Company lists
The Maharashtra edition · 2026

Investment techcompanies in Maharashtra

Trading, wealth management, research & data, alternative investments, regtech & banking tech and more: the companies building investment tech in Maharashtra, with their founders, funding, team size and business models.

1,082 company profiles335 with reported revenue97 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent investment tech business events in Maharashtra

Funding, M&A, contract wins and launches involving 1,358 investment tech companies in Maharashtra, last 24 months: 23 M&A deals · 18 funding rounds · 9 launches · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

LaunchAI-powered Gold Purity Evaluation Machine

Augmont

Augmont has launched an AI-powered Gold Purity Evaluation Machine at its Poonamallee Gold Loan branch in Chennai, Tamil Nadu, as part of its efforts to digitize and streamline gold…

Gold Loan / Gold Assessment
M&AAcquisition · Completed

Raise financial services acquires GreenLife Insurance Broking Private Limited

Raise Financial Services has acquired GreenLife Insurance Broking Private Limited in a cash-and-stock transaction, marking the company's entry into India's insurance distribution market.

Insurance
M&AAcquisition · Completed

Raise financial services acquires GreenLife Insurance Broking

Raise Financial Services, the holding company of the stock trading platform Dhan, has recently acquired GreenLife Insurance Broking as part of its formal entry into the insurance…

Insurance
FundingRight issue

5paisa capital

Digital Investment Platform 5Paisa Capital has successfully completed its right issue of Rs 468.8 crore. The company’s right issue got a total of 1.24 times subscription. According to…

Fintech
M&AAcquisition · Announced

Dhan acquires Stratzy

Previously, Dhan acquired Stratzy in November 2025 for around $4-4.5 million, strengthening its algorithmic investing capabilities.

Financial Services
M&AAcquisition · Completed

Dhan acquires Filter Coffee

The development comes more than a year after Dhan acquired new-age media startup Filter Coffee to foray into business content space.

Funding

Finfinity

"Finfinity raised $2.4 million,"

Investors Na
Lending
Funding

Truboard partners

Asset performance platform Truboard Partners has secured Rs 20 crore ($2.2 million) in a funding round led by Earth Fund, an environment- and sustainability-focused venture capital platform.

Investors Earth Fund
FinTech
M&AAcquisition · Completed

Franklin templeton acquires Benefit street partners

The move marks the final step in the integration of the two businesses, with BSP acquired by Franklin Templeton in 2019 and Alcentra in 2022.

Alternative Credit
FundingMajority growth / Private Equity Investment

Trustwell

Funding Details Company: Trustwell Raised: Undisclosed Round: Majority growth / Private Equity Investment Funding Date: January 2026 Lead Investor: TPG – The Rise Funds Additional…

Investors TPG – The Rise Funds
Supply Chain SaaS / Food Regulatory Compliance and Traceability
Funding

Dezerv

Premji Invest, Z47 (formerly Matrix Partners), and Elevation Capital were also active during the period, backing Dezerv’s $72 million fundraise across two rounds.

Investors Premji invest, Z47 (formerly Matrix Partners), Elevation capital
Wealthtech
M&AAcquisition

Arihant capital markets acquires Davangere Sugar Co. Ltd

Aristhant Capital Markets has bought shares of Davangere Sugar Co. Ltd via Bulk Deal on Friday.

M&AAcquisition · Announced

Raise Financial acquires Stratzy

Raise Financial, the parent of online stock trading platform Dhan, has fully acquired Stratzy, an algo-based investing and trading startup, in a cash-and-stock deal valued at $4-4.5…

M&AAcquisition · Completed

Bajaj financial securities acquires Lemnisk

Bajaj Financial Securities has acquired stakes in Bengaluru-based customer data platform Lemnisk through a secondary transaction, giving partial exits to early backers including growX…

Customer Data Platform
Funding

Dezerv

Dezerv raised about Rs 350 crore (roughly $42 million) in September 2025 in a funding round led by Premji Invest and Accel.

Investors Premji invest, Accel
M&AAcquisition · Announced

Choice international acquires Fintoo

Additionally, the company has acquired Fintoo’s insurance distribution business, encompassing its client portfolio, team, IT systems, and supporting infrastructure.

