How valuations are quoted locally
Indian businesses are usually priced on EBITDA, and results are reported in Indian rupee (INR).
- Growth rates are a larger part of value than in mature markets, so DCF weighting is usually higher.
- Promoter-related transactions and personal expenses need thorough normalisation.
- Formalisation of records under GST has improved the reliability of reported revenue.
Who buys businesses here
- Domestic strategic acquirers
- Private equity and growth capital funds
- International entrants seeking local presence
What commonly reduces the price
- Unrecorded cash transactions cannot be valued — only documented earnings support a price.
- Related-party loans and guarantees must be untangled before equity value is calculated.
Whichever market you are in, the underlying discipline is the same: normalise earnings, apply several methods, and weight them by how well each fits the business. See our twelve valuation methods for the full detail.