Shri P. C. Goel Founder of the Institution of Valuers
His journey of life began in 1926 when he was born in a humble family, residing in Jammu at that time. His father was a civil engineer himself and was deputed on Jammu-Srinagar Highway projects. He spent his childhood in Shahabad, Shehzadpur, and Jammu Kashmir, before he finally settled in Delhi. A keen and observant child, he was also curious and often accompanied his father on sites. This motivated him to take up this profession
His journey of life began in 1926 when he was born in a humble family, residing in Jammu at that time. His father was a civil engineer himself and was deputed on Jammu-Srinagar Highway projects. He spent his childhood in Shahabad, Shehzadpur, and Jammu Kashmir, before he finally settled in Delhi. A keen and observant child, he was also curious and often accompanied his father on sites. This motivated him to take up this profession. He started his career as a professional in Architecture and Engineering services after acquiring the requisite qualification from England in the 1950s. He started the voyage with a small office at home where he held his small meetings with the founder group of only eight members. Engrossed in the process of achieving his dream, he went on to the extent of inviting Late Pt. Jawaharlal Nehru, Hon'ble first Prime Minister of India, to become a Patron of the Institution, to which Panditji humbly accepted. His commitments, prompt and speedy decisions, timely actions, foresightedness and curiosity to experiment more and share his knowledge with people around him, drove him to adopt an absolutely new emerging profession of "Valuation". In those days, this field was not recognized. His desire to take Valuation to the heights motivated him to launch the "Institution of Valuers" on 2nd October 1968, which is also celebrated as the birthday of Mahatma Gandhi and our Lal Bahadur Shastri. With a minimal number of valuers in the country, it was a mammoth task to weld them into a fabric of an Institution. With commitment and passion towards the profession, he single-handedly continued to boon the valuers who were not only scattered but out of easy reach with limited telecommunication and postal facilities. The Institution of Valuers registered under the Societies Act XXI, 1860, had its first council of nine members led by President- Brig. Anant Singh, Hon'y Secretary- Shri. P.C. Goel, Treasurer- Shri. K. Rajinder Singh and a team of six valuable valuers. Bombay, Calcutta and Madras were decided to be the Regional Centres of the Institution. The Indian Valuer Journal, started by Shri. P.C. Goel had a thoughtful and selected Editorial Board. He encouraged distinguished valuers to become members of the board. These outstanding valuers, by their profound knowledge and writing skill, enriched the Theory and Practice of Valuation. The writers were handpicked by Shri. P.C.Goel. He himself was a noted Editor. He could effectively express his thoughts with few words. The careful selection of contents, the Articles, the News, and Notes became very useful to the Fraternity. The Journals were available in cloth bounded volumes every year, as well as special issues of National Conventions. Also, he declared that among the articles published in the "Indian Valuer", the writer of the paper adjudged as the best was entitled to receive a "Gold Medal" to be awarded annually by the Council. He encouraged the Zonal Centres and local chapters for knowledge sessions periodically. Innovatively the IVC (Indian Valuers Congress) was organized annually under his leadership, where eminent speakers shared their knowledge with everyone. This was indeed a benchmarking platform in the careers of Valuers from all over India. Today, the IVC is marking India's presence in the valuation field globally by showcasing the profound impact on current practices of the valuation profession. The humble beginning of the Institution transpired into a Nationwide Institution encompassing a huge number of 52 branches with over 30,000 members. It took almost 50 years of struggle of the determination of a single man to bring IOV to the present state, a dream IOV RVF as the ultimate achievement. It became the single largest name in the field of Valuation, not only in India but the third single largest name across the world. Governments, Regulators, Societies, and other professional firms, not only from India but from many other parts of the world, look up to cross-platform participations and representations with IOV.
