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The India edition · 2026

Investment industrycompanies in India

Investment banks, alternative investment funds, venture capital & angels, accelerators & incubators, asset management and more: the companies building investment industry in India, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
3,541 company profiles780 with reported revenue46 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent investment industry business events in India

Funding, M&A, contract wins and launches involving 4,229 investment industry companies in India, last 24 months: 158 M&A deals · 49 Contracts · 35 funding rounds · 35 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

True north acquires Cloudnine

True North looks to sell Cloudnine stake

Healthcare - fertility and maternity care
M&AAcquisition · Announced

True north acquires Embio

According to reports, True North invested about INR 478 crores to acquire a 25 percent stake in Embio.

Pharmaceuticals
FundingFund II

Mela Ventures

Mela has secured approval for a second fund targeting ₹600 crore, along with a ₹400 crore greenshoe option.

Investors Domestic family offices, Institutions, Development finance organisations
Venture capital / deeptech
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

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

Jsw group acquires Mg motor india

JSW Group acquires an additional 10% stake in MG Motor India from SAIC.

Automotive
ContractSupply

New Consolidated Construction Company Limited (NCCCL) · client: Welspun one logistics parks

Among the key wins is the construction of India's first vertical warehouse project for Welspun One Logistics Parks at the JNPA Special Economic Zone in Navi Mumbai.

Infrastructure
ContractService

Welspun One · client: Balmer lawrie

Welspun One has entered into a letter of intent with Balmer Lawrie & Co. for 65,000 sq ft of grade A warehousing space at WTC Nhava Sheva, expected to be operational by early 2027.

Logistics/Warehousing
M&AAcquisition · Announced

Jsw group acquires JSW MG Motor India

China's SAIC Motor is selling another 10% stake in JSW MG Motor India to the JSW Group. With this, JSW will become the biggest shareholder in the company.

Automotive
M&AAcquisition · Completed

Elevation capital acquires One97 communications

Elevation Capital V Limited has made a sale of equity shares of One97 Communications Limited (parent company of PayTM) on the NSE and BSE for an aggregate consideration of ₹963.6 crore.

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 · Announced

FIH Mauritius Investments Ltd acquires Iifl capital

FIH Mauritius Investments Ltd, a wholly owned subsidiary of Fairfax India Holdings Corporation, has acquired an additional equity interest in IIFL Capital Services Limited for…

M&AAcquisition · Completed

Karma capital acquires Peak xv partners

Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV.

Venture Capital
M&AAcquisition · Completed

Dymon Asia acquires Peak xv partners

Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV.

Venture Capital
M&AAcquisition · Completed

Florintree acquires Peak xv partners

Peak XV Partners has sold around 61 lakh shares, about 7.7 per cent of the company share capital, at an average sale price of Rs 214 share apiece. The total deal size is close to Rs 130…

Venture Capital
M&AAcquisition · Completed

Viridian Asset Management acquires Peak xv partners

Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV.

Venture Capital
M&AAcquisition · Completed

Peak xv partners acquires Mobikwik

Peak XV Partners has sold a $13.8 million stake in Indian fintech company MobiKwik, marking another step in the venture firm's gradual liquidity strategy across its portfolio.

Fintech
FundingStrategic Investment

Aspire Impact

Aspire Impact Gets Strategic Investment From Parinama Group

Investors The Parinama Group
Standards-based impact measurement and certification initiative focused on the Global South
ContractInfrastructure

Welspun One · client: Indev Infra

Warehousing and industrial real estate platform Welspun One on Tuesday said it has leased 2.10 lakh sq ft of space at the JNPA special economic zone to Indev Infra for warehousing and…

M&AAcquisition · Announced

Trifecta capital advisors acquires W.w. grainger

Trifecta Capital Advisors LLC increased its position in shares of W.W. Grainger by 25.5% in the third quarter. Trifecta Capital Advisors LLC now owns 64 shares of the industrial products…

Industrial products
M&AMerger · Completed

Sundaram Alternate Assets acquires Capitalgate Investment Advisors Private Limited (CGIA)

Sundaram Finance Limited has successfully completed the amalgamation of its wholly-owned subsidiary, Capitalgate Investment Advisors Private Limited (CGIA), with Sundaram Alternate…

Business and management consultancy services
LaunchTattvaX Cohort 2

i-Hub

Gujarat's i-Hub has announced the launch of TattvaX Cohort 2, targeting high-impact sectors like space, defence, and drone technologies.