Funding

Incred money

InCred Money, its digital-wealth platform, recently raised $30 million at a $250-million valuation.

Investors Na
M&AAcquisition · Announced

Bandhan mutual fund acquires Sobha Limited

Bandhan Mutual Fund, through its various schemes, has increased its stake in Sobha Limited to 5.0114% of the paid-up capital, acquiring additional equity shares of 0.0146% on September…

FundingUndisclosed

Incred money

Meanwhile, InCred Money secured $30 million from marquee investors including Ranjan Pai of Manipal Group.

Investors Ranjan Pai of Manipal Group
Wealthtech / investmenttech
LaunchBajaj Broking Privé

Bajaj Broking

Bajaj Broking, the stockbroking arm of Bajaj Finance Ltd., has launched Bajaj Broking Privé, an offering designed exclusively for India’s ultra-high net worth individuals (UHNI).

M&AAcquisition · Announced

Blackrock acquires Franklin templeton

BlackRock’s acquisition of Franklin Templeton

LaunchManaged Options Strategies

Franklin templeton

Franklin Templeton, meanwhile, has added managed options strategies to its Canvas custom indexing platform.

Options
Funding

HOW3

HOW3’s virtual character Ha Woo Sam targets Gen Z with music and stories, raising USD 0.71M.

Virtual Music Characters
M&AAcquisition · Completed

Bank of america acquires Angel one

BofA bought over 15.19 lakh shares worth Rs 348 crore through its French subsidiary BofA Securities Europe SA while in the former case, BofA acquired Angel One shares at a price of Rs…

LaunchNext-generation Wealth-Tech platform

Equirus wealth

Equirus Wealth announced the launch of its next-generation Wealth-Tech platform, which combines portfolio insights, real-time analytics and advisory tools in one place.

Platform
M&AAcquisition · Announced

Aurionpro Solutions acquires Fintra

the technology solutions provider announced the acquisition of Fintra Software Pvt Ltd to enhance its transaction banking offerings.

Technology Solutions Provider
FundingSeed

Deciml

6 Mar 2025 Deciml Enterprise Tech Horizontal SaaS B2B $3 Mn Seed Jainam Broking Limited

Investors Jainam broking
Enterprise Tech
M&AAcquisition · Announced

Bandhan mutual fund acquires Sterlite Technologies

Bandhan Mutual Fund purchased 60.12 lakh shares or a 1.23 percent stake in Sterlite Technologies at an average price of Rs. 81.

FundingSeed

Kleio

Kleio has secured €3 million in Seed funding.

Investors Serena, Daphni, Houman Behzadi, Julien Bellanger
Conversational AI
M&AAcquisition

Lockton acquires Arihant capital

Lockton’s acquisition of the IRDAI License and the Arihant Capital acquisition mark significant milestones.

Insurance

Investment tech companies in Maharashtra, by revenue

Browse investment tech companies in Maharashtra 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 335 investment tech companies in 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

Price watchlist for bullion trading

Brokers and dealers
₹11,894.90 crFY 2024-25
+189%2024–2025
—Not available
19 yr2007
0none in 3 months

Online platform for investing in high yield bonds

Investment tech
₹9,062.92 crFY 2024-25
+133%2024–2025
—Not available
5 yr2021
0none in 3 months

Provider of a digital platform for buying, selling, and storing 24K gold

Investment tech
₹6,867.10 crFY 2024-25
Not reported
63+10% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
3postings · last posted Sep 2026

Alternative investment platform for gold

Investment tech
₹5,568.76 crFY 2024-25
+240%2024–2025
267+22% 12 mo to Dec 2023LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Precious metals investment platform for individuals

Investment tech
₹4,973.88 crFY 2024-25
+38%2024–2025
—Not available
3 yr2023
0none in 3 months

App-based brokerage stock trading platform

Investment tech
₹5,152.23 crFY 2025-26
-2%2025–2026
11,842+40% 12 mo to Sep 2024LinkedIn · Jul 2026
30 yr1996
17postings · last posted Sep 2026

App based wealth management solution

Investment tech
₹4,279.79 crFY 2023-24
+42%2023–2024
—Not available
39 yr1987
0none in 3 months

