Company lists · Data refreshed September 2026

Top 25 Equity research firms based in India

RevenueBase identified 429 company matches for equity research firms associated with India as of September 2026 and tracks 9,367 professional contacts across them, including 1,251 with verified work emails. Mumbai is the largest hub.

This list covers company matches for equity research firms associated with India, found by RevenueBase SmartSearch using the meaning of business descriptions in its company graph at Exact. Ranked by professionals tracked, largest first. Rows show recorded descriptions where available, Exact search membership and the snapshot date. Data refreshed September 20, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase SmartSearch, 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 RevenueBase SmartSearch · Exact Recorded Sep 20, 2026 How this list was built
429Companies
9,367Contacts tracked
1,251Verified emails
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The 25 largest equity research firms based in India

Ranked by team size
Top 25 of 429 company matches for equity research firms based in India, ordered by professional contacts tracked in RevenueBase, largest first. Recorded Sep 20, 2026. The RevenueBase SmartSearch column shows Exact match membership in this saved search. Click a contact count to view that company's people. Totals use company locations recorded by RevenueBase; the displayed preview is a smaller selection.
#CompanyRevenueBase SmartSearchHeadquartersEmployeesContacts
1Exact matchMumbai, IndiaHQ recorded Sep 20, 20261,001-5,0001,256 contacts →

Exact match

“Tradebulls Securities (P) Limited is one of the fastest growing broking houses in India serving 2L+ clients through business partners and employees.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
2Exact matchMumbai, IndiaHQ recorded Sep 20, 2026201-500974 contacts →

Exact match

“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…”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
3Exact matchMumbai, IndiaHQ recorded Sep 20, 2026501-1,000816 contacts →

Exact match

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

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
4Exact matchBangalore, IndiaHQ recorded Sep 20, 202651-200429 contacts →

Exact match

“William O’Neil India is part of the O’Neil companies, a family of businesses dedicated to providing industry-leading financial services and information.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
5Exact matchMumbai, IndiaHQ recorded Sep 20, 2026201-500268 contacts →

Exact match

“PhillipCapital India Pvt.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
6Exact matchMumbai, IndiaHQ recorded Sep 20, 202651-200212 contacts →

Exact match

“Where rich legacy and modern approach come together.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
7Exact matchIndore, IndiaHQ recorded Sep 20, 2026201-500212 contacts →

Exact match

“Epic Research is a leading financial services provider with presence in Indian and other global capital markets.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
8Exact matchMumbai, IndiaHQ recorded Sep 20, 2026201-500204 contacts →

Exact match

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

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
9Exact matchKolkata, IndiaHQ recorded Sep 20, 2026201-500204 contacts →

Exact match

“StockEdge Fintech Private Limited (formerly known as Kredent Infoedge Private Limited).”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
10Exact matchNoida, IndiaHQ recorded Sep 20, 202651-200158 contacts →

Exact match

“Value Research is a leading provider of independent investment research in India.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
11Exact matchMumbai, IndiaHQ recorded Sep 20, 2026201-500117 contacts →

Exact match

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

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
12Exact matchBangalore, IndiaHQ recorded Sep 20, 202651-20090 contacts →

Exact match

“Trade Brains is a leading financial news and analytics platform in India, designed to provide comprehensive insights and data to support retail investors and financial…”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
13Exact matchMayur Vihar Ph -1, IndiaHQ recorded Sep 20, 2026501-1,00080 contacts →

Exact match

“Elite stock is an equity research and broking house completing 20 years May 2010.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
14Exact matchMumbai, IndiaHQ recorded Sep 20, 202651-20073 contacts →

Exact match

“Multi-Act Trade & Investments was founded in 1998 with the goal of providing superior investment research services to ultra high-net-worth individuals and family offices in India.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
15Exact matchNoida, IndiaHQ recorded Sep 20, 202611-5073 contacts →

Exact match

“DistrictD is a community platform that allows you to do equity research like a professional.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
16Exact matchVadodara, IndiaHQ recorded Sep 20, 202651-20065 contacts →

Exact match

“Concentric Analytics LLP is a premium institutional delivery partner for global investment firms and corporates.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
17Exact matchMumbai, IndiaHQ recorded Sep 20, 202651-20059 contacts →

Exact match

“Opulent Investment Adviser Private Limited SEBI Registered Research Analyst (Registration No.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
18Exact matchPune, IndiaHQ recorded Sep 20, 202651-20053 contacts →

Exact match

“Niveza India Pvt.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
19Exact matchMumbai, IndiaHQ recorded Sep 20, 202651-20047 contacts →

Exact match

“Trusted by a million members worldwide, Equitymaster is a leading financial research firm that offers independent, unbiased, and actionable insights on the Indian stock market.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
20Exact matchMumbai, IndiaHQ recorded Sep 20, 202651-20043 contacts →

Exact match

Recorded description not available.

