Our Journey

“A journey of a thousand miles begins with a single step” – Lao Tzu

RBSA Advisors is a leading independent Transaction Advisory firm with service offerings including Valuation, Investment Banking, Restructuring, Due Diligence, Transaction Tax, Risk Advisory and Litigation Support. The enduring story of RBSA Advisors, as it is known today, began in 1971 with Mr Ramesh B Shah, our Founder Chairman & Mentor, in then a princely but dusty small town, Jaipur read more >>

Our Founder & Chairman
Mr. Ramesh B. Shah during his
early days.

Our Founder Mr. Ramesh B. Shah being admitted as a Fellow of Institution of Valuers in 1971.

Our Founder Mr. Ramesh B. Shah being appointed as Valuer in May, 1971 by Government of India under the Estate Duty Act of 1953.

Our Founder Mr. Ramesh B. Shah being admitted into The Institution of Engineers in January 1974

Preparing Valuation Reports sometime in 1970s

Our Founder Mr. Ramesh B. Shah working in his home office at Jaipur in 1980s

Our Founder Mr. Ramesh B. Shah being felicitated by Shri P. C. Goyal, Honorary General Secretary of The Institution of Valuers in a joint session with The Chambers of Commerce in 1990s

Our Founder Mr. Ramesh B. Shah speaking at a joint session of The Chambers of Commerce and The Institution of Valuers in 1990s

“What has been accomplished is phenomenal and has made a huge difference, but the work is far from over, it’s time to roll up our sleeves and continue this journey with even more dedication. We are 50 years young today; we stand committed to build this firm into an Institution for the next 50 years”.

Ramesh B. Shah

Chairman & Founder

“RBSA is an example of how an old Indian firm has rediscovered & transformed itself by focussing on a niche high end segment of Valuation & Transaction Advisory services market. This is a firm which has grown and thrived while competing with the best in the world. The way ahead for us is very long & promising …it is definitely worth a shot !!”

Rajeev R. Shah

Managing Director & CEO

Clients

We firmly believe that the best way to a secure future is to continually improve and expand our services to our clients. Every day, since 1971, we’ve been devoting our hearts and minds to that goal; and have achieved great success and built lasting relationships with our clients.

We would like to extend our heartfelt appreciation to all our clients for putting their trust in RBSA. We are delighted to share a few words of appreciation shared by our clients

Mr. William Hughes

Senior Managing Director

Valuation Research Corporation

"RBSA has been a very strong Group Member and contributor to the success of Valuation Research Group! The valuation experience and professionalism provided by RBSA has been very welcomed by all of the VRG Group Members as we serve our clients globally. India, Singapore and the Middle East are very significant and growing marketplaces for our clients and the recognized valuation capabilities provided by RBSA has provided a high level of confidence to our clients that they are receiving strong and supportable values."

Mr. Dinesh Kanabar

CEO

Dhruva Advisors LLP

"RBSA has long started the journey of transitioning from being an organization to being an institution. On the assignments that we have worked with RBSA, the quality has been outstanding and we have seen very satisfied clients. In a market where everything tends to be commoditized, RBSA has been able to carve out a niche and ensure that its offering is not commoditized and its deliverable not compromised."

Mr. Abizer Diwanji

Head – Financial Services

Ernst & Young

"It has indeed been a golden period of their lives of which we all professionals have been touched in some form or the other. It is also heartening to know of a domestic firm grow to such levels of professional integrity, competence and credibility based on its processes and dedication to serving various stakeholders that has won them a significant position in the deal space. I have had a personal experience of dealing with them on a client as complex and hence difficult as DHFL where I have seen them deliver with utmost sincerity despite headwinds."

Nikhil Shah

Managing Director

Alvarez & Marsal India

"RBSA is the largest Indian Valuation firm and has built a strong reputation across sectors for providing objective and independent perspective. Due to this they are one of the go-to Valuation firms used in insolvency cases. Our experience working with them on the Essar Steel insolvency case was the largest resolution achieved in India."

Mr. Girish Vanvari

Founder

Transaction Square LLP

"Team RBSA its awesome, proactive. Its always a pleasure working with them."