Integrated platform for wealth management and financial advisory

Investment tech
₹4,169.31 crFY 2024-25
+32%2024–2025
2,949+21% 12 mo to Aug 2024recorded Aug 2024
4 yr2022
0none in 3 months

Brokerage-based stock trading platform

Investment tech
₹3,915.00 crFY 2023-24
Not reported
7,959-94% 12 mo to Sep 2024LinkedIn · Jul 2026
32 yr1994
0none in 3 months · last posted Jun 2026

Online trading platform for equities and multiple assets

Investment tech
₹2,329.01 crFY 2024-25
+29%2024–2025
10,803+16% 12 mo to Aug 2024recorded Aug 2024
20 yr2006
0none in 3 months

App-based stock investment and research platform

Investment tech
₹2,231.29 crFY 2023-24
Not reported
1,172+9% 12 mo to Sep 2024recorded Sep 2024
31 yr1995
1postings · last posted Jul 2026

Alternative investment platform for silver & gold

Investment tech
₹1,800.13 crFY 2024-25
+698%2024–2025
96-52% 12 mo to Sep 2024recorded Sep 2024
14 yr2012
0none in 3 months

Online platform providing public companies information

Investment tech
₹1,714.15 crFY 2024-25
+13%2024–2025
235+8% 12 mo to Sep 2024recorded Sep 2024
30 yr1996
0none in 3 months

AI-based platform for investments in stocks, mutual funds, commodities, and equity

Investment tech
₹1,657.73 crFY 2024-25
+45%2024–2025
5,603+10% 12 mo to Jul 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted May 2026

Online trading platform for multiple assets

Investment tech
₹1,173.48 crFY 2021-22
Not reported
1,241+18% 12 mo to Dec 2023recorded Dec 2023
32 yr1994
—No postings tracked

Broker-based online trading and investment platform

Investment tech
₹1,208.23 crFY 2024-25
+9%2024–2025
2,131LinkedIn · Jul 2026
17 yr2009
8postings · last posted Sep 2026

Developer of financial service products and infrastructure for Indian residents

Investment tech
₹904.46 crFY 2024-25
+138%2024–2025
353+2% vs previous recordLinkedIn · Jul 2026
5 yr2021
0none in 3 months

InvestValue website

Investment tech
₹807.52 crFY 2024-25
+436%2024–2025
81LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Wealth management and investment advisory platform

Investment tech
₹529.42 crFY 2024-25
+699%2024–2025
9LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Broker-based online trading and investment platform

Investment tech
₹394.74 crFY 2023-24
+16%2023–2024
1,007+3% 12 mo to Mar 2024LinkedIn · Jul 2026
10 yr2016
2postings · last posted Sep 2026

Provider of algorithmic trading platform for strategy development and deployment

Investment tech
₹356.33 crFY 2024-25
+50%2024–2025
28LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Financial planning and wealth management firm

Investment tech
₹350.92 crFY 2024-25
+72%2024–2025
324-8% 12 mo to May 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of tools for financial advisors to acquire and retain clients

Investment tech
₹307.22 crFY 2024-25
+1064%2024–2025
40LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of online investment platform for stocks, mutual funds, and derivatives

Investment tech
₹273.29 crFY 2024-25
+6%2024–2025
367+11% 12 mo to Jun 2024recorded Jun 2024
32 yr1994
0none in 3 months

Online platform to invest and trade in unlisted, de-listed and pre-IPO shares

Investment tech
₹264.45 crFY 2024-25
+59%2024–2025
—Not available
41 yr1985
0none in 3 months
50 of 1,082 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,082 investment tech companies in Maharashtra on Radar

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

Open investment tech in Maharashtra on Radar
  • Every company, not just 50All 1,082 investment tech companies in Maharashtra, 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 tech companies in Maharashtra by what you are looking for

Browse top investment tech companies in Maharashtra, from trading platforms to wealth management technology. Find investment tech startups in Maharashtra and investment software companies serving investors and advisors.

9 ways to explore investment tech in Maharashtra

Online trading & stock broking platformsWealth management & financial planning platformsEquity research & financial data providersGold, bonds & alternative investment platformsRegtech, risk & banking softwareAI, chatbot & digital finance tools

Online trading & stock broking platforms

Trading platforms, brokers and forex trading tools for investors.

