Company lists · Data refreshed September 2026

Top 25 Direct indexing companies based in Mumbai, India

Name: Direct indexing companies based in Mumbai, India
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 19, 2026 106 companies tracked

RevenueBase identified 106 direct indexing companies headquartered in Mumbai, India as of September 2026 and tracks 11,119 professional contacts across them, including 2,618 with verified work emails. Mumbai is the largest hub.

This list covers direct indexing companies 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

106Companies

11,119Contacts tracked

2,618Verified emails

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The 25 largest direct indexing companies based in Mumbai, India

Ranked by team size

Top 25 of 106 direct indexing companies 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 direct indexing 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	Kotak Securities	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	6,610 contacts →
	Indirect evidence “Kotak Securities is one of the oldest and trusted equity brokerages in India, established in 1994.” Source: RevenueBase Database · checked Sep 19, 2026
2	Nippon India Mutual Fund	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	501-1,000	1,571 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
3	Emkay Global Financial Services LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	501-1,000	816 contacts →
	Indirect evidence “Connect and Converse with likeminded people, Contribute and share your thoughts.” Source: RevenueBase Database · checked Sep 19, 2026
4	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
5	Gepl Capital	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	278 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
6	Parag Parikh Financial Advisory Services Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	163 contacts →
	Indirect evidence “Parag Parikh Financial Advisory Services Ltd.” Source: RevenueBase Database · checked Sep 19, 2026
7	Deven Choksey	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	64 contacts →
	Indirect evidence “Deven Choksey is a trusted name in Wealth Management and Investment Advisory, serving individual investors, HNIs, institutions, and family offices.” Source: RevenueBase Database · checked Sep 19, 2026
8	OLD Bridge Capital Management PVT LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	n/a	33 contacts →
	Indirect evidence “Old Bridge Capital Management (OBCM) is an Investment Management Company incorporated in Dec 2015 with a focus on equities.” Source: RevenueBase Database · checked Sep 19, 2026
9	FYDAA	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	11-50	28 contacts →
	Indirect evidence “Fydaa is building financial access for every corner of Bharat.” Source: RevenueBase Database · checked Sep 19, 2026
10	Wright Research	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	11-50	26 contacts →
	Indirect evidence “Wright Research is an investment advisory and portfolio management firm that uses quantitative research and machine learning to create equity investment portfolios with the aim to…” Source: RevenueBase Database · checked Sep 19, 2026
11	Cagrfunds	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	24 contacts →
	Indirect evidence “AMFI Registered Mutual Fund Distributor(ARN-106095) and SIF Distributor Investing is a huge part of your financial life, and we help you stay on top of yours every day.” Source: RevenueBase Database · checked Sep 19, 2026
12	Iarista	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	11-50	21 contacts →
	Indirect evidence “IArista Artha Pvt.” Source: RevenueBase Database · checked Sep 19, 2026
13	Prodigy Investment Management	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	11-50	18 contacts →
	Indirect evidence “Founded in June 2004 with the vision of providing a growth-oriented and a process-driven approach to investment management.” Source: RevenueBase Database · checked Sep 19, 2026
14	Fission Wealth	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	11-50	15 contacts →
	Indirect evidence “Fission Wealth Private Limited is based on the ethos of creating wealth for its clients by executing investment options (aligned to life goals) in a simple and seamless manner…” Source: RevenueBase Database · checked Sep 19, 2026
15	Valentis Advisors PVT LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	11 contacts →
	Indirect evidence “Valentis Advisors Pvt Ltd (Valentis) was incorporated in October, 2015 to offer investment management services.” Source: RevenueBase Database · checked Sep 19, 2026
16	Bluegrid Financial Services LLP	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	11 contacts →
	Indirect evidence “Bluegrid is a specialized Investment and Financial service provider with a team of professionals offering a wide range of customized services to its clients.” Source: RevenueBase Database · checked Sep 19, 2026
17	Chanakya Capital	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	8 contacts →
	Indirect evidence “Backed by deep field – level research, we offer portfolio management services with a long term performance,focusing on equity investment.” Source: RevenueBase Database · checked Sep 19, 2026
18	Investkarr	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	11-50	8 contacts →
	Indirect evidence “Investkarr is guided by multiple decades of investment experience to create a confluence of fresh ideas and generational wisdom, ensuring wealth creation.” Source: RevenueBase Database · checked Sep 19, 2026
19	Arthya Wealth And Investments Pvt. LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	7 contacts →
	Indirect evidence “At Arthya Wealth and Investments Pvt.” Source: RevenueBase Database · checked Sep 19, 2026
20	Serenity Wealth	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	6 contacts →
	Indirect evidence “Serenity Wealth is a SEBI Registered Investment Advisor (RIA), under the name: Ashish Khetan – Proprietor of Meeraj Advisors \| Registration No: At Serenity Wealth, we believe that…” Source: RevenueBase Database · checked Sep 19, 2026
21	Ortium Financial Services PVT LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	5 contacts →
	Indirect evidence “We are an AMFI registered Mutual Fund Distributor.” Source: RevenueBase Database · checked Sep 19, 2026
22	Pendulum Investment Services	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	5 contacts →
	Indirect evidence “The fight between the Bulls & Bears will be the never ending story of your Capital Market journey!” Source: RevenueBase Database · checked Sep 19, 2026
23	Kalpataru Wealth	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	5 contacts →
	Indirect evidence “Kalpataru Wealth is an AMFI registered mutual fund distributor, investment service provider established in the year 2014 by Porush Sharaf and Raj Awasthi (CFPCM) to follow their…” Source: RevenueBase Database · checked Sep 19, 2026
24	Nesting Wealth	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	4 contacts →
	Indirect evidence “Planning is an essential element that creates a worry free life where you don’t get blindsided by sudden events on the crossroads of life.” Source: RevenueBase Database · checked Sep 19, 2026
25	Valcreate Investment Managers	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1-10	4 contacts →
	Indirect evidence “Welcome to Valcreate Investment Managers LLP, a forefront in customizing wealth through process oriented approach to investments.” 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: direct indexing 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 direct indexing companies.
Partial evidence: Its own public description names part of direct indexing companies, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name direct indexing 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 106 direct indexing companies based in Mumbai, India

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Direct indexing companies based in Mumbai, India at a glance

As of Sep 19, 2026

23.5%Verified-email coverage

104.9Average contacts per company

1-10Median size (employees)

100.0%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

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 106 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 direct indexing 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 Mumbai, India whose own description of what they do matches “direct indexing 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 direct indexing 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 direct indexing companies, 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, 2,618 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.

Direct indexing companies by metro in India

Direct indexing companies in Mumbai106
Direct indexing companies in Pune48
Direct indexing companies in Bangalore47
Direct indexing companies in New Delhi30
Direct indexing companies in Kolkata27

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 direct indexing 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 direct indexing companies are there based in Mumbai, India?

RevenueBase identified 106 direct indexing companies 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?

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

Which city has the most direct indexing companies?

Mumbai leads with 106 headquartered companies, followed by Pune (48) and Bangalore (47).

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 2,618 verified decision-maker contacts tracked across these 106 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.