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36 Building Trust in India%u2019s Valuation ProfessionNowadays, businesses are growing, merging, and adapting at lightning speed. In this direction, a key profession plays a crucial but often overlooked role: the profession of valuation. Whether it is assessing the worth of a company before a merger, determining the fair price of land and property, or understanding the value of machinery used in industries, valuation is the backbone of financial transparency and decision-making that can not just impact cost-cutting but also the overall efficiency of a business operation.This is where the IOV Registered Valuers Foundation (IOV RVF%u00ae) pitches in to make a value system. Formed under Section 8 of the Companies Act, 2013, and governed by a Board of Directors, IOV RVF%u00ae is a recognized Registered Valuers Organisation (RVO) by the Insolvency and Bankruptcy Board of India (IBBI). It is a subsidiary of the Institution of Valuers (IOV), a pioneering institution founded in 1968 by Shri P. C. Goel, often remembered as the %u201cFather of Indian Valuers.%u201d By combining decades of legacy with a forward-looking approach, IOV RVF%u00ae has become a trusted name in training, certifying, and nurturing professional valuers in India.Why is valuation important for the modern business landscape?Before diving into the role of IOV RVF%u00ae, it%u2019s important to understand why valuation is such a critical activity. At its core, valuation means estimating the worth of an asset, be it land, buildings, machinery, financial instruments, or an entire company.Some real-life examples where valuation becomes essential include:%u2022 Buying or selling property: To avoid disputes and ensure fairness, property buyers and sellers need accurate valuations.%u2022 Mergers & Acquisitions: When two companies merge, an independent valuation ensures that both parties understand the true value of the businesses.%u2022 Bank loans & mortgages: Banks rely on professional valuers to assess the value of assets before lending money.%u2022 Legal and taxation purposes: Courts, regulators, and tax authorities often require valuations to settle cases or levy the right taxes.%u2022 Insolvency and bankruptcy proceedings: When a company is struggling financially, valuations help decide how its assets can be fairly distributed.Clearly, valuation affects businesses, individuals, banks, and even the government. For this reason, Section 247 of the Companies Act, 2013 makes it mandatory that only trained professionals certified by recognized bodies can conduct valuations. This ensures accuracy, fairness, and reliability.The Role of IOV RVF%u00aeIOV RVF%u00ae came into existence in order to meet this exact requirement. Its primary goal is to train, certify, and support professional valuers who can provide accurate and reliable valuation services across India.The organization is backed by the credibility of the Institution of Valuers (IOV), which has been at the forefront of developing the valuation profession in India since 1968. With this legacy, IOV RVF%u00ae has been recognized by the IBBI as one of the leading RVOs in the country.The leading edge of the valuation coursesIOV RVF has launched specialized valuation courses, approved by the IBBI. These courses are designed not just to meet regulatory requirements but also to equip professionals with the knowledge and skills they need in the real world.Dr Vinay GoelMD & CEO