  1. Sanghavi Bullion

    Price watchlist for bullion trading

    Brokers and dealers
    See in list
  2. Angel One

    App-based brokerage stock trading platform

    Investment tech
    See in list
  3. SBICAP

    Online trading platform for equities and multiple assets

    Investment tech
    See in list
  4. IIFL Securities

    App-based stock investment and research platform

    Investment tech
    See in list
  5. Axis Direct

    AI-based platform for investments in stocks, mutual funds, commodities, and equity

    Investment tech
    See in list

Wealth management & financial planning platforms

Wealth platforms, robo advisors and financial planners for investors.

  1. Nuvama

    Integrated platform for wealth management and financial advisory

    Investment tech
    See in list
  2. Arthya

    Wealth management and investment advisory platform

    Investment tech
    See in list
  3. InCred Wealth

    Financial planning and wealth management firm

    Investment tech
    See in list
  4. reliancesmartmoney.com

    Provider of online platform for trading stocks, mutual funds, and insurance

    Insurance distribution
    See in list
  5. Equirus Wealth

    Wealth management and portfolio management services provider

    Investment tech
    See in list

Equity research & financial data providers

Stock research platforms, credit ratings and financial databases.

  1. Bloomberg India

    Online platform providing public companies information

    Investment tech
    See in list
  2. InvestValue

    InvestValue website

    Investment tech
    See in list
  3. India Ratings and Research

    Credit rating and research agency offering financial data

    Alternative lending
    See in list
  4. Incred Equities

    Equity research and actionable recommendations for institutional clients

    Investment tech
    See in list
  5. AIM

    Developer of an AI-based data analytics platform for stocks

    Investment tech
    See in list

Gold, bonds & alternative investment platforms

Platforms for investing in gold, bonds, real estate and crowdfunding.

  1. 24Carat Capital Markets

    Online platform for investing in high yield bonds

    Investment tech
    See in list
  2. SafeGold

    Provider of a digital platform for buying, selling, and storing 24K gold

    Investment tech
    See in list
  3. Augmont

    Alternative investment platform for gold

    Investment tech
    See in list
  4. SPN Gold

    Precious metals investment platform for individuals

    Investment tech
    See in list
  5. Analah Ventures

    Provider of financial services for equity and real estate

    Investment tech
    See in list

Regtech, risk & banking software

Compliance, risk management and treasury software for financial institutions.

  1. Techexcel Software Solutions

    Software solutions for financial institutions

    Investment tech
    Website
  2. Riskpro

    Risk Management and risk consulting company

    Investment tech
    Website
  3. CARE Risk Solution

    Risk management and compliance solutions for industries

    Investment tech
    Website
  4. Optimum Financial Solutions

    Provider of technology solutions for the financial services and banking sectors

    Investment tech
    Website
  5. White Label E-Systems

    Enterprise treasury management software provider

    Banking tech
    Website

AI, chatbot & digital finance tools

AI-based advisory, chatbots, insurance and expense tools for finance.

  1. Intellimation

    Developer of vertical AI solutions for banking and financial services

    Investment tech
    Website
  2. 5 nce

    Provider of AI-powered investment and financial advisory services and related products

    Investment tech
    Website
  3. Theremin

    Provider of AI-powered quantitative investment strategies

    Investment tech
    Website
  4. MyFi

    AI powered financial assistant to manage wealth

    Chatbots
    Website
  5. Medront

    Provider of a personal data management application with AI assistance

    Cybersecurity
    Website

Investment tech startups in Maharashtra

Newer investment technology companies founded in recent years.

  1. 24Carat Capital Markets

    Online platform for investing in high yield bonds

    Investment tech
    See in list
  2. Raise

    Developer of financial service products and infrastructure for Indian residents

    Investment tech
    See in list
  3. InvestValue

    InvestValue website

    Investment tech
    See in list
  4. BeyondIRR

    Provider of tools for financial advisors to acquire and retain clients

    Investment tech
    See in list
  5. Precize

    Digital investment platform

    Investment tech
    See in list
277 companies in Maharashtra

Investment tech companies hiring in Maharashtra

Investment technology companies that are currently hiring.

