Company lists · Data refreshed September 2026

Top 25 Business development companies based in India

Name: Business development companies based in India
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 19, 2026 184 companies tracked

RevenueBase identified 184 business development companies headquartered in India as of September 2026 and tracks 3,314 professional contacts across them, including 690 with verified work emails. Mumbai is the largest hub.

This list covers business development companies headquartered in 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

184Companies

3,314Contacts tracked

690Verified emails

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The 25 largest business development companies based in India

Ranked by team size

Top 25 of 184 business development companies based in India, ranked by team size, largest first. Data refreshed Sep 19, 2026. RevenueBase Smart Search rates how each company's information relates to business development companies: 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.
#	Company	RevenueBase Smart Search	Headquarters	Employees	Contacts
1	Mastertrust	Indirect evidence	New Delhi, IndiaHQ checked Sep 19, 2026	501-1,000	831 contacts →
	Indirect evidence “mastertrust Group is one of the leading financial services company in India.” Source: RevenueBase Database · checked Sep 19, 2026
2	NJ Indiainvest Private Limited	Indirect evidence	Surat, IndiaHQ checked Sep 19, 2026	501-1,000	675 contacts →
	Indirect evidence “NJ IndiaInvest Private Limited is an investment banking company based out of 901, NJ CentreUdna Udyog Nagar, Sangh Sahkari ComplexCentral Road No.” Source: RevenueBase Database · checked Sep 19, 2026
3	Whiteoak Capital	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	201-500	323 contacts →
	Indirect evidence “WHO ARE WE?” Source: RevenueBase Database · checked Sep 19, 2026
4	Allegro Capital Advisors	Indirect evidence	Bangalore, IndiaHQ checked Sep 19, 2026	201-500	110 contacts →
	Indirect evidence “Allegro Capital is a comprehensive Investment Bank that comes with years of expertise in offering financial solutions and advisory services across the corporate world.” Source: RevenueBase Database · checked Sep 19, 2026
5	Singhi Advisors	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	94 contacts →
	Indirect evidence “Singhi Advisors is a global investment banking firm, focused on providing merger, acquisition, divestiture & corporate advisory services to domestic & international organizations.” Source: RevenueBase Database · checked Sep 19, 2026
6	Growthally Advisors Private Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	11-50	63 contacts →
	Indirect evidence “Strategic Financial Advisors \| 15+ Years of Expertise \| Corporates Empowered At Growthally, we don’t just offer advice - we partner with businesses to unlock real growth.” Source: RevenueBase Database · checked Sep 19, 2026
7	Dynamic Equities Pvt. LTD	Indirect evidence	Kolkata, IndiaHQ checked Sep 19, 2026	51-200	29 contacts →
	Indirect evidence “Dynamic Equities Pvt.” Source: RevenueBase Database · checked Sep 19, 2026
8	Cipher-Plexus Capital Advisors	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	11-50	27 contacts →
	Indirect evidence “Cipher-Plexus is a vibrant mid-market boutique Investment Bank headquartered in Mumbai, India focussed on advisory services in Private Equity, Mergers & Acquisitions and Special…” Source: RevenueBase Database · checked Sep 19, 2026
9	Inga Ventures	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	11-50	26 contacts →
	Indirect evidence “Inga Ventures is a boutique investment banking firm that offers financial and strategic advisory services.” Source: RevenueBase Database · checked Sep 19, 2026
10	Nuvama Investment Banking And Advisory	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	26 contacts →
	Indirect evidence “We are a leading advisor to corporations, entrepreneurs and investors, offering integrated solutions encompassing high-quality financial advisory services and financing solutions.” Source: RevenueBase Database · checked Sep 19, 2026
11	TFS Business Advisors India Private Limited	Indirect evidence	New Delhi, IndiaHQ checked Sep 19, 2026	11-50	25 contacts →
	Indirect 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 19, 2026
12	Kreo Capital Private Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	22 contacts →
	Indirect evidence “Kreo Capital is a boutique financial service company with Mid Market focus offering integrated financial advice and services.” Source: RevenueBase Database · checked Sep 19, 2026
13	Credent Global Finance	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	11-50	21 contacts →
	Indirect evidence “CREDENT GLOBAL, based in London and Mumbai, is a Financial Services firm that focuses on creating solutions for mid to large cap companies and helping investors build a thriving…” Source: RevenueBase Database · checked Sep 19, 2026
14	Springforth Capital Advisors	Indirect evidence	Hyderabad, IndiaHQ checked Sep 19, 2026	11-50	21 contacts →
	Indirect evidence “Springforth Capital Advisors is a boutique Investment Banking and Capital Advisory firm, built by a team of professionals with strong credentials across investment banking…” Source: RevenueBase Database · checked Sep 19, 2026
15	Xeon Multimedia	Strong evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	21 contacts →
	Strong evidence “Xeon Multimedia is an established Business Development Company based in MUMBAI, Maharashtra, INDIA.” Source: RevenueBase Database · checked Sep 19, 2026
16	X-B4 Advisory LLP	Indirect evidence	New Delhi, IndiaHQ checked Sep 19, 2026	11-50	19 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 19, 2026
17	Dataillam	Indirect evidence	Chennai, IndiaHQ checked Sep 19, 2026	11-50	16 contacts →
	Indirect evidence “Most B2B founders are great at building products.” Source: RevenueBase Database · checked Sep 19, 2026
18	Band Of Techies	Strong evidence	Kaloor, IndiaHQ checked Sep 19, 2026	11-50	16 contacts →
	Strong evidence “Band Of Techies is a Business Development Company.” Source: RevenueBase Database · checked Sep 19, 2026
19	Cosmos Financial Group-Cfg	Indirect evidence	Delhi, IndiaHQ checked Sep 19, 2026	11-50	15 contacts →
	Indirect evidence “At Cosmos Financial Group, our vision is to outclass leading global Investment banks through our core competence of identifying worthy from the cosmos of business opportunities…” Source: RevenueBase Database · checked Sep 19, 2026
20	Redefin Capital	Indirect evidence	Hyderabad, IndiaHQ checked Sep 19, 2026	11-50	14 contacts →
	Indirect evidence “RedeFin Capital is a boutique investment banking, research, and financial advisory firm headquartered in Hyderabad, India.” Source: RevenueBase Database · checked Sep 19, 2026
21	Nutan Capital Partners LLP	Indirect evidence	Kolkata, IndiaHQ checked Sep 19, 2026	11-50	14 contacts →
	Indirect evidence “Founded in 2010, Nutan Capital Partners is a mid-market boutique investment banking firm focused on equity, debt, strategic and corporate advisory services The firm is promoted by…” Source: RevenueBase Database · checked Sep 19, 2026
22	We Corp	Indirect evidence	Bangalore, IndiaHQ checked Sep 19, 2026	11-50	12 contacts →
	Indirect evidence “Start Your Investment Journey With Us!” Source: RevenueBase Database · checked Sep 19, 2026
23	Makven Capital	Indirect evidence	Bangalore, IndiaHQ checked Sep 19, 2026	11-50	11 contacts →
	Indirect evidence “A mid-market Investment Banking, Consulting, and Advisory firm with over 25 years of Experience & Expertise.” Source: RevenueBase Database · checked Sep 19, 2026
24	Dhfin Group	Indirect evidence	Gurgaon, IndiaHQ checked Sep 19, 2026	11-50	11 contacts →
	Indirect evidence “Based out of NCR-Delhi, the DHFin Group comprises four verticals - Asset Management, Alternative Investment Fund, Trustee Services, and Financial Advisory.” Source: RevenueBase Database · checked Sep 19, 2026
25	Maple Capital Advisors	Indirect evidence	New Delhi, IndiaHQ checked Sep 19, 2026	1-10	10 contacts →
	Indirect 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 19, 2026

