Company lists · Data refreshed September 2026

Top 25 Equity research providers based in India

Name: Equity research providers based in India
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 20, 2026 506 companies tracked

RevenueBase identified 506 equity research providers headquartered in India as of September 2026 and tracks 11,880 professional contacts across them, including 1,489 with verified work emails. Mumbai is the largest hub.

This list covers equity research providers 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.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 20, 2026 86% judged on-target in blind review

506Companies

11,880Contacts tracked

1,489Verified emails

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The 25 largest equity research providers based in India

Ranked by team size

Top 25 of 506 equity research providers based in India, ranked by team size, largest first. Data refreshed Sep 20, 2026. RevenueBase Smart Search rates how each company's information relates to equity research providers: 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	Tradebulls Securities P Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 20, 2026	1,001-5,000	1,256 contacts →
	Indirect evidence “Tradebulls Securities (P) Limited is one of the fastest growing broking houses in India serving 2L+ clients through business partners and employees.” Source: RevenueBase Database · checked Sep 20, 2026
2	Arihant Capital Markets LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 20, 2026	201-500	974 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 20, 2026
3	Emkay Global Financial Services LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 20, 2026	501-1,000	816 contacts →
	Indirect evidence “Connect and Converse with likeminded people, Contribute and share your thoughts.” Source: RevenueBase Database · checked Sep 20, 2026
4	William O'neil India	Indirect evidence	Bangalore, IndiaHQ checked Sep 20, 2026	51-200	429 contacts →
	Indirect evidence “William O’Neil India is part of the O’Neil companies, a family of businesses dedicated to providing industry-leading financial services and information.” Source: RevenueBase Database · checked Sep 20, 2026
5	Nirmal Bang Securities Private Limited	Indirect evidence	Kolkata, IndiaHQ checked Sep 20, 2026	201-500	370 contacts →
	Indirect evidence “NIRMAL BANG SECURITIES PRIVATE LIMITED is a company based out of 38 B KHATAU BLDG2ND FLOOR,ALKESH DINESH MODY MARG FORT, MUMBAI, Maharashtra, India.” Source: RevenueBase Database · checked Sep 20, 2026
6	Report Prime	Indirect evidence	Mumbai, IndiaHQ checked Sep 20, 2026	51-200	265 contacts →
	Indirect evidence “Report Prime has been founded with the fundamental belief to change the world by words.” Source: RevenueBase Database · checked Sep 20, 2026
7	HEM Securities LTD	Indirect evidence	Jaipur, IndiaHQ checked Sep 20, 2026	201-500	236 contacts →
	Indirect evidence Source: RevenueBase Database · checked Sep 20, 2026
8	BP Equities PVT LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 20, 2026	51-200	212 contacts →
	Indirect evidence “Where rich legacy and modern approach come together.” Source: RevenueBase Database · checked Sep 20, 2026
9	Epic Research Limited	Partial evidence	Indore, IndiaHQ checked Sep 20, 2026	201-500	212 contacts →
	Partial evidence “Epic Research is a leading financial services provider with presence in Indian and other global capital markets.” Source: RevenueBase Database · checked Sep 20, 2026
10	Batlivala & Karani Group	Indirect evidence	Mumbai, IndiaHQ checked Sep 20, 2026	201-500	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, 2026
11	Stockedge	Indirect evidence	Kolkata, IndiaHQ checked Sep 20, 2026	201-500	204 contacts →
	Indirect evidence “StockEdge Fintech Private Limited (formerly known as Kredent Infoedge Private Limited).” Source: RevenueBase Database · checked Sep 20, 2026
12	The Research Insights	Partial evidence	Pune, IndiaHQ checked Sep 20, 2026	201-500	179 contacts →
	Partial evidence “The Research Insights is an obligated organization and a global ground breaker in research, analytics and advisory.” Source: RevenueBase Database · checked Sep 20, 2026
13	Value Research	Partial evidence	Noida, IndiaHQ checked Sep 20, 2026	51-200	158 contacts →
	Partial evidence “Value Research is a leading provider of independent investment research in India.” Source: RevenueBase Database · checked Sep 20, 2026
14	Absolute Reports	Partial evidence	Pune, IndiaHQ checked Sep 20, 2026	51-200	147 contacts →
	Partial evidence “We are one of the top market research report re-sellers in the business world, dedicated towards bringing you a perfect concoction of data parameters.” Source: RevenueBase Database · checked Sep 20, 2026
15	Privatecircle	Indirect evidence	Bengaluru, IndiaHQ checked Sep 20, 2026	51-200	125 contacts →
	Indirect evidence “PrivateCircle has built the leading Private Market Intelligence technology in India - that covers 1.7 million companies, 400k+ HNIs, Funds, 500k+ transactions.” Source: RevenueBase Database · checked Sep 20, 2026