  1. SafeGold

    Provider of a digital platform for buying, selling, and storing 24K gold

    Investment tech
    See in list
  2. Angel One

    App-based brokerage stock trading platform

    Investment tech
    See in list
  3. IIFL Securities

    App-based stock investment and research platform

    Investment tech
    See in list
  4. Axis Direct

    AI-based platform for investments in stocks, mutual funds, commodities, and equity

    Investment tech
    See in list
  5. Upstox

    Broker-based online trading and investment platform

    Investment tech
    See in list
23 companies in Maharashtra

Listed investment tech companies in Maharashtra

Publicly listed investment and broking technology companies.

  1. Angel One

    App-based brokerage stock trading platform

    Investment tech
    See in list
  2. IIFL Securities

    App-based stock investment and research platform

    Investment tech
    See in list
  3. Anand Rathi

    Online trading platform for multiple assets

    Investment tech
    See in list
  4. 5paisa

    Broker-based online trading and investment platform

    Investment tech
    See in list
  5. 63Moons

    AI-powered next gen technology and solutions for creating digital markets

    Investment tech
    See in list
12 companies in Maharashtra
Mobile reach

Top 10 investment tech apps from Maharashtra

The most-installed Android apps published by investment tech companies headquartered in Maharashtra — 249.8M installs between them. 264 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Angel One: Stocks, Mutual Fund

by Angel One

Installs111.3M
Rating4.451.8M ratings
Last updatedMay 2026
View on Google Play ↗
Angel One: Stocks, Mutual Fund screenshot 1Angel One: Stocks, Mutual Fund screenshot 2Angel One: Stocks, Mutual Fund screenshot 3Angel One: Stocks, Mutual Fund screenshot 4Angel One: Stocks, Mutual Fund screenshot 5Angel One: Stocks, Mutual Fund screenshot 6
2

Upstox Stocks IPO Mutual Funds

by Upstox

Installs46.4M
Rating4.45486K ratings
Installs, year on year+31%
Last updatedJun 2026
View on Google Play ↗
Upstox Stocks IPO Mutual Funds screenshot 1Upstox Stocks IPO Mutual Funds screenshot 2Upstox Stocks IPO Mutual Funds screenshot 3Upstox Stocks IPO Mutual Funds screenshot 4Upstox Stocks IPO Mutual Funds screenshot 5Upstox Stocks IPO Mutual Funds screenshot 6
3

5paisa: Stocks, MF, F&O App

by 5paisa

Installs19.9M
Rating4.27653K ratings
Installs, year on year+13%
Last updatedJun 2026
View on Google Play ↗
5paisa: Stocks, MF, F&O App screenshot 15paisa: Stocks, MF, F&O App screenshot 25paisa: Stocks, MF, F&O App screenshot 35paisa: Stocks, MF, F&O App screenshot 45paisa: Stocks, MF, F&O App screenshot 55paisa: Stocks, MF, F&O App screenshot 6
4

mStock: Demat & Stock Trading

by mStock

Installs18.7M
Rating3.5477K ratings
Installs, year on year+23%
Last updatedMay 2026
View on Google Play ↗
mStock: Demat & Stock Trading screenshot 1mStock: Demat & Stock Trading screenshot 2mStock: Demat & Stock Trading screenshot 3mStock: Demat & Stock Trading screenshot 4mStock: Demat & Stock Trading screenshot 5mStock: Demat & Stock Trading screenshot 6
5

Dhan: Share Market Trading App

by Raise

Installs15.2M
Rating3.9658K ratings
Installs, year on year+73%
Last updatedMay 2026
View on Google Play ↗
Dhan: Share Market Trading App screenshot 1Dhan: Share Market Trading App screenshot 2Dhan: Share Market Trading App screenshot 3Dhan: Share Market Trading App screenshot 4Dhan: Share Market Trading App screenshot 5Dhan: Share Market Trading App screenshot 6
6

2WinTrade-Platform for Profit

by 2WinTrdae

Installs11.0M
Rating4.2853K ratings
Last updatedMar 2026
View on Google Play ↗
2WinTrade-Platform for Profit screenshot 12WinTrade-Platform for Profit screenshot 22WinTrade-Platform for Profit screenshot 32WinTrade-Platform for Profit screenshot 42WinTrade-Platform for Profit screenshot 52WinTrade-Platform for Profit screenshot 6
7

