Company lists
The Mumbai edition · 2026

Investment bankscompanies in Mumbai

M&A advisory, full-service, asset mgmt, VC & PE, lending and more: the companies building investment banks in Mumbai, Maharashtra, with their founders, funding, team size and business models.

386 company profiles152 with reported revenue11 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent investment banks business events in Mumbai

Funding, M&A, contract wins and launches involving 458 investment banks companies in Mumbai, last 24 months: 18 M&A deals · 3 funding rounds · 1 Launch · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Feb 2026.

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
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
FundingEquity investment

Emkay Global Financial Services

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

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

Kirti Doshi acquires Emkay Global Financial Services

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

Financial Services
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
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

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 Private Limited

Prime Securities Limited, a SEBI-registered Category-I Merchant Banker, has acquired a 41.68% stake in Ark Neo Financial Services Private Limited, the Chennai-based fintech platform…

Fintech
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 Mumbai, by revenue

Browse investment banks companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 152 investment banks companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Investment bank firm focused on multiple sectors

Investment banks
₹3,343.07 crFY 2022-23
Not reported
4,012+10% 12 mo to Mar 2023LinkedIn · Jul 2026
53 yr1973
0none in 3 months

Regional investment bank

Investment banks
₹2,238.66 crFY 2023-24
Not reported
29-57% 12 mo to Jun 2024recorded Jun 2024
29 yr1997
—No postings tracked

Corporate advisory firm specializing in structured finance, capital markets, and merchant banking services

Investment banks
₹1,573.38 crFY 2021-22
Not reported
235,858-3% 12 mo to Mar 2023recorded Mar 2023
40 yr1986
0none in 3 months

Corporate advisory firm focused on multiple sectors

Investment banks
₹782.72 crFY 2024-25
+32%2024–2025
388+4% 12 mo to Sep 2024LinkedIn · Jul 2026
40 yr1986
0none in 3 months · last posted Jun 2026

India focused full service regional investment bank

Investment banks
₹657.16 crFY 2024-25
+47%2024–2025
318+16% 12 mo to Sep 2024LinkedIn · Jul 2026
35 yr1991
1postings · last posted Aug 2026

Private debt firm

Investment banks
₹556.91 crFY 2024-25
+57%2024–2025
40-17% 12 mo to Aug 2024recorded Aug 2024
10 yr2016
3postings · last posted Jul 2026

Corporate financial advisory fiirm focused on middle market companies

Investment banks
₹382.68 crFY 2024-25
+63%2024–2025
250-29% 12 mo to Aug 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

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

Investment banks
₹361.24 crFY 2024-25
+15%2024–2025
851+5% 12 mo to Mar 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Provider of financial, mutual fund and investment banking services

Investment banks
₹305.67 crFY 2023-24
Not reported
204LinkedIn · Jul 2026
35 yr1991
0none in 3 months

M&A and corporate advisory firm

Investment banks
₹265.72 crFY 2024-25
+126%2024–2025
55+150% 12 mo to Sep 2024recorded Sep 2024
18 yr2008
0none in 3 months · last posted May 2026

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

Investment banks
₹202.43 crFY 2024-25
+262%2024–2025
7+56% 12 mo to Jul 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

An integrated research-led investment banking organization

Investment banks
₹164.37 crFY 2021-22
Not reported
32LinkedIn · Jul 2026
19 yr2007
0none in 3 months · last posted May 2026

Corporate advisory firm

Investment banks
₹144.81 crFY 2024-25
+61%2024–2025
47LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Mar 2026

Provider of merchant banking services specializing in fundraising for small businesses

Investment banks
₹118.10 crFY 2024-25
+69%2024–2025
27+17% 12 mo to Mar 2023recorded Mar 2023
32 yr1994
0none in 3 months

Corporate financial advisory

Investment banks
₹98.81 crFY 2024-25
+61%2024–2025
—Not available
15 yr2011
0none in 3 months

Full-service investment banking firm

Brokers and dealers
₹89.71 crFY 2024-25
+3%2024–2025
3,033+18% 12 mo to Mar 2024recorded Mar 2024
34 yr1992
0none in 3 months

Investment banking and corporate advisory firm

Investment banks
₹89.40 crFY 2024-25
+34%2024–2025
15+25% 12 mo to Jul 2024recorded Jul 2024
44 yr1982
0none in 3 months

