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The Gujarat edition · 2026

Investment bankscompanies in Gujarat

Investment banks, M&A advisory, asset management, private equity & debt, startups and more: the companies building investment banks in Gujarat, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
37 company profiles11 with reported revenue0 with recorded fundingOctober 2026 edition

Recent investment banks business events in India

Funding, M&A, contract wins and launches involving 1,096 investment banks companies in India, last 24 months: 20 M&A deals · 4 funding rounds · 2 launches · 2 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Mar 2026.

M&AMerger · Announced

Arisinfra Solutions acquires ArisUnitern RE Solutions

ArisInfra Solutions has approved the amalgamation of its subsidiary, ArisUnitern RE Solutions, with the parent company.

Real Estate Development Services
M&AAcquisition · Announced

Ashika group acquires Mahaveera Capital Advisors LLP

Ashika Group, a diversified financial services group with a strong presence across capital markets and advisory services, has announced the amalgamation of the Equity Capital Markets…

Capital Markets
M&AAcquisition · Announced

Mizuho Securities acquires Avendus

Mizuho Securities took a majority stake in Avendus

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
FundingStrategic Funding

Kayess Square

Kayess Square Consulting Pvt. Ltd., a Bengaluru‑based finance, risk, governance, and transaction advisory firm, has raised ₹10 crore in a strategic funding round led entirely by its…

Investors Na
Finance, risk, governance, and transaction advisory
M&AAcquisition · Completed

Mizuho acquires Avendus

Mizuho’s majority acquisition of Avendus earlier this month.

M&AAcquisition · Announced

Mizuho financial group acquires Avendus

Mizuho Financial Group is buying a controlling stake in home grown investment bank Avendus

Financial Services
M&AAcquisition · Announced

Mizuho Securities acquires Avendus

Mizuho would acquire Avendus from KKR for up to 81 billion yen ($523 million).

Financial services
M&AMerger · Announced

Equirus acquires Sapient Finserv

Equirus is merging with Sapient Finserv to create a platform that manages around Rs 35,000 crore worth of assets under management.

Financial Services
FundingEquity

Incred capital

InCred Capital, the investment banking, institutional brokerage and asset management arm of the InCred Group, is planning to raise around Rs 500 crore in equity funding, said sources.

Investors Kkr, Adia, Trs, Oaks
LaunchBonus shares

Smc global securities

SMC Global Securities Limited (SMC Global Securities Ltd) has launched bonus shares.

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

Antique Securities acquires Emkay Global

Antique Securities’ Kirti Doshi, through his family-controlled entity has acquired over 21% stake in Emkay Global.

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
M&AAcquisition · Completed

Nisus finance services acquires New Consolidated Construction Company Limited (NCCCL)

Nisus Finance Services Co Limited (NiFCO), a leading investor in urban infrastructure and capital markets, has announced the acquisition of a majority stake in New Consolidated…

Engineering, Procurement and Construction (EPC)
LaunchSound Bytes

Axis capital

Axis Capital announced the launch of “Sound Bytes,” AI-generated audio summaries that condense securities research reports into two-minute audio briefs.

AI-generated audio summaries
ContractService

ArisUnitern RE Solutions · client: Village Wave

Arisinfra Solutions’ subsidiary — ArisUnitern RE Solutions has been awarded a contract by Village Wave for development management, which covers materials supply, project management,…

Construction
M&AAcquisition

Kkr acquires Avendus

KKR acquired a little over 60 percent stake in Avendus in 2015.

Investment Banking
M&AAcquisition · Announced

Vineet N. Suchanti acquires Keynote Financial Services

Vineet Suchanti, a shareholder of NSS Digital Media Limited, has announced the proposed acquisition of 1,59,880 equity shares in Keynote Financial Services Limited.

Financial Services
Contract

Centrum Capital · client: Weaver Services

Centrum Capital to sell affordable housing finance business to Weaver Services for Rs 430 crore

Finance
M&AAcquisition · Announced

ValueBridge Capital acquires Boon Capital

ValueBridge Capital, part of the Merisis Group, has acquired Boon Capital, an early-stage investment banking firm specializing in venture funding.

Early-stage investment banking
M&AAcquisition

360 ONE WAM acquires Batlivala & karani securities

Shares of 360 ONE WAM gained over 4 percent in early trading on February 25, after Citi issued an upbeat broking revenue projection, driven by its recent acquisition of Batlivala &…

M&AAcquisition · Announced

Equirus acquires Credence family office

Spice Route Legal has successfully advised Equirus on its 100% acquisition of Credence Family Office, a leading Bangalore-based multi-family office.

