Business Case Studies, Financial Management & Corporate Finance Case Study, Max Software Services

print page
Tell A Friend

Case Categories

Financial Management & Corporate Finance Case Study

Case Title:

Max Software Services: Relative Valuation

Publication Month & Year : July 2009

Authors: Manish Agarwal & D. Satish

Industry: Software

Region: India

Case Code: FM0014

Teaching Note: Available

Structured Assignment: Available


This case study is primarily written to explicate the concept of Relative Valuation. It is widely used by venture capital and private equity firms. It is one of the frequently used methods in valuing companies in all economic conditions, especially in valuing unlisted companies. This case study lucidly explains the concept of relative valuation with the help of multiples of top four Indian IT players (TCS, Infosys, Wipro and HCL Tech) to find out the true value of the privately held Max Software Services. This case study also provides adequate background data of the companyto discuss each multiple used in relative valuation.

Pedagogical Objectives:

  • To understand the superiority of relative valuation when compared to other forms of valuation
  • To understand and interpret each of themultiples used in relative valuation
  • To understand how to estimate the value of private companies.

Keywords : Relative Valuation; Global Financial Crisis; International Financial Markets; Indian Stock Market; NASSCOM; Financial Management; Managerial Finance; Corporate Finance; MBA; Finance for Managers; Principles of Financial Management; Business Finance; Course Case Maps; Financial Management Course Case Pack; Financial Management Course Case; Course Case Packs

Recently Bought Case Studies

    Recently Bought Case Studies

    Executive Interviews

  • Al RiesAl Ries

    Chairman of Ries, an Atlanta-based marketing strategy firm
    Speaks on Brands and Branding
  • Michael BrimmMichael Brimm

    Prof. Michael Brimm is Emeritus Professor of Organization and Management at INSEAD.
    Speaks on Managing Complexity
  • W Chan Kim & Renee MauborgneW Chan Kim & Renee Mauborgne

    Co-Founders and Co-Directors of the INSEAD Blue Ocean Strategy Institute.
    Speaks on Blue Ocean Strategy
  • View All Executive Interviews»

Contact us: IBS Case Development Centre (IBSCDC), IFHE Campus, Donthanapally, Sankarapally Road, Hyderabad-501203, Telangana, INDIA.
Mob: +91- 9640901313,

©2020-2025 IBS Case Development Centre. All rights reserved. | Careers | Privacy Policy | Terms of Use | Disclosure | Site Map xml sitemap