Company lists · Data refreshed September 2026

Top 25 Boutique investment banks based in India

RevenueBase identified 1,824 company matches for boutique investment banks associated with India as of September 2026 and tracks 33,815 professional contacts across them, including 6,495 with verified work emails. Mumbai is the largest hub.

This list covers company matches for boutique investment banks associated with India, found by RevenueBase SmartSearch using the meaning of business descriptions in its company graph at Exact. Ranked by professionals tracked, largest first. Rows show recorded descriptions where available, Exact search membership and the snapshot date. Data refreshed September 16, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase SmartSearch, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list RevenueBase SmartSearch · Exact Recorded Sep 16, 2026 How this list was built
1,824Companies
33,815Contacts tracked
6,495Verified emails
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The 25 largest boutique investment banks based in India

Ranked by team size
Top 25 of 1,824 company matches for boutique investment banks based in India, ordered by professional contacts tracked in RevenueBase, largest first. Recorded Sep 16, 2026. The RevenueBase SmartSearch column shows Exact match membership in this saved search. Click a contact count to view that company's people. Totals use company locations recorded by RevenueBase; the displayed preview is a smaller selection.
#CompanyRevenueBase SmartSearchHeadquartersEmployeesContacts
1Exact matchMumbai, IndiaHQ recorded Sep 16, 20261,001-5,0002,424 contacts →

Exact match

Recorded description not available.

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
2Exact matchMumbai, IndiaHQ recorded Sep 16, 20261,001-5,0001,878 contacts →

Exact match

“IIFL Capital is a full-service financial institution, integrating Wealth Management, Investment Banking, and Institutional Equities on a research-driven platform.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
3Exact matchMumbai, IndiaHQ recorded Sep 16, 20261,001-5,0001,344 contacts →

Exact match

“Ambit is a leading provider of financial advice and capital offering customized solutions in the areas of Investment Banking (Corporate Finance and Equity Capital Markets)…”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
4Exact matchMumbai, IndiaHQ recorded Sep 16, 2026201-500931 contacts →

Exact match

“SBI Capital Markets Limited (SBICAPS) is registered with SEBI as a Category I Merchant Banker (Registration No.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
5Exact matchMumbai, IndiaHQ recorded Sep 16, 2026501-1,000916 contacts →

Exact match

“Combining our vast knowledge, experience and intuitive understanding of the markets to help our customers make WiZe investment choices!”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
6Exact matchMumbai, IndiaHQ recorded Sep 16, 2026501-1,000812 contacts →

Exact match

“PL Capital: Powering India's Financial Growth Since 1944 PL Capital Group - Prabhudas Lilladher is one of India's most trusted financial services providers and has been recognised…”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
7Exact matchMumbai, IndiaHQ recorded Sep 16, 2026501-1,000784 contacts →

Exact match

“SEBI Reg No:NSE (CM, F&O) & BSE No:0893 | DP ID: IN300-079/450 | NSE Member No- 07066 | BSE Clg.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
8Exact matchSurat, IndiaHQ recorded Sep 16, 2026501-1,000675 contacts →

Exact match

“NJ IndiaInvest Private Limited is an investment banking company based out of 901, NJ CentreUdna Udyog Nagar, Sangh Sahkari ComplexCentral Road No.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
9Exact matchMumbai, IndiaHQ recorded Sep 16, 2026501-1,000606 contacts →

Exact match

“Founded in Avendus partners with high-performing entrepreneurs, institutions, and wealth creators to discover potential and shape success at every stage of their journey.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
10Exact matchMumbai, IndiaHQ recorded Sep 16, 2026201-500557 contacts →

Exact match

“TRUST Group is India’s leading institutionalized multi-line and multi-asset financial services platform ranging across investment banking solutions, capital market services…”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
11Exact matchMumbai, IndiaHQ recorded Sep 16, 2026501-1,000528 contacts →

Exact match

“Monarch Networth Capital (MNCL) is a diversified financial services firm built on a single promise: Value Creation.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
12Exact matchNew Delhi, IndiaHQ recorded Sep 16, 2026501-1,000473 contacts →

Exact match

“Almondz brings together industry expertise, human capabilities and domain experience to capture and accomplish the biggest opportunities in business alongside monitoring the risk…”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
13Exact matchMumbai, IndiaHQ recorded Sep 16, 20261,001-5,000448 contacts →

Exact match

“Nuvama Group (formerly Edelweiss Wealth Management) is backed by the trust and reputation earned through over 25+ years in the Indian market and strengthened by a global…”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
14Exact matchNew Delhi, IndiaHQ recorded Sep 16, 2026201-500408 contacts →

Exact match

“Founded in 1995, SPA Group has positioned itself as one of India’s leading financial advisory firms.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
15Exact matchMumbai, IndiaHQ recorded Sep 16, 2026201-500339 contacts →

Exact match

“ENAM is one of India's leading investment banks.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
16Exact matchGurgaon, IndiaHQ recorded Sep 16, 2026201-500311 contacts →

Exact match

“Resurgent is a top-tier financial advisory firm for SMEs and large corporates in India.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
17Exact matchMumbai, IndiaHQ recorded Sep 16, 202651-200288 contacts →

Exact match

“Incorporated in 1991, Kotak Investment Banking is a leading full-service investment bank in India offering integrated solutions encompassing high-quality financial advisory…”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
18Exact matchAhmedabad, IndiaHQ recorded Sep 16, 2026201-500268 contacts →