Startup accelerator
ContractService

Citroen Finance · client: Axis bank

Citroen today announced that it has entered into an arrangement with Axis Bank, as a preferred banking partner, to introduce Citroen Finance in India.

Automotive Finance
LaunchGen Alpha Decoded: The Consumer-Brand Dynamic

Rukam capital

Commenting on the launch of the report, Archana Jahagirdar, Founder and Managing Partner, Rukam Capital, said…

FundingPre-seed and seed

Cloud capital

Cloud Capital Raises $7.7 mn Cloud Capital, a SaaS-based cloud financial management platform, raised $7.7 million in combined pre-seed and seed funding led by Connect Ventures, Backed…

Investors Connect ventures, Backed Ventures, Middlegame ventures
SaaS
M&AAcquisition · Announced

Jaipur Capital acquires Burdaluxury

Burda Media has sold BurdaLuxury, its Southeast Asia media business, to Singapore-based investment firm Jaipur Capital, with the transaction effective 31 March 2026.

Content marketing
M&AAcquisition · Announced

Jaipur Capital acquires Burdaluxury

Mumbai: Burda Media has announced the sale of its Southeast Asia-based media business, BurdaLuxury, to Jaipur Capital, marking a strategic shift in its global portfolio and regional…

Media
ContractSupply

Texmaco rail & engineering · client: Jsw group

Texmaco Rail & Engineering Ltd on Tuesday announced that it has secured an order worth ₹357.11 crore from the JSW Group for the manufacture and supply of railway wagons and rakes.

Rail Freight
LaunchTata AIA Large Mid Cap Innovation Fund

Tata AIA Life Insurance

The newly launched funds include the Tata AIA Large Mid Cap Innovation Fund, Tata AIA Large Mid Cap Innovation Pension Fund, and Tata AIA Global AI & Technology Leaders Fund.

Fund

Investment industry companies in India, by revenue

Browse investment industry 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 780 investment industry 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

Multiple sector focused accelerator program

Accelerators & incubators
₹137,989.36 crFY 2023-24
Not reported
104,579recorded
11 yr2015
—No postings tracked

Packaging Films Manufacturer - BoPP & BoPET films

Single family offices
₹13,221.54 crFY 2023-24
Not reported
7,278+3% 12 mo to Mar 2024LinkedIn · Jul 2026
56 yr1970
0none in 3 months

Private equity and real estate investment firm

Private equity funds
₹8,417.22 crFY 2024-25
+17%2024–2025
76LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Single family office of Rakesh S Kathotia, Founder of Subhkam ventures

Single family offices
₹7,879.60 crFY 2024-25
+375%2024–2025
—Not available
28 yr1998
0none in 3 months

Provider of financial services across equity, debt, and structured products

Asset management
₹4,612.22 crFY 2024-25
+77%2024–2025
139LinkedIn · Jul 2026
44 yr1982
0none in 3 months

KBL Group backed venture capital fund

Venture capital funds
₹4,564.12 crFY 2024-25
+12%2024–2025
—Not available
17 yr2009
0none in 3 months

Provider of business consulting and staffing services

Management consulting services
₹4,478.27 crFY 2024-25
+21%2024–2025
27+38% 12 mo to Aug 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

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

Provider of textiles, rubber chemicals and denim-based products

Single family offices
₹2,845.53 crFY 2024-25
+33%2024–2025
56LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of research, sales and trading services for its institutional clients

