Company lists
The India edition · 2026

Financial servicescompanies in India

Loans, banks, asset management, insurance, brokers & exchanges and more: the companies building financial services in India, with their founders, funding, team size and business models.

8,236 company profiles2,434 with reported revenue298 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent financial services business events in India

Funding, M&A, contract wins and launches involving 9,984 financial services companies in India, last 24 months: 576 M&A deals · 266 funding rounds · 220 Contracts · 144 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractService

Indian overseas bank · client: National

National Aluminium Company Limited (NALCO) has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) to roll out a Corporate Salary Package for its employees.

Banking
M&AAcquisition · Completed

Life insurance corporation of india acquires NHPC

Life Insurance Corporation of India (LIC) has increased its holding in state-owned hydropower major NHPC Ltd by acquiring a 0.76 per cent stake through open market transactions on June…

Hydropower
M&AAcquisition · Pending

Bain capital acquires Perpetual wealth management

Now Bain Capital, which had also earlier been looking at Perpetual Wealth Management, is in exclusive talks to buy the Perpetual unit. Sources say it is working hard on completing a deal.

Wealth management
M&AAcquisition · Announced

Axis bank acquires Axis Max Life Insurance

Private lender Axis Bank on Monday said it has raised its stake in Axis Max Life Insurance Company to 19.9%.

Insurance
M&AAcquisition · Announced

Corient acquires Capital advisors

Corient announced an agreement to acquire Capital Advisors, a Tulsa, Oklahoma-based RIA with $7.8 billion in assets under management (AUM).

Investment Advisory / RIA
M&AAcquisition · Announced

Mirae asset mutual fund acquires Equitas small finance bank

It has informed that the Reserve Bank of India has granted approval to Mirae Asset Mutual Fund to acquire a stake of up to 9.5% in the bank's paid-up capital or voting rights.

Banking
FundingEquity Investment

Axis Max Life Insurance

Axis Bank has additionally invested in equity shares of Axis Max Life Insurance Company for an amount of up to Rs 380 crore.

Investors Axis bank
Insurance
M&AAcquisition · Announced

Na acquires Central bank of india

Khaitan & Co, acted as legal counsel to the Broker, Goldman Sachs (India) Securities Private Limited, in relation to the offer for sale of equity shares of Central Bank of India held by…

Banking/Financial Services
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
M&AAcquisition · Completed

Authum investment & infrastructure acquires Prataap Snacks

Promoter Authum Investment & Infrastructure has acquired 3.11 lakh shares (1.3 percent) in Prataap Snacks for Rs 31.26 crore at Rs 1,004.38 per share.

Snack food manufacturer
M&AAcquisition · Completed

Lic acquires Central bank of india

In an exchange filing, the Central Bank of India said LIC acquired 26.26 crore equity shares, representing 2.901% stake in the public sector lender, through market purchases on May 22.

Banking
M&AAcquisition · Completed

TVS Motor acquires Jana small finance bank

The acquisition was finalised on 22nd May 2026, marking a significant step for TVS Motor in expanding its investment portfolio. The company now holds a 4.90% stake in Jana Small Finance…

Financial Services
M&AAcquisition · Announced

Corient acquires Capital advisors

Corient announced an agreement to acquire Capital Advisors, a Tulsa, Oklahoma-based RIA with $7.8 billion in assets under management (AUM).

Wealth management
M&AAcquisition · Announced

TVS Motor Company Limited acquires Jana small finance bank

Jana Holdings Limited agreed to sell approximately 4.9% (four point nine percent) of the total paid-up equity share capital of Jana Small Finance Bank to TVS Motor Company Limited. The…

Banking
M&AMerger · Announced

Power finance acquires REC Limited

The decks have been cleared for the merger of REC Limited with the Power Finance Corporation (PFC), with the boards of the two government-owned companies approving the proposal made in…

Power Finance
M&AAcquisition · Announced

TVS Venu Group acquires Jana small finance bank

TVS Venu Group acquired a 9.9 per cent stake in Jana Small Finance Bank for ₹193.3 crore as part of a broader investment to deepen its presence in India's financial services sector, the…

Small Finance Banking
M&AAcquisition · Announced

TVS VENU acquires Jana small finance bank

TVS VENU has agreed to acquire a minority stake in Jana Small Finance Bank through a combination of primary issuance of warrants and secondary share purchases. The transaction will…

Banking
M&AAcquisition · Announced

Tvs credit services acquires Jana small finance bank

The investment in Jana Small Finance Bank will allow for mutual collaboration in various areas for the long-term success of the Bank, subject to applicable laws, according to a statement.

