Track record

Selected mandates

A sample from completed assignments. Lender names are withheld; mandate values and technical scope are as recorded in our engagement files.

₹10L+ Cr
Cumulative value assessed
50,000+ MW
Generating capacity assessed
40
Projects in the largest monitoring portfolio
7
Countries with completed assignments

Renewable Energy

Serentica Renewables India (KKR & Vedanta Group)

Techno-Economic Viability study across two locations covering 152 MW wind, 500 MW solar and 600 MW of battery energy storage.

TEV Study

Infrastructure

Afcons Infrastructure

Project Monitoring Agency across ten concurrent national mandates including the Nagpur–Mumbai Expressway, Delhi–Meerut RRTS, the Rohtang Pass tunnel and the Mumbai–Pune Missing Link.

Project Monitoring

Construction

Shapoorji Pallonji

Project Monitoring Agency across ten construction projects including CIDCO Navi Mumbai, MHADA and the Karwar Naval Base.

Project Monitoring

Hospitality

The Leela Group

TEV and Lenders’ Independent Engineer mandates across four operating Leela Palace properties following the Brookfield acquisition, plus three new developments at Srinagar, Agra and Bandhavgarh.

TEV · LIE

Aviation · IBC

Jet Airways (India) Limited

IBBI-mandated valuation for the insolvency resolution process.

IBC Valuation

EdTech · IBC

Think & Learn Private Limited (BYJU’S)

Valuation mandate under insolvency resolution proceedings.

IBC Valuation

Power

Reliance Power — 12 hydro-electric projects

Asset valuation of 5,172 MW of hydro-electric capacity across Arunachal Pradesh, Himachal Pradesh and Uttarakhand.

Asset Valuation

Power

KSK Group — 6 × 600 MW thermal project

Asset valuation of the 3,600 MW plant for a consortium of banks led by PFC.

Asset Valuation

Power

Sasan Power (6 × 660 MW), Madhya Pradesh

Asset valuation report of the 3,960 MW ultra-mega power project for a consortium led by State Bank of India, presented under RBI’s 5/25 flexible structuring scheme.

Asset Valuation

Real Estate

Sahara Group — Aamby Valley City, Lonavala

Valuation of the integrated hill-city development.

Valuation

Financial Services

DHFL — lender’s monitoring for State Bank of India

Lenders’ Independent Engineer monitoring of all project-finance cases above ₹50 crore; project monitoring of 36 real-estate projects (₹20,000 crore) pan-India.

LIE · Project Monitoring

Real Estate

Altico Capital India — 80+ projects

Valuation of the lender’s real-estate portfolio across Mumbai, NCR, Bengaluru, Hyderabad, Chennai and Pune for State Bank of India.

Portfolio Valuation

Textiles

Alok Industries Limited

Valuation of all assets for State Bank of India.

Valuation

Real Estate

KKR India Asset Finance — 40 projects

Lender-appointed Project Monitoring Agency (State Bank of India) for the financed portfolio across six cities.

Project Monitoring

Real Estate

Oberoi Realty & Sahana Group — 360 West, Worli

Valuation of the landmark Worli development.

Valuation

Shipping

Bharati Defence and Infrastructure (incl. ships)

Pan-India asset valuation for Edelweiss Asset Reconstruction Company.

Asset Valuation

Hospitality

Hyatt, Surat — 5-star hotel

Valuation for State Bank of India.

Valuation

Steel

ISMT Limited — 4 plants, Maharashtra

Asset valuation for ARCIL.

Valuation

Hospitality

JW Marriott, Bengaluru

Valuation for State Bank of India.

Valuation

Textiles · IBC

Mandhana Industries Limited

IBC valuation for EY Restructuring LLP.

IBC Valuation

International

Ilyas & Mustafa Galadari Group — City of Arabia, Dubai

Feasibility study of a 132-villa residential development in the UAE.

Feasibility

Track record

Largest mandates by value

Eight of the largest single mandates in the portfolio, by value stated in the engagement.

  • Reliance Power₹35,000 Cr
  • Think & Learn Private Limited (BYJU’S)₹28,514 Cr
  • KSK Group₹28,500 Cr
  • Sasan Power (6 × 660 MW), Madhya Pradesh₹25,000 Cr
  • Sahara Group₹25,000 Cr
  • DHFL₹25,000 Cr
  • Afcons Infrastructure₹15,000 Cr
  • Altico Capital India₹14,000 Cr

Values in ₹ crore. Mandates denominated in other currencies are excluded.

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