Company lists
The Maharashtra edition · 2026

Service providers to bankscompanies in Maharashtra

Loans & lending, credit & banking agents, debt recovery, investment services, consulting and more: the companies building service providers to banks in Maharashtra, with their founders, funding, team size and business models.

138 company profiles61 with reported revenue8 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent service providers to banks business events in India

Funding, M&A, contract wins and launches involving 632 service providers to banks companies in India, last 24 months: 24 M&A deals · 16 Contracts · 11 funding rounds · 10 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

LaunchPRISM

Axis Trustee Services

Axis Trustee Services Limited, a wholly owned subsidiary of Axis Bank, has launched PRISM, a digital-first platform aimed at strengthening its transition into a FinTech‑led trustee…

Trustee services platform
ContractGovernment

National asset reconstruction · client: Mcleod Russel India

The Khaitan family, promoters of McLeod Russel India Ltd, have secured a reprieve through a debt restructuring deal with the National Asset Reconstruction Company Ltd.

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
LaunchSecured Redeemable Non-Convertible Debentures (NCDs)

Icl fincorp

ICL Fincorp is proud to announce the launch of its latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs), opening on 10th April 2026.

M&AAcquisition

Cms info systems acquires Financial Software and Systems

CMS Info Systems acquired the managed ATM services business of Financial Software and Systems for $12 million

Funding

Metafin

"Metafin raised $10 million in debt,"

Investors Na
Lending
M&AAcquisition · Announced

Cms info systems acquires Financial Software and Systems (FSS)

CMS Info Systems on Sunday announced the acquisition of Financial Software and Systems (FSS) managed services business for Rs 115 crore to strengthen its position in the end-to-end ATM…

Financial Software / Managed Services
M&AMerger · Announced

National asset reconstruction acquires India Debt Resolution Co (IDRCL)

plans underway to merge the National Asset Reconstruction Co (NARCL) and India Debt Resolution Co (IDRCL), people familiar with the matter told ET.

Financial Services
M&AAcquisition · Completed

Na acquires Infina finance

Kotak Mahindra Bank has announced the completion of the sale of its stake in Infina Finance Private Limited.

M&AAcquisition · Announced

Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited acquires Infina finance

Kotak Mahindra Bank, through its wholly-owned subsidiary Kotak Mahindra Capital Company Limited (KMCC), has announced the sale of a significant portion of its stake in Infina Finance…

M&AAcquisition · Announced

KF Trust acquires Infina finance

Kotak Mahindra Bank, through its wholly-owned subsidiary Kotak Mahindra Capital Company Limited (KMCC), has announced the sale of a significant portion of its stake in Infina Finance…

Financial Services
M&AAcquisition · Announced

Estate of Shri Rakesh Jhunjhunwala through its Trusts acquires Infina finance

Kotak Mahindra Bank, through its wholly-owned subsidiary Kotak Mahindra Capital Company Limited (KMCC), has announced the sale of a significant portion of its stake in Infina Finance…

M&AAcquisition · Completed

DC&T Global Private Limited acquires Metafin

DC&T Global Private Limited, a wholly owned subsidiary of Belding India Limited, has successfully acquired 55% shareholding in Metafin Technology Private Limited on March 5, 2026.

Engineering, Industrial Equipment & Automation
M&AAcquisition · Completed

Ppfas mutual fund acquires Cms info systems

The mutual fund acquired 17,64,757 shares of CMS Info Systems through open market purchases on February 26, 2026. This acquisition represents 1.07% of the company's total share capital…

IT Services
FundingSeries C

Olyv

Bengaluru-based Olyv, a consumer lending platform, has raised INR 207 crore (about USD 23 million) in a Series C funding round from Nandan Nilekani’s The Fundamentum Partnership and…

Investors Nandan Nilekani’s The Fundamentum Partnership, Japan’s SMBC Asia Rising Fund
Consumer lending
Funding

Care.Fi

Care.fi landed $8 million to help hospitals in India run better and faster…

Health
LaunchSecured Redeemable NonConvertible Debentures (NCDs)

Icl fincorp

ICL Fincorp has announced the launch of its latest public issue of Secured Redeemable NonConvertible Debentures (NCDs), opening on 5th February 2026.