Investment research services
₹2,567.43 crFY 2024-25
+15%2024–2025
1,172+9% 12 mo to Sep 2024recorded Sep 2024
19 yr2007
0none in 3 months

Private equity firm and fund of funds focused on multiple sectors

Private equity funds
₹2,520.72 crFY 2024-25
+24%2024–2025
1,085+12% 12 mo to Sep 2024recorded Sep 2024
6 yr2020
1postings · last posted Aug 2026

Venture capital firm backed by Info Edge and Temasek

Venture capital funds
₹2,029.39 crFY 2021-22
Not reported
29+2% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
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

Private equity firm focused on acquisition of companies

Private equity funds
₹1,475.77 crFY 2023-24
+15%2023–2024
44-6% 12 mo to Mar 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted Jun 2026

Real estate development and investment company

Real estate funds
₹1,430.22 crFY 2022-23
Not reported
5-11% 12 mo to Feb 2024LinkedIn · Jul 2026
43 yr1983
0none in 3 months

Investment firm focused on technology businesses at the hardware, software, AI intersection

Venture capital funds
₹1,433.70 crFY 2024-25
+13%2024–2025
132+19% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Investment firm partnering with enterprises managed by world-class leadership teams

Single family offices
₹1,297.71 crFY 2024-25
Not reported
42+33% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Jul 2025

Stock Broker and investment banking firm focused on multiple sectors

Investment banks
₹1,220.76 crFY 2022-23
Not reported
2,861+9% 12 mo to Mar 2024LinkedIn · Jul 2026
36 yr1990
0none in 3 months

Financial services firm specializing in asset reconstruction

Private debt funds
₹1,068.51 crFY 2023-24
+7%2023–2024
190LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Diversified business group with interests in diamonds, jewellery, real estate, and investments

Venture capital funds
₹981.24 crFY 2024-25
-21%2024–2025
143+17% 12 mo to Jul 2024LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Single family office

Limited partners
₹880.84 crFY 2024-25
+109%2024–2025
33LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted May 2026

Provider of foreign exchange services and solutions

Investment consultants
₹809.09 crFY 2024-25
Not reported
—Not available
8 yr2018
0none in 3 months

Private equity investment firm focused on buyouts

Private equity funds
₹788.17 crFY 2024-25
+173%2024–2025
85LinkedIn · Jul 2026
17 yr2009
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
50 of 3,541 companies shown here · the full list is on Radar
Fliar Radar

Explore all 3,541 investment industry companies in India on Radar

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

Open investment industry in India on Radar
  • Every company, not just 50All 3,541 investment industry companies in India, 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.
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Explore investment industry companies in India by what you are looking for

Find investment companies in India, from investment banks and venture capital funds to private equity and asset managers. Browse the list of investment companies in India and investment industry sectors by type.

9 ways to explore investment industry in India

Investment banks & advisory firmsPrivate equity, hedge & alternative investment fundsVenture capital firms & angel networksStartup accelerators & incubatorsAsset management & wealth management companiesInvestment consultants & research firms

Investment banks & advisory firms

Investment banking, M&A and capital-raising advisory 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. 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
282 companies in IndiaAll 928 investment banks companies in India →

Private equity, hedge & alternative investment funds

Private equity, private debt, real estate, infrastructure and hedge funds.

  1. Motilal Oswal

    Private equity and real estate investment firm

    Private equity funds
    See in list
  2. Ascent Capital

    Private equity firm focused on multiple sectors

    Private equity funds
    Website
  3. Tata Mutual Fund

    Asset management company

    Asset management
    See in list
  4. InCred Capital

    Private debt firm

    Investment banks
    See in list
  5. Alchemy Capital Management

    Provider of portfolio management and alternative investment fund services

    Hedge funds
    See in list
149 companies in IndiaAll 241 private equity funds companies in India →

Venture capital firms & angel networks

Venture capital funds and angel investor networks backing startups.

