Company lists · Data refreshed September 2026

Top 25 Boutique investment banks based in New Delhi, India

RevenueBase identified 176 boutique investment banks headquartered in New Delhi, India as of September 2026 and tracks 2,121 professional contacts across them, including 250 with verified work emails. Mumbai is the largest hub.

This list covers boutique investment banks headquartered in New Delhi, India, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 16, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, 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 HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 16, 2026 86% judged on-target in blind review
176Companies
2,121Contacts tracked
250Verified emails
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The 25 largest boutique investment banks based in New Delhi, India

Ranked by team size
Top 25 of 176 boutique investment banks based in New Delhi, India, ranked by team size, largest first. Data refreshed Sep 16, 2026. RevenueBase Smart Search rates how each company's information relates to boutique investment banks: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#CompanyRevenueBase Smart SearchHeadquartersEmployeesContacts
1Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 2026501-1,000473 contacts →

Indirect evidence

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

Source: RevenueBase Database · checked Sep 16, 2026
2Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 2026201-500408 contacts →

Indirect evidence

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

Source: RevenueBase Database · checked Sep 16, 2026
3Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202651-20082 contacts →

Indirect evidence

“A global Financial Service Company head quartered in New Delhi, India.”

Source: RevenueBase Database · checked Sep 16, 2026
4Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202651-20079 contacts →

Indirect evidence

“Established in 1964, B R Maheswari & Co LLP is a leading Delhi based professional services organisation offering Financial Advisory, Corporate Finance, Tax Advisory, Audit and…”

Source: RevenueBase Database · checked Sep 16, 2026
5Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202651-20060 contacts →

Indirect evidence

“Goldrush Capital Services Pvt.”

Source: RevenueBase Database · checked Sep 16, 2026
6Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202651-20058 contacts →

Indirect evidence

“Established in 1987, SKI Capital Services is a premier financial services provider, focused on providing relationship-based advisory and a diverse range of financial products and…”

Source: RevenueBase Database · checked Sep 16, 2026
7Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-5038 contacts →

Indirect evidence

“CorpAcumen is a full service financial and business consulting firm founded by proficient and seasoned professionals having years of experience in serving diversified industries.”

Source: RevenueBase Database · checked Sep 16, 2026
8Partial evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-5025 contacts →

Partial evidence

“Founded in 2006 by a group of experienced professionals, TFS is a leading investment banking and business advisory firm delivering financial and strategic solutions to business…”

Source: RevenueBase Database · checked Sep 16, 2026
9Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-5025 contacts →

Indirect evidence

“Financial services group with an emphasis on quality and lengevity of relationships.”

Source: RevenueBase Database · checked Sep 16, 2026
10Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-5022 contacts →

Indirect evidence

“Our purpose is not only to provide sound technical advice, delivered in the context of our client’s businesses or commercial situations but also advice that is practical…”

Source: RevenueBase Database · checked Sep 16, 2026
11Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-5019 contacts →

Indirect evidence

“At X-B4, we're more than just bankers – we're partners in your journey to success.”

Source: RevenueBase Database · checked Sep 16, 2026
12Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-5012 contacts →

Indirect evidence

“Transjovan Capital is a global specialist in Corporate Development, providing independent Strategic and M&A support to large acquisitive enterprises and emerging high‑growth…”

Source: RevenueBase Database · checked Sep 16, 2026
13Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-5011 contacts →

Indirect evidence

“We partner with mid-sized, promoter-driven and family-owned businesses when complex decisions around funding, deal structuring, corporate governance, taxation, valuation, and…”

Source: RevenueBase Database · checked Sep 16, 2026
14Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 20261-1011 contacts →

Indirect evidence

“Integrated Capital Services Limited (ICSL) is a limited liability company with its securities listed at the Bombay Stock Exchange, rendering corporate advisory and consulting…”

Source: RevenueBase Database · checked Sep 16, 2026
15Strong evidenceNew Delhi, IndiaHQ checked Sep 16, 20261-1010 contacts →

Strong evidence

“Maple Capital Advisors Private Limited is a boutique investment bank based in New Delhi, focused on mergers & acquisitions, private equity and growth capital advisory, and…”

Source: RevenueBase Database · checked Sep 16, 2026
16Partial evidenceNew Delhi, IndiaHQ checked Sep 16, 20261-1010 contacts →

Partial evidence

“Xpress Funding Advisors is a boutique Advisory firm focusing on providing fundraising and strategic advisory services to corporates across India.”

