Company lists · Data refreshed September 2026

Top 25 Brokerage firms based in Mumbai, India

RevenueBase identified 270 brokerage firms headquartered in Mumbai, India as of September 2026 and tracks 42,572 professional contacts across them, including 4,882 with verified work emails. Mumbai is the largest hub.

This list covers brokerage firms headquartered in Mumbai, 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 19, 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 19, 2026 86% judged on-target in blind review
270Companies
42,572Contacts tracked
4,882Verified emails
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The 25 largest brokerage firms based in Mumbai, India

Ranked by team size
Top 25 of 270 brokerage firms based in Mumbai, India, ranked by team size, largest first. Data refreshed Sep 19, 2026. RevenueBase Smart Search rates how each company's information relates to brokerage firms: 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 evidenceMumbai, IndiaHQ checked Sep 19, 20261,001-5,0007,289 contacts →

Indirect evidence

“With over seven decades of ICICI Group’s legacy of trust and financial expertise, ICICI Securities stands as a leading, customer-centric and technology-driven financial services…”

Source: RevenueBase Database · checked Sep 19, 2026
2Strong evidenceMumbai, IndiaHQ checked Sep 19, 20261,001-5,0006,610 contacts →

Strong evidence

“Kotak Securities is one of the oldest and trusted equity brokerages in India, established in 1994.”

Source: RevenueBase Database · checked Sep 19, 2026
3Indirect evidenceMumbai, IndiaHQ checked Sep 19, 202610001+4,970 contacts →

Indirect evidence

“As a proud extension of the esteemed SBI legacy, SBI Securities offers a comprehensive suite of investment products and services designed to meet diverse financial objectives.”

Source: RevenueBase Database · checked Sep 19, 2026
4Indirect evidenceMumbai, IndiaHQ checked Sep 19, 20261,001-5,0004,380 contacts →

Indirect evidence

“HDFC securities has been serving a diverse customer base of retail and institutional investors, since Headquartered in Mumbai, it offers an exhaustive product suite to help its…”

Source: RevenueBase Database · checked Sep 19, 2026
5Indirect evidenceMumbai, IndiaHQ checked Sep 19, 202610001+1,762 contacts →

Indirect evidence

“Dhani Stocks Limited is one of India’s leading capital market companies providing securities and derivative broking services.”

Source: RevenueBase Database · checked Sep 19, 2026
6Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026501-1,0001,571 contacts →

Indirect evidence

“With 134 years of global expertise and over 25 years of experience in the Indian asset management space, Nippon India Mutual Fund is one of the largest asset managers in India.”

Source: RevenueBase Database · checked Sep 19, 2026
7Indirect evidenceMumbai, IndiaHQ checked Sep 19, 20265,001-10,0001,282 contacts →

Indirect evidence

“Choice Equity Broking Private Limited: SEBI Reg No.”

Source: RevenueBase Database · checked Sep 19, 2026
8Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026201-500974 contacts →

Indirect evidence

“Arihant Capital Markets Limited is a public limited company incorporated in 1992, with a mission to make every Indian financially independent by offering suitable investment…”

Source: RevenueBase Database · checked Sep 19, 2026
9Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026501-1,000816 contacts →

Indirect evidence

“Connect and Converse with likeminded people, Contribute and share your thoughts.”

Source: RevenueBase Database · checked Sep 19, 2026
10Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026501-1,000784 contacts →

Indirect evidence

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

Source: RevenueBase Database · checked Sep 19, 2026
11Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026501-1,000528 contacts →

Indirect evidence

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

Source: RevenueBase Database · checked Sep 19, 2026
12Indirect evidenceMumbai, IndiaHQ checked Sep 19, 20261,001-5,000448 contacts →

Indirect evidence

“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…”

Source: RevenueBase Database · checked Sep 19, 2026
13Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026201-500415 contacts →

Indirect evidence

“Established in 1982 as a Proprietary Concern with focus on underwriting and marketing IPOs.”

Source: RevenueBase Database · checked Sep 19, 2026
14Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026201-500323 contacts →

Indirect evidence

“WHO ARE WE?”