  1. Kirloskar Brothers Investments

    KBL Group backed venture capital fund

    Venture capital funds
    See in list
  2. Hero Electronix

    Investment firm focused on technology businesses at the hardware, software, AI intersection

    Venture capital funds
    See in list
  3. Acsys Investments

    Angel investors focused on multiple sectors

    Angel networks
    Website
  4. Suashish

    Diversified business group with interests in diamonds, jewellery, real estate, and investments

    Venture capital funds
    See in list
  5. Catamaran

    Single family office

    Limited partners
    See in list
224 companies in IndiaAll 897 venture capital funds companies in India →

Startup accelerators & incubators

Accelerator programs, incubators and startup studios.

  1. Thought Factory

    Multiple sector focused accelerator program

    Accelerators & incubators
    See in list
  2. Duane Park

    Venture capital-backed sector agnostic incubator focused on early-stage startups

    Venture capital funds
    Website
  3. VeARC

    Private equity firm investing in multiple sectors

    Accelerators & incubators
    Website
  4. IKP Knowledge Park

    Startup incubator focused on Med-Tech

    Accelerators & incubators
    Website
  5. IvyCap Ventures

    Venture capital and startup accelerator firm

    Venture capital funds
    Website
317 companies in India

Asset management & wealth management companies

Asset managers, mutual funds and portfolio managers.

  1. Nippon

    Private equity firm and fund of funds focused on multiple sectors

    Private equity funds
    See in list
  2. Tata Mutual Fund

    Asset management company

    Asset management
    See in list
  3. Unifi

    Provider of portfolio management and corporate finance advisory services

    Limited partners
    See in list
  4. ValueQuest

    Provider of portfolio management services

    Asset management
    Website
  5. Sumedha Fiscal Services

    Investment banking and wealth management firm

    Asset management
    Website
142 companies in IndiaAll 957 asset management companies in India →

Investment consultants & research firms

Investment advisers, consultants and equity research providers.

  1. First Meridian

    Provider of business consulting and staffing services

    Management consulting services
    See in list
  2. IIFL Capital

    Provider of research, sales and trading services for its institutional clients

    Investment research services
    See in list
  3. Pelican PMS

    Portfolio management service provider offering financial advisory services to clients investing

    Investment consultants
    See in list
  4. Aranca

    Provider of investment research, analytics, and business advisory services

    Investment research services
    Website
  5. Equentis Wealth Advisory Services

    Wealth advisory firm offering research-backed equity solutions, PMS, AIF, angel investing, and unlisted-market opportunities for investors

    Venture capital funds
    Website
277 companies in IndiaAll 140 investment consultants companies in India →

Single family offices

Family offices investing the wealth of business families.

  1. SRF

    Packaging Films Manufacturer - BoPP & BoPET films

    Single family offices
    See in list
  2. Kama Holdings

    Preschools and schools

    Single family offices
    Website
  3. Subhkam Ventures

    Single family office of Rakesh S Kathotia, Founder of Subhkam ventures

    Single family offices
    See in list
  4. Arvind Mafatlal Group

    Provider of textiles, rubber chemicals and denim-based products

    Single family offices
    See in list
  5. NSFO

    Investment firm partnering with enterprises managed by world-class leadership teams

    Single family offices
    See in list
86 companies in IndiaAll 102 single family offices companies in India →

Investment industry startups in India

Recently founded investment firms and platforms in India.

  1. VeARC

    Private equity firm investing in multiple sectors

    Accelerators & incubators
    Website
  2. Edhina Capital

    Venture capital firm focused on energy, mobility, and climate tech companies

    Venture capital funds
    Website
  3. Kathari

    Infrastructure fund focused on multiple sectors

    Infrastructure funds
    Website
  4. Think9

    Platform for brand co creation services

    Accelerators & incubators
    Website
  5. Capital-A

    Provider of early-stage venture capital for manufacturing, deep tech, and climate

    Venture capital funds
    Website
391 companies in India

Listed investment companies in India

Publicly listed investment companies in India.