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
21Exact matchMumbai, IndiaHQ recorded Sep 20, 202651-20042 contacts →

Exact match

“Northstar Analytics provides high-quality, consistent, and cost-effective investment research and analytical support to asset managers (public equity, private equity, venture…”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
22Exact matchAhmedabad, IndiaHQ recorded Sep 20, 202611-5041 contacts →

Exact match

“40 YEARS OF TOP - NOTCH SERVICE.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
23Exact matchPune, IndiaHQ recorded Sep 20, 202611-5040 contacts →

Exact match

“RCK Analytics provides high-quality cost-effective outsourced investment research, investment banking support, PE/VC research support, analytics, and assurance services to global…”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
24Exact matchMumbai, IndiaHQ recorded Sep 20, 202611-5033 contacts →

Exact match

“Omkara Capital, SEBI registered research advisory.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase
25Exact matchMumbai, IndiaHQ recorded Sep 20, 202611-5028 contacts →

Exact match

“Elixir Equities Pvt.”

Recorded in the RevenueBase company graph · Sep 20, 2026 · View company records in RevenueBase

Showing 25 of 429 equity research firms based in India

See the full list, filter by size, metro and specialty, and access 1,251 tracked professional contacts with verified work emails. Direct dials are available where recorded.

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Equity research firms based in India at a glance

As of Sep 20, 2026
13.4%Verified-email coverage
21.8Average contacts per company
11-50Median size (employees)
15.2%Largest-city concentration · Mumbai
Sep 20, 2026Page data refreshed

Companies by employee count

1-10
214
11-50
117
51-200
62
201-500
28
501-1,000
5
1,001-5,000
2
10001+
1

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 429 companies.

How this list was built

The recorded descriptions help you assess these company matches. Check a company’s website for its current services and locations.

Source
The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase SmartSearch, the natural-language company search available to every RevenueBase user.
What qualifies
Company records associated with India whose business descriptions match “equity research firms” by meaning at the Exact setting. Descriptions are compiled in the RevenueBase company graph from public websites, profiles and company information where available; they are not guaranteed quotations from the company's website.
RevenueBase SmartSearch
Describe a niche company in your own words to find businesses by meaning. Exact, Similar, Related and Broad control the breadth of RevenueBase SmartSearch. This saved list uses Exact. Each row's Exact match badge shows inclusion in that search, not an individual score or a service-quality judgment.
Public preview
The public preview omits records without a verified work email. Where headquarters information is recorded, preview rows are also filtered to this page’s location. Dataset totals and geographic summaries describe the full matched records before these preview filters.
Match quality
RevenueBase's August 25, 2026 study assessed 4,198 description/company pairs across matching settings. The publisher reports 86% good or better at Exact. This evaluates the method across queries; it does not audit this individual list. Recorded company descriptions, where available, help you judge each match yourself. Read the full methodology: how the lists are built and what the study measures.
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 displayed company carries at least one verified work email. RevenueBase tracks 1,251 professional contacts with verified work emails across the full matched dataset. 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.
Record context
Company records and descriptions can change. Check the company's website for its current services and locations.

Frequently asked

What is RevenueBase SmartSearch?

RevenueBase SmartSearch finds niche companies by the meaning of their business descriptions in the RevenueBase company graph. Exact, Similar, Related and Broad control how closely companies must fit your description. This list uses Exact for “equity research firms”; each Exact match badge shows search membership, not an individual similarity or quality score.

How many equity research firms are there based in India?

RevenueBase identified 429 company matches for equity research firms associated with India as of September 2026, using the meaning of business descriptions at Exact. This is the recorded matched set in the RevenueBase company graph.

What is the largest company on this list?

Tradebulls Securities P Limited tops the displayed preview by professional contacts tracked in RevenueBase. Recorded headquarters appear in the company rows.

Which city has the most equity research firms?

Mumbai leads with 65 company records, followed by Indore (40) and Bangalore (39).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work limited free results with 500 credits to start. Upgrading provides access to the 1,251 professional contacts with verified work emails tracked across these 429 companies; direct dials are available where recorded.

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 SmartSearch, 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.