Source: RevenueBase Database · checked Sep 16, 2026
17Partial evidenceNew Delhi, IndiaHQ checked Sep 16, 20261-1010 contacts →

Partial evidence

“Candor Capital is a boutique financial advisory firm, with a niche in management of complex portfolios, and risk advisory for individuals and corporations.”

Source: RevenueBase Database · checked Sep 16, 2026
18Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-5010 contacts →

Indirect evidence

“ONEtoONE ILO Consulting is a leading global business advisory firm specialist adroit at creating value for clients’ businesses.”

Source: RevenueBase Database · checked Sep 16, 2026
19Strong evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-5010 contacts →

Strong evidence

“Hansuttam Finance Ltd.(HFL) is a leading boutique investment bank based in New Delhi, India that is focused in infrastructure and real estate sectors.”

Source: RevenueBase Database · checked Sep 16, 2026
20Partial evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-509 contacts →

Partial evidence

Investment Banking Advisory firm based in Delhi, India; 20+ years old.”

Source: RevenueBase Database · checked Sep 16, 2026
21Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-509 contacts →

Indirect evidence

“We are a team of professionals supporting Owners, CFOs in raising timely capital with least efforts.”

Source: RevenueBase Database · checked Sep 16, 2026
22Partial evidenceNew Delhi, IndiaHQ checked Sep 16, 20261-109 contacts →

Partial evidence

“FinVal Research & Consultancy is a boutique consulting firm focused on providing valuation services.”

Source: RevenueBase Database · checked Sep 16, 2026
23Partial evidenceNew Delhi, IndiaHQ checked Sep 16, 20261-108 contacts →

Partial evidence

“Arkvega Partners is an independent investment bank focused on India’s mid-market ecosystem.”

Source: RevenueBase Database · checked Sep 16, 2026
24Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 202611-508 contacts →

Indirect evidence

“We aspire to be the leading trusted advisor to our clients, which include corporations, financial institutions, startups, governments and public authorities.”

Source: RevenueBase Database · checked Sep 16, 2026
25Indirect evidenceNew Delhi, IndiaHQ checked Sep 16, 20261-108 contacts →

Indirect evidence

“Phoenix Advisers is a New Delhi & Singapore based, Transaction Advisory and Multi-Family Office firm.”

Source: RevenueBase Database · checked Sep 16, 2026

Showing 25 of 176 boutique investment banks based in New Delhi, India

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Boutique investment banks based in New Delhi, India at a glance

As of Sep 16, 2026
11.8%Verified-email coverage
12.1Average contacts per company
11-50Median size (employees)
255.7%Largest-city concentration · Mumbai
Sep 16, 2026Page data refreshed

Companies by employee count

1-10
84
11-50
71
51-200
14
201-500
4
501-1,000
1
1,001-5,000
1

Email recency for this list is measured across the whole India list rather than for New Delhi, so it is reported there. Company counts and contact totals on this page are exact for New Delhi, over 176 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among boutique investment banks, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source
The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies
Companies headquartered in New Delhi, India whose own description of what they do matches “boutique investment banks”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search
RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names boutique investment banks), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude
Companies whose own description does not clearly place them among boutique investment banks, and records with no verified work email. Companies headquartered outside New Delhi are excluded even when they keep an office there.
Match quality
In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
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 listed company carries at least one verified work email, 250 across the full list. 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.
Corrections
Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names boutique investment banks, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many boutique investment banks are there based in New Delhi, India?

RevenueBase identified 176 boutique investment banks headquartered in New Delhi, India as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

Almondz, headquartered in New Delhi, tops this list with the largest team on record.

Which city has the most boutique investment banks?

Mumbai leads with 450 headquartered companies, followed by New Delhi (176) and Pune (101).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 250 verified decision-maker contacts tracked across these 176 companies.

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 Smart Search, 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.