Financial Services Industry Landscape of Mumbai
1,960 Financial Services companies in Mumbai, in one picture: who is hiring, who is raising money, who founded them, what the news is about and which skills employers want. Updated September 2026.
Who leads Financial Services in Mumbai
Shows the 1,960 Mumbai financial services firms, highlighting the 272 currently hiring and the 123 that disclosed funding, with top hiring firms Ayvens, Moneyfrog, Barclays and best‑funded firms Yes Bank, Deewan Housing Finance Corporation, IDFC First Bank.
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Ayvens10last posted Jun 2026
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Moneyfrog7last posted Jun 2026
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Barclays7last posted Aug 2026
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HDB Financial Services7last posted Aug 2026
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Weaver6last posted Jul 2026
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ICICI Prudential Life Insurance6last posted Aug 2026
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KPMG APAC6last posted Aug 2026
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Tata Capital6last posted Aug 2026
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Yes Bank$6.9BPost IPO · Dec 2022
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Deewan Housing Finance Corporation$4.1BPost IPO · Jan 2019
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IDFC First Bank$1.6BPost IPO · Apr 2025
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Aegon Life$1.3B— · —
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Vastu Housing Finance$924.8MConventional Debt · Dec 2024
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Aditya Birla Capital$838.6MPost IPO · Aug 2025
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Avanse Financial Services$693MConventional Debt · Aug 2025
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Fullerton India$571.3MConventional Debt · Sep 2022
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SBI$71.8Bsnapshot Mar 2024
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HDFC$19.4BFY2022 filing
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HDFC Credila$19.4BFY2022 filing
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Shriram Finance$5.6BFY2021 filing
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Central Bank of India$4.3Bsnapshot Mar 2024
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ICICI Lombard$2.4BFY2022 filing
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ICICI Bank133,131tracked employees
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Life Insurance Corporation of India98,667tracked employees
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Kotak Mahindra Bank76,989tracked employees
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Bank of India51,825tracked employees
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HDFC Life32,486tracked employees
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HDFC Bank7.4%983 tracked events
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State Bank of India3.3%444 tracked events
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NSE5,139articles in the window
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Axis Bank3,909articles in the window
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MCX3,121articles in the window
See all 1,960 Financial Services companies in Mumbai
Filter by funding, headcount, hiring and location, and export the list.
How the Financial Services ecosystem in Mumbai grew, 2016–2025
Lists the number of companies founded each year from 2016 to 2025, noting the highest count of 95 in 2017 and the most recent count of 17 in 2025.
The Financial Services market map of Mumbai: what these companies actually do
Breaks down product sub‑categories, showing nbfc lenders as the largest group (250 firms), and outlines common revenue models such as fee‑for‑service (1,399 firms) and commission on transaction (1,048 firms).
The biggest kinds of Financial Services company, by how many we track.
- Nbfc Lenders250 companies · $11.9B raised · 60 hiring
- Consumer Digital46 companies · $1.7B raised · 16 hiring
- Fintech42 companies · $1.3B raised · 11 hiring
- Housing Finance36 companies · $2.2B raised · 14 hiring
- Enterprise Tech35 companies · $1.4B raised · 10 hiring
- Investment Tech17 companies · $222k raised · 3 hiring
- Internet First Lenders15 companies · $1.3B raised · 6 hiring
- Global 20008 companies · $5M raised · 4 hiring
- Internet First Wealth Management Platforms7 companies · $222k raised
- Online Financial Planners and Advisors6 companies · $222k raised
- Enterprise Software6 companies · $686k raised · 2 hiring
- Marketplaces6 companies · $104.5M raised · 2 hiring
Monetization
How Financial Services companies make money
How many companies earn revenue each way. Plenty use more than one model, so the counts add up to more than the sector.
Funding, M&A and the deals moving Financial Services in Mumbai
Counts 6,819 corporate events over the past two years, with earnings announcements (3,584) being the most frequent type, followed by key‑people updates (605) and mergers & acquisitions (503).
- M&ABarclays’ £600m takeover of Tesco’s banking arm last year.2026-05-01
- FundingBrookfield India Real Estate Trust has raised ₹2,600 crore from a qualified institution placement (QIP) of 80,495,356 units.2026-04-29
- FundingAditya Birla Capital has raised Rs 200 crore through allotment of Non-Convertible Debentures (NCDs) on private placement basis.2026-04-28
- FundingAxis Finance has secured ₹750 crore in primary capital from private equity firm Kedaara Capital for a 5.08% stake, the non-banking financial company's parent Axis Bank said in a regulatory notice on Saturday.2026-04-25
- M&AWhen a 15% stake sale to 360 One implied valuation of 3,000 crore, or about 1.1 times the embedded value (EV).2026-04-24
- FundingHDB Financial Services has raised Rs 300 crore through the allotment of 30,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each on private placement basis.2026-04-23
- M&AEdelweiss mutual fund acquired 10.8 lakh shares aggregating approximately up to Rs 50 crore2026-04-15
- M&ANippon India Mutual Fund bought 5.8 lakh shares totaling up to Rs 26.7 crore2026-04-15
- FundingPoonawalla Fincorp Limited has raised approximately ₹2,500 crore from a qualified institutions placement (QIP) of equity shares.2026-04-15
- IPOThe proposed maiden issue of the stock exchange could reportedly raise over Rs 20,000 crore from India’s primary markets...2026-04-13
Mergers and acquisitions
Deals from the last 24 months where a Financial Services company in Mumbai was the buyer or the one bought, newest first. “Undisclosed” means the price was never published — not that the deal was worth nothing.
