Company lists
The Mumbai edition · 2026

Brokers and dealerscompanies in Mumbai

Stock brokers, online trading, asset management, investment services, startups and more: the companies building brokers and dealers in Mumbai, Maharashtra, with their founders, funding, team size and business models.

116 company profiles54 with reported revenue0 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent brokers and dealers business events in India

Funding, M&A, contract wins and launches involving 470 brokers and dealers companies in India, last 24 months: 14 M&A deals · 11 funding rounds · 3 launches · 2 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

FundingPrivate Placement NCD

Aditya birla capital

Aditya Birla Capital has raised Rs 200 crore through allotment of Non-Convertible Debentures (NCDs) on private placement basis.

Investors Na
Financial services
LaunchLeadHerShip

Aditya birla capital

Aditya Birla Capital Limited, has introduced ‘LeadHerShip’, a women-to-women mentorship and incubation initiative under its flagship fintech engagement platform, InFiniTe.

Women entrepreneurship mentorship and incubation initiative
M&AAcquisition · Completed

Mahi Madhusudan Kela acquires Emkay Global Financial Services

Indian investor Mahi Madhusudan Kela acquired a 1.12% stake in Emkay Global Financial Services during the quarter ended December 31, 2025.

Investment banking, wealth management and portfolio management services
M&AAcquisition · Announced

Excellence acquires Pro Fin Capital Services

The Board of Directors of Pro Fin Capital Services a company active in financial and capital market services, met on 26 November 2025 and approved a proposal from Hong Kong-based…

M&AAcquisition · Announced

Excellence Creative acquires Pro Fin Capital Services

Excellence Creative has shown interest in acquiring up to 25 per cent of the equity share capital of Pro Fin Capital Services at a proposed price of Rs 22 per share in a non-binding…

M&AAcquisition · Pending

Pro Fin Capital Services acquires Excellence

Pro Fin Capital Services Ltd said it has received a Letter of Intent (LoI) from Hong Kong-based Excellence Creative Ltd to acquire up to 25 per cent stake in the latter for Rs 22 crore.

M&AAcquisition · Completed

Bajaj financial securities acquires Lemnisk

Bajaj Financial Securities has acquired stakes in Bengaluru-based customer data platform Lemnisk through a secondary transaction, giving partial exits to early backers including growX…

Customer Data Platform
M&AAcquisition · Completed

Multiple institutional investors acquires Aditya birla capital

Aditya Birla Capital witnessed a major block deal worth Rs 819 crore on Tuesday as Advent International’s arm Jomei Investments sold 2.66 crore shares of the financial services arm of…

Financial Services
FundingEquity investment

Emkay Global Financial Services

Shares of Emkay Global Financial Services have rallied 44% in the last two sessions on the back of Rs 227.5 crore fund infusion.

Investors Kirti Doshi, Antique Securities, Krishna Kumar Karwa, Prakash Kacholia
Financial services
M&AAcquisition · Announced

Kirti Doshi acquires Emkay Global Financial Services

Emkay Global Financial Services on Monday announced that industry veteran Kirti Doshi has acquired a 21% stake in the company.

Financial Services
FundingRights issue

Ifl enterprises

Agri commodity trading firm IFL Enterprises on Tuesday said its board has approved to raise up to Rs 49.14 crore through a rights issue of equity shares

Agri commodity trading
M&AAcquisition · Announced

Unique Global Managed Services acquires Ifl enterprises

IFL Enterprises has received a Letter of Intent (LOI) from the Singapore-based entity, Unique Global, to acquire a 12 per cent strategic minority stake in the company at an indicative…

Agri commodity trader
FundingCredit facility

Algoquant Fintech

Algoquant Fintech has successfully secured a credit facility of Rs 280 crore from Axis Bank

Investors Axis bank
Fintech
M&AAcquisition · Completed

Jm financial acquires JM Financial Credit Solutions

JM Financial on Tuesday said it has acquired the remaining 2.98 per cent stake in its material subsidiary JM Financial Credit Solutions Ltd (JMFCSL) from Moraine Master Fund LP, making…

Non-banking financial company
M&AAcquisition · Completed

Paterson & acquires India cements capital

Also, Paterson & Co, a stockbroking firm, has acquired a 24.75% stake in India Cements Capital Ltd (ICCL).

