About Vastukala

Our story

From a drawing board in Nanded to a valuation firm

Vastukala began in 1989 in Nanded, Maharashtra, as an architecture and engineering firm. Its founder, civil engineer Sharadkumar B. Chalikwar, named it Vastukala Architects & Engineers — vastukala is the Marathi and Hindi word for architecture — and its first work was designing buildings.

In 1990 the Maharashtra State Co-operative Housing Finance Corporation appointed him to its panel of valuers. Knowing how a building is designed and put together, and what it costs, is the heart of valuing one, and banks and housing-finance institutions kept coming back. Assignment by assignment, valuation grew into the firm's main discipline.

In 2002 the firm opened in Mumbai, and in 2010 it was incorporated there as Vastukala Consultants (I) Pvt. Ltd. Offices in Aurangabad and Delhi NCR followed. When India introduced Registered Valuers in 2017, the directors registered with the Insolvency and Bankruptcy Board of India — for Land & Building in 2018 and Plant & Machinery in 2019.

Lenders' questions go beyond value: will a project work, and is the money being spent as planned? To answer them, the firm added Techno-Economic Viability studies and Lender's Independent Engineer services. Today registered valuers, chartered engineers, architects and chartered accountants work on the same assignments, and reports are signed by valuers registered for the asset class concerned. The drawing board is still there, too — architecture, interiors and structural engineering remain part of the work.

Valuation report charts and analysis on a desk

Milestones

Since 1989

1989
Founded in Nanded
Sharadkumar B. Chalikwar establishes Vastukala Architects & Engineers.
1990
First valuer panel appointment
Empanelled as valuer by the Maharashtra State Co-operative Housing Finance Corporation.
2002
Mumbai office
Vastukala Architects & Engineers opens in Mumbai.
2010
Incorporated in Mumbai
The firm becomes Vastukala Consultants (I) Pvt. Ltd.
2011
Aurangabad office
An office opens in Aurangabad (now Chhatrapati Sambhajinagar).
2017
Delhi NCR office
An office opens in Delhi NCR.
2018
IBBI Registered Valuers
Directors register with the Insolvency and Bankruptcy Board of India as Registered Valuers — Land & Building from 2018, Plant & Machinery from 2019.
2025
ISO 9001:2015 and IBA ASM panel
ISO 9001:2015 certification, and empanelment on the Indian Banks' Association's panel of Agencies for Specialised Monitoring.

How we work

Our approach

Independent
We report to the appointing bank, authority or client and state our basis, premise and assumptions openly.
Independent
- Report addressed to the appointing party
- Basis of value and premise stated
- Assumptions and limitations set out
- Facts stated as found on inspection
Inspection first
Every asset is physically inspected; values are never based on documents alone.
Inspection first
- Physical inspection of every asset
- Measurement on site with laser instruments
- Documents checked against what is on site
- Site photographs with the report
Registered professionals
Valuations are signed by valuers registered for the relevant asset class, with numbers you can verify.
Registered professionals
- Valuers registered for the asset class
- Registration numbers stated so you can verify them
- IBBI Registered Valuers on the team
- Chartered Engineers for engineering certificates
Multidisciplinary
Valuers, engineers, architects and chartered accountants work on the same assignment where it needs them.
Multidisciplinary
- Engineers for inspection and measurement
- Chartered accountants for financial review
- Architects for plans and drawings
- One team where an assignment needs several disciplines

Our team

A multidisciplinary team

Technical and managerial team by qualification, as filed with State Bank of India in August 2026.

M.Sc. in Real Estate or Plant & Machinery Valuation: 9; M.Sc. in Real Estate or Plant & Machinery Valuation
Engineering graduates and postgraduates (civil & mechanical): 17; Engineering graduates and postgraduates (civil & mechanical)
Diploma holders in civil engineering and architecture: 11; Diploma holders in civil engineering and architecture
Chartered accountants: 6; Chartered accountants
Architect (B.Arch.): 1; Architect (B.Arch.)
MBA and LL.B. graduates: 3; MBA and LL.B. graduates

Reports are prepared on Real Value, an in-house valuation platform available on web and mobile.
Site teams carry laser measuring instruments for accurate measurement of land and buildings.

Leadership

The people behind Vastukala

Directors and regional heads, with their registrations and memberships — each linked to a full profile.

Founder · Chairman & Managing Director

Sharadkumar B. Chalikwar

A civil engineer (B.E., 1984) and Chartered Engineer since 1990, Sharadkumar Chalikwar founded Vastukala Architects & Engineers in 1989. He is an IBBI Registered Valuer for Land & Building, a registered valuer with the Income Tax Department for land & building and plant & machinery, and a Fellow of the Institution of Valuers and of the Institution of Engineers (India).

IBBI · Land & BuildingIncome Tax · Land & BuildingIncome Tax · Plant & MachineryIOV · Land & BuildingIIV · Plant & MachineryPVAI · Land & BuildingChartered EngineerIEI · Fellow

Full profile

Empanelments

Banks & financial institutions

Banks and institutions that have empanelled Vastukala and its valuers.

State Bank of India — Valuer — Mumbai (Metro) & Maharashtra Circle
Bank of India — Valuer — Mumbai North, Mumbai South and Nagpur zones
Bank of Baroda — Valuer — Mumbai Zone
Punjab National Bank — Valuer — MCC Nashik; Zonal Office Mumbai
Canara Bank — Fixed assets valuer — Mumbai Circle
Union Bank of India — Approved valuer — Regional Office Nashik
Central Bank of India — Panel valuer — Regional Office Mumbai South
Indian Bank — Panel engineer / approved valuer — Zonal Office Mumbai South
IDBI Bank — Approved valuer
Indian Overseas Bank — Valuer
Bank of Maharashtra — Valuer — Zonal Office Indore
Indian Banks' Association — Agency for Specialised Monitoring (ASM)
The Cosmos Co-op. Bank — Valuer
SVC Co-operative Bank — Valuer (re-empanelment)
Janata Sahakari Bank, Pune — Valuer
UCO Bank — Valuer — Mumbai Zone
Axis Bank — Valuer — Latur
Shinhan Bank — Valuer — Mumbai
Debts Recovery Tribunal, Mumbai — Panel valuer — DRT I, II & III
Janaseva Sahakari Bank (Borivli) — Valuer

All trademarks and logos are the property of their respective owners and are shown only to identify panel relationships.

Credentials

Every registration can be checked

Each valuer's registration number links to the official IBBI register, so lenders, insolvency professionals and courts can confirm it independently. Last checked on 8 Oct 2026.

All registrations

IBBI register

7 registrations

From a drawing board in Nanded to a valuation firm

Since 1989

Founded in Nanded

First valuer panel appointment

Mumbai office

Incorporated in Mumbai

Aurangabad office

Delhi NCR office

IBBI Registered Valuers

ISO 9001:2015 and IBA ASM panel

Our approach

Independent

Inspection first

Registered professionals

Multidisciplinary

A multidisciplinary team

The people behind Vastukala

Sharadkumar B. Chalikwar

Banks & financial institutions

Every registration can be checked

Tell us what needs valuing

Send an enquiry