| Acquirer | Target | Deal value | Status | Date |
|---|---|---|---|---|
| undisclosed | Announced | 2026-07-01 | ||
| HDFC Limited | $40B | Announced | 2026-07-01 | |
| undisclosed | Completed | 2026-06-30 | ||
| undisclosed | Completed | 2026-06-30 | ||
| ING Vysya | undisclosed | Announced | 2026-06-26 | |
| Five associate banks and Bharatiya Mahila Bank | $250M | Announced | 2026-05-20 |
Who is listing, hiring leaders, launching and winning work
Provides details on specific events like IPO filings, leadership changes, product launches, and contract wins for companies in the sector.
Shreni SharesIPO · BSE and NSE · 3 reportsApr 2026
SBI Mutual FundOFS · NSE · 7 reportsApr 2026
360 OneFollow-on Offering · 1 reportApr 2026
Svatantra MicrofinanceIPO · 3 reportsApr 2026
Poonawalla FincorpMr. Ganesh Vasudeo Iyer · Appointment → Business Head for Commercial VehicleMay 2026
KIFS Housing FinanceSelvin Uthaman · Appointment → Chief Executive OfficerMay 2026
Reserve Bank of IndiaRohit Jain · Appointment → Deputy GovernorMay 2026
RBL BankNarayan Ramachandran · Departure — was Chairman of RBL BankMay 2026
HDFC Mutual FundRoshi Jain · DepartureMay 2026
L&T FinancePLANET app (Digital channel)Apr 2026
Axis Trustee ServicesPRISM (Digital trustee platform)Apr 2026
Welspun Enterpriseswon Indo Global Soft Solutions and Technologies Pvt LtdMay 2026
National Asset Reconstructionwon Mcleod Russel IndiaApr 2026
Edelweiss~15% of workforce reportedApr 2025
Tata Motors Financecanceled licence — Reserve Bank of India (RBI)May 2026
- icici bank v Rajesh Business & Leisure HotelsCorporate insolvency resolution · SettledMay 2026
- state bank of india, punjab national bank, bank of baroda, l v reliance communications, Anil Ambanimoney laundering and bank fraud allegations under PMLA · OngoingApr 2026
Half of these companies grew revenue faster than +15.3%, half slower.
Who is building Financial Services in Mumbai
Profiles 1,213 founders and CEOs across 926 firms, noting that the most common alma maters are IIM Ahmedabad (21) and IIM Calcutta (20), and the most frequent prior employers are Morgan Stanley (10) and Goldman Sachs (7).
Ex-CEO Emerging India Investment Advisors, South Asian Real Estate group, Barclays Bank, Standard Chartered. Maharshi Dayanand University LLB 1995…
Birla Institute of Technology and Science, Pilani BE 1991
Ex-SBI. Christ Church College, Kanpur MA 1987
Ex-Fedbank Financial Service, Fedfina, Citi · Andhra University BCS 1992, IIM Ahmedabad 1994
Icici Lombard, ex-Icici Lombard General Insurance, ex-Icici Bank, The Institute of Chartered Accountants of India
IIT Kanpur BTech 1990
Micro Housing Finance, Aditya Birla Group, ex-Kline, TATA STRATEGIC MANAGEMENT GROUP. University of Mumbai 1995, IIT Bombay MBA 2001…
Co-Founder & Managing Director-Capri Global Capital
Managing Director-Neo Asset Management · Ex-Edelweiss Financial Services · University of Mumbai MMS 2006
- flagged as repeat founders9
- no repeat-founder flag958
- women111
- men902
Look up the people behind Financial Services companies in Mumbai
Search founders, executives and operators by company, role and location.
Who funds Financial Services in Mumbai
Summarizes 329 funding rounds since 2016 from 862 investors, with a typical round size of about $10 million.
| Investor · most active investors since 2016 | Rounds | Led | Latest |
|---|---|---|---|
| IFC | 14 | 2 | Jan 2025 |
| Atha Group | 8 | 6 | Nov 2025 |
| Peak XV Partners | 8 | 5 | Feb 2025 |
| Gaja Capital | 8 | 1 | Mar 2026 |
| Multiples Alternate Asset Management | 7 | 2 | Nov 2023 |
| Europa | 7 | — | Nov 2023 |
| ICICI Bank | 6 | 3 | Jul 2023 |
| Morde | 6 | 3 | Nov 2025 |
| Accion | 6 | 2 | Dec 2021 |
| HDFC Bank | 6 | 2 | Mar 2022 |
The typical round is $10M — half were bigger, half smaller.