LaunchInvestRight app

Hdfc securities

exemplified by the launch of the InvestRight app and HDFC Sky—a mobile-first discount broking platform designed specifically for young, digitally savvy investors.

App
M&AAcquisition · Announced

Choice Equity Broking acquires Arete capital

Choice Equity Broking Private Limited (Choice Broking), a leading full-service brokerage firm and a subsidiary of Choice International Limited, has announced the acquisition of Arete…

Wealth Management
ContractSupply

Ausom enterprise · client: Gujarat Urja Vikas Nigam

Prozeal, Kintech, Ausom, Enertech, S.B.B., and Drashta won 100 MW, 50 MW, 50 MW, 40 MW, 10 MW, and 10 MW, respectively at a tariff of ₹2.55 (~$0.0300)/kWh.

Solar
ContractSupply

Ausom enterprise · client: Gujarat Urja Vikas Nigam Limited

AuSom Enterprise, said, “We hereby inform you that Ausom Enterprise Limited have received Letter of Intent from Gujarat Urja Vikas Nigam Limited dated 11/11/2024 for procurement of Power…

Renewable Energy
M&AAcquisition · Announced

JM Financial Credit Solutions acquires JM Financial Asset Reconstruction Company Ltd

The Competition Commission of India also approved the acquisition of 71.79 per cent of the total paid-up share capital of JM Financial Asset Reconstruction Company Ltd (JMFARC) by JMFCSL.

Brokers and dealers companies in Mumbai, by revenue

Browse brokers and dealers companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 54 brokers and dealers companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of loans, investments, insurance, UPI, and bill payment services

Consumer and sme loans
₹40,723.75 crFY 2024-25
+18%2024–2025
32,921-96% 12 mo to Aug 2024LinkedIn · Oct 2026
19 yr2007
0none in 3 months

Price watchlist for bullion trading

Brokers and dealers
₹11,894.90 crFY 2024-25
+189%2024–2025
—Not available
19 yr2007
0none in 3 months

Online trading and investment platform

Brokers and dealers
₹3,264.55 crFY 2024-25
+23%2024–2025
4,875+13% 12 mo to Sep 2024LinkedIn · Oct 2026
26 yr2000
1postings · last posted Aug 2026

Provider of investment banking and advisory services

Brokers and dealers
₹1,043.00 crFY 2024-25
Not reported
345recorded
9 yr2017
0none in 3 months

SPV Global Trading is a non-banking financial company.

Brokers and dealers
₹911.92 crFY 2024-25
+32%2024–2025
2recorded
41 yr1985
0none in 3 months

Investment banking and SME financing services

Consumer and sme loans
₹484.10 crFY 2024-25
-7%2024–2025
284-54% 12 mo to Aug 2023LinkedIn · Oct 2026
20 yr2006
0none in 3 months

Proprietary trading firm that operates in financial markets, offering wealth management, hedging, and equity derivatives trading services to its clients

Brokers and dealers
₹427.54 crFY 2024-25
Not reported
58LinkedIn · Jul 2026
27 yr1999
4postings · last posted Sep 2026

Provider of online share trading and broking services in India

Brokers and dealers
₹346.63 crFY 2021-22
+35%2021–2022
2,265-2% 12 mo to Feb 2024LinkedIn · Oct 2026
40 yr1986
0none in 3 months

Provider of trading, brokerage, and quants research services

Brokers and dealers
₹376.85 crFY 2024-25
+0%2024–2025
160+78% 12 mo to Sep 2024recorded Sep 2024
37 yr1989
0none in 3 months

Provider of investment management, institutional equity, and investment banking services

Investment banks
₹361.24 crFY 2024-25
+15%2024–2025
866+5% 12 mo to Mar 2024LinkedIn · Oct 2026
31 yr1995
0none in 3 months

Stock brokerage firm

Brokers and dealers
₹341.91 crFY 2023-24
Not reported
16+10% 12 mo to Sep 2024LinkedIn · Oct 2026
32 yr1994
—No postings tracked

