Company lists · Data refreshed September 2026
Top 25 Equity capital markets firms based in India
RevenueBase identified 385 equity capital markets firms headquartered in India as of September 2026 and tracks 12,667 professional contacts across them, including 1,895 with verified work emails. Mumbai is the largest hub.
This list covers equity capital markets firms 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 20, 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.
The 25 largest equity capital markets firms based in India
Ranked by team size| # | Company | Contacts | |||
|---|---|---|---|---|---|
| 1 | 1,450 contacts → | ||||
Indirect evidence “Swastika Investmart Limited, SEBI Reg.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 2 | 974 contacts → | ||||
Strong 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 20, 2026Thanks. The Data Team will review it. | |||||
| 3 | 931 contacts → | ||||
Strong evidence “SBI Capital Markets Limited (SBICAPS) is registered with SEBI as a Category I Merchant Banker (Registration No.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 4 | 784 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 20, 2026Thanks. The Data Team will review it. | |||||
| 5 | 528 contacts → | ||||
Partial evidence “Monarch Networth Capital (MNCL) is a diversified financial services firm built on a single promise: Value Creation.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 6 | 415 contacts → | ||||
Partial evidence “Established in 1982 as a Proprietary Concern with focus on underwriting and marketing IPOs.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 7 | 339 contacts → | ||||
Indirect evidence “ENAM is one of India's leading investment banks.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 8 | 245 contacts → | ||||
Strong evidence “Founded in 2007, Equirus Group is a leading full-service financial services firm offering expertise across Investment Banking, Institutional Equities, Asset Management, Capital…” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 9 | 212 contacts → | ||||
Indirect evidence “Where rich legacy and modern approach come together.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 10 | 204 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 20, 2026Thanks. The Data Team will review it. | |||||
| 11 | 100 contacts → | ||||
Partial evidence “SEBI registered Category I Investment Bank • SEBI registered Portfolio Manager • Offices in Mumbai, Bangalore and Singapore • Offers Corporate Finance (M&A Advisory & Capital…” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 12 | 85 contacts → | ||||
Partial evidence “Pantomath Capital Advisors Private Limited is a SEBI registered Category-I Merchant Banker Registration No: Global Headquarters: Pantomath Nucleus House, Saki Vihar Road, Andheri…” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 13 | 80 contacts → | ||||
Partial evidence “Elite stock is an equity research and broking house completing 20 years May 2010.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 14 | 72 contacts → | ||||
Indirect evidence “Keynote Financial Services Ltd (formerly Keynote Corporate Services Ltd) is a boutique investment bank and a leading life cycle banker that offers independent advisory services to…” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 15 | 70 contacts → | ||||
Indirect evidence “Vivro Financial Services Private Limited is a Category I Merchant Banker registered with the Securities Exchange Board of India (SEBI), engaged in the business of providing…” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 16 | 69 contacts → | ||||
Partial evidence “We would like to this take opportunity to introduce ourselves as SMC Capitals Limited, a SEBI registered Category I Merchant Banker (Registration No: which is promoted and managed…” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 17 | 64 contacts → | ||||
Indirect evidence “Sumedha Fiscal Services Limited is a front ranking financial services Company incorporated in the year 1989.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 18 | 60 contacts → | ||||
Indirect evidence “A.K.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 19 | 45 contacts → | ||||
Partial evidence “We, at Beeline Capital Advisors Pvt.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 20 | 44 contacts → | ||||
Partial evidence “CapitalSquare Advisors Pvt Ltd (CSAPL) is an emerging Investment Banking company, based out of Mumbai.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 21 | 39 contacts → | ||||
Indirect evidence “Veda is a leading independent investment bank based in India.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 22 | 36 contacts → | ||||
Partial evidence “Unistone Capital Private Limited, a SEBI registered Merchant Banker, specializes in Investment Banking activities including Lead Management, Fund Raising, and Corporate Advisory…” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 23 | 35 contacts → | ||||
Indirect evidence “FundTQ is a premier investment banking firm, ranked among the top 5 in India.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 24 | 34 contacts → | ||||
Indirect evidence “LibGem is an Indian investment banking company based in Gurgaon near New Delhi.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
| 25 | 32 contacts → | ||||
Partial evidence “Saffron Capital is a SEBI registered Category I Merchant Banker – focused on providing integrated advisory & financial services to Small & Mid-size corporates.” Source: RevenueBase Database · checked Sep 20, 2026Thanks. The Data Team will review it. | |||||
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: equity capital markets firms. 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 equity capital markets firms.
- Partial evidence
- Its own public description names part of equity capital markets firms, so it works in or next to the category without describing itself that way.
- Indirect evidence
- The description shown does not name equity capital markets firms. 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 385 equity capital markets firms based in India
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Equity capital markets firms based in India at a glance
As of Sep 20, 2026Companies by employee count
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 385 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 equity capital markets 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 India whose own description of what they do matches “equity capital markets 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 equity capital markets 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 equity capital markets firms, 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, 1,895 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 20, 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.
Equity capital markets firms by metro
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 equity capital markets 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 equity capital markets firms are there based in India?
RevenueBase identified 385 equity capital markets firms 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?
Swastika Investmart Limited, headquartered in Indore, tops this list with the largest team on record.
Which city has the most equity capital markets firms?
Mumbai leads with 114 headquartered companies, followed by New Delhi (38) and Ahmedabad (15).
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 1,895 verified decision-maker contacts tracked across these 385 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 20, 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.
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