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.
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
"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."
Valuation Research Corporation
"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."
Dhruva Advisors LLP
"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."
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."
Ernst & Young
"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."
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."
Alvarez & Marsal India
"Team RBSA its awesome, proactive. Its always a pleasure working with them."
Transaction Square LLP
"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."
of its staff demonstrated wealth of experience in concluding the assignment with impartial judgment which was entirely done to our management's satisfaction."
National Cement Co. P.S.C
"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."
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."
Hero FinCorp 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."
Himatsingka Seide Ltd.
"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."
Power Grid Corporation of India
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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….
"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."
Karan Sachdeva Manager 
"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."
Kaushal BhavsarPrincipal ConsultantKnight Frank India
"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."
Harsh DhaneshaAsst. Manager – Corporate FinanceBaker Tilly
"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."
Deval ShahPrinciple - Treasury & Investor RelationSymphony Ltd.
"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."
Sudhir ShettySenior ManagerCushman & Wakefield India Pvt. Ltd.
"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."
Karan SinghFounder/ EntrepreneurStartup
"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."
Krunal DalwadiBusiness Finance ManagerFasal
"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."
Gautam Mirchandani Director of OperationsBitro Group
"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."
Amish PatelHead of the Appraisal Dept.Podell, Schwartz, Schechter & Banfield
"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."
Kapil MaheshwariFounding Partner.K-ZEN Advisors
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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!
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.
Sagar Doshi Associate Vice President 
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.
Chetan Khandhadia Managing Director & Head- Transactional Services 
"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. William Hughes Senior Managing DirectorValuation 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. William Hughes Senior Managing DirectorValuation 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. William Hughes Senior Managing DirectorValuation 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. William Hughes Senior Managing DirectorValuation Research Corporation
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Spreading Hope & Happiness
One of the key purpose of our lives is “Spreading Hope & Happiness” in the society. RBSA and our team members contribute to multiple social initiatives, charities and volunteering efforts.
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