Developer of luxury residential properties and infrastructure

Brokers and dealers
₹222.73 crFY 2024-25
+720%2024–2025
5+0% 12 mo to Sep 2024LinkedIn · Oct 2026
42 yr1984
0none in 3 months

Stock brokerage firm

Brokers and dealers
₹203.45 crFY 2024-25
+25%2024–2025
—Not available
41 yr1985
0none in 3 months

Full-service stock broker

Brokers and dealers
₹164.95 crFY 2021-22
Not reported
139-7% 12 mo to Jul 2024recorded Jul 2024
32 yr1994
—No postings tracked

Provider of commodity brokerage services

Brokers and dealers
₹151.34 crFY 2021-22
Not reported
4-33% 12 mo to Sep 2024recorded Sep 2024
32 yr1994
—No postings tracked

Stock brokerage firm

Brokers and dealers
₹168.87 crFY 2024-25
+14%2024–2025
167+10% 12 mo to Oct 2023LinkedIn · Oct 2026
41 yr1985
0none in 3 months

Provider of stock brokerage services

Brokers and dealers
₹145.35 crFY 2022-23
+20%2022–2023
87-2% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
1postings · last posted Aug 2026

Provider of online platform for trading stocks, mutual funds, and insurance

Insurance distribution
₹148.07 crFY 2024-25
-30%2024–2025
196-50% 12 mo to Mar 2024LinkedIn · Oct 2026
21 yr2005
0none in 3 months

Retail financial products distributor

Services for investment industry
₹116.87 crFY 2024-25
-48%2024–2025
998LinkedIn · Oct 2026
37 yr1989
0none in 3 months

Full-service stock broker

Brokers and dealers
₹99.31 crFY 2024-25
-22%2024–2025
214LinkedIn · Oct 2026
36 yr1990
0none in 3 months

Full-service investment banking firm

Brokers and dealers
₹89.71 crFY 2024-25
+3%2024–2025
782+18% 12 mo to Mar 2024LinkedIn · Oct 2026
34 yr1992
0none in 3 months

Provider of trading and investment services

Services for investment industry
₹74.11 crFY 2023-24
Not reported
14+8% 12 mo to Sep 2024recorded Sep 2024
43 yr1983
0none in 3 months

Provider of investment management services

Brokers and dealers
₹74.08 crFY 2024-25
+409%2024–2025
89LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Provider of mutual funds, IPOs, currencies, stocks, and commodities trading services

Brokers and dealers
₹50.99 crFY 2022-23
Not reported
169+12% 12 mo to Sep 2024LinkedIn · Oct 2026
31 yr1995
0none in 3 months · last posted Apr 2026

Stock brokerage firm providing stock trading transaction reports and back office login services

Brokers and dealers
₹53.29 crFY 2024-25
-13%2024–2025
107LinkedIn · Jul 2026
27 yr1999
0none in 3 months
50 of 116 companies shown here · the full list is on Radar
Fliar Radar

Explore all 116 brokers and dealers companies in Mumbai on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

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  • Every company, not just 50All 116 brokers and dealers companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
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Explore brokers and dealers companies in Mumbai by what you are looking for

Browse the top brokers in Mumbai, from full-service stock brokers to online trading platforms, and see the brokers list in Mumbai by type. You can also find asset managers, investment banks and newer broking startups in Mumbai.

7 ways to explore brokers and dealers in Mumbai

Stock brokers & trading firmsOnline trading platforms & investment appsAsset management & wealth advisory firmsInvestment banking & financial servicesBrokers and dealers startups in MumbaiBrokers and dealers companies hiring in Mumbai

Stock brokers & trading firms

Full-service and retail stock brokers offering trading and demat services.

  1. Sanghavi Bullion

    Price watchlist for bullion trading

    Brokers and dealers
    See in list
  2. HDFC securities

    Online trading and investment platform

    Brokers and dealers
    See in list
  3. SPV GLOBAL TRADING

    SPV Global Trading is a non-banking financial company.

    Brokers and dealers
    See in list
  4. STCI Primary Dealer

    Dealer offering financial solutions and insights to investors and institutions

    Brokers and dealers
    Website
  5. Pashupati Capital Services

    Proprietary trading firm that operates in financial markets, offering wealth management, hedging, and equity derivatives trading services to its clients

    Brokers and dealers
    See in list

Online trading platforms & investment apps

Digital platforms for trading stocks, mutual funds and other investments.

