Company lists
The Surat edition · 2026

Financial servicescompanies in Surat

Wealth management, accounting & tax, services to banks, insurance, investment services and more: the companies building financial services in Surat, Gujarat, with their founders, funding, team size and business models.

84 company profiles22 with reported revenue2 with recorded fundingOctober 2026 edition
Surat · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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: 556 M&A deals · 257 funding rounds · 212 Contracts · 140 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 · 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 · 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

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
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
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

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

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

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 acquires Jana small finance bank

Under the SPA the acquisition is expected to be completed within three months from May 18 TVS Motor Company, on Monday, May 18, said it will acquire a 4.9% stake in Jana Small Finance…

Financial Services
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 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

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

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

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
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

Nbcc (india) limited · client: Canara bank

NBCC has secured a contract for the construction of an office building and residential quarters for Canara Bank in Palarivattom, Kochi, valued at approximately ₹54.35 crore.

Banking and Residential 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

The Board of Directors of Federal Bank, at its meeting held on April 30, 2026, has approved that the bank proceed to enter into a deed of assignment with Standard Chartered Bank, India,…

Banking

Financial services companies in Surat, by revenue

Browse financial services companies in Surat by reported revenue, one-year revenue growth, revenue model, age and stage. The 22 companies below are the largest by their most recent reported revenue among 22 financial services companies in Surat, 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 22 of 22

Insurance broker

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

Discount brokerage firm offering trading

Brokers and dealers
₹61.47 crFY 2024-25
-7%2024–2025
—Not available
14 yr2012
0none in 3 months

Provider of financial and mutual fund services

Service providers to banks
₹38.40 crFY 2023-24
Not reported
46LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of debt collection services catered to banks and non-banking financial companies

Service providers to banks
₹23.96 crFY 2024-25
+12%2024–2025
26LinkedIn · Oct 2026
25 yr2001
1postings · last posted Sep 2026

Diversified conglomerate operating across multiple industries

Asset management
₹20.10 crFY 2021-22
Not reported
3,064+36% vs previous recordLinkedIn · Oct 2026
32 yr1994
11postings · last posted Sep 2026

Insurance brokerage firm offering diversified products and solutions

Insurance distribution
₹10.65 crFY 2024-25
+30%2024–2025
53LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of wealth & portfolio management services

Asset management
₹8.71 crFY 2024-25
-56%2024–2025
8LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Provider of financial portfolio assessment and investment advisory services

Asset management
₹7.02 crFY 2024-25
Not reported
26LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of wealth management services

Asset management
₹6.47 crFY 2024-25
+58%2024–2025
63LinkedIn · Jul 2026
24 yr2002
1postings · last posted Sep 2026

Provider of wealth management services

Asset management
₹6.40 crFY 2024-25
+59%2024–2025
43LinkedIn · Jul 2026
14 yr2012
1postings · last posted Aug 2026

Provider of loans against gold

Consumer and sme loans
₹5.09 crFY 2022-23
Not reported
16LinkedIn · Oct 2026
33 yr1993
—No postings tracked

Provider of financial services for investment industry

Services for investment industry
₹5.21 crFY 2024-25
+70%2024–2025
76+31% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Jul 2026

Provider of insurance solutions, investment advice, and stock market services to individuals and institutions

Asset management
₹4.60 crFY 2024-25
+32%2024–2025
27LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Diversified asset management firm

Asset management
₹4.22 crFY 2024-25
-55%2024–2025
—Not available
21 yr2005
0none in 3 months · last posted Jul 2026

Provider of financial, accounting, and legal services

Finance & accounting services
₹4.19 crFY 2024-25
+165%2024–2025
23LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Financial consolidation and consultation platform

Asset management
₹2.16 crFY 2024-25
-56%2024–2025
—Not available
6 yr2020
0none in 3 months

Provider of investment advisory, portfolio management, and mutual fund services

Services for investment industry
₹2.14 crFY 2024-25
+3%2024–2025
18LinkedIn · Jul 2026
8 yr2018
1postings · last posted Aug 2026