Wealth management
M&AAcquisition · Announced

360 one acquires Batlivala & karani securities

The company entered into a definitive agreement to acquire Batlivala & Karani Securities, one of India’s oldest brokers, for Rs. 17.74 billion ($205 million).

M&AAcquisition · Announced

360 ONE Wealth Asset Management (WAM) acquires Batlivala & karani securities

360 ONE Wealth Asset Management (WAM) on Monday announced the acquisition of Batlivala & Karani Securities India Private Limited ("B&K Securities") for a combination of cash and equity…

Financial services
M&AAcquisition · Announced

Prime securities acquires Ark Neo Financial Services

Merchant banker Prime Securities on Monday announced acquisition of a majority stake in fintech Ark Neo Financial Services for Rs 7 crore.

Funding

Incred capital

InCred Capital to raise $50 Mn led by family offices

Investors Family offices
M&AAcquisition · Announced

Firstrand bank acquires HSBC South Africa business

HSBC has announced to sell HSBC South Africa business to FirstRand Bank with transfer of HSBC clients, assets, liabilities & employees.

Investment banks companies in Gujarat, by funding and team

Few investment banks companies in Gujarat publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 37 companies below lead on recorded funding and team size among 37 active companies.

Showing 25 of 37

Corporate advisory firm focused on multiple sectors

Investment banks
—None recorded
27+100% 12 mo to Mar 2024LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
33 yr1993
0none in 3 months · last posted Jul 2026

Full-service investment bank firm

Investment banks
—None recorded
10LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
17 yr2009
0none in 3 months

Corporate advisory firm

Investment banks
—None recorded
—Not available
Advertising / Commission on transaction
17 yr2009
0none in 3 months

Provider of business incorporation, funding, and branding solutions for startups

Management consulting services
—None recorded
23LinkedIn · Jul 2026
Fee-for-service
2 yr2024
0none in 3 months

Investment bank and corporate advisory firm

Investment banks
—None recorded
13LinkedIn · Jul 2026
Fee-for-service
9 yr2017
0none in 3 months

Provider of financial services for NBFCs and other clients

Investment banks
—None recorded
6LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
7 yr2019
0none in 3 months

Corporate finance and M&A advisory firm focused on multiple sectors

Investment banks
—None recorded
32LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
9 yr2017
0none in 3 months

Investment bank

Investment banks
—None recorded
11LinkedIn · Jul 2026
Fee-for-service
21 yr2005
0none in 3 months

Investment banking firm

Investment banks
—None recorded
41LinkedIn · Jul 2026
Fee-for-service
13 yr2013
—No postings tracked

M&A advisory firm focused on multiple sectors

Asset management
—None recorded
5LinkedIn · Jul 2026
Fee-for-service
7 yr2019
0none in 3 months · last posted Feb 2026

Merger and acquisition advisory service provider

Investment banks
—None recorded
6LinkedIn · Oct 2026
Commission on transaction / Fee-for-service
41 yr1985
—No postings tracked

Middle market focused regional investment bank

Investment banks
—None recorded
—Not available
Fee-for-service
15 yr2011
—No postings tracked

Full-service corporate advisory firm

Services for investment industry
—None recorded
—Not available
Fee-for-service
10 yr2016
0none in 3 months

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

Investment banks
—None recorded
53LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
18 yr2008
0none in 3 months · last posted May 2026

M&A and corporate finance advisory firm focused on entrepreneurs

Investment banks
—None recorded
6LinkedIn · Jul 2026
Fee-for-service
8 yr2018
0none in 3 months

Provider of investment banking, management consulting, transaction, and compliance advisory

Investment banks
—None recorded
2LinkedIn · Jul 2026
Fee-for-service
5 yr2021
0none in 3 months

Investment banking firm

Investment banks
—None recorded
—Not available
Commission on transaction / Fee-for-service
17 yr2009
—No postings tracked

Provider of strategic advisory services to venture capital and private equity firms

Investment banks
—None recorded
3LinkedIn · Jul 2026
Fee-for-service
1 yr2025
0none in 3 months

An investment bank

Investment banks
—None recorded
5LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
2 yr2024
0none in 3 months

Provider of merchant banking services for capital market financial transactions

Investment banks
—None recorded
8LinkedIn · Jul 2026
Fee-for-service
3 yr2023
0none in 3 months

Corporate consultancy and advisory service provider

Investment banks
—None recorded
—Not available
Fee-for-service
2 yr2024
—No postings tracked

M&A, capital raising, and corporate advisory firm focused on multiple sectors

Investment banks
—None recorded
—Not available
Advertising / Commission on transaction
4 yr2022
—No postings tracked