RevenueBase Smart Search

RevenueBase Smart Search assesses information from a company’s LinkedIn profile, information supplied directly by the company, its website, and other publicly available sources. It uses that information to rate how closely the company relates to this list’s category: business development companies. Every row carries its rating and the description the rating was read from, so each one can be checked rather than taken on trust.

Strong evidence: The company's own public description of its business names business development companies.
Partial evidence: Its own public description names part of business development companies, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name business development companies. The match rests on the rest of the company's public profile rather than the one sentence quoted here, so this is the rating to check first.

RevenueBase Smart Search is how these lists are built: RevenueBase's data engine and AI assemble the companies that match a category defined in a user's own words, so a list can be about what companies actually do rather than about whichever industry code they were filed under.

Showing 25 of 184 business development companies based in India

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Business development companies based in India at a glance

As of Sep 19, 2026

20.8%Verified-email coverage

18.0Average contacts per company

11-50Median size (employees)

26.6%Largest-city concentration · Mumbai

Sep 19, 2026Page data refreshed

Companies by employee count

1-10

11-50

51-200

201-500

501-1,000

1,001-5,000

5,001-10,000

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 184 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 business development companies, 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 India whose own description of what they do matches “business development companies”. 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 business development companies), 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 business development companies, and records with no verified work email. Companies headquartered outside India 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, 690 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.

Business development companies by metro

Business development companies in Mumbai49

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 business development companies, 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 business development companies are there based in India?

RevenueBase identified 184 business development companies headquartered in 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?

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

Which city has the most business development companies?

Mumbai leads with 49 headquartered companies, followed by New Delhi (18) and Bangalore (10).

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 690 verified decision-maker contacts tracked across these 184 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.