16	Pioneer Investcorp	Indirect evidence	Mumbai, IndiaHQ checked Sep 20, 2026	201-500	117 contacts →
	Indirect evidence “Pioneer Investcorp (PINC) is one of India’s leading investment Bankers and Institutional Brokers.” Source: RevenueBase Database · checked Sep 20, 2026
17	Liquide	Indirect evidence	Bangalore, IndiaHQ checked Sep 20, 2026	51-200	81 contacts →
	Indirect evidence “Liquide Solutions Pvt Ltd \| SEBI Reg.” Source: RevenueBase Database · checked Sep 20, 2026
18	Elite Stock Management	Strong evidence	Mayur Vihar Ph -1, IndiaHQ checked Sep 20, 2026	501-1,000	80 contacts →
	Strong evidence “Elite stock is an equity research and broking house completing 20 years May 2010.” Source: RevenueBase Database · checked Sep 20, 2026
19	RRS	Indirect evidence	Mumbai, IndiaHQ checked Sep 20, 2026	11-50	78 contacts →
	Indirect evidence “Our Mission at RRS is to offer innovative financial products and services that exceed internal and external client expectations consistently by integrating best practices, core…” Source: RevenueBase Database · checked Sep 20, 2026
20	Multi-Act	Partial evidence	Mumbai, IndiaHQ checked Sep 20, 2026	51-200	73 contacts →
	Partial evidence “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.” Source: RevenueBase Database · checked Sep 20, 2026
21	Districtd	Strong evidence	Noida, IndiaHQ checked Sep 20, 2026	11-50	73 contacts →
	Strong evidence “DistrictD is a community platform that allows you to do equity research like a professional.” Source: RevenueBase Database · checked Sep 20, 2026
22	Alchemy Research And Analytics	Partial evidence	Durgapur, IndiaHQ checked Sep 20, 2026	51-200	72 contacts →
	Partial evidence “Alchemy Research and Analytics is a leading next-generation, tech-powered, human-led provider of bespoke solutions in business research, market intelligence, sustainability…” Source: RevenueBase Database · checked Sep 20, 2026
23	Concentric Analytics LLP	Indirect evidence	Vadodara, IndiaHQ checked Sep 20, 2026	51-200	65 contacts →
	Indirect evidence “Concentric Analytics LLP is a premium institutional delivery partner for global investment firms and corporates.” Source: RevenueBase Database · checked Sep 20, 2026
24	Equitypandit	Strong evidence	Surat, IndiaHQ checked Sep 20, 2026	51-200	62 contacts →
	Strong evidence “EquityPandit is a SEBI Registered Investment Advisor with over 20 years of research expertise.” Source: RevenueBase Database · checked Sep 20, 2026
25	Stockaxis	Partial evidence	Mumbai, IndiaHQ checked Sep 20, 2026	51-200	59 contacts →
	Partial evidence “Opulent Investment Adviser Private Limited SEBI Registered Research Analyst (Registration No.” Source: RevenueBase Database · checked Sep 20, 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: equity research providers. 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 research providers.
Partial evidence: Its own public description names part of equity research providers, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name equity research providers. 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 506 equity research providers based in India

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Equity research providers based in India at a glance

As of Sep 20, 2026

12.5%Verified-email coverage

23.5Average contacts per company

11-50Median size (employees)

15.8%Largest-city concentration · Mumbai

Sep 20, 2026Page data refreshed

Companies by employee count

1-10

230

11-50

147

51-200

201-500

501-1,000

1,001-5,000

10001+

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 506 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 research providers, 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 research providers”. 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 research providers), 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 research providers, 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, 1,489 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 research providers by metro

Equity research providers in Mumbai80
Equity research providers in Pune45
Equity research providers in Indore43
Equity research providers in New Delhi35
Equity research providers in Kolkata25

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 research providers, 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 research providers are there based in India?

RevenueBase identified 506 equity research providers 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?

Tradebulls Securities P Limited, headquartered in India, tops this list with the largest team on record.

Which city has the most equity research providers?

Mumbai leads with 80 headquartered companies, followed by Pune (45) and Indore (43).

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 1,489 verified decision-maker contacts tracked across these 506 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.