Upasak Shah is Director – Business Valuation at Calipro Advisors. He has more than a decade of experience in valuation, financial consulting and transaction advisory, with particular experience across life sciences, healthcare IT and technology-led businesses.

Upasak advises clients on business valuations, complex securities, financial reporting valuations and transaction-related matters. His technical experience includes the valuation of complex financial instruments and the application of advanced valuation methodologies, including Monte Carlo simulation, binomial lattice models and scenario analysis.

He is recognised for his technical contribution to BVIUK and has spoken on advanced valuation topics including Monte Carlo simulation, binomial lattice models and scenario analysis. His work reflects a strong combination of valuation expertise, financial modelling capability and practical commercial judgement.

Alongside his technical work, Upasak brings an entrepreneurial and practice-building mindset. Before co-founding Calipro Advisors, he co-founded Knowcraft Analytics in India, ACVA India and Finkeepers in the United States, contributing to the development of specialist valuation, advisory and finance-led service platforms.

He has also played a key role in developing valuation capabilities, building teams and mentoring professionals within specialist advisory environments. Earlier in his career, Upasak helped develop EXL’s transaction advisory and complex securities valuation practice.

Upasak holds a Master of Commerce from Gujarat University and a Master of Science in Finance from ICFAI University. He is currently pursuing ASA accreditation from the American Society of Appraisers.