Banking
M&AAcquisition · Announced

Tvs group acquires Jana small finance bank

the TVS Group is set to acquire a 9.99% stake in Jana Small Finance Bank through a preferential allotment, marking a significant strategic investment in the small finance banking space.

Banking
M&AAcquisition · Announced

Emirates NBD Bank acquires Rbl bank

The proposed investment, by way of primary infusion of approximately USD 3 billion (about 26,850 crore) represents one of the largest international investments in the Indian banking sector.

Banking
M&AAcquisition · Announced

Shivalik small finance bank acquires ManiBhavnam Home Finance

Shivalik Small Finance Bank, backed by Japan's largest lender Sumitomo Mitsui Banking Corporation (SMBC), is in the final stages of acquiring Delhi-based ManiBhavnam Home Finance in a…

Housing Finance
ContractInfrastructure

Nbcc (india) limited · client: Canara bank

The company will also construct residential apartments for Canara Bank in Punkunnam, Thrissur, with a project value of approximately ₹7.46 crore.

Residential Real Estate
ContractGovernment

Dynacons Systems and Solutions · client: Reserve bank of india

after the IT infrastructure company announced it has secured a Rs 750.82 crore order from the Reserve Bank of India to set up and manage private cloud infrastructure across the central…

IT infrastructure
ContractInfrastructure

Dynacons Systems & Solutions · client: Reserve bank of india

Dynacons Systems & Solutions Ltd has secured a major contract from the Reserve Bank of India worth ₹750.82 crore for building private cloud infrastructure for its data centres.

Banking
ContractService

Dynacons Systems & Solutions · client: Punjab & sind bank

In February, Dynacons had secured a ₹108.88 crore contract from Punjab & Sind Bank for implementing and managing an on-premises private cloud infrastructure over five years.

Technology
M&AAcquisition · Completed

Barclays acquires Tesco’s banking arm

Barclays’ £600m takeover of Tesco’s banking arm last year.

Retail banking
M&AMerger · Announced

Tjsb sahakari bank acquires The Bhavani Sahakari Bank Ltd.

the Reserve Bank of India has approved the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank.

Cooperative banking
M&AAcquisition · Announced

Federal bank acquires Standard Chartered Bank

Federal Bank said it agreed to acquire a select credit card portfolio of around 4.5 lakh cards from Standard Chartered Bank, India, comprising customers with standalone card relationships.

Banking
ContractService

Welspun enterprises · client: Indo Global Soft Solutions and Technologies Pvt Ltd

In March 2026, Welspun Enterprises Ltd had leased 4.5 lakh sq ft of commercial office space in Radius IT Park in Pune's Hinjewadi for over ₹82 crore, according to property registration…

Real Estate
M&AAcquisition · Announced

Federal bank acquires Standard Chartered Bank India

Federal Bank has entered into an agreement with Standard Chartered Bank India to acquire the British lender’s select portfolio of credit card business for an undisclosed sum.

Banking

Financial services companies in India, by revenue

Browse financial services companies in India 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 2,434 financial services companies in India 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 commercial banking and financial services

Banks
₹594,574.90 crFY 2023-24
Not reported
235,858-1% 12 mo to Mar 2023recorded Mar 2023
220 yr1806
0none in 3 months

Provider of commercial banking services

Banks
₹236,037.73 crFY 2023-24
Not reported
182,064+6% 12 mo to Jun 2024LinkedIn · Jul 2026
32 yr1994
0none in 3 months · last posted Jun 2026

Banking regulatory authority

Financial regulatory authorities
₹160,112.13 crFY 2021-22
Not reported
12,276+1842% vs previous recordrecorded
91 yr1935
3postings · last posted Aug 2026

Provider of housing finance solutions

Consumer and sme loans
₹135,968.08 crFY 2021-22
Not reported
11,888+23% 12 mo to Mar 2024LinkedIn · Jul 2026
49 yr1977
23postings · last posted Aug 2026

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

Commercial bank

Banks
₹139,164.94 crFY 2023-24
Not reported
24,830-3% 12 mo to Mar 2024LinkedIn · Jul 2026
120 yr1906
0none in 3 months