HDFC SKY: Demat Stocks IPO MF

by HDFC SKY

Installs10.1M
Rating4.2740K ratings
Installs, year on year+27%
Last updatedMay 2026
View on Google Play ↗
HDFC SKY: Demat Stocks IPO MF screenshot 1HDFC SKY: Demat Stocks IPO MF screenshot 2HDFC SKY: Demat Stocks IPO MF screenshot 3HDFC SKY: Demat Stocks IPO MF screenshot 4HDFC SKY: Demat Stocks IPO MF screenshot 5HDFC SKY: Demat Stocks IPO MF screenshot 6
8

SBI Securities: Stocks & SIP

by SBICAP

Installs7.7M
Rating4.2255K ratings
Installs, year on year+40%
Last updatedMay 2026
View on Google Play ↗
SBI Securities: Stocks & SIP screenshot 1SBI Securities: Stocks & SIP screenshot 2SBI Securities: Stocks & SIP screenshot 3SBI Securities: Stocks & SIP screenshot 4SBI Securities: Stocks & SIP screenshot 5SBI Securities: Stocks & SIP screenshot 6
9

Bajaj Broking: Demat & Trading

by Bajaj Broking

Installs5.1M
Rating4.1210K ratings
Last updatedMay 2026
View on Google Play ↗
Bajaj Broking: Demat & Trading screenshot 1Bajaj Broking: Demat & Trading screenshot 2Bajaj Broking: Demat & Trading screenshot 3Bajaj Broking: Demat & Trading screenshot 4Bajaj Broking: Demat & Trading screenshot 5Bajaj Broking: Demat & Trading screenshot 6
10

Market Pulse: Traders Superapp

by Market Pulse

Installs4.5M
Rating4.6190K ratings
Last updatedMar 2026
View on Google Play ↗
Market Pulse: Traders Superapp screenshot 1Market Pulse: Traders Superapp screenshot 2Market Pulse: Traders Superapp screenshot 3Market Pulse: Traders Superapp screenshot 4Market Pulse: Traders Superapp screenshot 5Market Pulse: Traders Superapp screenshot 6
The business behind the activity

Investment tech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 316 investment tech companies in Maharashtra for FY24-25 — 401 of the 1,082 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 60% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹64,663.41 cr

316 companies filing accounts

combined net profit₹3,032.38 cr

4.7% aggregate margin

are profitable61%

194 of 316 companies

median revenue~₹3.5 cr

the typical company

median revenue growth+27%

into FY24-25

earned by the top five60%

revenue concentration

Six-year view

Combined revenue of filing companies

₹8,934.11 crFY19-20198 filers
₹10,474.24 crFY20-21219 filers
₹18,305.91 crFY21-22250 filers
₹26,104.21 crFY22-23298 filers
₹40,755.28 crFY23-24326 filers
₹64,663.41 crFY24-25316 filers

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

Like-for-like

The same 256 companies over three years

+159%
FY22-23₹22,822.99 cr₹2,309.90 cr net
FY23-24₹32,679.15 cr₹5,038.54 cr net
FY24-25₹59,210.06 cr₹3,060.78 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 cr10439% profitable
₹1–10 cr11061% profitable
₹10–100 cr7081% profitable
₹100–1,000 cr2190% profitable
Over ₹1,000 cr1191% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking82
0–20%52
20–50%52
50–100%38
Doubled+66

290 companies with accounts for both years; median growth +27%.

Profitability

Profit is concentrated at the top

194profitable
122loss-making
4.7%aggregate margin
2.4%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
InCred MoneyAlpha Fintech Private Limited+898%₹49.74 cr
ArthyaARTHYA WEALTH AND INVESTMENTS PRIVATE LIMITED+699%₹529.42 cr
Bullion IndiaGOLDELLA PRECIOUS METALS PRIVATE LIMITED+698%₹1,800.13 cr
UpstoxRKSV SECURITIES INDIA PRIVATE LIMITED+638%₹529.48 cr
WealthTech, FintooinvestMIHIKA FINANCIAL SERVICES PRIVATE LIMITED+601%₹13.80 cr
InvestValueINVESTVALUE FINTECH PRIVATE LIMITED+436%₹807.52 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
3ADeal3A CAPITAL SERVICES LIMITED
IndsecINDSEC SECURITIES AND FINANCE LTD₹37.38 cr
PM SecuritiesPANKAJ MANGALDAS SECURITIES PRIVATE LIMITED₹19.25 cr
Intellect Stock BrokingINTELLECT STOCK BROKING LIMITED60.7%₹44.16 cr
GreeksoftGREEKSOFT TECHNOLOGIES PRIVATE LIMITED
Omkara CapitalOMKARA CAPITAL PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Investment tech285₹52,148.37 cr~₹3.6 cr63%5.6%
Data as a service5₹111.95 cr~₹5.0 cr40%6.8%
Leaders