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 · Announced

Care.Fi acquires Aldun

Care.fi, a healthcare-focussed fintech founded by Vikrant Agrawal and Sidak Singh, announced its acquisition of Aldun, a discharge-automation platform known for enabling near-instant,…

Healthcare Software
ContractSupply

KMI Business Technologies · client: Print City Digital Press

New Delhi-based Print City Digital Press has opted for Konica Minolta Bizhub Press C8000 to increase its production capacity from the current 2,000 to 5,000 A3 sheets per day. The…

Digital printing
M&AAcquisition · Completed

Omkara Asset Reconstruction Company (Omkara ARC) acquires National asset reconstruction

Omkara Asset Reconstruction Company (Omkara ARC) has successfully acquired ₹3,763 crore debt of Wind World India Limited (WWIL) from the National Asset Reconstruction Company Limited…

Asset Reconstruction
FundingMaiden external equity fundraise

Hiranandani financial services

Hiranandani Financial Services (HFS), a Non‑Banking Financial Company (NBFC) focused on empowering micro and small‑business entrepreneurs, today announced its maiden external equity…

Financial Services
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

Crisil acquires Mckinsey

Crisil, an S&P Global Company, announced the acquisition of McKinsey PriceMetrix Co. (PriceMetrix), a leading provider of performance benchmarking and data-driven insights for the wealth…

Wealth Management Analytics
M&AAcquisition · Announced

Crisil acquires PriceMetrix

Crisil, an S&P Global Company, announced the acquisition of McKinsey PriceMetrix Co. ("PriceMetrix"), a leading provider of performance benchmarking and data-driven insights for the…

Performance Benchmarking
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

Icici prudential mutual fund acquires Cms info systems

ICICI Prudential Mutual Fund has increased its stake in CMS Info Systems Ltd by 0.30%, acquiring 4,95,633 equity shares on September 03, 2025.

LaunchAVA (Axis Trustee Virtual Assistant)

Axis Trustee Services

Axis Trustee Services Limited (ATSL), a wholly-owned subsidiary of Axis Bank and a leading name in corporate and fiduciary services in India, has announced the launch of AVA (Axis…

AI-powered chatbot
ContractService

Adlift · client: Olyv

AdLift, a global digital marketing agency (now acquired by Liqvd Asia), has been awarded the SEO and content marketing mandate for Olyv

Digital Marketing

Service providers to banks companies in Maharashtra, by revenue

Browse service providers to banks 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 61 service providers to banks 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

Providing technology services to various business lines, including corporate and institutional banking, wealth management, and retail banking

Service providers to banks
₹3,802.19 crFY 2024-25
+13%2024–2025
—Not available
21 yr2005
1postings · last posted Sep 2026

Provider of cash management, banking automation, remote monitoring, and card personalization services

Service providers to banks
₹2,475.21 crFY 2024-25
+8%2024–2025
9,808+10% 12 mo to Mar 2024LinkedIn · Jul 2026
18 yr2008
13postings · last posted Sep 2026

Provider of loan and syndicated credit services

Service providers to banks
₹936.73 crFY 2021-22
Not reported
128LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of secured loans against shares, property, and employee stock options

Service providers to banks
₹466.95 crFY 2023-24
+105%2023–2024
130LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of asset reconstruction services for financial institutions

Service providers to banks
₹443.83 crFY 2024-25
-17%2024–2025
76+17% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Non-banking financial institution tasked with cleaning up legacy stressed assets

Service providers to banks
₹441.00 crFY 2024-25
+42%2024–2025
16LinkedIn · Jul 2026
5 yr2021
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
1postings · last posted Sep 2026