Investment banking and asset management firm

Investment banks
₹67.30 crFY 2024-25
+56%2024–2025
60LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Global investment banking boutique

Investment banks
₹62.48 crFY 2024-25
+5258%2024–2025
10LinkedIn · Jul 2026
15 yr2011
0none in 3 months

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

Investment banks
₹61.89 crFY 2024-25
-24%2024–2025
119+11% 12 mo to Jul 2024LinkedIn · Jul 2026
29 yr1997
1postings · last posted Sep 2026

Investment bank & corporate advisory firm for multiple sectors

Investment banks
₹61.50 crFY 2024-25
-34%2024–2025
29+15% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
3postings · last posted Sep 2026

M&A and strategic advisory firm

Finance & accounting services
₹59.57 crFY 2024-25
-35%2024–2025
40LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Corporate advisory and private equity firm focused on multiple sectors

Investment banks
₹56.04 crFY 2024-25
-20%2024–2025
13LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted Jan 2026

M&A and strategic advisory firm focused on multiple sectors

Investment banks
₹52.99 crFY 2024-25
+139%2024–2025
46LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Boutique investment banking firm

Investment banks
₹49.09 crFY 2024-25
+81%2024–2025
6LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted Dec 2025
50 of 386 companies shown here · the full list is on Radar
Fliar Radar

Explore all 386 investment banks companies in Mumbai on Radar

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

Open investment banks in Mumbai on Radar
  • Every company, not just 50All 386 investment banks companies in Mumbai, 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 Mumbai by what you are looking for

Find top investment banks in Mumbai, from full-service and boutique investment banks to M&A advisory firms. Browse investment banking companies in India by type, including asset managers, venture capital funds and listed firms.

8 ways to explore investment banks in Mumbai

M&A, corporate advisory & boutique investment banksFull-service investment banksAsset management & wealth management firmsVenture capital, private equity & debt fundsLoans & financial services firmsInvestment banking startups in Mumbai

M&A, corporate advisory & boutique investment banks

Boutique investment banks and advisory firms for mergers, acquisitions and fundraising.

  1. Emkay

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

    Investment banks
    See in list
  2. Avener Capital

    M&A and strategic advisory firm

    Finance & accounting services
    See in list
  3. Keynote

    Debt and M&A advisory firm focused on multiple sectors

    Services for investment industry
    See in list
  4. CFO Bridge

    Provider of CFO services

    Investment banks
    See in list
  5. Unaprime Investment Advisors

    Investment bank providing financial investment advisory services

    Investment banks
    Website

Full-service investment banks

Full-service and regional investment banks covering capital markets and advisory.

  1. JM Financial

    Investment bank firm focused on multiple sectors

    Investment banks
    See in list
  2. Centrum

    Regional investment bank

    Investment banks
    See in list
  3. SBI Capital Markets

    Corporate advisory firm specializing in structured finance, capital markets, and merchant banking services

    Investment banks
    See in list
  4. InCred Capital

    Private debt firm

    Investment banks
    See in list
  5. Equirus Capital

    Corporate financial advisory fiirm focused on middle market companies

    Investment banks
    See in list

Asset management & wealth management firms

Asset managers, wealth managers and portfolio managers.

  1. Choice

    Full-service investment banking firm

    Brokers and dealers
    See in list
  2. Pioneer Investcorp

    Mid-market focused boutique investment bank

    Investment banks
    See in list
  3. Credent Global

    Diversified asset management and capital raising advisory firm focused on real estate and multiple sectors

    Investment banks
    Website
  4. Altamount Capital Management

    Boutique financial services firm

    Investment banks
    Website
  5. NIT Finserv

    Business advisory service provider

    Investment banks
    Website

Venture capital, private equity & debt funds

Venture capital, private equity and private debt investors.

  1. NAFA Capital Advisors

    Corporate advisory and private equity firm focused on multiple sectors

    Investment banks
    Website
  2. Capinity

    Private investment firm

    Investment banks
    Website
  3. Alsisar Impact

    Sector agnostic incubator & corporate advisory firm

    Investment banks
    Website
  4. Growficiency

    Angel investment and business consulting firm

    Angel networks
    Website
  5. Probhus

    Venture capital investment firm

    Investment banks
    Website

Loans & financial services firms

Consumer and SME lenders, credit brokers and financial services firms.