  1. SRF

    Packaging Films Manufacturer - BoPP & BoPET films

    Single family offices
    See in list
  2. Kama Holdings

    Preschools and schools

    Single family offices
    Website
  3. Authum

    Provider of financial services across equity, debt, and structured products

    Asset management
    See in list
  4. Kirloskar Brothers Investments

    KBL Group backed venture capital fund

    Venture capital funds
    See in list
  5. JM Financial

    Investment bank firm focused on multiple sectors

    Investment banks
    See in list
55 companies in India
Mobile reach

Top 10 investment industry apps from India

The most-installed Android apps published by investment industry companies headquartered in India — 13.8M installs between them. 76 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Teji Mandi:Investing & Trading

by Teji Mandi

Installs3.4M
Rating3.8916K ratings
Installs, year on year+30%
Last updatedJun 2026
Legal entityTM INVESTMENT TECHNOLOGIES PRIVATE LIMITEDCIN U65990MH2020PTC342552
View on Google Play ↗
Teji Mandi:Investing & Trading screenshot 1Teji Mandi:Investing & Trading screenshot 2Teji Mandi:Investing & Trading screenshot 3Teji Mandi:Investing & Trading screenshot 4Teji Mandi:Investing & Trading screenshot 5Teji Mandi:Investing & Trading screenshot 6
2

Nippon India Mutual Fund

by Nippon

Installs3.0M
Rating4.0253K ratings
Installs, year on year+18%
Last updatedMay 2026
Legal entityNIPPON LIFE INDIA ASSET MANAGEMENT LIMITEDCIN L65910MH1995PLC220793
View on Google Play ↗
Nippon India Mutual Fund screenshot 1Nippon India Mutual Fund screenshot 2Nippon India Mutual Fund screenshot 3Nippon India Mutual Fund screenshot 4Nippon India Mutual Fund screenshot 5Nippon India Mutual Fund screenshot 6
3

Choice FinX: Demat Account App

by Choice

Installs2.7M
Rating3.7422K ratings
Installs, year on year+32%
Last updatedJun 2026
Legal entityCHOICE INSURANCE BROKING INDIA PRIVATE LIMITEDCIN U67200MH2002PTC137373
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
5

Tata Mutual Fund - SIP & Track

by Tata Mutual Fund

Installs1.0M
Rating—
Installs, year on year+500%
Last updatedJun 2026
Legal entityTATA ASSET MANAGEMENT PRIVATE LIMITEDCIN U65990MH1994PTC077090
View on Google Play ↗
Tata Mutual Fund - SIP & Track screenshot 1Tata Mutual Fund - SIP & Track screenshot 2Tata Mutual Fund - SIP & Track screenshot 3Tata Mutual Fund - SIP & Track screenshot 4Tata Mutual Fund - SIP & Track screenshot 5Tata Mutual Fund - SIP & Track screenshot 6
6

Hello Geojit

by Geojit

Installs723K
Rating—
Last updatedJun 2026
Legal entityGEOJIT FINANCIAL SERVICES LIMITEDCIN L67120KL1994PLC008403
View on Google Play ↗
Hello Geojit screenshot 1Hello Geojit screenshot 2Hello Geojit screenshot 3Hello Geojit screenshot 4Hello Geojit screenshot 5Hello Geojit screenshot 6
7

Mirae Asset Mutual Fund

by Mirae Asset

Installs662K
Rating4.784K ratings
Last updatedJun 2026
Legal entityMIRAE ASSET INVESTMENT MANAGERS (INDIA) PRIVATE LIMITEDdeclared on Google Play
View on Google Play ↗
Mirae Asset Mutual Fund screenshot 1Mirae Asset Mutual Fund screenshot 2Mirae Asset Mutual Fund screenshot 3Mirae Asset Mutual Fund screenshot 4Mirae Asset Mutual Fund screenshot 5
8