Provider of commercial bank services

Banks
₹122,394.01 crFY 2023-24
Not reported
26,819+1% 12 mo to Mar 2023LinkedIn · Jul 2026
132 yr1894
0none in 3 months

Provider of a commercial banking services

Banks
₹94,273.91 crFY 2023-24
Not reported
87,012-29% 12 mo to Sep 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Real estate and infrastructure financing firm

Consumer and sme loans
₹76,344.92 crFY 2021-22
Not reported
718+6% 12 mo to Mar 2024LinkedIn · Jul 2026
40 yr1986
—No postings tracked

Provider of auto finance services

Auto retail & aftersales
₹69,724.78 crFY 2024-25
+27%2024–2025
4,480+19% 12 mo to Sep 2024LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Commercial bank

Banks
₹67,306.47 crFY 2023-24
Not reported
51,825recorded
120 yr1906
1postings · last posted Jul 2026

Provider of personal, commercial, transactional, and electronic banking products & services

Banks
₹55,143.98 crFY 2023-24
Not reported
53,927+20% 12 mo to Mar 2024LinkedIn · Jul 2026
32 yr1994
11postings · last posted Jul 2026

Commercial bank

Banks
₹52,789.66 crFY 2022-23
Not reported
16,482-1% 12 mo to Mar 2024LinkedIn · Jul 2026
119 yr1907
1postings · last posted Sep 2026

Life insurance carrier

Insurance carriers
₹46,497.24 crFY 2024-25
+0%2024–2025
38,402+6% 12 mo to Sep 2024recorded Sep 2024
42 yr1984
0none in 3 months · last posted Jun 2026

Commercial bank

Banks
₹43,478.30 crFY 2024-25
+20%2024–2025
52,464-14% 12 mo to Aug 2024LinkedIn · Jul 2026
29 yr1997
698postings · last posted Sep 2026

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

Consumer and sme loans
₹40,723.75 crFY 2024-25
+18%2024–2025
32,090-96% 12 mo to Aug 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Commercial bank

Banks
₹37,075.62 crFY 2024-25
+12%2024–2025
40,199+6% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
153postings · last posted Sep 2026

Commercial bank

Banks
₹35,561.98 crFY 2023-24
Not reported
30,770+2% 12 mo to Mar 2023recorded Mar 2023
115 yr1911
—No postings tracked

Commercial bank

Banks
₹29,730.97 crFY 2023-24
Not reported
7,738+18% 12 mo to Mar 2024LinkedIn · Jul 2026
89 yr1937
0none in 3 months

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

Diversified non-banking financial company

Consumer and sme loans
₹28,369.87 crFY 2024-25
+56%2024–2025
25,287+54436% 12 mo to Jul 2024LinkedIn · Jul 2026
19 yr2007
1,007postings · last posted Sep 2026

Diversified lending NBFI for consumer and business loans

Consumer and sme loans
₹28,110.70 crFY 2024-25
+3%2024–2025
2,341-0% 12 mo to Sep 2024recorded Sep 2024
37 yr1989
2postings · last posted Jul 2026

Private sector bank

Banks
₹26,781.95 crFY 2023-24
Not reported
14,658+99% vs previous recordrecorded
95 yr1931
—No postings tracked

Diversified conglomerate operating across multiple industries

Consumer and sme loans
₹26,086.76 crFY 2023-24
Not reported
—Not available
77 yr1949
—No postings tracked

Commercial bank

Banks
₹25,119.87 crFY 2023-24
Not reported
6,920-1% 12 mo to Mar 2024LinkedIn · Jul 2026
83 yr1943
2postings · last posted Aug 2026
50 of 8,236 companies shown here · the full list is on Radar
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Explore all 8,236 financial services companies in India on Radar

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

Open financial services in India on Radar
  • Every company, not just 50All 8,236 financial services companies in India, filterable by stage, funding, team size, revenue model and age.
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Explore financial services companies in India by what you are looking for

Browse financial services companies in India, from banks and NBFC lenders to asset managers, insurers and brokers. Find listed financial services companies, startups and firms that are hiring.

9 ways to explore financial services in India

Loan providers, NBFCs & microfinanceBanks & banking service providersAsset management & wealth management companiesInsurance companies & brokersStock brokers & financial exchangesAccounting, tax & financial advisory firms

Loan providers, NBFCs & microfinance

Consumer, SME, home and vehicle loan providers and microfinance lenders.