Mr. Johar A. Abbasi

Financial Controller

National Cement Co. P.S.C

"We are elated to have engaged RBSA for the Valuation of our company assets. The interaction of its staff demonstrated wealth of experience in concluding the assignment with impartial judgment which was entirely done to our management's satisfaction."

Mr. Jayesh Jain

CFO

Hero FinCorp Ltd.

"My relationship with RBSA has been very old, may be around 15 years. It started from GRUH, then PNB Housing and now with Hero FinCorp. Over these years, I have developed a great partnership with RBSA Team and am elated to have chosen RBSA as one of the key associations."

Mr. Rangaraj Komandur

CFO

Himatsingka Seide Ltd.

"We are extremely satisfied with the service delivered to us by RBSA in the assignments that we have worked with you. We admire your integrity (and the reputation that you enjoy because of it), professionalism & thorough intellect."

Mr. Taj Mukarrum

Director (Finance)

Power Grid Corporation of India

"I am confident that this outstanding milestone of Golden Jubilee reflects Vision & Commitment of the Management team as well as hard work & dedication of the employees."

Alumni

We thank our Alumni for their contribution for helping us reach where we are today. Our lives have been mutually enriched by our journey together. Most of our Alumni have reached prominent positions in their chosen professions. We are delighted and proud of their continuing success and achievements. Here are some select stories….

Gautam Mirchandani

Director of Operations

Bitro Group

Hackensack, NJ, USA

"I am indeed fortunate to have spent 11++ years at RBSA & contributed in the transition where “my firm” R. B. Shah & Associates emerged from it’s cocoon to metamorphosize itself to RBSA Advisors."

Amish Patel

Head of the Appraisal Dept.

Podell, Schwartz, Schechter & Banfield

New York, USA

"RBSA is a Professional firm with a Personal touch and respect. I have experienced this personal touch and respect amongst the Team RBSA even under adverse and strict time-bound and pressure cooker situations. RBSA strives to be a HAPPY PLACE under every situation. This is the unique quality I have enjoyed and experienced with RBSA which is rare to find anywhere else."

Kapil Maheshwari

Founding Partner

K-ZEN Advisors

New Delhi, India

"Numerous Memories. The flexibility to call a spade A SPADE to the Client. But the best things generally are at leisure – so the last Goa trip with colleagues."

Karan Sachdeva

Manager

PricewaterhouseCoopers Pvt. Ltd.

Gurgaon, India

"It was an unmatchable learning experience way beyond any classroom session. RBSA has been able to attract top talent which is reflected in the various league tables in the market."

Kaushal Bhavsar

Principal Consultant

Knight Frank India

Ahmedabad, India

"RBSA has provided a strong foundation to my professional career and my tenure with them has been instrumental in shaping my professional and personal growth. I have been fortunate to work under the leadership of Management team during my tenure with the firm."

Harsh Dhanesha

Asst. Manager – Corporate Finance

Baker Tilly

Dubai, UAE

"RBSA has given the perfect start to my career in Transaction Advisory domain, received my first hands on practical exposure on learning business Valuations and financial modeling. I feel blessed to have worked with the RBSA and thankful to the kind of colleagues and experience I got during my tenure. I was fortunate enough to get an exposure to interact with clients at CEO and CFO levels."

Deval Shah

Principle - Treasury & Investor Relation

Symphony Ltd.

Ahmedabad, India

"I feel grateful for being part of a thriving company and its ongoing prosperous journey. I dearly wish that RBSA keeps on achieving new milestones and appears more frequently in business newspaper."

Sudhir Shetty

Senior Manager

Cushman & Wakefield India Pvt. Ltd.

Mumbai, India

"One of the best learning period in my Career. Going on Business Development with Gautam or Rajeev was in itself a great learning experience."

Karan Singh

Founder/ Entrepreneur

Startup

Gurugram, India

"The seniors at RBSA were helpful and never for a moment, I felt any hesitation before approaching them for any doubts or support. RBSA is a firm where the "Open Door Policy" really existed."