Tradz by EquityPandit

by EquityPandit

Installs356K
Rating3.26K ratings
Installs, year on year+10%
Last updatedMar 2026
Legal entityEquitypandit Financial Services Private LimitedCIN U67120RJ2013PTC041600
View on Google Play ↗
Tradz by EquityPandit screenshot 1Tradz by EquityPandit screenshot 2Tradz by EquityPandit screenshot 3Tradz by EquityPandit screenshot 4Tradz by EquityPandit screenshot 5Tradz by EquityPandit screenshot 6
9

MSFL Connect

by Marwadi

Installs232K
Rating3.773K ratings
Installs, year on year+15%
Last updatedFeb 2026
Legal entityMARWADI SHARES AND FINANCE LIMITEDCIN U65910GJ1992PLC017544
View on Google Play ↗
MSFL Connect screenshot 1MSFL Connect screenshot 2MSFL Connect screenshot 3MSFL Connect screenshot 4MSFL Connect screenshot 5MSFL Connect screenshot 6
The business behind the activity

Investment industry financials in India

Revenue, profit and growth from the filed annual accounts of 724 investment industry companies in India for FY24-25 — 997 of the 3,541 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 62% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹52,508.85 cr

724 companies filing accounts

combined net profit₹8,844.76 cr

16.8% aggregate margin

are profitable67%

486 of 724 companies

median revenue~₹3.3 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five62%

revenue concentration

Six-year view

Combined revenue of filing companies

₹28,822.90 crFY19-20645 filers
₹23,086.38 crFY20-21682 filers
₹32,736.49 crFY21-22717 filers
₹35,775.55 crFY22-23763 filers
₹51,440.85 crFY23-24800 filers
₹52,508.85 crFY24-25724 filers

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

Like-for-like

The same 614 companies over three years

+40%
FY22-23₹29,798.71 cr₹4,811.44 cr net
FY23-24₹36,639.03 cr₹9,052.16 cr net
FY24-25₹41,704.51 cr₹8,240.15 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 cr24039% profitable
₹1–10 cr25373% profitable
₹10–100 cr18690% profitable
₹100–1,000 cr4088% profitable
Over ₹1,000 cr5100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking249
0–20%130
20–50%94
50–100%75
Doubled+132

680 companies with accounts for both years; median growth +13%.

Profitability

Profit is concentrated at the top

486profitable
236loss-making
16.8%aggregate margin
7.2%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
Indium CapitalINDIUM CAPITAL ADVISORS PRIVATE LIMITED+998%₹13.82 cr
ACT GrantsACTCAPITAL FOUNDATION FOR SOCIAL IMPACT
TCGTCG ADVISORY SERVICES PRIVATE LIMITED+782%₹32.69 cr
Terminus VenturesTERMINUS VENTURES PRIVATE LIMITED
KriscoreKRISCORE FINANCIAL ADVISORS PRIVATE LIMITED₹10.82 cr
Abhinandan ForexABHINANDAN FOREX PRIVATE LIMITED+563%₹809.09 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Aurum VenturesAURUM VENTURES PRIVATE LIMITED82.9%₹137.76 cr
M A Alagappan Holdings Private LimitedM A ALAGAPPAN HOLDINGS PRIVATE LIMITED₹43.88 cr
BresconBRESCON VENTURES PRIVATE LIMITED₹72.82 cr
Azimuth InvestmentsAZIMUTH INVESTMENTS LIMITED₹11.50 cr
RenaissanceRENAISSANCE ASSET MANAGEMENT COMPANY PRIVATE LIMITED70.7%₹32.65 cr
Invicta CapservINVICTA CAPSERV PRIVATE LIMITED70.0%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Single family offices11₹13,114.46 cr~₹16.2 cr73%7.7%
Private equity funds43₹9,649.15 cr~₹14.2 cr67%31.8%
Venture capital funds114₹5,979.94 cr~₹3.5 cr65%14.5%
Investment banks271₹5,868.71 cr~₹2.9 cr74%26.8%
Investment consultants36₹1,749.91 cr~₹2.8 cr75%18.2%
Asset management11₹1,162.22 cr~₹27.2 cr82%33.2%
Accelerators & incubators107₹864.30 cr~₹1.3 cr50%2.3%
Real estate funds16₹795.07 cr~₹6.7 cr69%22.9%
Leaders