Provider of financial products including business, working capital, and MSME loans

Consumer and sme loans
₹395.73 crFY 2024-25
+245%2024–2025
940+41% 12 mo to Aug 2024LinkedIn · Jul 2026
21 yr2005
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 operational and financial restructuring for distressed asset revival

Service providers to banks
₹258.07 crFY 2024-25
+127%2024–2025
24-45% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of architectural design, planning, and project management services

Service providers to banks
₹243.20 crFY 2023-24
Not reported
143+17% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Provider of financial services

Service providers to banks
₹162.68 crFY 2024-25
-24%2024–2025
33+57% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
0none in 3 months · last posted Apr 2026

Provider of financial services

Service providers to banks
₹150.68 crFY 2024-25
-4%2024–2025
1,360+22% vs previous recordrecorded
26 yr2000
6postings · last posted Sep 2026

Provider of credit facilities secured by mutual fund and share holdings

Service providers to banks
₹105.19 crFY 2023-24
+91%2023–2024
—Not available
30 yr1996
0none in 3 months

Provider of asset reconstruction and securitization, resolving non-performing assets

Service providers to banks
₹103.90 crFY 2024-25
+33%2024–2025
49+9% 12 mo to Aug 2024recorded Aug 2024
22 yr2004
0none in 3 months

Investment banking firm

Service providers to banks
₹80.87 crFY 2024-25
+20%2024–2025
—Not available
22 yr2004
0none in 3 months

Provider of securitisation and asset reconstruction services

Service providers to banks
₹79.40 crFY 2024-25
+9%2024–2025
121LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of banking, credit and loss data exchange services

Service providers to banks
₹62.25 crFY 2024-25
+361%2024–2025
30LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of studio spaces for visual and literary artists

Service providers to banks
₹36.40 crFY 2024-25
+101%2024–2025
41LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Online lending marketplace offering business and consumer loans

Service providers to banks
₹32.59 crFY 2022-23
+62%2022–2023
85-40% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months · last posted Jul 2026

Providing two-wheeler financing services

Service providers to banks
₹31.36 crFY 2024-25
-2%2024–2025
—Not available
30 yr1996
0none in 3 months

Provider of foreign currency loan, consulting, private placement and financial advisory services

Service providers to banks
₹28.34 crFY 2022-23
Not reported
8-47% 12 mo to Jul 2024recorded Jul 2024
41 yr1985
0none in 3 months

Digital lending platform that enables customers to access credit for their shopping needs, offering personal loans with flexible repayment terms and a seamless application process

Service providers to banks
₹27.22 crFY 2022-23
+338%2022–2023
257LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jul 2026

Provider of credit rating and initial public offering advisory services

Service providers to banks
₹27.65 crFY 2024-25
+47%2024–2025
111LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jun 2026

Provider of beauty and skincare services and products

Service providers to banks
₹19.73 crFY 2024-25
+6%2024–2025
54-3% 12 mo to Sep 2024LinkedIn · Jul 2026
43 yr1983
0none in 3 months
50 of 138 companies shown here · the full list is on Radar
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Explore service providers to banks companies in Maharashtra by what you are looking for

Find top service providers to banks companies in Maharashtra, including loan providers, banking correspondents and debt recovery firms. Discover banking service startups in Maharashtra, listed firms and companies hiring in Maharashtra.

8 ways to explore service providers to banks in Maharashtra

Loan providers & lending platformsCredit brokers & banking correspondentsDebt recovery & NPA management companiesInvestment banking, asset management & advisory firmsFinancial consulting & business services firmsBanking service startups in Maharashtra

Loan providers & lending platforms

Companies offering personal, business, home and education loans.