  1. Sanghavi Bullion

    Price watchlist for bullion trading

    Brokers and dealers
    See in list
  2. reliancesmartmoney.com

    Provider of online platform for trading stocks, mutual funds, and insurance

    Insurance distribution
    See in list
  3. Comfortsecurities

    Provider of stock broking, investment banking, and mutual fund services

    Investment tech
    See in list
  4. Lakshmishree

    Provider of trading and investment services across multiple asset classes

    Asset management
    Website
  5. HDFC securities

    Online trading and investment platform

    Brokers and dealers
    See in list

Asset management & wealth advisory firms

Firms that manage portfolios and provide wealth and investment advice.

  1. Emkay

    Provider of investment management, institutional equity, and investment banking services

    Investment banks
    See in list
  2. reliancesmartmoney.com

    Provider of online platform for trading stocks, mutual funds, and insurance

    Insurance distribution
    See in list
  3. Choice

    Full-service investment banking firm

    Brokers and dealers
    See in list
  4. Vistar Amar

    Provider of trading and investment services

    Services for investment industry
    See in list
  5. RRC Financials

    Wealth and investment advisory firm

    Brokers and dealers
    See in list

Investment banking & financial services

Investment banks, distributors and service providers to the investment industry.

  1. A.K. Group

    Investment banking and SME financing services

    Consumer and sme loans
    See in list
  2. Emkay

    Provider of investment management, institutional equity, and investment banking services

    Investment banks
    See in list
  3. Bluechip

    Retail financial products distributor

    Services for investment industry
    See in list
  4. Choice

    Full-service investment banking firm

    Brokers and dealers
    See in list
  5. Vistar Amar

    Provider of trading and investment services

    Services for investment industry
    See in list

Brokers and dealers startups in Mumbai

Newer broking and trading companies in Mumbai founded in recent years.

  1. Kotak Neo

    Provider of trading platforms and investment options, including IPOs

    Brokers and dealers
    Website
  2. Prosper

    Digital wealth manager offering a range of investment products and solutions

    Brokers and dealers
    Website
  3. Thrilling Securities

    Home - THRILLING SECURITIES PRIVATE LIMITED

    Brokers and dealers
    Website
  4. Trademasters Finserv

    Firm focusing on discretionary trading

    Brokers and dealers
    Website
  5. Secure Capital

    Financial services company offering a range of investment and trading solutions

    Brokers and dealers
    Website
5 companies in Mumbai

Brokers and dealers companies hiring in Mumbai

Broking and dealing firms in Mumbai with open jobs right now.

  1. HDFC securities

    Online trading and investment platform

    Brokers and dealers
    See in list
  2. STCI Primary Dealer

    Dealer offering financial solutions and insights to investors and institutions

    Brokers and dealers
    Website
  3. Pashupati Capital Services

    Proprietary trading firm that operates in financial markets, offering wealth management, hedging, and equity derivatives trading services to its clients

    Brokers and dealers
    See in list
  4. Crosseas Capital Services

    Provider of stock brokerage services

    Brokers and dealers
    See in list
  5. Inventure Growth

    Provider of mutual funds, IPOs, currencies, stocks, and commodities trading services

    Brokers and dealers
    See in list
9 companies in Mumbai

Listed brokers and dealers companies in Mumbai

Publicly listed broking and financial firms based in Mumbai.

  1. Aditya Birla Capital

    Provider of loans, investments, insurance, UPI, and bill payment services

    Consumer and sme loans
    See in list
  2. Emkay

    Provider of investment management, institutional equity, and investment banking services

    Investment banks
    See in list
  3. Alacrity Securities

    Stock brokerage firm

    Brokers and dealers
    See in list
  4. Royal India Corporation

    Developer of luxury residential properties and infrastructure

    Brokers and dealers
    See in list
  5. Comfort Commotrade

    Provider of commodity brokerage services

    Brokers and dealers
    See in list
25 companies in Mumbai
Mobile reach

Top 10 brokers and dealers apps from Mumbai

The most-installed Android apps published by brokers and dealers companies headquartered in Mumbai — 42.7M installs between them. 37 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