Largest investment industry companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
SRFSRF LIMITED₹11,872.94 cr₹1,268.07 cr10.7%+9%
GSFCGUJARAT STATE FERTILIZERS & CHEMICALS LIMITED₹9,741.66 cr₹573.18 cr5.9%+5%
Motilal OswalMOTILAL OSWAL FINANCIAL SERVICES LIMITED₹5,478.33 cr₹1,391.33 cr25.4%+18%
Kirloskar Brothers InvestmentsKIRLOSKAR BROTHERS LIMITED₹2,942.17 cr₹262.11 cr8.9%+7%
NipponNIPPON LIFE INDIA ASSET MANAGEMENT LIMITED₹2,348.28 cr₹1,252.23 cr53.3%+25%
CatamaranCATAMARAN VENTURES LLP₹880.84 cr₹240.70 cr27.3%+109%
Abhinandan ForexABHINANDAN FOREX PRIVATE LIMITED₹809.09 cr₹71.88 lakh0.1%+563%
NSFOMADHURIMA INTERNATIONAL PRIVATE LIMITED₹802.16 cr₹26.18 cr3.3%-26%
Axis CapitalAxis Capital Limited₹782.63 cr₹168.55 cr21.5%+32%
Multiples Alternate Asset ManagementMULTIPLES ALTERNATE ASSET MANAGEMENT PRIVATE LIMITED₹779.28 cr₹263.81 cr33.9%+174%
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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

Investment Industry Landscape of India

The financials above are one chapter. The full investment industry 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 investment industry landscape of India
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 industry funding and M&A across India

133 recorded equity rounds have gone to 4,229 investment industry 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 months2

US$6.11m

equity rounds, last 24 months12

US$290.00m

raised over five yearsUS$805.39m

54 rounds in India

M&A deals, India158

last 24 months

Capital by year

Equity funding into investment industry in India

amount rounds
$68m201811
$499m20198
$15m20204
$216m20219
$24m20228
$12m202314
$266m202413
$281m20258
$6.1m20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2019, with US$499.26m across 8 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$42.87m18 rounds · median US$259k
SeedUS$21.00m20 rounds · median US$951k
Series AUS$16.69m6 rounds · median US$2.17m
Series BUS$34.05m5 rounds · median US$3.45m
Series CUS$24.50m1 rounds · median US$24.50m
Series D+US$666.29m3 rounds · median US$217.13m
Where the money went · five years

Most-funded sub-sectors

Infrastructure fundsUS$666.29m5 rounds · 3 companies
Investment banksUS$38.40m9 rounds · 8 companies
Asset managementUS$29.42m3 rounds · 3 companies
Consumer and sme loansUS$24.50m1 rounds · 1 companies
Accelerators & incubatorsUS$16.56m10 rounds · 4 companies
Real estate & infrastructure developersUS$9.65m4 rounds · 1 companies
Investment consultantsUS$8.17m6 rounds · 4 companies
Corporate activity · last 24 months

M&A in India

153Acquisition
5Merger

Most active acquirers

  1. Jsw group23
  2. Premji invest14
  3. Authum investment & infrastructure12
  4. Aurum proptech5
  5. Axis bank4

Most acquired or merged

  1. Peak xv partners5
  2. Avendus5
  3. Emkay Global Financial Services3
  4. Batlivala & karani securities3
  5. JSW MG Motor India2

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

Go deeper in the investment industry landscape reports:

Investment Industry Landscape of India Accounting and Tax Software Industry Landscape of India AdTech Industry Landscape of India

Investment industry funding in India

46 investment industry companies in India have recorded equity funding, US$1.53bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind investment industry companies in India. 1,983 of 3,541 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India investment industry companies by sub-sector

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

Keep exploring investment industry in India and nearby markets.

Coming soon