Krunal Dalwadi

Business Finance Manager

Fasal

Bangalore, India

"The exposure and experience I got with RBSA has helped me to become the person I am today. It is very crucial for any young professional to get the right break in his/her career and I'm very thankful to RBSA for giving me this opportunity."

Team RBSA

We firmly believe in the philosophy that “our People are our biggest Assets”. We take pride in our family of more than 250 professionals who embody our culture and values. This is the RBSA family which demonstrates a shared vision and passion to build a firm for the next 50 years!

Ravishu Shah

Managing Director & Head- Financial Advisory Services

"Completion of 50 years symbolises the strength of the foundation on which the firm is built. I sincerely admire the vision of the founding team, collaborative culture, integrity & ethics, mutual trust & respect, willingness to adapt and invest in people, practises & processes and dedication of the operating team. Wishing the RBSA family the very best in their growth journey ahead."

Manish Bohra

Vice President

“RBSA’s successful journey of 50 years manifests the inspiring vision and value system of the founding partners, their commitment to integrity and ethics powered by absolute professionalism makes me feel proud to be part of the RBSA family.”

Neha Ghelani

Associate Director

“The man is an institution in himself “Rajeev Shah” and his dream & vision of RBSA has made it what it is today! Few words to sum it up for this wonderful 50-year old organisation - Integrity and values come first; Opportunities given in abundance; Freedom to perform the best; Learning that never stops; Candour to speak your heart; Imbibes an entrepreneurial spirit in it’s people; Leadership driven by ownership and accountability.”

Nilesh Gholap

Associate Vice President

"3 words to describe my career Journey at RBSA – Upward, Learning, Evolving. "

Ashok Gulla

Partner

A leading financial services conglomerate with 50 years of achievement, starting from Valuation to now having added the complete transaction advisory circle offerings.

Suchismit Ghosh

Managing Director

At RBSA we play not to win but to enjoy and have fun for when you have fun and enjoy, you win!

Sonali Agarwal

Associate Vice President

Being associated with RBSA for more than a decade says it all “Trust, Value, Integrity & Compassion”, I have got so many opportunities in this firm, which unleashed potential I did not even know I had. Happy to be part of the RBSA family.

Kumar Rajan

Partner

Completing 50 years is not only a milestone, it is result of hard work , dedication and great vision. RBSA has set an exemplary standard for all of us by work ethics and culture.

Kalpesh Sureja

Assistant Manager

Congratulations on the 50 marvellous years. Wishing a great journey ahead for the next 50 years.

Jigar Kothari

Vice President

"Durability, reliability and ethics are attributes that make a company successful. I feel proud to be a part of the firm's 50th anniversary. I am thankful to all my present & past colleagues who have been with me in this journey. This is the beginning to the upcoming decades. "

Manish Kaneria

Managing Director & COO

Feeling proud to witness the growth of an Indian firm making its own niche in a market dominated by multinational giants. We are committed to serve our clients with Quality and Integrity as always.

Alok Bose

Partner

Good People doing great work.

Nitin Mukhi

Associate Director

I am delighted to be part of this glorious organization. Special thanks to Mr. Rajeev Shah, for all the knowledge and wisdom he has shared with me.

Jignesh Shah

Associate Director

I am excited to part of the glorious 50 year Journey of RBSA. The mentorship under RB Shah Sir has had a positive impact on me both professionally & personally. I cherish every moment of my time spent at RBSA. Continue with the Good Work !! All the best !!

Pardeep Sethi

Partner

I am fortunate to be a part of the RBSA family. To me, RBSA stands for a highly professional organisation led by visionary and committed leaders with a clear thought process, they keep their doors open to new idea irrespective of the level in the hierarchy they have come from, reposes trust and allows its employees to develop to their potential.

IshaanAyer

Associate Vice President

I had direction in life, but RBSA gave me the platform to shine. My journey here has been a fulfilling experience both professionally and personally. Going strong, and wishing the same for the future.

Bhavik Vora

Vice President

I would like to congratulate the RBSA team on the 50th year of our Founding. Best wishes to RBSA for more exciting and successful years ahead. When I think of my journey with RBSA I feel time flew. All these experiences have had a positive impact on my personal and professional development. Looking forward to more exciting years with RBSA.

