Shri Murugesh R Nirani, Minister of Karnataka Large & MSME Industries accepted Honorary Fellow Membership of Institution of Valuers

Institution of Valuers (IOV) organises Indian Valuers Congress (IVC), annually which is a bench marking platform in the careers of Valuers from all over India and overseas.

This year, 52nd Indian Valuers Congress (IVC 2021) was celebrated on 3rd & 4th December, 2021 at Bengaluru in hybrid mode focussing on “Transforming the Valuation Eco System” in association with Insolvency & Bankruptcy Board of India (IBBI) and IOV Registered Valuers Foundation (IOV-RVF).

The inaugural session was graced by the physical presence of Shri Murugesh R Nirani, Hon’ble Minister of Large & MSME Industries, Karnataka as a Chief Guest and Dr. M.S. Sahoo, Former Chairperson, IBBI as a Guest of Honour.

The hon’ble Chief Guest, Shri Murugesh R Nirani in his special address appreciated and highlighted the major role being played by IOV and valuers in the future of the state's financial growth vis a vis overall economic development. The hon’ble minister invited the valuer’s fraternity to explore entrepreneurial opportunities and create employment for the benefit of Valuation fraternity vis a vis society at large.

Dr M S Sahoo delivered a Key Note address on the theme of IVC 2021 i.e Transforming the Valuation Eco System. He mentioned that the four elements (NIV, Valuer Institutes, VPOs and RVs) and four pillars (academic backing, valuation standards, technology, and reputation) will surely make the valuation ecosystem robust and boost the growth of market for valuation services.

The Hon’ble Chief Guest, Shri Murugesh Nirani not only launched the IOV mobile app for android & IOS users but also accepted the Honorary Fellow Membership of Institution of Valuers.

Shri Vinay Goel, Hony Gen Sec, IOV highlighted that IOV has been conferred with “Brand Impact Award” by Indian Achievers' Forum & CSR Times.

IOV also awarded the valuers for their outstanding performance towards the profession of Valuation and Branches of IOV for overall performance of Branch.

IOV remains in regular touch with its members through its Monthly Journal named as “Indian Valuer” since 1969 without a break, since then. To motivate the authors, IOV also awarded few of them on the merit of the articles.

Dr R. Narayanaswamy, Retired Professor, Indian Institute of Management gave the special address on “Future of Valuation Profession in India”. Mr Alexander Aronsohn, Director of Technical Standards Board, IVSC delivered the P.C. Goel Memorial Lecture on Emerging Role of ESG in Valuations. Mr Wolfgang Kälberer, Member of the Steering Committee, HypZert GmbH talked about updated Implementation of a Prudent Value for Real Estate Valuation in line with the Basel III Requirements. All 3 eminent speakers graced the event through video conferencing.

In line with our Hon’ble Prime Minister’s view on Transformation, Reformation and Inclusivity, this year’s conference experienced technical sessions covering 40 topics involving eminent speakers participating across the globe, focussing on following parameters: -

1. Standards Compliance & Safeguards for Valuers
2. New Avenues in Valuation
3. A Perspective on Need for Valuation Education
4. Valuation Profession in Nepal
5. Valuation of Unregistered Land
6. Practical Approaches of Valuation
7. Technological Interventions in Valuation Services
8. Effective Aspects in Valuation

Mr Debajyoti Ray Chaudhuri, MD & CEO, National E Governance Services Ltd (NeSL); Mr K Raghu, Former President, ICAI; Dr. Venugopal K R, Vice Chancellor, Bengaluru City University and Dr Naveen J Sirohi, Associate Professor, Indian Institute of Corporate Affairs (IICA) had an intensive discussion with their presence in person.

The IVC 2021 was not limited to impart education in valuation but also extended for a cultural evening at the end of first Day.

Second day started with the addresses of global experts through video conferencing. Vr Devendra Kumar Shrestha, SAARC Partner deliberated on Valuation Profession in Nepal. Dr Mike McDermott, International Land Policy, Legal, Institutional and Valuation Consultant gave his address on Valuation of Unregistered Land.

Vr Sunil Agarwal, IOV Council Member; Vr. Rajeev R. Shah, Managing Director & CEO, RBSA Advisors; Mr Pankaj Kapoor, Managing Director, Liases Foras and Mr Sudhakar Vijayasarathy, Founder & CEO, Evalo are few names out of the long list of eminent speakers.

Valedictory Session of IVC 2021 was graced with the presence in person of Mr Rajesh Kumar Gupta, Chief General Manager, IBBI and Mr. Vijay Kumar, Circle Head (Bengaluru East), Punjab National Bank.

Dr. Sanjay Kumar Pandey, Adviser (Law) & Head, Advocacy Division, Competition Commission of India (CCI) and Mr C L Ghosh Deputy Secretary, Department of Investment and Public Asset Management (DIPAM) graced the valedictory session through video conferencing. The panel of eminent experts had a deliberate discussion on the Disinvestment - Govt Perspective on Valuation.

IVC 2021 was very well organised with automated Check-in and issuance of Participation Certificates using latest technology. The event was attended by more than 700 participants from all over India and abroad, has created remarkable achievement of IOV.

Institution of Valuers
Plot No. 3, Parwana Road,
Adjacent to Bal Bharti Public School,
Pitampura, Delhi - 110 034

Institution of Valuers (IOV) is one of the pioneer organisation in valuation profession and is amongst the top five Valuers Association of the world. The main objective of the IOV is to provide highly educated and experienced technocrat as a Valuer to the society. Founded in the year 1968, IOV has its Headquarters in New Delhi with over 52 Branches spread all over India. Presently with a membership reaching about more than 30,500 Valuers of different classes of assets, IOV is one among the world’s leading Professional bodies and also a member of the International Valuations Standards Council (IVSC).

This release was published on openPR.