The biggest Financial Services funding rounds in Mumbai
Highlights the largest disclosed round—a $294.6 million Series D by ICICI Prudential Life Insurance—and lists ten other large recent rounds.
| Company | Round | Size | When | Backers |
|---|---|---|---|---|
| Series Dmega-round | $294.6M | Nov 2015 | Temasek, Premji Invest | |
| Series Dmega-round | $264M | Dec 2016 | KKR, Temasek | |
| Series C | $200M | Apr 2019 | Creation Investments, 360 One, Multiples Alternate Asset Management +4 more | |
| Series D | $172.6M | Jun 2008 | SBI, IDBI Bank, IDFC +37 more | |
| Series A | $133.6M | Sep 2017 | Lyra Partners, VIXAR | |
| Series C | $120.3M | Mar 2024 | Mubadala, Avendus | |
| Series C | $104M | Nov 2017 | Edelweiss, Tokio Marine Holdings | |
| Series C | $100M | Dec 2024 | Prosus | |
| Series C | $96.8M | Jan 2023 | Kedaara | |
| Series C | $95.4M | Oct 2020 | Warburg Pincus, Bessemer Venture Partners |
52 venture rounds with a disclosed amount in the window.
PE$53.7MMar 2026
Conventional Debt$10MMar 2026
How this industry appears in the news
Counts 143,584 news articles in the last year, with coverage focusing on geopolitical disputes, international entities, and sports competitions.
- 6,386
- 6,204
- 5,139
- 4,427
- 4,047
- 3,909
- 3,640
- 3,121
- 3,090
- 1,670
133 Financial Services companies here were named in the news over this period.
Watch Financial Services coverage in India as it happens
Prism follows these subjects story by story — which companies are named, what is said about them and how the tone moves.
Financial Services jobs in Mumbai: who is hiring and what they ask for
Lists 14,674 job postings from 232 employers in the past year, noting top skills such as sales and KYC, and a median advertised salary of $5 k per year.
Demand
The Skills Employers Ask For
What Financial Services employers in Mumbai put in their job ads. The bar is how many postings ask for it; the arrow shows whether demand grew or shrank against the year before.
- refer to the job description4,256▲
- sales3,799▲
- kyc3,382▲
- lead generation3,362▲
- crm system3,304▲
- compliance874▲
- customer service730▲
- communication702▲
- risk management510▲
- relationship management494▲
- Manager$5k/yr (n=191)
- Senior$5k/yr (n=44)
- 2,912
- 1,624
- 485
- 474
- 415
- 251
Track Financial Services in Mumbai beyond this page
Radar finds and filters the companies. Prism watches what is being said about them.
Direct contact details for the people on this page are held in Fliar Radar, behind its own access controls.
Where demand signals run ahead of mapped supply — Mumbai
Every demand signal in Mumbai’s newsflow, measured as a share of the city’s own coverage (2025-05-01 to 2026-05-01, against the year before), then scored beside family-matched supply — the companies in each signal’s mapped financial services categories — as within-page percentiles. The gap is signal percentile minus supply percentile — a prioritisation clue in percentile points, not a market size.
The opportunity, in one view
Where the signals are loudest
Each city’s reading is a share of its own coverage, so a loud smaller city can outrank a large one; rows follow each story’s primary city tag. Rows cover all of India for this page's signal families; Mumbai is marked.
showing the ten highest-signal cities of 12 readings.
Inside the three leading signals
Market volatility
the operating hypothesis
Volatility can drive trading, hedging and advice-seeking in the same week it spikes.
Layoffs & income shocks
the operating hypothesis
Layoff cycles can pull discretionary spend back toward value offerings.
Interest rates & policy
the operating hypothesis
Rate moves can reprice every loan book — lending and deposit products feel it first.
For who is hiring, raising and leading here, see this page’s leader boards and market map above.
Related research & where the coverage is heading
The research below carries both a financial services term and this page’s geography in its title — context for the boards above, not proof of any single number. The keywords are the fastest-growing terms in Mumbai coverage of this page's demand families, measured as a share of that coverage year-over-year so volume drift cancels.
Related research · financial services in Mumbai
What’s growing in this coverage
Prism
Take these signals further
Everything on this board comes from the same data Prism serves live — the coverage, the companies named in it, and how the tone moves.
Explore Prism
The research and news intelligence layer behind this page — follow any of these signals story by story, in reports that refresh as the coverage moves.
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Your categories, your competitors and the demand signals that move your market — in one live view that updates as the coverage does, built for your team on the same data behind this page.
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