e. second or last installment.

Yes. The course fee includes boarding/lodging during in-person teaching component(campus immersion) on twin-sharing basis.

The payment gateway "PAYU" charges are as follows: PAY U Charges

Payment gateway charges (if any) shall be borne by the participant.

No

No

No. This is a valuation competency development education initiative to help valuers perform better.

If your query is not addressed here, please feel free to get in touch with us.

About IICA

The Indian Institute of Corporate Affairs (IICA) has been established by the Ministry of Corporate Affairs (MCA), Government of India to act as a think tank and a centre of excellence to augment the growth of the corporate sector in India through an integrated and multidisciplinary approach.

The institute has emerged as a leading player in training, capacity building, executive education, advocacy and advisory catering to various cadres, ministries, departments, CPSEs, MNCs, private sector and professionals.

Over the last decade, IICA has contributed immensely on priority initiatives of the Government of India and contemporary issues faced by the corporate sector and professionals like Corporate Governance, Independent Directors, Corporate Social Responsibility (CSR), ESG, Insolvency and Bankruptcy, Financial Reporting, Valuation, Mediation, Arbitration, Business and Human Rights, Investor Education and Protection, Competition Law, Regulatory Governance, MSME, Public Private Partnership (PPP), Start-Ups, Leadership etc.

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About SoFM

School of Finance and Management (SoFM) is engaged in capacity building, education, research, advocacy and advisory on contemporary financial and regulatory issues including banking, finance, financial reporting, leadership, valuation, risk management & allied themes.

The School runs its flagship Accelerated Management Program in Corporate Affairs (AMP-CA) and supports key Government of India initiatives through research, advocacy, and advisory in areas such as financial inclusion, financial literacy, and financial reporting.

The School is also known for launching innovative and thoughtfully curated programs like Financial Intelligence for Directors (FID), Module on Corporate Affairs, Master in Economic and Financial Crimes (MEFC), Certificate Program for New Age Bureaucrats and Public Leaders, Advanced Finance for Finance Professionals (AFFP), Strategic Leadership Module and Certificate Program for Start-Ups.

The School has so far trained 5000+ executives across board level, top management, middle management and entry level / induction through various online, in-person and hybrid programmes.

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