Provider of personalized financial consultation and services

Service providers to banks
₹78.59 lakhFY 2024-25
Not reported
—Not available
2 yr2024
0none in 3 months

Provider of life, health, and general insurance brokerage services

Insurance distribution
₹70.94 lakhFY 2024-25
-6%2024–2025
1LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of digital personal & business loans

Consumer and sme loans
₹51.62 lakhFY 2024-25
+20%2024–2025
—Not available
5 yr2021
0none in 3 months

Provider of accounting and tax compliance services

Finance & accounting services
₹18.91 lakhFY 2024-25
-90%2024–2025
38LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of accounting and bookkeeping solutions

Finance & accounting services
₹1.95 lakhFY 2024-25
+87%2024–2025
—Not available
4 yr2022
0none in 3 months
22 of 84 companies shown here · the full list is on Radar
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Explore financial services companies in Surat by what you are looking for

Browse the top financial services companies in Surat, from wealth managers and insurance brokers to loan providers and accountants. See financial services startups in Surat and companies hiring there.

9 ways to explore financial services in Surat

Wealth & asset management companiesAccounting, tax & finance consulting firmsService providers to banks & NBFCsInsurance brokers & distributorsInvestment advisory, stock broking & venture firmsLoan providers & credit consultants

Wealth & asset management companies

Wealth managers, portfolio managers and financial planners.

  1. NJ Group

    Diversified conglomerate operating across multiple industries

    Asset management
    See in list
  2. Mehta Prime Wealth

    Provider of wealth & portfolio management services

    Asset management
    See in list
  3. Turtle Wealth

    Provider of financial portfolio assessment and investment advisory services

    Asset management
    See in list
  4. FinIdeas

    Provider of wealth management services

    Asset management
    See in list
  5. Torin Wealth

    Provider of wealth management services

    Asset management
    See in list

Accounting, tax & finance consulting firms

Providers of accounting, bookkeeping, tax and audit services.

  1. Finaccle

    Provider of financial, accounting, and legal services

    Finance & accounting services
    See in list
  2. Hisab Kitab

    Provider of accounting and tax compliance services

    Finance & accounting services
    See in list
  3. Rapportant

    Provider of accounting and bookkeeping solutions

    Finance & accounting services
    See in list
  4. agarwal & dhandhania chartered accountants

    Agarwal & Dhandhania is an accounting firm that offers auditing, tax advisory, and management consulting services.

    Finance & accounting services
    Website
  5. Offshoretask

    Provider of offshore staffing solutions for accounting and non-accounting positions

    Finance & accounting tech
    Website

Service providers to banks & NBFCs

Debt collection, credit counselling and financial consultation for banks and lenders.

  1. NJ CAPITAL

    Provider of financial and mutual fund services

    Service providers to banks
    See in list
  2. Focus Business Solution

    Provider of debt collection services catered to banks and non-banking financial companies

    Service providers to banks
    See in list
  3. Capital Fincare

    Provider of personalized financial consultation and services

    Service providers to banks
    See in list
  4. Kumbhat Advisors

    Provider of investment banking, advisory, debt syndication, retail finance services

    Investment banks
    Website
  5. RupeeNex

    Provider of financial planning services including loan, insurance, and mutual funds

    Service providers to banks
    Website

Insurance brokers & distributors

Brokers and agents offering life, health, motor and general insurance.

  1. NJ Insurance Brokers

    Insurance broker

    Insurance distribution
    See in list
  2. AUM

    Insurance brokerage firm offering diversified products and solutions

    Insurance distribution
    See in list
  3. SystemEthic

    Provider of life, health, and general insurance brokerage services

    Insurance distribution
    See in list
  4. Kalash Investment

    Provider of investment and insurance solutions

    Insurance carriers
    Website
  5. Achyutam FinServ

    Financial distributor that offers insurance, health insurance, and group insurance services

    Insurance carriers
    Website

Investment advisory, stock broking & venture firms

Stock brokers, investment advisers and private equity or venture firms.