  1. Helpage Finlease

    Provider of diversified SME loans

    Consumer and sme loans
    Website
  2. HDFC

    Provider of housing finance solutions

    Consumer and sme loans
    See in list
  3. PFC

    Real estate and infrastructure financing firm

    Consumer and sme loans
    See in list
  4. Bajaj Auto Finance

    Provider of auto finance services

    Auto retail & aftersales
    See in list
  5. Aditya Birla Capital

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

    Consumer and sme loans
    See in list

Asset management & wealth management companies

Asset managers, wealth managers, financial advisors and investment firms.

  1. Motilal Oswal Private Wealth

    Provider of wealth management services

    Asset management
    See in list
  2. Piramal Capital & Housing Finance

    Provider of consumer, housing, and business loans

    Consumer and sme loans
    Website
  3. Anmol Finsec

    Provider of financial and retirement planning services

    Asset management
    Website
  4. SBI Mutual Fund

    Provider of mutual fund investments, retirement planning, and wealth creation services

    Asset management
    Website
  5. JM Financial

    Investment bank firm focused on multiple sectors

    Investment banks
    Website

Insurance companies & brokers

Insurance carriers, brokers and claims service providers.

  1. Max Financial Services

    Life insurance carrier

    Insurance carriers
    See in list
  2. Aditya Birla Capital

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

    Consumer and sme loans
    See in list
  3. ICICI Lombard

    Provider of life, health, and general insurance services

    Insurance carriers
    See in list
  4. Reliance Life

    Life insurance provider.

    Insurance carriers
    Website
  5. HDFC Life

    Provider of life insurance services

    Insurance carriers
    Website

Stock brokers & financial exchanges

Brokers, dealers, trading platforms and stock exchanges.

  1. SunriseGilts

    Provider of equity and debt brokerage services and financial solutions

    Brokers and dealers
    See in list
  2. NSE

    Provider of stock exchange services

    Financial exchanges
    See in list
  3. Sanghavi Bullion

    Price watchlist for bullion trading

    Brokers and dealers
    See in list
  4. SB Ornaments

    Company that specializes in bullion, particularly gold and silver bars and coins

    Brokers and dealers
    See in list
  5. HDFC securities

    Online trading and investment platform

    Brokers and dealers
    Website

Accounting, tax & financial advisory firms

Accounting, tax, consulting and compliance service providers.

  1. Mycloudaccounts.com

    Provider of accounting, bookkeeping, payroll, and other financial services

    Finance & accounting services
    Website
  2. Paperchase Accountancy

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

    Finance & accounting services
    Website
  3. RSM India

    Provider of tax and auditing services

    Finance & accounting services
    Website
  4. Escalon Services

    Provider of outsourced HR, tax, and financial operations services

    Finance & accounting services
    Website
  5. FlowEdge

    FlowEdge

    Grc services
    Website

Financial services startups in India

Newer financial services companies founded in recent years.

  1. Lt Housing Finance

    Platform offering home loans to middle and premium segments

    Consumer and sme loans
    Website
  2. Great Kapital

    Provider of financial services

    Financial services industry associations
    Website
  3. Rexcin Finance

    Provider of embedded finance and personal loan services to customers

    Service providers to banks
    Website
  4. National Asset Reconstruction

    Non-banking financial institution tasked with cleaning up legacy stressed assets

    Service providers to banks
    Website
  5. Torroz

    Provider of curated investment opportunities in diverse financial securities

    Services for investment industry
    Website
999 companies in India

Financial services companies hiring in India

Financial services companies currently hiring.

  1. ICICI Bank

    Provider of commercial banking services

    Banks
    See in list
  2. Reserve Bank of India

    Banking regulatory authority

    Financial regulatory authorities
    See in list
  3. HDFC

    Provider of housing finance solutions

    Consumer and sme loans
    See in list
  4. Bank of Baroda

    Commercial bank

    Banks
    See in list
  5. IndusInd Bank

    Provider of personal, commercial, transactional, and electronic banking products & services

    Banks
    See in list
61 companies in India

Listed financial services companies in India

Publicly listed financial services companies and their share listings.