  1. JM Financial

    Investment bank firm focused on multiple sectors

    Investment banks
    See in list
  2. Centrum

    Regional investment bank

    Investment banks
    See in list
  3. InCred Capital

    Private debt firm

    Investment banks
    See in list
  4. Choice

    Full-service investment banking firm

    Brokers and dealers
    See in list
  5. Ashika Group

    Traditional conglomerate focused on providing financial services

    Investment banks
    Website

Investment banking startups in Mumbai

Recently founded investment banks and advisory firms in Mumbai.

  1. Vantage Point

    M&A advisory firm focused on multiple sectors

    Investment banks
    See in list
  2. Coeus Advisors

    Merger and acquisition advisory firm

    Investment banks
    See in list
  3. Impca

    Business consultancy service provider

    Investment banks
    See in list
  4. Vanja

    Provider of financial advisory services specializing in mid-market company capital needs

    Investment banks
    Website
  5. Empower Capital Consulting

    Boutique investment banking and consulting firm

    Investment banks
    Website
37 companies in Mumbai

Listed investment banks in Mumbai

Publicly traded investment banks and financial firms in Mumbai.

  1. JM Financial

    Investment bank firm focused on multiple sectors

    Investment banks
    See in list
  2. Centrum

    Regional investment bank

    Investment banks
    See in list
  3. Emkay

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

    Investment banks
    See in list
  4. Gretex Corporate Services

    M&A and corporate advisory firm

    Investment banks
    See in list
  5. Aryaman

    Provider of merchant banking services specializing in fundraising for small businesses

    Investment banks
    See in list
17 companies in Mumbai

Investment banks hiring in Mumbai

Investment banks in Mumbai with open roles.

  1. Axis Capital

    Corporate advisory firm focused on multiple sectors

    Investment banks
    See in list
  2. Kotak Investment Banking

    India focused full service regional investment bank

    Investment banks
    See in list
  3. InCred Capital

    Private debt firm

    Investment banks
    See in list
  4. Ativir

    An integrated research-led investment banking organization

    Investment banks
    See in list
  5. Ashika Group

    Traditional conglomerate focused on providing financial services

    Investment banks
    Website
17 companies in Mumbai
Mobile reach

Top 10 investment banks apps from Mumbai

The most-installed Android apps published by investment banks companies headquartered in Mumbai — 3.1M 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

Choice FinX: Demat Account App

by Choice

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

Dhanush: Demat, Stocks & IPOs

by Ashika Group

Installs39K
Rating5.0616 ratings
Last updatedMay 2026
View on Google Play ↗
Dhanush: Demat, Stocks & IPOs screenshot 1Dhanush: Demat, Stocks & IPOs screenshot 2Dhanush: Demat, Stocks & IPOs screenshot 3Dhanush: Demat, Stocks & IPOs screenshot 4Dhanush: Demat, Stocks & IPOs screenshot 5Dhanush: Demat, Stocks & IPOs screenshot 6
6

IDBI Capital Portfoilo

by IDBI Capital

Installs8K
Rating—
Last updatedFeb 2026
View on Google Play ↗
IDBI Capital Portfoilo screenshot 1IDBI Capital Portfoilo screenshot 2IDBI Capital Portfoilo screenshot 3IDBI Capital Portfoilo screenshot 4IDBI Capital Portfoilo screenshot 5IDBI Capital Portfoilo screenshot 6
7

Emkay Blitz

by Emkay

Installs7K
Rating—
Last updatedOct 2025
View on Google Play ↗
Emkay Blitz screenshot 1Emkay Blitz screenshot 2Emkay Blitz screenshot 3Emkay Blitz screenshot 4Emkay Blitz screenshot 5Emkay Blitz screenshot 6
The business behind the activity

Investment banks financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 149 investment banks companies in Mumbai, Maharashtra for FY24-25 — 186 of the 386 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 46% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹4,642.98 cr

149 companies filing accounts

combined net profit₹1,316.10 cr

28.3% aggregate margin

are profitable78%

116 of 149 companies

median revenue~₹5.9 cr

the typical company

median revenue growth+20%

into FY24-25

earned by the top five46%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,858.32 crFY19-20134 filers
₹1,814.54 crFY20-21142 filers
₹2,701.78 crFY21-22151 filers
₹2,390.65 crFY22-23153 filers
₹3,586.88 crFY23-24165 filers
₹4,642.98 crFY24-25149 filers

