Company lists
The Gujarat edition · 2026

Financial servicescompanies in Gujarat

Wealth, accounting, banks, insurance, loans and more: the companies building financial services in Gujarat, with their founders, funding, team size and business models.

568 company profiles128 with reported revenue11 with recorded fundingSeptember 2026 edition

Recent financial services business events in Gujarat

Funding, M&A, contract wins and launches involving 635 financial services companies in Gujarat, last 24 months: 16 M&A deals · 8 Contracts · 7 launches · 5 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Announced

Online psb loans acquires AvenuesAI Limited

AvenuesAI Limited in its stock exchange filings said that the board has approved the proposal to pick 7% minority equity stake in Online PSB Loans Limited (OPL) as a strategic investment.

Artificial Intelligence
LaunchBob SAMVAD

Bank of baroda

Bank of Baroda (Bank) unveiled its bob SAMVAD, which was formally launched by M. Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance in Mumbai on March 28, 2026.

M&AAcquisition · Completed

Maithan alloys acquires Bank of baroda

Maithan Alloys purchased 6,59,000 equity shares, representing 0.01% shareholding in Bank of Baroda.

ContractGovernment

Bank of baroda · client: Ministry of Home Affairs

Bank of Baroda has signed an agreement with NSDL Database Management Ltd. (NDML) to provide integrated technical and banking support for the Agency Bank operations of the Office of the…

FundingSeed

Vijya fintech

Vijya Fintech, the parent company of flagship platform MIDASX, has announced the successful closure of its INR 12Cr Seed Round, marking a major milestone in its mission to build India’s…

Investors Family Offices and UHNIs
Fintech
Funding

Light

In Denmark, Light secured €25 million to scale its AI-native finance system that replaces legacy enterprise software.

AI-native finance system
M&AAcquisition · Completed

Societe generale acquires Bank of baroda

Societe Generale has bought 64,16,414 equity shares (0.12% stake) in Bank of Baroda at Rs 238.27 per share for Rs 152.88 crore.

Banking
M&AAcquisition · Completed

Mas financial services acquires MAS Rural Housing & Mortgage Finance Limited

MAS Financial Services Limited has acquired 3,33,333 equity shares of its subsidiary, MAS Rural Housing and Mortgage Finance Limited (MRHMFL), representing 33.33% of the Optionally…

Housing Finance
M&AAcquisition · Announced

Prudent corporate advisory services acquires Mutual Fund Distributor Indus Capital

Prudent Corporate Advisory Services Limited (Prudent) announced the acquisition of Mutual Fund Distributor Indus Capital.

Mutual Fund Distribution
LaunchNavigate Tax Hub

Pwc india

PwC India today unveiled the Navigate Tax Hub, a generative AI-powered platform, now available to clients.

Tax & Regulatory Platform
M&AAcquisition · Announced

Prudent corporate advisory services acquires Indus capital

Prudent Corporate Advisory Services, one of the leading retail wealth management services groups, has acquired Pune-based MF distributor Indus Capital for ₹114 crore with an additional…

Mutual Fund Distribution
FundingDebt issuance

Mas financial services

MAS Financial Services Limited has announced the allotment of 1,00,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures, each with a face…

M&AAcquisition · Announced

Crisi[l] acquires Online psb loans

Crisi[l], the provider of ratings, data, research, analytics and solutions, has invested ₹33.25 crore to acquire a minority stake in Online PSB Loans Ltd (OPL).

Financial Technology
M&AAcquisition · Pending

Btg pactual acquires Light

BTG Pactual has asked the Administrative Council for Economic Defence (Cade) to increase its participation in Light ... The transaction involves the acquisition of 56.5 million shares —…

Electric sector
M&AAcquisition · Announced

Marwadi Chandarana Intermediaries Brokers acquires Trucap finance

Marwadi Chandarana Intermediaries Brokers has entered into an agreement to acquire 75 per cent stake in non-banking financial company TruCap Finance with an investment of Rs 207 crore.

Non-banking financial company
M&AAcquisition · Announced

John deere acquires Light

In 2022, the company acquired Light, a firm specializing in advanced machine vision and spatial perception systems.

M&AAcquisition · Completed

Deere & Company acquires Light

Then in 2022, Deere added Light, a perception-focused AI startup that builds machine vision systems.