  1. HFS

    Provider of financial products including business, working capital, and MSME loans

    Consumer and sme loans
    See in list
  2. Fineoteric

    Online lending marketplace offering business and consumer loans

    Service providers to banks
    See in list
  3. Si Creva Capital Services

    Digital lending platform that enables customers to access credit for their shopping needs, offering personal loans with flexible repayment terms and a seamless application process

    Service providers to banks
    See in list
  4. Loan24

    Provider of financial solutions for commercial and personal vehicle loans

    Asset finance
    See in list
  5. Eduloans

    Provider of education loans

    Service providers to banks
    See in list

Credit brokers & banking correspondents

Agents and correspondents connecting customers with banks and credit products.

  1. BNP Paribas India Solutions

    Providing technology services to various business lines, including corporate and institutional banking, wealth management, and retail banking

    Service providers to banks
    See in list
  2. CMS Info Systems

    Provider of cash management, banking automation, remote monitoring, and card personalization services

    Service providers to banks
    See in list
  3. Securevalue

    Installer of suspended ceilings and partitions for commercial buildings

    Service providers to banks
    Website
  4. Axis Trustee Services

    Provider of loan and syndicated credit services

    Service providers to banks
    See in list
  5. Infina Finance

    Provider of secured loans against shares, property, and employee stock options

    Service providers to banks
    See in list

Debt recovery & NPA management companies

Firms handling debt collection, non-performing assets and credit counselling.

  1. Phoenix ARC

    Provider of asset reconstruction services for financial institutions

    Service providers to banks
    See in list
  2. Suraksha ARC

    Provider of operational and financial restructuring for distressed asset revival

    Service providers to banks
    See in list
  3. ASREC

    Provider of asset reconstruction and securitization, resolving non-performing assets

    Service providers to banks
    See in list
  4. RARC

    Provider of securitisation and asset reconstruction services

    Service providers to banks
    See in list
  5. India SME Asset Reconstruction Company

    Provider of studio spaces for visual and literary artists

    Service providers to banks
    See in list

Investment banking, asset management & advisory firms

Investment banks, asset managers and financial advisors serving banks and investors.

  1. 5paisa

    Broker-based online trading and investment platform

    Investment tech
    See in list
  2. Emkay

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

    Investment banks
    See in list
  3. The Digital Fifth

    Provider of diversified management consulting services for investment industry

    Asset management
    See in list
  4. Silverleaf Capital Services

    Provider of financial services

    Services for investment industry
    See in list
  5. CFM

    Investment banking advisory firm

    Investment banks
    See in list

Financial consulting & business services firms

Management consulting, finance and accounting services for the financial industry.

  1. The Digital Fifth

    Provider of diversified management consulting services for investment industry

    Asset management
    See in list
  2. Mecklai

    Provider of treasury risk consulting and foreign exchange risk advisory firm to help corporates manage currency and interest rate risks

    Service providers to banks
    See in list
  3. Fimansy

    Provider of financial management solutions

    Finance & accounting services
    Website
  4. Technovative

    Provider of management consulting services for financial and technology firms

    Management consulting services
    Website
  5. Finwisor

    Financial advisory firm offering investment planning and execution services

    Service providers to banks
    Website

Banking service startups in Maharashtra

Recently founded service providers to banks based in Maharashtra.

  1. National Asset Reconstruction

    Non-banking financial institution tasked with cleaning up legacy stressed assets

    Service providers to banks
    See in list
  2. Credsolv

    Provider of end-to-end solutions for Fintech industry

    Service providers to banks
    See in list
  3. Flexi Payment

    Provider of supply chain finance, invoice discounting, and working capital loans

    Service providers to banks
    Website
  4. Amarnath Securities

    Provider of financial services and products to its clients

    Service providers to banks
    Website
  5. Trikshana

    Provider of financial software solutions and hassle-free credit services in India.

    Service providers to banks
    Website
21 companies in Maharashtra

Service providers to banks hiring in Maharashtra

Companies serving banks in Maharashtra with open positions right now.