Finance advisory firm providing independent expertise in reviewing trade finance processes

Investment banks
—None recorded
—Not available
Fee-for-service
5 yr2021
—No postings tracked

Investment bank & financial advisory firm

Investment banks
—None recorded
—Not available
Fee-for-service
15 yr2011
—No postings tracked

Boutique investment bank

Investment banks
—None recorded
—Not available
Fee-for-service
28 yr1998
0none in 3 months
37 of 37 companies shown here · the full list is on Radar
Fliar Radar

Explore all 37 investment banks companies in Gujarat on Radar

This page shows the top 37. Radar has the complete, filterable list with contacts and live company signals.

Open investment banks in Gujarat on Radar
  • Every company, not just 50All 37 investment banks 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 investment banks in Gujarat by what you are looking for

Browse top investment banks companies in Gujarat grouped by service, from M&A advisory and boutique investment banks to asset management and private equity. Find investment banking companies and startups in the state.

5 ways to explore investment banks in Gujarat

Investment banks and boutique advisory firmsM&A and corporate advisory firmsAsset management and investment advisory companiesPrivate equity, debt syndication and banking service providersInvestment banking startups in Gujarat

Investment banks and boutique advisory firms

Investment banks offering corporate finance, fundraising and transaction advice.

  1. Beeline Capital Advisors

    M&A corporate advisory firm

    Asset management
    See in list
  2. Vivro

    Boutique investment bank

    Investment banks
    See in list
  3. ConsultupIndia

    Provider of business incorporation, funding, and branding solutions for startups

    Management consulting services
    See in list
  4. Deltacoin Financial Services

    Provider of financial services for NBFCs and other clients

    Investment banks
    See in list
  5. NRS Advisors

    Investment bank

    Investment banks
    See in list
20 companies in GujaratAll 40 investment banks companies in Gujarat →

M&A and corporate advisory firms

Firms advising on mergers, acquisitions, valuation and corporate finance.

  1. Heet Services

    Full-service corporate advisory firm

    Services for investment industry
    See in list
  2. ConsultupIndia

    Provider of business incorporation, funding, and branding solutions for startups

    Management consulting services
    See in list
  3. Den Valuation

    M&A advisory firm focused on multiple sectors

    Asset management
    See in list
  4. Caltius Ventures

    M&A and growth capital advisory firm

    Investment banks
    See in list
  5. Global Horizons Capital Advisors

    Corporate consultancy and advisory service provider

    Investment banks
    See in list
6 companies in GujaratAll 71 management consulting services companies in Gujarat →

Asset management and investment advisory companies

Companies managing investments and advising on funds and portfolios.

  1. Beeline Capital Advisors

    M&A corporate advisory firm

    Asset management
    See in list
  2. Den Valuation

    M&A advisory firm focused on multiple sectors

    Asset management
    See in list
  3. Kumbhat Advisors

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

    Investment banks
    See in list
3 companies in GujaratAll 63 asset management companies in Gujarat →

Private equity, debt syndication and banking service providers

Firms investing in mid-sized companies, helping businesses raise debt and serving banks.

  1. Kumbhat Advisors

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

    Investment banks
    See in list
  2. Twentythree 80 Capital Advisors

    Firm focusing on mid-market investments

    Investment banks
    See in list
  3. Rockwyn Advisory

    Provider of strategic advisory services to venture capital and private equity firms

    Investment banks
    See in list
3 companies in GujaratAll 241 private equity funds companies in India →

Investment banking startups in Gujarat

Newer advisory and investment banking firms founded recently.

  1. ConsultupIndia

    Provider of business incorporation, funding, and branding solutions for startups

    Management consulting services
    See in list
  2. Karnametic Partners

    Provider of investment banking, management consulting, transaction, and compliance advisory

    Investment banks
    See in list
  3. Rockwyn Advisory

    Provider of strategic advisory services to venture capital and private equity firms

    Investment banks
    See in list
  4. Vhelp Capital

    An investment bank

    Investment banks
    See in list
  5. Twentythree 80 Capital Advisors

    Firm focusing on mid-market investments

    Investment banks
    See in list
9 companies in Gujarat
The business behind the activity

Investment banks financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 10 investment banks companies in Gujarat for FY24-25 — 11 of the 37 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 100% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹235.15 cr