  1. SBI

    Provider of commercial banking and financial services

    Banks
    See in list
  2. Helpage Finlease

    Provider of diversified SME loans

    Consumer and sme loans
    Website
  3. ICICI Bank

    Provider of commercial banking services

    Banks
    See in list
  4. HDFC

    Provider of housing finance solutions

    Consumer and sme loans
    See in list
  5. Bank of Baroda

    Commercial bank

    Banks
    See in list
421 companies in India
Mobile reach

Top 10 financial services apps from India

The most-installed Android apps published by financial services companies headquartered in India — 834.3M installs between them. 988 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Bajaj Finserv: Loans, UPI & FD

by Bajaj Finserv

Installs190.9M
Rating4.767.3M ratings
Last updatedMar 2026
View on Google Play ↗
Bajaj Finserv: Loans, UPI & FD screenshot 1Bajaj Finserv: Loans, UPI & FD screenshot 2Bajaj Finserv: Loans, UPI & FD screenshot 3Bajaj Finserv: Loans, UPI & FD screenshot 4Bajaj Finserv: Loans, UPI & FD screenshot 5Bajaj Finserv: Loans, UPI & FD screenshot 6
3

Yono Lite SBI - Mobile Banking

by SBI

Installs95.1M
Rating3.32.7M ratings
Installs, year on year+12%
Last updatedMay 2026
View on Google Play ↗
Yono Lite SBI - Mobile Banking screenshot 1Yono Lite SBI - Mobile Banking screenshot 2Yono Lite SBI - Mobile Banking screenshot 3Yono Lite SBI - Mobile Banking screenshot 4Yono Lite SBI - Mobile Banking screenshot 5Yono Lite SBI - Mobile Banking screenshot 6
5

bob World:Banking & Experience

by Bank of Baroda

Installs85.1M
Rating4.081.3M ratings
Installs, year on year+19%
Last updatedMay 2026
View on Google Play ↗
bob World:Banking & Experience screenshot 1bob World:Banking & Experience screenshot 2bob World:Banking & Experience screenshot 3bob World:Banking & Experience screenshot 4bob World:Banking & Experience screenshot 5bob World:Banking & Experience screenshot 6
6

iMobile: Loan, Cards & Banking

by Bank.in

Installs69.4M
Rating4.626.6M ratings
Last updatedMay 2026
View on Google Play ↗
iMobile: Loan, Cards & Banking screenshot 1iMobile: Loan, Cards & Banking screenshot 2iMobile: Loan, Cards & Banking screenshot 3iMobile: Loan, Cards & Banking screenshot 4iMobile: Loan, Cards & Banking screenshot 5iMobile: Loan, Cards & Banking screenshot 6
8

Canara ai1- Mobile Banking App

by Canara Bank

Installs55.6M
Rating4.071.7M ratings
Installs, year on year+37%
Last updatedMay 2026
View on Google Play ↗
Canara ai1- Mobile Banking App screenshot 1Canara ai1- Mobile Banking App screenshot 2Canara ai1- Mobile Banking App screenshot 3Canara ai1- Mobile Banking App screenshot 4Canara ai1- Mobile Banking App screenshot 5Canara ai1- Mobile Banking App screenshot 6
9

Kotak Bank: 811 Mobile App

by Kotak 811

Installs49.2M
Rating4.711.4M ratings
Last updatedMay 2026
View on Google Play ↗
Kotak Bank: 811 Mobile App screenshot 1Kotak Bank: 811 Mobile App screenshot 2Kotak Bank: 811 Mobile App screenshot 3Kotak Bank: 811 Mobile App screenshot 4Kotak Bank: 811 Mobile App screenshot 5Kotak Bank: 811 Mobile App screenshot 6
10

IDFC FIRST Bank: MobileBanking

by IDFC First Bank

Installs40.7M
Rating4.862.7M ratings
Installs, year on year+45%
Last updatedMay 2026
View on Google Play ↗
IDFC FIRST Bank: MobileBanking screenshot 1IDFC FIRST Bank: MobileBanking screenshot 2IDFC FIRST Bank: MobileBanking screenshot 3IDFC FIRST Bank: MobileBanking screenshot 4IDFC FIRST Bank: MobileBanking screenshot 5IDFC FIRST Bank: MobileBanking screenshot 6
The business behind the activity

Financial services financials in India

Revenue, profit and growth from the filed annual accounts of 2106 financial services companies in India for FY24-25 — 2,772 of the 8,236 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 23% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹313,273.32 cr

2106 companies filing accounts

combined net profit₹40,251.00 cr

12.8% aggregate margin

are profitable76%

1589 of 2106 companies

median revenue~₹6.1 cr

the typical company

median revenue growth+18%

into FY24-25

earned by the top five23%

revenue concentration

Six-year view

Combined revenue of filing companies

₹210,858.72 crFY19-201900 filers
₹219,697.53 crFY20-212030 filers
₹243,751.90 crFY21-222143 filers
₹305,490.31 crFY22-232229 filers
₹355,553.89 crFY23-242271 filers
₹313,273.32 crFY24-252106 filers