MO RIISE: Stocks, IPO & Demat

by Motilal Oswal

Installs16.2M
Rating3.73143K ratings
Installs, year on year+44%
Last updatedMay 2026
View on Google Play ↗
MO RIISE: Stocks, IPO & Demat screenshot 1MO RIISE: Stocks, IPO & Demat screenshot 2MO RIISE: Stocks, IPO & Demat screenshot 3MO RIISE: Stocks, IPO & Demat screenshot 4MO RIISE: Stocks, IPO & Demat screenshot 5MO RIISE: Stocks, IPO & Demat screenshot 6
2

Kotak Neo: Stock Trading App

by Kotak Neo

Installs12.3M
Rating4.77201K ratings
Last updatedMay 2026
View on Google Play ↗
Kotak Neo: Stock Trading App screenshot 1Kotak Neo: Stock Trading App screenshot 2Kotak Neo: Stock Trading App screenshot 3Kotak Neo: Stock Trading App screenshot 4Kotak Neo: Stock Trading App screenshot 5Kotak Neo: Stock Trading App screenshot 6
3

ICICI Direct-Stocks F&O MF IPO

by ICICI Direct

Installs7.1M
Rating4.67180K ratings
Installs, year on year+46%
Last updatedMay 2026
View on Google Play ↗
ICICI Direct-Stocks F&O MF IPO screenshot 1ICICI Direct-Stocks F&O MF IPO screenshot 2ICICI Direct-Stocks F&O MF IPO screenshot 3ICICI Direct-Stocks F&O MF IPO screenshot 4ICICI Direct-Stocks F&O MF IPO screenshot 5ICICI Direct-Stocks F&O MF IPO screenshot 6
4

Choice FinX: Demat Account App

by Choice

Installs2.7M
Rating3.7422K ratings
Installs, year on year+32%
Last updatedJun 2026
View on Google Play ↗
Choice FinX: Demat Account App screenshot 1Choice FinX: Demat Account App screenshot 2Choice FinX: Demat Account App screenshot 3Choice FinX: Demat Account App screenshot 4Choice FinX: Demat Account App screenshot 5Choice FinX: Demat Account App screenshot 6
5

HDFC Securities InvestRight

by HDFC securities

Installs2.3M
Rating4.66189K ratings
Installs, year on year+39%
Last updatedMay 2026
View on Google Play ↗
HDFC Securities InvestRight screenshot 1HDFC Securities InvestRight screenshot 2HDFC Securities InvestRight screenshot 3HDFC Securities InvestRight screenshot 4HDFC Securities InvestRight screenshot 5HDFC Securities InvestRight screenshot 6
7

Beyondpro

by Nirmal Bang

Installs237K
Rating2.672K ratings
Last updatedNov 2025
View on Google Play ↗
Beyondpro screenshot 1Beyondpro screenshot 2Beyondpro screenshot 3Beyondpro screenshot 4Beyondpro screenshot 5Beyondpro screenshot 6
The business behind the activity

Brokers and dealers financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 55 brokers and dealers companies in Mumbai, Maharashtra for FY24-25 — 71 of the 116 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 83% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹20,059.12 cr

55 companies filing accounts

combined net profit₹2,075.79 cr

10.3% aggregate margin

are profitable82%

45 of 55 companies

median revenue~₹33.6 cr

the typical company

median revenue growth+12%

into FY24-25

earned by the top five83%

revenue concentration

Six-year view

Combined revenue of filing companies

₹3,986.90 crFY19-2057 filers
₹4,061.30 crFY20-2159 filers
₹7,743.74 crFY21-2261 filers
₹11,079.22 crFY22-2358 filers
₹10,956.16 crFY23-2458 filers
₹20,059.12 crFY24-2555 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 53 companies over three years

+83%
FY22-23₹10,966.40 cr₹1,265.82 cr net
FY23-24₹10,827.29 cr₹1,886.92 cr net
FY24-25₹20,055.42 cr₹2,075.57 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr862% profitable
₹1–10 cr1155% profitable
₹10–100 cr2195% profitable
₹100–1,000 cr1392% profitable
Over ₹1,000 cr2100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking19
0–20%13
20–50%14
50–100%3
Doubled+6

55 companies with accounts for both years; median growth +12%.