  1. BNP Paribas India Solutions

    Providing technology services to various business lines, including corporate and institutional banking, wealth management, and retail banking

    Service providers to banks
    See in list
  2. CMS Info Systems

    Provider of cash management, banking automation, remote monitoring, and card personalization services

    Service providers to banks
    See in list
  3. 5paisa

    Broker-based online trading and investment platform

    Investment tech
    See in list
  4. Omkara ARC

    Provider of architectural design, planning, and project management services

    Service providers to banks
    See in list
  5. CFM Asset Reconstruction

    Provider of financial services

    Service providers to banks
    See in list
15 companies in Maharashtra

Listed service providers to banks in Maharashtra

Publicly listed companies serving banks in Maharashtra.

  1. CMS Info Systems

    Provider of cash management, banking automation, remote monitoring, and card personalization services

    Service providers to banks
    See in list
  2. 5paisa

    Broker-based online trading and investment platform

    Investment tech
    See in list
  3. Emkay

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

    Investment banks
    See in list
  4. Sagar Systech

    Provider of leasing services

    Service providers to banks
    Website
  5. Amarnath Securities

    Provider of financial services and products to its clients

    Service providers to banks
    Website
6 companies in Maharashtra
Mobile reach

Top 6 service providers to banks apps from Maharashtra

The most-installed Android apps published by service providers to banks companies headquartered in Maharashtra — 20.0M installs between them. 6 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 6
1

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
3

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
5

Incento - Earn big, per task!

by Trikshana

Installs2K
Rating—
Last updatedMay 2026
View on Google Play ↗
Incento - Earn big, per task! screenshot 1Incento - Earn big, per task! screenshot 2Incento - Earn big, per task! screenshot 3Incento - Earn big, per task! screenshot 4Incento - Earn big, per task! screenshot 5Incento - Earn big, per task! screenshot 6
The business behind the activity

Service providers to banks financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 47 service providers to banks companies in Maharashtra for FY24-25 — 62 of the 138 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 82% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹6,835.87 cr

47 companies filing accounts

combined net profit₹1,192.50 cr

17.4% aggregate margin

are profitable70%

33 of 47 companies

median revenue~₹10.9 cr

the typical company

median revenue growth+20%

into FY24-25

earned by the top five82%

revenue concentration

Six-year view

Combined revenue of filing companies

₹4,820.54 crFY19-2047 filers
₹5,083.50 crFY20-2147 filers
₹6,512.32 crFY21-2250 filers
₹7,360.74 crFY22-2352 filers
₹6,909.10 crFY23-2453 filers
₹6,835.87 crFY24-2547 filers

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

Like-for-like

The same 39 companies over three years

+52%
FY22-23₹4,466.68 cr₹665.36 cr net
FY23-24₹5,509.60 cr₹857.97 cr net
FY24-25₹6,772.05 cr₹1,189.13 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 cr825% profitable
₹1–10 cr1567% profitable
₹10–100 cr1587% profitable
₹100–1,000 cr888% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking12
0–20%11
20–50%7
50–100%3
Doubled+11

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

Profitability

Profit is concentrated at the top

33profitable
14loss-making
17.4%aggregate margin
5.3%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
PSB AlliancePSB ALLIANCE PRIVATE LIMITED+361%₹62.25 cr
MetafinMETAFIN CLEANTECH FINANCE PRIVATE LIMITED
HFSNTT GLOBAL DATA CENTERS NAV2 PRIVATE LIMITED+245%₹395.73 cr
Suraksha ARCSURAKSHA ASSET RECONSTRUCTION LIMITED+127%₹258.05 cr
National Asset ReconstructionNATIONAL ASSET RECONSTRUCTION COMPANY LIMITED+125%₹695.84 cr
FinmenFINMEN ADVISORS AND CONSULTANTS PRIVATE LIMITED+47%₹27.65 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
National Asset ReconstructionNATIONAL ASSET RECONSTRUCTION COMPANY LIMITED61.0%₹695.84 cr
Phoenix ARCPHOENIX ARC LIMITED53.4%₹369.03 cr
PegasusPEGASUS ASSETS RECONSTRUCTION PRIVATE LIMITED36.3%₹80.81 cr
Axis Trustee ServicesAXIS TRUSTEE SERVICES LIMITED35.4%₹60.95 cr
RARCRELIANCE ASSET RECONSTRUCTION COMPANY LIMITED28.5%₹74.51 cr
PSB AlliancePSB ALLIANCE PRIVATE LIMITED22.0%₹62.25 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Service providers to banks40₹6,063.49 cr~₹10.5 cr72%20.0%
Leaders