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

Like-for-like

The same 131 companies over three years

+89%
FY22-23₹2,297.62 cr₹477.32 cr net
FY23-24₹3,250.34 cr₹919.61 cr net
FY24-25₹4,346.58 cr₹1,293.72 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 cr3554% profitable
₹1–10 cr5876% profitable
₹10–100 cr4696% profitable
₹100–1,000 cr1090% 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

Shrinking45
0–20%27
20–50%23
50–100%19
Doubled+29

143 companies with accounts for both years; median growth +20%.

Profitability

Profit is concentrated at the top

116profitable
33loss-making
28.3%aggregate margin
15.2%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
KriscoreKRISCORE FINANCIAL ADVISORS PRIVATE LIMITED₹10.82 cr
Vantage PointVANTAGE POINT FINOVATION PRIVATE LIMITED
TrustcapTRUSTCAP PRIVATE LIMITED
Singhi AdvisorsSINGHI ADVISORS PRIVATE LIMITED
Pantomath GroupPANTOMATH CAPITAL ADVISORS PRIVATE LIMITED+218%₹161.58 cr
Ariston Capital ServicesARISTON CAPITAL SERVICES PRIVATE LIMITED+193%₹13.94 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Virtuous CapitalVIRTUOUS CAPITAL LIMITED
KriscoreKRISCORE FINANCIAL ADVISORS PRIVATE LIMITED63.3%₹10.82 cr
BondwellBONDWELL CORPORATE ADVISOR PRIVATE LIMITED59.8%
Avener CapitalAVENER CAPITAL PRIVATE LIMITED58.5%₹59.57 cr
Prime SecuritiesPRIME SECURITIES LIMITED57.1%₹56.47 cr
TrustcapTRUSTCAP PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Investment banks137₹4,450.72 cr~₹5.9 cr77%28.4%
Leaders

Largest investment banks companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Axis CapitalAxis Capital Limited₹782.63 cr₹168.55 cr21.5%+32%
Kotak Investment BankingKOTAK MAHINDRA CAPITAL COMPANY LIMITED₹669.16 cr₹364.89 cr54.5%+46%
EmkayEMKAY GLOBAL FINANCIAL SERVICES LIMITED₹339.66 cr₹58.91 cr17.3%+20%
Finquest SecuritiesFINQUEST SECURITIES PRIVATE LIMITED₹193.66 cr48.3%+86%
Equirus CapitalEQUIRUS CAPITAL LIMITED₹169.01 cr₹63.52 cr37.6%+103%
InCred CapitalINCRED CAPITAL FINANCIAL SERVICES LIMITED₹164.91 cr₹1.29 cr0.8%+24%
Pantomath GroupPANTOMATH CAPITAL ADVISORS PRIVATE LIMITED₹161.58 cr₹90.45 cr56.0%+218%
Unistone CapitalUNISTONE CAPITAL PRIVATE LIMITED₹144.81 cr₹61.01 cr42.1%+61%
IDBI CapitalIDBI CAPITAL MARKETS & SECURITIES LIMITED₹143.79 cr23.1%+17%
CentrumCENTRUM CAPITAL LIMITED₹105.76 cr−₹68.72 cr-65.0%+9%
Some figures are available to Radar members.Log in to Radar to see every figure

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

Industry landscape report

AdTech Industry Landscape of Mumbai

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

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

Put this intelligence into your own tools

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

Capital & corporate activity

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 Mumbai 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, Mumbai18

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 Mumbai

17Acquisition
1Merger

Most active acquirers

  1. Mizuho Securities2
  2. Equirus2
  3. 360 ONE WAM2
  4. Ashika group1
  5. Mahi Madhusudan Kela1

Most acquired or merged

  1. Avendus5
  2. Emkay Global Financial Services3
  3. Batlivala & karani securities3
  4. Mahaveera Capital Advisors LLP1
  5. Sapient Finserv1

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

Investment banks funding in Mumbai

11 investment banks companies in Mumbai have recorded equity funding, US$78.06m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind investment banks companies in Mumbai. 246 of 386 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai investment banks companies by sub-sector

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

Keep exploring investment banks in India and nearby markets.

Coming soon