M&AAcquisition · Announced

Life insurance corporation acquires Bank of baroda

This development follows LIC's previously made announcement that it has is going to raise its stake in Bank of Baroda by roughly 2%, bringing its total stake to 7.05%.

Banking
M&AAcquisition · Completed

Lic acquires Bank of baroda

Insurance behemoth LIC on Monday said it has increased its stake in State-owned Bank of Baroda (BoB) by nearly 2 per cent to 7.05 per cent.

Banking
ContractTechnology

PSB Alliance · client: Bank of baroda

four leading public sector banks – Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank have signed up for the world’s largest unified Supply Chain Finance (SCF)…

Finance
LaunchEmerging Tech Startup Challenge

Pwc india

PwC India has announced the launch of its first-ever startup accelerator programme 'Emerging Tech Startup Challenge' geared to empower startups in the emerging technology space to refine…

Startup accelerator program
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
M&AAcquisition · Announced

Crisil acquires Online psb loans

CRISIL advanced 1.52% to Rs 5609.35 after the company's board approved the acquisition of 4.08% stake in Online PSB Loans (OPL) for Rs 33.25 crore on fully diluted basis.

Digital MSME credit
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
Contract

Nbcc · client: Bank of baroda

The company continued its winning streak with a work order worth around ₹65 crore from the Bank of Baroda, secured by its subsidiary, Hindustan Steelworks Construction Limited (HSCL).

ContractInfrastructure

Hindustan steelworks construction limited · client: Bank of baroda

On Monday, Hindustan Steelworks Construction Limited (HSCL), a subsidiary of NBCC (India) Limited, was awarded a work order worth around ₹65 crore from the Bank of Baroda for development…

M&AAcquisition · Announced

Bank Dhofar acquires Bank of baroda

State-owned Bank of Baroda (BoB) has announced its decision to sell its Oman operations to Bank Dhofar.

Banking

Financial services companies in Gujarat, by revenue

Browse financial services companies in Gujarat 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 128 financial services companies in Gujarat 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

Commercial bank

Banks
₹141,778.70 crFY 2023-24
Not reported
36,501-3% 12 mo to Mar 2024LinkedIn · Jul 2026
118 yr1908
1postings · last posted Jul 2026

Provider of equity and debt brokerage services and financial solutions

Brokers and dealers
₹29,660.29 crFY 2024-25
+25%2024–2025
—Not available
23 yr2003
0none in 3 months

Bullion trader in Chennai

Financial exchanges
₹5,680.32 crFY 2021-22
Not reported
—Not available
55 yr1971
—No postings tracked

Provider of financial and retirement planning services

Asset management
₹5,816.88 crFY 2024-25
+1%2024–2025
11LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Stock and commodity trading firm

Brokers and dealers
₹2,397.55 crFY 2024-25
+146%2024–2025
3+0% 12 mo to Sep 2024recorded Sep 2024
42 yr1984
0none in 3 months

Home loans in semi urban and rural areas

Consumer and sme loans
₹1,600.15 crFY 2024-25
+24%2024–2025
338-64% vs previous recordLinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of consumer and SME loans

Consumer and sme loans
₹1,285.68 crFY 2023-24
Not reported
1,590+38% 12 mo to Mar 2024recorded Mar 2024
38 yr1988
—No postings tracked

Provider of financial products and investment services

Asset management
₹1,133.48 crFY 2024-25
+37%2024–2025
1,666-6% 12 mo to Aug 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of diversified facility management services

Services for investment industry
₹820.00 crFY 2022-23
Not reported
1,241-25% 12 mo to Jul 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Auto loans provider

Consumer and sme loans
₹661.53 crFY 2023-24
+56%2023–2024
3+52% 12 mo to Jul 2024LinkedIn · Jul 2026
34 yr1992
2postings · last posted Sep 2026

Diversified quantitative trading firm

Brokers and dealers
₹529.92 crFY 2024-25
+41%2024–2025
—Not available
43 yr1983
0none in 3 months

Provider of microfinance services to low-income households

Microfinance
₹505.20 crFY 2024-25
+9%2024–2025
906+16% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted Jun 2026

Microloans for empowering small households

Microfinance
₹494.93 crFY 2024-25
-5%2024–2025
1,017+37% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
5postings · last posted Sep 2026

Provider of stock brokerage services

Brokers and dealers
₹221.24 crFY 2024-25
+0%2024–2025
11+5% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of financial services

