High profitability, High Valuation, High IPO price: Avoid Tax Saving Short Term Advise

Valuation of a company defines the value for which hypothetically somebody is ready to buy your company at. The amount of profit a company makes has a direct impact on the valuation which further defines the pre-IPO or the IPO money which can be raised. In an interview with Dr. Vivek Bindra, Dr. Gauravv Mittal emphasised the need for organizations to be transparently declaring their genuine profits and not be pennywise and pound-foolish conventional businessmen tend to show less profits to avoid tax payment and in turn land up with lesser valuation for their company.