Company lists · Data refreshed September 2026

Top 25 Lower middle market investment firms based in Mumbai, India

RevenueBase identified 91 lower middle market investment firms headquartered in Mumbai, India as of September 2026 and tracks 1,359 professional contacts across them, including 636 with verified work emails. Across India, Mumbai is the largest hub for this category.

This list covers lower middle market investment firms 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 28, 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 28, 2026 86% judged on-target in blind review
91Companies
1,359Contacts tracked
636Verified emails
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The 25 largest lower middle market investment firms based in Mumbai, India

Ranked by team size
Top 25 of 91 lower middle market investment firms based in Mumbai, India, ranked by team size, largest first. Data refreshed Sep 28, 2026. RevenueBase Smart Search rates how each company's information relates to lower middle market investment firms: 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.
#CompanyRevenueBase Smart SearchHeadquartersEmployeesContacts
1Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202651-200154 contacts →

Indirect evidence

“Analah is a premier global firm specializing in Private Equity, Startups, Real Estate, Mutual Funds, and Insurance.”

Source: RevenueBase Database · checked Sep 28, 2026
2Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-50117 contacts →

Indirect evidence

“BlackSoil was founded in 2010 with the single mission of pioneering unique advisory & financing solution for developers, startups & high growth companies.”

Source: RevenueBase Database · checked Sep 28, 2026
3Partial evidenceMumbai, IndiaHQ checked Sep 28, 202651-20094 contacts →

Partial 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 28, 2026
4Partial evidenceMumbai, IndiaHQ checked Sep 28, 202611-5087 contacts →

Partial evidence

“Multiples was founded in 2009 by Renuka Ramnath, emerging from a vision to create a highly-respected, sustainable and successful institution focused on Alternate Asset investments…”

Source: RevenueBase Database · checked Sep 28, 2026
5Partial evidenceMumbai, IndiaHQ checked Sep 28, 202651-20072 contacts →

Partial 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 28, 2026
6Partial evidenceMumbai, IndiaHQ checked Sep 28, 202651-20067 contacts →

Partial evidence

“Founded in ChrysCapital Advisors is part of one of the largest and most established India-focused investment Groups, with $8+ billion raised across 10 private equity funds.”

Source: RevenueBase Database · checked Sep 28, 2026
7Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-5060 contacts →

Indirect evidence

“True North has spent 25 years partnering with conscious, high-performing businesses across India, guided by a single philosophy: “Doing things the right way.” In Private Equity…”

Source: RevenueBase Database · checked Sep 28, 2026
8Partial evidenceMumbai, IndiaHQ checked Sep 28, 202611-5060 contacts →

Partial evidence

“Samara Capital is an Investment firm with a business owner mindset having differentiated investing and operating capabilities.”

Source: RevenueBase Database · checked Sep 28, 2026
9Partial evidenceMumbai, IndiaHQ checked Sep 28, 202611-5050 contacts →

Partial evidence

“Gaja Capital is an India focused private equity firm that invests in mid-market companies in emerging sectors such as Education, Financial Services and Consumer.”

Source: RevenueBase Database · checked Sep 28, 2026
10Partial evidenceMumbai, IndiaHQ checked Sep 28, 202611-5029 contacts →

Partial evidence

“Kanchansobha offers a complete suite of investment banking solutions to its clients.”

Source: RevenueBase Database · checked Sep 28, 2026
11Partial evidenceMumbai, IndiaHQ checked Sep 28, 202611-5026 contacts →

Partial evidence

“Inga Ventures is a boutique investment banking firm that offers financial and strategic advisory services.”

Source: RevenueBase Database · checked Sep 28, 2026
12Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202651-20026 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 28, 2026
13Partial evidenceMumbai, IndiaHQ checked Sep 28, 202611-5023 contacts →

Partial evidence

“Convergent is an investment partnership at the forefront of bringing together Ideas, Capital and passionate Entrepreneurs.”