  1. PARIM FINSERV

    Discount brokerage firm offering trading

    Brokers and dealers
    See in list
  2. Vijya Fintech

    Provider of financial services for investment industry

    Services for investment industry
    See in list
  3. Niveshaay

    Provider of investment advisory and research services

    Investment research services
    Website
  4. Shah Business Ventures

    Private equity and venture capital investment firm focused on supporting early-stage businesses

    Services for investment industry
    Website
  5. JBV Broking

    Provider of brokerage and fintech services for stock market investments

    Brokers and dealers
    Website

Loan providers & credit consultants

Personal, business and gold loan providers and loan consultants.

  1. Marg Techno-Projects

    Provider of loans against gold

    Consumer and sme loans
    See in list
  2. Shaan Finance

    Provider of personal loans, advance salary loans, and student fee financing

    Consumer and sme loans
    Website
  3. VO Fincorp

    Provider of group loan, business loan and personal loans

    Consumer and sme loans
    Website
  4. Laxmi Bazaar

    Provider of customized loan solutions for businesses and individuals

    Service providers to banks
    Website
  5. Prerana Consultancy

    Loan consultancy providing loan options from various banks and NBFCs

    Consumer and sme loans
    Website

Co-operative & commercial banks

Banks offering deposit accounts, loans and digital banking.

  1. Akhand Anand Co-Operative Bank

    Urban co-operative bank

    Banks
    Website
  2. Sudico Bank

    Provider of deposit accounts, loan services, and digital banking solutions

    Banks
    Website
  3. NJ CAPITAL

    Provider of financial and mutual fund services

    Service providers to banks
    See in list
  4. Focus Business Solution

    Provider of debt collection services catered to banks and non-banking financial companies

    Service providers to banks
    See in list
  5. Capital Fincare

    Provider of personalized financial consultation and services

    Service providers to banks
    See in list

Financial services startups in Surat

Newer financial services companies founded in the last few years.

  1. Vijya Fintech

    Provider of financial services for investment industry

    Services for investment industry
    See in list
  2. Capital Fincare

    Provider of personalized financial consultation and services

    Service providers to banks
    See in list
  3. Rupeekx

    Provider of digital personal & business loans

    Consumer and sme loans
    See in list
  4. Hisab Kitab

    Provider of accounting and tax compliance services

    Finance & accounting services
    See in list
  5. Rapportant

    Provider of accounting and bookkeeping solutions

    Finance & accounting services
    See in list
20 companies in Surat

Financial services companies hiring in Surat

Financial services companies in Surat with open roles.

  1. Focus Business Solution

    Provider of debt collection services catered to banks and non-banking financial companies

    Service providers to banks
    See in list
  2. NJ Group

    Diversified conglomerate operating across multiple industries

    Asset management
    See in list
  3. FinIdeas

    Provider of wealth management services

    Asset management
    See in list
  4. Torin Wealth

    Provider of wealth management services

    Asset management
    See in list
  5. Vijya Fintech

    Provider of financial services for investment industry

    Services for investment industry
    See in list
14 companies in Surat
Mobile reach

Top 10 financial services apps from Surat

The most-installed Android apps published by financial services companies headquartered in Surat — 241K installs between them. 15 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

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
2

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
7

Finideas

by FinIdeas

Installs4K
Rating—
Last updatedApr 2026
View on Google Play ↗
Finideas screenshot 1Finideas screenshot 2Finideas screenshot 3
The business behind the activity

Financial services financials in Surat

Revenue, profit and growth from the filed annual accounts of 22 financial services companies in Surat, Gujarat for FY24-25 — 25 of the 84 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 98% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹2,718.69 cr

22 companies filing accounts

combined net profit₹437.69 cr

16.1% aggregate margin

are profitable77%

17 of 22 companies

median revenue~₹4.1 cr

the typical company

median revenue growth+16%

into FY24-25

earned by the top five98%

revenue concentration

Six-year view

Combined revenue of filing companies

₹84.87 crFY19-2012 filers
₹95.23 crFY20-2113 filers
₹271.67 crFY21-2214 filers
₹1,674.16 crFY22-2319 filers
₹2,236.32 crFY23-2423 filers
₹2,718.69 crFY24-2522 filers

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

Like-for-like

The same 17 companies over three years

+64%
FY22-23₹1,647.57 cr₹247.56 cr net
FY23-24₹2,170.79 cr₹480.24 cr net
FY24-25₹2,707.10 cr₹436.84 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 cr757% profitable
₹1–10 cr1080% profitable
₹10–100 cr3100% profitable
₹100–1,000 cr1100% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking8
0–20%3
20–50%6
50–100%3
Doubled+2

22 companies with accounts for both years; median growth +16%.