Services for investment industry
₹175.28 crFY 2024-25
+244%2024–2025
—Not available
43 yr1983
0none in 3 months

Insurance broker

Insurance distribution
₹158.77 crFY 2024-25
+12%2024–2025
—Not available
24 yr2002
0none in 3 months

Healthcare TPA

Services for health insurers
₹143.53 crFY 2023-24
Not reported
860+12% 12 mo to Sep 2024recorded Sep 2024
23 yr2003
—No postings tracked

Provider of risk management, employee benefits, commercial, personal & motor insurance services

Insurance distribution
₹136.48 crFY 2024-25
+22%2024–2025
410+16% 12 mo to Sep 2024recorded Sep 2024
28 yr1998
0none in 3 months

M&A corporate advisory firm

Asset management
₹128.67 crFY 2024-25
+103%2024–2025
50LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Company offering a wide range of services including stock broking, IPO investment, and mutual funds trading

Brokers and dealers
₹128.27 crFY 2024-25
+7%2024–2025
—Not available
16 yr2010
0none in 3 months

Provider of trading and investment services across multiple asset classes

Investment tech
₹112.41 crFY 2022-23
+12%2022–2023
—Not available
17 yr2009
1postings · last posted Sep 2026

Financial services company offering accounting, consulting, and efficiency management solutions

Finance & accounting services
₹108.92 crFY 2024-25
+3%2024–2025
863+24% vs previous recordrecorded
37 yr1989
2postings · last posted Sep 2026

Provider of stock brokerage services

Asset management
₹97.97 crFY 2022-23
-14%2022–2023
69+9% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of insurance risk and planning management services

Insurance distribution
₹101.06 crFY 2024-25
+113%2024–2025
102LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of insurance broking services for direct and reinsurance business

Insurance distribution
₹89.70 crFY 2024-25
+16%2024–2025
346-1% 12 mo to Jun 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months
50 of 568 companies shown here · the full list is on Radar
Fliar Radar

Explore all 568 financial services companies in Gujarat on Radar

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

Open financial services in Gujarat on Radar
  • Every company, not just 50All 568 financial services companies in Gujarat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore financial services companies in Gujarat by what you are looking for

Browse top financial services companies in Gujarat, from banks and NBFC lenders to brokers and insurance distributors. You can also find financial services startups in Gujarat and listed financial services companies in Gujarat.

9 ways to explore financial services in Gujarat

Asset management, wealth & investment firmsAccounting, tax & financial consulting firmsBanks & co-operative banksInsurance brokers & insurance companiesNBFCs & loan providersStock brokers & trading firms

Asset management, wealth & investment firms

Wealth managers, investment advisors and asset management firms.

  1. Anmol Finsec

    Provider of financial and retirement planning services

    Asset management
    See in list
  2. Prudent

    Provider of financial products and investment services

    Asset management
    See in list
  3. Beeline Capital Advisors

    M&A corporate advisory firm

    Asset management
    See in list
  4. Irage

    Provider of trading and investment services across multiple asset classes

    Investment tech
    See in list
  5. Plus Wealth

    Provider of stock brokerage services

    Asset management
    See in list

Accounting, tax & financial consulting firms

Accountants and consultants offering bookkeeping, audit, tax and advisory services.

  1. Paperchase Accountancy

    Financial services company offering accounting, consulting, and efficiency management solutions

    Finance & accounting services
    See in list
  2. Online PSB Loans

    Provider of accounting, bookkeeping, auditing, and tax consultancy services

    Finance & accounting services
    See in list
  3. Befree

    Provider of outsourced accounting, bookkeeping, payroll, tax, audit support, paraplanning, mortgage processing, and administrative services

    Finance & accounting services
    See in list
  4. DAP Training

    Provider of financial & tax planning and investment management services

    Finance & accounting services
    Website
  5. Finaccle

    Provider of financial, accounting, and legal services

    Finance & accounting services
    Website
144 companies in Gujarat

Banks & co-operative banks

Commercial banks, urban co-operative banks and banking service providers.

  1. Bank of Baroda

    Commercial bank

    Banks
    See in list
  2. Arman Financial Services

    Auto loans provider

    Consumer and sme loans
    See in list
  3. Pahal Financial Services

    Provider of microfinance services to low-income households

    Microfinance
    See in list
  4. Light Microfinance

    Microloans for empowering small households

    Microfinance
    See in list
  5. Sampati Securities

    Provider of short-term and long-term business loans to individuals, corporates

    Service providers to banks
    See in list

Insurance brokers & insurance companies

Insurance brokers, agents and carriers for life, health and general cover.