Exact match

“For over 29 years, SSJ Finance & Securities has been the trusted financial partner for investors across India, from first-time equity investors to seasoned HNIs building…”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
19Exact matchMumbai, IndiaHQ recorded Sep 16, 2026201-500246 contacts →

Exact match

“RBSA Advisors, formed in 1971, is a Leading independent Transaction Advisory firm that provides Valuation, Investment Banking, Restructuring, Due Diligence, Transaction Tax, Risk…”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
20Exact matchMumbai, IndiaHQ recorded Sep 16, 2026501-1,000245 contacts →

Exact match

“Founded in 2007, Equirus Group is a leading full-service financial services firm offering expertise across Investment Banking, Institutional Equities, Asset Management, Capital…”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
21Exact matchBangalore, IndiaHQ recorded Sep 16, 202651-200244 contacts →

Exact match

“Redseer is a leading strategy consulting firm that guides critical decisions in disruptive markets for investors, brands and new-age companies.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
22Exact matchNoida, IndiaHQ recorded Sep 16, 202651-200211 contacts →

Exact match

“Acquisory was founded in 2010 by highly credentialed professionals with specialized experience across M&A Advisory, Tax Consulting,Operations & Risk Consulting, Asset Management…”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
23Exact matchMumbai, IndiaHQ recorded Sep 16, 2026201-500204 contacts →

Exact match

“With a legacy spanning over 140 years, B&K (Batlivala & Karani) stands as one of the oldest financial services groups in India.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
24Exact matchMumbai, IndiaHQ recorded Sep 16, 202651-200154 contacts →

Exact match

“Analah is a premier global firm specializing in Private Equity, Startups, Real Estate, Mutual Funds, and Insurance.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase
25Exact matchKolkata, IndiaHQ recorded Sep 16, 2026201-500149 contacts →

Exact match

“We are a leading financial services firm delivering integrated financial solutions for a dynamic marketplace.”

Recorded in the RevenueBase company graph · Sep 16, 2026 · View company records in RevenueBase

Showing 25 of 1,824 boutique investment banks based in India

See the full list, filter by size, metro and specialty, and access 6,495 tracked professional contacts with verified work emails. Direct dials are available where recorded.

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Boutique investment banks based in India at a glance

As of Sep 16, 2026
19.2%Verified-email coverage
18.5Average contacts per company
11-50Median size (employees)
24.7%Largest-city concentration · Mumbai
Sep 16, 2026Page data refreshed

Companies by employee count

1-10
900
11-50
689
51-200
145
201-500
61
501-1,000
12
1,001-5,000
9
5,001-10,000
4

Email recency for this list is measured worldwide rather than for India, so it is reported there. Company counts and contact totals on this page are exact for India, over 1,824 companies.

How this list was built

The recorded descriptions help you assess these company matches. Check a company’s website for its current services and locations.

Source
The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase SmartSearch, the natural-language company search available to every RevenueBase user.
What qualifies
Company records associated with India whose business descriptions match “boutique investment banks” by meaning at the Exact setting. Descriptions are compiled in the RevenueBase company graph from public websites, profiles and company information where available; they are not guaranteed quotations from the company's website.
RevenueBase SmartSearch
Describe a niche company in your own words to find businesses by meaning. Exact, Similar, Related and Broad control the breadth of RevenueBase SmartSearch. This saved list uses Exact. Each row's Exact match badge shows inclusion in that search, not an individual score or a service-quality judgment.
Public preview
The public preview omits records without a verified work email. Where headquarters information is recorded, preview rows are also filtered to this page’s location. Dataset totals and geographic summaries describe the full matched records before these preview filters.
Match quality
RevenueBase's August 25, 2026 study assessed 4,198 description/company pairs across matching settings. The publisher reports 86% good or better at Exact. This evaluates the method across queries; it does not audit this individual list. Recorded company descriptions, where available, help you judge each match yourself. Read the full methodology: how the lists are built and what the study measures.
Ranking
Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification
Every displayed company carries at least one verified work email. RevenueBase tracks 6,495 professional contacts with verified work emails across the full matched dataset. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh
This page's figures were pulled from the company graph on September 16, 2026. Lists refresh periodically as the graph is re-checked.
Record context
Company records and descriptions can change. Check the company's website for its current services and locations.

Frequently asked

What is RevenueBase SmartSearch?

RevenueBase SmartSearch finds niche companies by the meaning of their business descriptions in the RevenueBase company graph. Exact, Similar, Related and Broad control how closely companies must fit your description. This list uses Exact for “boutique investment banks”; each Exact match badge shows search membership, not an individual similarity or quality score.

How many boutique investment banks are there based in India?

RevenueBase identified 1,824 company matches for boutique investment banks associated with India as of September 2026, using the meaning of business descriptions at Exact. This is the recorded matched set in the RevenueBase company graph.

What is the largest company on this list?

JM Financial LTD tops the displayed preview by professional contacts tracked in RevenueBase. Recorded headquarters appear in the company rows.

Which city has the most boutique investment banks?

Mumbai leads with 450 company records, followed by New Delhi (176) and Bangalore (136).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work limited free results with 500 credits to start. Upgrading provides access to the 6,495 professional contacts with verified work emails tracked across these 1,824 companies; direct dials are available where recorded.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 16, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase SmartSearch, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.