Profitability

Profit is concentrated at the top

17profitable
5loss-making
16.1%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
AUMAUM INSURANCE BROKERS PRIVATE LIMITED+30%₹10.65 cr
NJ GroupNJ INDIAINVEST PRIVATE LIMITED+27%₹2,413.85 cr
Focus Business SolutionFOCUS BUSINESS SOLUTION LIMITED+12%₹23.96 cr
NJ Insurance BrokersNJ INSURANCE BROKERS PRIVATE LIMITED+12%₹158.77 cr
PARIM FINSERVParim Finserv Private Limited-7%₹61.47 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NJ Insurance BrokersNJ INSURANCE BROKERS PRIVATE LIMITED21.4%₹158.77 cr
NJ GroupNJ INDIAINVEST PRIVATE LIMITED16.5%₹2,413.85 cr
AUMAUM INSURANCE BROKERS PRIVATE LIMITED6.9%₹10.65 cr
Focus Business SolutionFOCUS BUSINESS SOLUTION LIMITED3.1%₹23.96 cr
PARIM FINSERVParim Finserv Private Limited2.2%₹61.47 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Asset management8₹2,447.55 cr~₹5.5 cr88%16.4%
Finance & accounting services5₹6.93 cr~₹36 lakh60%-4.1%
Leaders

Largest financial services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
NJ GroupNJ INDIAINVEST PRIVATE LIMITED₹2,413.85 cr₹398.74 cr16.5%+27%
NJ Insurance BrokersNJ INSURANCE BROKERS PRIVATE LIMITED₹158.77 cr₹33.92 cr21.4%+12%
PARIM FINSERVParim Finserv Private Limited₹61.47 cr₹1.38 cr2.2%-7%
Focus Business SolutionFOCUS BUSINESS SOLUTION LIMITED₹23.96 cr₹74.08 lakh3.1%+12%
AUMAUM INSURANCE BROKERS PRIVATE LIMITED₹10.65 cr₹73.98 lakh6.9%+30%
Mehta Prime WealthMEHTA PRIME WEALTH LIMITED₹8.71 cr₹1.87 cr21.5%-56%
Turtle WealthTURTLE WEALTH MANAGEMENT PRIVATE LIMITED₹7.02 cr₹2.38 cr33.9%+31%
Torin WealthTORIN SERVICES PRIVATE LIMITED₹6.40 cr₹2.39 cr37.4%+59%
Vijya FintechVIJYA FINTECH PRIVATE LIMITED₹5.21 cr−₹1.98 cr-38.0%+70%
Artham FinserveARTHAM FINSERVE PRIVATE LIMITED₹4.60 cr₹51.26 lakh11.1%+32%
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 Surat 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 Surat
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 Surat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months14

US$217.38m

equity rounds, last 24 months71

US$1.06bn

raised over five yearsUS$7.49bn

432 rounds in India

M&A deals, India556

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

493Acquisition
50Merger
4Announced

Most active acquirers

  1. Na15
  2. Sbi mutual fund14
  3. Life insurance corporation of india12
  4. Authum investment & infrastructure11
  5. Corient10

Most acquired or merged

  1. Yes bank18
  2. Sammaan Capital13
  3. Rbl bank11
  4. Shriram finance8
  5. Reliance capital7

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

Founders and momentum in Surat

Meet the people behind financial services companies in Surat. 27 of 84 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Surat financial services companies by sub-sector

The most common specialisations among financial services companies in Surat. 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