  1. NJ Insurance Brokers

    Insurance broker

    Insurance distribution
    See in list
  2. Health India TPA Services

    Healthcare TPA

    Services for health insurers
    See in list
  3. UNISON Insurance Broking Services

    Provider of risk management, employee benefits, commercial, personal & motor insurance services

    Insurance distribution
    See in list
  4. Arron Insurance Brokers

    Provider of insurance risk and planning management services

    Insurance distribution
    See in list
  5. Beacon

    Provider of insurance broking services for direct and reinsurance business

    Insurance distribution
    See in list

NBFCs & loan providers

Non-banking finance companies and lenders offering consumer, SME, home and vehicle loans.

  1. MRHMFL

    Home loans in semi urban and rural areas

    Consumer and sme loans
    See in list
  2. Arman Financial Services

    Auto loans provider

    Consumer and sme loans
    See in list
  3. Sampati Securities

    Provider of short-term and long-term business loans to individuals, corporates

    Service providers to banks
    See in list
  4. PRAYAS Finance

    Provider of consumer loans

    Consumer and sme loans
    See in list
  5. Ceejay Finance

    Leading non-banking financial company providing customized loans for new and used two-wheelers

    Consumer and sme loans
    Website

Stock brokers & trading firms

Stock brokers, dealers and online trading platforms.

  1. SunriseGilts

    Provider of equity and debt brokerage services and financial solutions

    Brokers and dealers
    See in list
  2. AuSom Enterprise

    Stock and commodity trading firm

    Brokers and dealers
    See in list
  3. Dolat Algotech

    Diversified quantitative trading firm

    Brokers and dealers
    See in list
  4. SKSE Securities

    Provider of stock brokerage services

    Brokers and dealers
    See in list
  5. Prarambh Securities

    Company offering a wide range of services including stock broking, IPO investment, and mutual funds trading

    Brokers and dealers
    See in list

Listed financial services companies in Gujarat

Publicly listed financial services companies in Gujarat.

  1. Bank of Baroda

    Commercial bank

    Banks
    See in list
  2. AuSom Enterprise

    Stock and commodity trading firm

    Brokers and dealers
    See in list
  3. Mas Financial Services

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  4. Prudent

    Provider of financial products and investment services

    Asset management
    See in list
  5. Arman Financial Services

    Auto loans provider

    Consumer and sme loans
    See in list
37 companies in Gujarat

Financial services startups in Gujarat

Recently founded financial services companies in Gujarat.

  1. Steptrade Capital

    Provider of a investment firm specializing in SME exchange-focused wealth creation through alternative investment funds and portfolio management

    Services for investment industry
    Website
  2. Rakshamitra

    Provider of car, health & life insurance services

    Insurance distribution
    Website
  3. Raintree Insurance Broking

    Provider of risk management and insurance brokerage services

    Insurance distribution
    Website
  4. Vijya Fintech

    Provider of financial services for investment industry

    Services for investment industry
    Website
  5. VDCAP

    Provider of financial services

    Service providers to banks
    Website
88 companies in Gujarat

Financial services companies hiring in Gujarat

Financial services companies in Gujarat with open jobs.

  1. Bank of Baroda

    Commercial bank

    Banks
    See in list
  2. Arman Financial Services

    Auto loans provider

    Consumer and sme loans
    See in list
  3. Pahal Financial Services

    Provider of microfinance services to low-income households

    Microfinance
    See in list
  4. Light Microfinance

    Microloans for empowering small households

    Microfinance
    See in list
  5. Irage

    Provider of trading and investment services across multiple asset classes

    Investment tech
    See in list
24 companies in Gujarat
Mobile reach

Top 10 financial services apps from Gujarat

The most-installed Android apps published by financial services companies headquartered in Gujarat — 2.0M installs between them. 89 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

Prudent Client Desk

by Prudent

Installs359K
Rating4.832K ratings
Installs, year on year+16%
Last updatedMar 2026
View on Google Play ↗
Prudent Client Desk screenshot 1Prudent Client Desk screenshot 2Prudent Client Desk screenshot 3Prudent Client Desk screenshot 4Prudent Client Desk screenshot 5Prudent Client Desk screenshot 6
3