Largest service providers to banks companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
BNP Paribas India SolutionsBNP PARIBAS INDIA SOLUTIONS PRIVATE LIMITED₹3,802.19 cr₹433.84 cr11.4%+13%
National Asset ReconstructionNATIONAL ASSET RECONSTRUCTION COMPANY LIMITED₹695.84 cr₹424.27 cr61.0%+125%
HFSNTT GLOBAL DATA CENTERS NAV2 PRIVATE LIMITED₹395.73 cr−₹73.56 cr-18.6%+245%
Phoenix ARCPHOENIX ARC LIMITED₹369.03 cr₹196.93 cr53.4%-14%
EmkayEMKAY GLOBAL FINANCIAL SERVICES LIMITED₹339.66 cr₹58.91 cr17.3%+20%
Suraksha ARCSURAKSHA ASSET RECONSTRUCTION LIMITED₹258.05 cr₹21.39 cr8.3%+127%
CFM Asset ReconstructionCFM ASSET RECONSTRUCTION PRIVATE LIMITED₹166.22 cr₹29.68 cr17.9%-24%
IDBI IntechIDBI INTECH LIMITED₹150.68 cr₹6.18 cr4.1%-4%
XL DynamicsXL DYNAMICS INDIA PRIVATE LIMITED₹9.46 cr8.6%+0%
PegasusPEGASUS ASSETS RECONSTRUCTION PRIVATE LIMITED₹80.81 cr₹29.34 cr36.3%+20%
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

Service providers to banks funding and M&A across India

86 recorded equity rounds have gone to 632 service providers to banks 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 months2

US$28.00m

equity rounds, last 24 months6

US$133.32m

raised over five yearsUS$283.78m

44 rounds in India

M&A deals, India24

last 24 months

Capital by year

Equity funding into service providers to banks in India

amount rounds
$020181
$51m20195
$30m20205
$33m20217
$70m202218
$14m20235
$33m20249
$105m20253
$28m20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$105.31m across 3 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$1.78m6 rounds · median US$91k
SeedUS$43.92m19 rounds · median US$625k
Series AUS$50.62m5 rounds · median US$10.00m
Series BUS$32.09m6 rounds · median US$5.79m
Series CUS$37.60m3 rounds · median US$13.00m
Series D+US$15.77m3 rounds · median US$3.31m
Private equityUS$102.00m2 rounds · median US$51.00m
Where the money went · five years

Most-funded sub-sectors

Service providers to banksUS$153.11m36 rounds · 16 companies
Consumer and sme loansUS$92.00m1 rounds · 1 companies
MicrofinanceUS$28.10m3 rounds · 1 companies
Healthcare itUS$10.57m4 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

23Acquisition
1Merger

Most active acquirers

  1. Cms info systems4
  2. National asset reconstruction3
  3. Crisil3
  4. Na1
  5. Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited1

Most acquired or merged

  1. Infina finance4
  2. Emkay Global Financial Services3
  3. Cms info systems2
  4. Securens systems2
  5. Financial Software and Systems1

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

Service providers to banks funding in Maharashtra

8 service providers to banks companies in Maharashtra have recorded equity funding, US$190.46m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind service providers to banks companies in Maharashtra. 63 of 138 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra service providers to banks companies by sub-sector

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

Keep exploring service providers to banks in India and nearby markets.

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