Source: RevenueBase Database · checked Sep 28, 2026
14Partial evidenceMumbai, IndiaHQ checked Sep 28, 202611-5023 contacts →

Partial evidence

“Established in 2004, Aarayaa is an Investment Bank focused on Mergers & Acquisitions, Private Equity, Corporate Finance, Restructuring of Companies, Valuations, International Tax…”

Source: RevenueBase Database · checked Sep 28, 2026
15Partial evidenceMumbai, IndiaHQ checked Sep 28, 20261-1022 contacts →

Partial evidence

“Kreo Capital is a boutique financial service company with Mid Market focus offering integrated financial advice and services.”

Source: RevenueBase Database · checked Sep 28, 2026
16Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-5021 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 28, 2026
17Partial evidenceMumbai, IndiaHQ checked Sep 28, 20261-1016 contacts →

Partial evidence

“Jashvik Capital is a Healthcare & Consumer sector focused investment firm.”

Source: RevenueBase Database · checked Sep 28, 2026
18Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-5014 contacts →

Indirect evidence

“Neomile Capital refers to Neomile Group, a diversified financial services group founded by Mr.”

Source: RevenueBase Database · checked Sep 28, 2026
19Partial evidenceMumbai, IndiaHQ checked Sep 28, 202611-5013 contacts →

Partial evidence

“Xponentia was set up to address the paucity of capital in the Indian mid-market corporate sector.”

Source: RevenueBase Database · checked Sep 28, 2026
20Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-5012 contacts →

Indirect evidence

“We are a team of passionate people looking to engage with innovative businesses, provide support in achieving scale, disruption and profitability, unearthing value leading to a…”

Source: RevenueBase Database · checked Sep 28, 2026
21Partial evidenceMumbai, IndiaHQ checked Sep 28, 20261-1011 contacts →

Partial evidence

“Amara Partners is a Mumbai-based mid-market private equity fund that invests in growth-stage companies across sectors such as manufacturing, consumer, financial services, and…”

Source: RevenueBase Database · checked Sep 28, 2026
22Strong evidenceMumbai, IndiaHQ checked Sep 28, 202611-5010 contacts →

Strong evidence

“Think Capital is a mid-market investment bank focusing M&A, Private Equity, Restructurings and Turnaround Advisory.”

Source: RevenueBase Database · checked Sep 28, 2026
23Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-5010 contacts →

Indirect evidence

“Arkfin is a combination of two words “Ark” and “Fin”.*”Ark"* word comes from Noah’s Ark which signifies taking everyone together and “Leaving no one behind”.*”Fin"* word comes the…”

Source: RevenueBase Database · checked Sep 28, 2026
24Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-508 contacts →

Indirect evidence

“Founded in 2008, BanyanTree Finance is the Manager of BanyanTree India Growth Capital Fund and an advisor to the Manager of BanyanTree Growth Capital I & II, Mauritius-based…”

Source: RevenueBase Database · checked Sep 28, 2026
25Partial evidenceMumbai, IndiaHQ checked Sep 28, 202611-507 contacts →

Partial evidence

“We are India’s leading investment bank with expertise in private equity, mergers & acquisitions, & debt syndication, with an exclusive focus on startups & SMEs.”

Source: RevenueBase Database · checked Sep 28, 2026

Showing 25 of 91 lower middle market investment firms based in Mumbai, India

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Lower middle market investment firms based in Mumbai, India at a glance

As of Sep 28, 2026
46.8%Verified-email coverage
14.9Average contacts per company
11-50Median size (employees)
Sep 28, 2026Page data refreshed

Companies by employee count

1-10
39
11-50
42
51-200
9
201-500
1

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 91 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 lower middle market investment 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 Mumbai, India whose own description of what they do matches “lower middle market investment 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 lower middle market investment 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 lower middle market investment firms, 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, 636 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 28, 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.

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 lower middle market investment 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 lower middle market investment firms are there based in Mumbai, India?

RevenueBase identified 91 lower middle market investment firms 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?

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

Which city in India has the most lower middle market investment firms?

Mumbai leads India with 91 headquartered companies, followed by New Delhi (18) and Bangalore (12).

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 636 verified decision-maker contacts tracked across these 91 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 28, 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.