Largest investment tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Sanghavi BullionSANGHAVI BULLION PRIVATE LIMITED₹11,894.90 cr₹20.62 cr0.2%+189%
24Carat Capital Markets24CARAT CAPITAL MARKETS PRIVATE LIMITED₹9,062.92 cr₹2.25 cr0.0%+133%
SafeGoldDIGITAL GOLD INDIA PRIVATE LIMITED₹6,795.25 cr−₹10.67 cr-0.2%+11%
AugmontAUGMONT GOLDTECH PRIVATE LIMITED₹5,568.76 cr₹24.03 cr0.4%+240%
Angel OneANGEL ONE LIMITED₹5,183.31 cr₹1,215.95 cr23.5%+22%
SPN GoldSPN GOLD & PRECIOUS METALS (INDIA) PRIVATE LIMITED₹4,973.88 cr₹97.00 lakh0.0%+38%
Aspect Bullion & RefineryASPECT BULLION REFINERY PRIVATE LIMITED₹4,899.88 cr₹4.53 cr
SBICAPSBICAP SECURITIES LIMITED₹2,329.01 cr₹592.34 cr25.4%+29%
Bullion IndiaGOLDELLA PRECIOUS METALS PRIVATE LIMITED₹1,800.13 cr₹2.09 cr0.1%+698%
Bloomberg IndiaBLOOMBERG DATA SERVICES (INDIA) PRIVATE LIMITED₹1,714.15 cr₹52.84 cr3.1%+13%
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 tech funding and M&A across India

1,045 recorded equity rounds have gone to 4,828 investment tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months39

US$386.95m

equity rounds, last 24 months127

US$880.43m

raised over five yearsUS$2.66bn

624 rounds in India

M&A deals, Maharashtra23

last 24 months

Capital by year

Equity funding into investment tech in India

amount rounds
$137m201857
$197m201961
$529m202073
$897m2021158
$577m2022173
$116m202396
$263m202492
$719m202588
$86m202617

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$896.53m across 158 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$44.05m121 rounds · median US$124k
SeedUS$425.51m383 rounds · median US$499k
Series AUS$543.86m68 rounds · median US$4.01m
Series BUS$515.00m28 rounds · median US$14.50m
Series CUS$344.30m9 rounds · median US$27.36m
Series D+US$784.38m15 rounds · median US$20.00m
Where the money went · five years

Most-funded sub-sectors

Investment techUS$2.37bn555 rounds · 256 companies
Sports techUS$123.50m3 rounds · 2 companies
Consumer and sme loansUS$70.00m2 rounds · 1 companies
Data as a serviceUS$23.60m11 rounds · 8 companies
Banking techUS$21.05m6 rounds · 2 companies
Pc & console gamingUS$16.00m3 rounds · 3 companies
Music techUS$5.50m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in Maharashtra

23Acquisition

Most active acquirers

  1. Raise financial services5
  2. Dhan3
  3. Franklin templeton3
  4. Bandhan mutual fund2
  5. Arihant capital markets1

Most acquired or merged

  1. Stratzy3
  2. Filter Coffee2
  3. GreenLife Insurance Broking Private Limited1
  4. GreenLife Insurance Broking1
  5. GreenLife Insurance Booking Private Limited (GIBL)1

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

Investment tech funding in Maharashtra

97 investment tech companies in Maharashtra have recorded equity funding, US$742.91m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind investment tech companies in Maharashtra. 579 of 1,082 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra investment tech companies by sub-sector

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

Keep exploring investment tech in India and nearby markets.

Coming soon