THE KALUPUR COMM. CO-OP. BANK

by Kalupur Bank

Installs298K
Rating—
Last updatedNov 2025
View on Google Play ↗
THE KALUPUR COMM. CO-OP. BANK  screenshot 1THE KALUPUR COMM. CO-OP. BANK  screenshot 2THE KALUPUR COMM. CO-OP. BANK  screenshot 3THE KALUPUR COMM. CO-OP. BANK  screenshot 4
7

Mutual Fund, Save Tax, SIP

by MoneyOnApp

Installs71K
Rating—
Last updatedAug 2022
View on Google Play ↗
Mutual Fund, Save Tax, SIP screenshot 1Mutual Fund, Save Tax, SIP screenshot 2Mutual Fund, Save Tax, SIP screenshot 3Mutual Fund, Save Tax, SIP screenshot 4Mutual Fund, Save Tax, SIP screenshot 5Mutual Fund, Save Tax, SIP screenshot 6
8

SUDICO Mobile Banking

by Sudico Bank

Installs71K
Rating—
Last updatedApr 2026
View on Google Play ↗
SUDICO Mobile Banking screenshot 1SUDICO Mobile Banking screenshot 2SUDICO Mobile Banking screenshot 3SUDICO Mobile Banking screenshot 4SUDICO Mobile Banking screenshot 5SUDICO Mobile Banking screenshot 6
9

hisabkitab: Billing Accounting

by Hisab Kitab

Installs69K
Rating—
Last updatedJun 2026
View on Google Play ↗
hisabkitab: Billing Accounting screenshot 1hisabkitab: Billing Accounting screenshot 2hisabkitab: Billing Accounting screenshot 3hisabkitab: Billing Accounting screenshot 4hisabkitab: Billing Accounting screenshot 5hisabkitab: Billing Accounting screenshot 6
The business behind the activity

Financial services financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 118 financial services companies in Gujarat for FY24-25 — 144 of the 568 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 78% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹15,626.52 cr

118 companies filing accounts

combined net profit₹1,084.66 cr

6.9% aggregate margin

are profitable79%

92 of 118 companies

median revenue~₹4.3 cr

the typical company

median revenue growth+25%

into FY24-25

earned by the top five78%

revenue concentration

Six-year view

Combined revenue of filing companies

₹11,140.61 crFY19-2086 filers
₹8,912.21 crFY20-2192 filers
₹7,632.40 crFY21-22106 filers
₹8,471.61 crFY22-23116 filers
₹12,036.38 crFY23-24118 filers
₹15,626.52 crFY24-25118 filers

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

Like-for-like

The same 104 companies over three years

+85%
FY22-23₹7,853.55 cr₹454.86 cr net
FY23-24₹11,853.82 cr₹910.91 cr net
FY24-25₹14,542.14 cr₹919.11 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 cr3155% profitable
₹1–10 cr4984% profitable
₹10–100 cr2190% profitable
₹100–1,000 cr1486% profitable
Over ₹1,000 cr3100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking29
0–20%21
20–50%25
50–100%19
Doubled+16

110 companies with accounts for both years; median growth +25%.

Profitability

Profit is concentrated at the top

92profitable
25loss-making
6.9%aggregate margin
5.6%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
Murad Properties & ProjectsFRANKLIN INDUSTRIES LIMITED+244%₹175.28 cr
Sameeksha capitalSAMEEKSHA CAPITAL PRIVATE LIMITED
AuSom EnterpriseAUSOM ENTERPRISE LIMITED+147%₹2,406.34 cr
Beeline Capital AdvisorsBEELINE CAPITAL ADVISORS PRIVATE LIMITED+103%₹128.67 cr
IrageIrage Broking Services Llp+69%₹232.31 cr
NSE IFSC Clearing CorporationNSE IFSC CLEARING CORPORATION LIMITED+63%₹27.08 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Emerald InvestmentsTRANSAUTO AND MECHAIDS PRIVATE LIMITED
WEALTH FIRSTWEALTH FIRST PORTFOLIO MANAGERS LIMITED
Sameeksha capitalSAMEEKSHA CAPITAL PRIVATE LIMITED
Dolat AlgotechDOLAT ALGOTECH LIMITED50.8%₹423.81 cr
Chartered Capital And InvestmentCHARTERED CAPITAL AND INVESTMENT LIMITED
Anar InsuranceANAR INSURANCE BROKERS LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Asset management24₹9,524.50 cr~₹5.7 cr88%7.0%
Brokers and dealers11₹3,282.82 cr~₹24.6 cr64%8.3%
Consumer and sme loans8₹520.12 cr~₹2.2 cr71%0.7%
Insurance distribution18₹458.00 cr~₹5.9 cr89%11.1%
Services for investment industry12₹364.09 cr~₹5.4 cr75%5.9%
Finance & accounting services22₹361.24 cr~₹63 lakh77%7.2%
Service providers to banks6₹117.73 cr~₹6.3 cr67%1.9%
Leaders