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

Like-for-like

The same 1902 companies over three years

+51%
FY22-23₹192,477.77 cr₹25,482.60 cr net
FY23-24₹239,286.07 cr₹34,016.14 cr net
FY24-25₹290,074.64 cr₹42,241.56 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 cr53352% profitable
₹1–10 cr67382% profitable
₹10–100 cr63184% profitable
₹100–1,000 cr20985% profitable
Over ₹1,000 cr6082% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking598
0–20%454
20–50%459
50–100%240
Doubled+273

2024 companies with accounts for both years; median growth +18%.

Profitability

Profit is concentrated at the top

1589profitable
501loss-making
12.8%aggregate margin
5.2%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
Advance India Insurance Broker ServicesADVANCE INDIA INSURANCE BROKER SERVICES LIMITED+992%
SN CapitalSN CAPITAL MANAGEMENT PRIVATE LIMITED+962%₹98.37 cr
Srifin CreditSRIFIN CREDIT PRIVATE LIMITED₹28.10 cr
Royal India CorporationROYAL INDIA CORPORATION LIMITED₹222.73 cr
GrowXCDGROWXCD FINANCE PRIVATE LIMITED+663%₹28.68 cr
InPrime FinservSTK CREDIT PRIVATE LIMITED₹10.06 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NCDEXNATIONAL COMMODITY AND DERIVATIVES EXCHANGE LIMITED₹44.76 cr
Emerald InvestmentsTRANSAUTO AND MECHAIDS PRIVATE LIMITED90.5%
Manphool ExportsMANPHOOL EXPORTS LTD₹64.45 cr
Kanji ForexKANJI FOREX PRIVATE LIMITED₹72.08 cr
Sundaram Finance HoldingsTSF INVESTMENTS LIMITED84.7%₹278.67 cr
3A Financial Services3A CAPITAL SERVICES LIMITED79.5%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Consumer and sme loans342₹70,976.04 cr~₹11.6 cr75%1.4%
Brokers and dealers127₹48,632.50 cr~₹20.1 cr78%8.2%
Asset management430₹45,331.60 cr~₹4.6 cr76%26.9%
Banks25₹38,881.82 cr~₹9.8 cr68%5.0%
Financial exchanges19₹33,980.23 cr~₹17.4 cr74%37.5%
Insurance distribution244₹10,344.95 cr~₹6.0 cr88%9.9%
Service providers to banks140₹10,267.47 cr~₹8.5 cr78%14.1%
Services for investment industry190₹9,242.72 cr~₹4.3 cr71%10.3%
Leaders

Largest financial services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
NSENATIONAL STOCK EXCHANGE OF INDIA LTD.
HDB Financial ServicesHdb Financial Services Limited
Citicorp FinanceCITICORP SERVICES INDIA PRIVATE LIMITED
Sanghavi BullionSANGHAVI BULLION PRIVATE LIMITED
CapsGoldCAPS GOLD PRIVATE LIMITED
GSFCGUJARAT STATE FERTILIZERS & CHEMICALS LIMITED₹9,741.66 cr₹573.18 cr5.9%+5%
Bajaj Housing FinanceBajaj Housing Finance Limited
GravitonGraviton Research Capital Llp
Tata Capital Housing FinanceTATA CAPITAL HOUSING FINANCE LIMITED₹6,975.36 cr₹1,498.93 cr+34%
Tamilnad Mercantile BankTamilnad Mercantile Bank Limited₹6,141.75 cr+12%
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 India 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 India
For investors and data teams

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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 India 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, India576

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 India

512Acquisition
51Merger
4Announced

Most active acquirers

  1. Sbi mutual fund17
  2. Na16
  3. Life insurance corporation of india12
  4. Authum investment & infrastructure12
  5. Corient10

Most acquired or merged

  1. Yes bank18
  2. Sammaan Capital13
  3. Rbl bank11
  4. Nuvama Wealth Management9
  5. Shriram finance8

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

Financial services funding in India

298 financial services companies in India have recorded equity funding, US$15.06bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind financial services companies in India. 2,875 of 8,236 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India financial services companies by sub-sector

The most common specialisations among financial services companies in India. 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