Profitability

Profit is concentrated at the top

45profitable
10loss-making
10.3%aggregate margin
12.5%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Royal India CorporationROYAL INDIA CORPORATION LIMITED+720%₹222.73 cr
SAL SecuritiesSAL SECURITIES PRIVATE LIMITED+217%₹19.05 cr
Rikhav SecuritiesRIKHAV SECURITIES LIMITED+197%₹327.87 cr
Sanghavi BullionSANGHAVI BULLION PRIVATE LIMITED+189%₹11,894.90 cr
Alacrity SecuritiesALACRITY SECURITIES LIMITED+68%₹574.39 cr
NVS BrokerageNVS BROKERAGE PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
3A Financial Services3A CAPITAL SERVICES LIMITED79.5%₹54.30 cr
RRC FinancialsR R CHOKHANI STOCK BROKERS PRIVATE LIMITED
Dhanki SecuritiesDHANKI SECURITIES PRIVATE LIMITED
Vikabh SecuritiesVIKABH SECURITIES PRIVATE LIMITED45.9%₹376.85 cr
NVS BrokerageNVS BROKERAGE PRIVATE LIMITED
Anvil Share & Stock BrokingANVIL SHARE AND STOCK BROKING PRIVATE LIMITED36.0%₹91.76 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Brokers and dealers49₹19,414.04 cr~₹33.6 cr82%10.2%
Leaders

Largest brokers and dealers companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Sanghavi BullionSANGHAVI BULLION PRIVATE LIMITED₹11,894.90 cr₹20.62 cr0.2%+189%
HDFC securitiesHDFC SECURITIES LIMITED₹3,264.86 cr₹1,125.02 cr34.5%+23%
Alacrity SecuritiesALACRITY SECURITIES LIMITED₹574.39 cr₹12.05 cr2.1%+68%
Motilal OswalMOTILAL OSWAL WEALTH LIMITED₹488.46 cr
Pashupati Capital ServicesPashupati Capital Services Private Limited₹425.10 cr₹150.65 cr35.4%+23%
PhillipCapitalPHILLIPCAPITAL (INDIA) PRIVATE LIMITED₹393.40 cr₹69.47 cr+25%
Vikabh SecuritiesVIKABH SECURITIES PRIVATE LIMITED₹376.85 cr₹172.93 cr45.9%-0%
EmkayEMKAY GLOBAL FINANCIAL SERVICES LIMITED₹339.66 cr₹58.91 cr17.3%+20%
Rikhav SecuritiesRIKHAV SECURITIES LIMITED₹327.87 cr+197%
Royal India CorporationROYAL INDIA CORPORATION LIMITED₹222.73 cr₹10.83 cr4.9%+720%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full brokers and dealers landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the brokers and dealers landscape of Mumbai
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Brokers and dealers funding and M&A across India

5 recorded equity rounds have gone to 470 brokers and dealers companies in India — how much, at which stage, into which sub-sectors, from whom, and how Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months0

US$0k

equity rounds, last 24 months0

US$0k

raised over five yearsUS$0k

0 rounds in India

M&A deals, India14

last 24 months

Capital by year

Equity funding into brokers and dealers in India

amount rounds

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date.

Corporate activity · last 24 months

M&A in India

13Acquisition
1Merger

Most active acquirers

  1. Mahi Madhusudan Kela1
  2. Excellence1
  3. Excellence Creative1
  4. Pro Fin Capital Services1
  5. Bajaj financial securities1

Most acquired or merged

  1. Emkay Global Financial Services3
  2. Pro Fin Capital Services2
  3. Excellence1
  4. Lemnisk1
  5. Aditya birla capital1

Each deal appears in the events strip at the top of the page.

Founders and momentum in Mumbai

Meet the people behind brokers and dealers companies in Mumbai. 64 of 116 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai brokers and dealers companies by sub-sector

The most common specialisations among brokers and dealers companies in Mumbai. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring brokers and dealers in India and nearby markets.

Coming soon