Largest financial services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Anmol FinsecANMOL FINSEC LIMITED₹5,816.21 cr₹64.47 lakh0.0%+1%
NJ GroupNJ INDIAINVEST PRIVATE LIMITED
AuSom EnterpriseAUSOM ENTERPRISE LIMITED₹2,406.34 cr₹19.62 cr0.8%+147%
PrudentPRUDENT CORPORATE ADVISORY SERVICES LIMITED₹994.86 cr₹156.58 cr15.7%—
Pahal Financial ServicesPAHAL FINANCIAL SERVICES PRIVATE LIMITED₹505.20 cr₹6.37 cr1.3%+9%
Light, Light MicrofinanceLIGHT MICROFINANCE PRIVATE LIMITED₹494.93 cr——-5%
Dolat AlgotechDOLAT ALGOTECH LIMITED₹423.81 cr₹215.44 cr50.8%+39%
IrageIrage Broking Services Llp₹232.31 cr₹36.38 cr15.7%+69%
SKSE SecuritiesSKSE SECURITIES LIMITED₹221.24 cr−₹8.93 cr-4.0%-0%
Health India TPA ServicesHEALTHINDIA INSURANCE TPA SERVICES PRIVATE LIMITED₹178.43 cr₹1.84 cr1.0%+24%
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

Financial Services Industry Landscape of India

The financials above are one chapter. The full financial services landscape of Gujarat 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 financial services landscape of Gujarat
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

Financial services funding and M&A across India

1,188 recorded equity rounds have gone to 9,984 financial services companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months18

US$267.14m

equity rounds, last 24 months74

US$1.20bn

raised over five yearsUS$7.49bn

432 rounds in India

M&A deals, Gujarat16

last 24 months

Capital by year

Equity funding into financial services in India

amount rounds
$1.3bn2018100
$1.8bn2019100
$1.1bn202069
$1.4bn202197
$1.7bn2022110
$1.4bn202376
$2.2bn202486
$639m202552
$190m202611

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$2.15bn across 86 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$57.23m55 rounds · median US$470k
SeedUS$267.35m125 rounds · median US$977k
Series AUS$657.41m74 rounds · median US$5.77m
Series BUS$1.35bn65 rounds · median US$12.03m
Series CUS$1.49bn39 rounds · median US$24.00m
Series D+US$2.69bn61 rounds · median US$29.23m
Private equityUS$976.72m13 rounds · median US$53.65m
Where the money went · five years

Most-funded sub-sectors

Consumer and sme loansUS$4.12bn189 rounds · 83 companies
MicrofinanceUS$824.55m35 rounds · 15 companies
Alternative lendingUS$529.89m27 rounds · 11 companies
BanksUS$520.04m16 rounds · 6 companies
Asset managementUS$504.18m47 rounds · 22 companies
Insurance carriersUS$359.00m10 rounds · 8 companies
Service providers to banksUS$153.11m36 rounds · 16 companies
Corporate activity · last 24 months

M&A in Gujarat

16Acquisition

Most active acquirers

  1. Prudent corporate advisory services2
  2. Online psb loans1
  3. Maithan alloys1
  4. Societe generale1
  5. Mas financial services1

Most acquired or merged

  1. Bank of baroda5
  2. Light3
  3. Online psb loans2
  4. AvenuesAI Limited1
  5. MAS Rural Housing & Mortgage Finance Limited1

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

Go deeper in the financial services landscape reports:

Financial Services Industry Landscape of India

Financial services funding in Gujarat

11 financial services companies in Gujarat have recorded equity funding, US$203.36m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind financial services companies in Gujarat. 172 of 568 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gujarat financial services companies by sub-sector

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

Keep exploring financial services in India and nearby markets.

Coming soon