Source: RevenueBase Database · checked Sep 19, 2026
15Indirect evidenceMumbai, IndiaHQ checked Sep 19, 202651-200278 contacts →

Indirect evidence

“GEPL Capital Pvt Ltd (SEBI Registration No: has helped investors across India and abroad since 1997 build long-term Financial through equity, mutual funds, insurance, debt and…”

Source: RevenueBase Database · checked Sep 19, 2026
16Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026201-500268 contacts →

Indirect evidence

“PhillipCapital India Pvt.”

Source: RevenueBase Database · checked Sep 19, 2026
17Indirect evidenceMumbai, IndiaHQ checked Sep 19, 202651-200212 contacts →

Indirect evidence

“Where rich legacy and modern approach come together.”

Source: RevenueBase Database · checked Sep 19, 2026
18Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026201-500204 contacts →

Indirect evidence

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

Source: RevenueBase Database · checked Sep 19, 2026
19Indirect evidenceMumbai, IndiaHQ checked Sep 19, 202651-200163 contacts →

Indirect evidence

“Parag Parikh Financial Advisory Services Ltd.”

Source: RevenueBase Database · checked Sep 19, 2026
20Indirect evidenceMumbai, IndiaHQ checked Sep 19, 202651-200154 contacts →

Indirect evidence

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

Source: RevenueBase Database · checked Sep 19, 2026
21Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026201-500146 contacts →

Indirect evidence

“Mangal Keshav is one of the premier broker in the equities and derivatives market for Retail and Institutional customers in India.”

Source: RevenueBase Database · checked Sep 19, 2026
22Indirect evidenceMumbai, IndiaHQ checked Sep 19, 202651-200136 contacts →

Indirect evidence

“India Advantage Securities Pvt.”

Source: RevenueBase Database · checked Sep 19, 2026
23Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026201-500133 contacts →

Indirect evidence

“Member of All major Stock Commodity and Currency exchanges in India.”

Source: RevenueBase Database · checked Sep 19, 2026
24Indirect evidenceMumbai, IndiaHQ checked Sep 19, 2026201-500117 contacts →

Indirect evidence

“Pioneer Investcorp (PINC) is one of India’s leading investment Bankers and Institutional Brokers.”

Source: RevenueBase Database · checked Sep 19, 2026
25Indirect evidenceMumbai, IndiaHQ checked Sep 19, 202651-200115 contacts →

Indirect evidence

“Welcome to StoxBox, your ultimate technology-based Value Broker!”

Source: RevenueBase Database · checked Sep 19, 2026

Showing 25 of 270 brokerage firms based in Mumbai, India

See the full list, filter by size, metro and specialty, and get verified emails and direct dials for all 4,882 reachable decision-makers.

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Brokerage firms based in Mumbai, India at a glance

As of Sep 19, 2026
11.5%Verified-email coverage
157.7Average contacts per company
11-50Median size (employees)
100.0%Largest-city concentration · Mumbai
Sep 19, 2026Page data refreshed

Companies by employee count

1-10
107
11-50
80
51-200
42
201-500
24
501-1,000
7
1,001-5,000
7
5,001-10,000
1
10001+
2

Email recency for this list is measured across the whole India list rather than for Mumbai, so it is reported there. Company counts and contact totals on this page are exact for Mumbai, over 270 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 brokerage firms, 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 Mumbai, India whose own description of what they do matches “brokerage firms”. 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 brokerage firms), 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 brokerage firms, and records with no verified work email. Companies headquartered outside Mumbai 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, 4,882 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 19, 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.

Brokerage firms by metro in India

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 brokerage firms, 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 brokerage firms are there based in Mumbai, India?

RevenueBase identified 270 brokerage firms headquartered in Mumbai, 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?

Icici Securities, headquartered in Mumbai, tops this list with the largest team on record.

Which city has the most brokerage firms?

Mumbai leads with 270 headquartered companies, followed by New Delhi (110) and Pune (87).

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 4,882 verified decision-maker contacts tracked across these 270 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 19, 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.