Dattatraya Kota

Associate Vice President

Many Congratulations to Team RBSA for completing 50 years !!. Certainly, 2021 will be a celebration year for all of us. Proud moment for RBSA being an Indian firm achieving this great milestone and many more to come. This journey would have not been possible, without support and guidance from colleagues & seniors.

Jayesh Makwana

Manager

My journey with RBSA has been fantastic and I am grateful for the opportunities provided, giving the right direction to my career, guiding me to achieve overall development not just professionally but personally as well. I have learned a great deal here and share exceptional camaraderie with all my colleagues. Looking forward to many more wonderful years together.

Sandesh Trivedi

Director

Our firm has successfully accomplished one of the most difficult challenges in the industry - remaining ethical. I am proud to be part of RBSA, which has successfully made the leap from being a founder-run organization to a scalable enterprise. It’s not just our corporate anniversary, it is the anniversary of a family that grew strong defying all odds.

Manoj Kaushal

Vice President

Proud moment to be part of RBSA's 50th anniversary....On this occasion I cherish the joyful journey with its core belief in value system and focus on integrity , commitment and analytical rigour. May the journey of consulting success grow in the coming years and many more success stories will be written in future.

Nachiket Kadu

Vice President

"RBSA provides a productive atmosphere, employees have a sense of camaraderie, cooperation, and empowerment. Healthy competition exists between colleagues! Over the years RBSA has grown into a full transaction services firm due to its core values, committed employees and vision & desire of the management. "

Ravi Loonkar

Partner

RBSA signifies professional excellence and integrity. Moreover, it allows the 'space' which professionals like us who have worked in senior roles in Banks/ FIs look for. It's pleasure to be associated with the RBSA family.

Rachana Kothari

Associate Director

RBSA’s growth journey to the top in the league tables has been a result of not just the ability to expand into existing services but also the agility to expand into other areas of practice. It has been an enriching experience working with the RBSA family.. Kudos to entire Management Team.

Mitali Shah

Managing Director & Head- Banking Advisory Services

RBSA's success proved the proverb ‘change is inevitable and a continuous process’. RBSA's growth reveals that we are always at the right place & at the right time.

Shivang Soni

Manager

"Since the beginning of my journey I knew it would be an exciting one, but what I didn’t realize is, how many varied experiences, how much value and unforgettable memories this journey would entail. "

Ravi Mehta

Managing Director & Head - Transaction Tax

The coming decade belongs to India and RBSA is on a similar growth path. The Firm’s philosophy of delivering Quality with Integrity and depth are its key differentiators that will continue facilitating its growth – both vis-a-vis Clients as well as People – going forward. These values also form the backbone of Transaction Tax practice that I lead, and hence, tempted me in joining hands with Rajeev to collaborate in the Firm’s growth journey.

Sumit Kumar

Director

The firm allows an individual to strike a fine balance between professional integrity, technical competence and personal fulfilments. Helping individuals develop into all rounded professionals!!!

Sagar Doshi

Associate Vice President

There are no secrets or shortcuts for success. It is the result of preparation, hard work, and learning from failure and RBSA truly believes in it. It’s been a great journey with RBSA till date. Success is how high you bounce after you hit the ground.

Chetan Khandhadia

Managing Director & Head- Transactional Services

With the Indian economy poised to grow substantially, I am very enthusiastic and optimistic about RBSA and our Transaction Services practice. We have an experienced financial and tax due diligence team, who owns this practice with team cohesiveness and with a complete transaction focused mind set and solution based approach. Besides, RBSA is a good platform with better and purposeful culture, which is beyond title and financial numbers, which takes care of both physical and mental health of people and brings a sense of culture in liking in what they do.

Sweety Solanki

Associate Vice President

"Working with RBSA for more than 12 years, feels like family now, it has been a great experience, and being a people driven frim, they value their people more than anything else. I have received immense support and guidance from the Management both personally and professionally. Congratulations!! This is just the beginning, many more successful decades to come."

Our Journey

Celebrating 50 years

Clients

Alumni

Team RBSA

Spreading Hope & Happiness