10 companies filing accounts

combined net profit₹88.24 cr

37.5% aggregate margin

are profitable50%

5 of 10 companies

median revenue~₹26 lakh

the typical company

median revenue growth+38%

into FY24-25

earned by the top five100%

revenue concentration

Six-year view

Combined revenue of filing companies

₹13.49 crFY19-209 filers
₹13.66 crFY20-2110 filers
₹38.38 crFY21-2210 filers
₹63.01 crFY22-239 filers
₹96.81 crFY23-2410 filers
₹235.15 crFY24-2510 filers

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

Like-for-like

The same 8 companies over three years

+273%
FY22-23₹62.98 cr₹17.56 cr net
FY23-24₹96.79 cr₹31.64 cr net
FY24-25₹234.91 cr₹88.28 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 cr617% profitable
₹1–10 cr0—
₹10–100 cr3100% profitable
₹100–1,000 cr1100% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking2
0–20%3
20–50%0
50–100%1
Doubled+4

10 companies with accounts for both years; median growth +38%.

Profitability

Profit is concentrated at the top

5profitable
5loss-making
37.5%aggregate margin
1.0%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
GYRGYR CAPITAL ADVISORS PRIVATE LIMITED+291%₹48.40 cr
VivroVIVRO FINANCIAL SERVICES PRIVATE LIMITED+290%₹42.82 cr
Beeline Capital AdvisorsBEELINE CAPITAL ADVISORS PRIVATE LIMITED
Tipsons GroupTIPSONS STOCK BROKERS PRIVATE LIMITED+59%₹14.30 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
GYRGYR CAPITAL ADVISORS PRIVATE LIMITED55.0%₹48.40 cr
VivroVIVRO FINANCIAL SERVICES PRIVATE LIMITED54.3%₹42.82 cr
Beeline Capital AdvisorsBEELINE CAPITAL ADVISORS PRIVATE LIMITED
Tipsons GroupTIPSONS STOCK BROKERS PRIVATE LIMITED8.1%₹14.30 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Investment banks9₹106.48 cr~₹24 lakh44%47.9%
Leaders

Largest investment banks companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Beeline Capital AdvisorsBEELINE CAPITAL ADVISORS PRIVATE LIMITED
GYRGYR CAPITAL ADVISORS PRIVATE LIMITED₹48.40 cr₹26.64 cr55.0%+291%
VivroVIVRO FINANCIAL SERVICES PRIVATE LIMITED₹42.82 cr₹23.26 cr54.3%+290%
Tipsons GroupTIPSONS STOCK BROKERS PRIVATE LIMITED₹14.30 cr₹1.15 cr8.1%+59%
GrocapGROCAP ADVISORY SERVICES PRIVATE LIMITED
Deltacoin Financial ServicesDELTACOIN FINANCIAL SERVICES PRIVATE LIMITED₹23.90 lakh−₹4.27 lakh-17.8%>10×
Investment Imperative GroupIMPERATIVE ASSOCIATES PRIVATE LIMITED
Abhiket Financial ServicesABHIKET FINANCIAL SERVICES PRIVATE LIMITED₹18.11 lakh₹0.48 lakh2.7%+8%
Right Pillar AdvisorsRIGHT PILLAR ADVISORS PRIVATE LIMITED₹4.08 lakh−₹4.73 lakh-115.9%-85%
NRS AdvisorsNRS ADVISORS PRIVATE LIMITED₹0.24 lakh−₹0.11 lakh-45.5%-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.

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

Investment banks funding and M&A across India

45 recorded equity rounds have gone to 1,096 investment banks 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 months2

US$6.11m

equity rounds, last 24 months4

US$37.27m

raised over five yearsUS$38.40m

9 rounds in India

M&A deals, India20

last 24 months

Capital by year

Equity funding into investment banks in India

amount rounds
$43m20185
$1.3m20194
$331k20211
$800k20234
$2.3m20241
$29m20251
$6.1m20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2018, with US$42.52m across 5 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$28.83m2 rounds · median US$28.83m
SeedUS$9.57m7 rounds · median US$1.11m
Where the money went · five years

Most-funded sub-sectors

Investment banksUS$38.40m9 rounds · 8 companies
Corporate activity · last 24 months

M&A in India

18Acquisition
2Merger

Most active acquirers

  1. Mizuho Securities2
  2. Equirus2
  3. 360 ONE WAM2
  4. Arisinfra Solutions1
  5. Ashika group1

Most acquired or merged

  1. Avendus5
  2. Batlivala & karani securities3
  3. Emkay Global Financial Services2
  4. ArisUnitern RE Solutions1
  5. Mahaveera Capital Advisors LLP1

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

Founders and momentum in Gujarat

Meet the people behind investment banks companies in Gujarat. 24 of 37 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring investment banks in India and nearby markets.

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