Track record

Selected mandates

A sample from over 30,000 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)

₹4,600+ Cr

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

₹15,000 Cr

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

₹13,730 Cr

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

Project Monitoring

Hospitality

The Leela Group

₹4,500 Cr

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

₹5,376 Cr

IBBI-mandated valuation for the insolvency resolution process.

IBC Valuation

EdTech · IBC

Think & Learn Private Limited (BYJU’S)

₹28,514 Cr

Valuation mandate under insolvency resolution proceedings.

IBC Valuation

Power

Reliance Power — 12 hydro-electric projects

₹35,000 Cr

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

₹28,500 Cr

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

₹25,000 Cr

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

₹25,000 Cr

Valuation of the integrated hill-city development.

Valuation

Financial Services

DHFL — lender’s monitoring for State Bank of India

₹25,000 Cr

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

₹14,000 Cr

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

₹10,050 Cr

Valuation of all assets for State Bank of India.

Valuation

Real Estate

KKR India Asset Finance — 40 projects

₹8,150 Cr

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

₹8,000 Cr

Valuation of the landmark Worli development.

Valuation

Shipping

Bharati Defence and Infrastructure (incl. ships)

₹4,428 Cr

Pan-India asset valuation for Edelweiss Asset Reconstruction Company.

Asset Valuation

Hospitality

Hyatt, Surat — 5-star hotel

₹1,991 Cr

Valuation for State Bank of India.

Valuation

Steel

ISMT Limited — 4 plants, Maharashtra

₹1,268 Cr

Asset valuation for ARCIL.

Valuation

Hospitality

JW Marriott, Bengaluru

₹1,042 Cr

Valuation for State Bank of India.

Valuation

Textiles · IBC

Mandhana Industries Limited

₹1,000 Cr

IBC valuation for EY Restructuring LLP.

IBC Valuation

International

Ilyas & Mustafa Galadari Group — City of Arabia, Dubai

AED 550 M

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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