Company lists · Data refreshed September 2026

Top 25 Market research and strategy firms based in Mumbai, India

Name: Market research and strategy firms based in Mumbai, India
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 28, 2026 238 companies tracked

RevenueBase identified 238 market research and strategy firms headquartered in Mumbai, India as of September 2026 and tracks 2,619 professional contacts across them, including 624 with verified work emails. Across India, Pune is the largest hub for this category (313 companies); Mumbai follows with 238.

This list covers market research and strategy 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

238Companies

2,619Contacts tracked

624Verified emails

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The 25 largest market research and strategy firms based in Mumbai, India

Ranked by team size

Top 25 of 238 market research and strategy 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 market research and strategy 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.
#	Company	RevenueBase Smart Search	Headquarters	Employees	Contacts
1	Aranca	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	501-1,000	734 contacts →
	Strong evidence “We are a global research analytics and advisory firm with over 20 years of experience in helping organizations take strategic business and investment decisions fearlessly and with…” Source: RevenueBase Database · checked Sep 28, 2026
2	Brandscapes Worldwide	Partial evidence	Mumbai, IndiaHQ checked Sep 28, 2026	201-500	335 contacts →
	Partial evidence “Brandscapes leverages the power of advanced data science tools and the practical marketing and communication planning expertise to distill actionable marketing insights.” Source: RevenueBase Database · checked Sep 28, 2026
3	Mercadeo	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	51-200	240 contacts →
	Strong evidence “Mercadeo strategies are embedded in a sound foundation of proven, time tested business fundamentals, a deep understanding of different market dynamics and intimate knowledge of…” Source: RevenueBase Database · checked Sep 28, 2026
4	Synapse Marketing Consultancy Pvt. LTD	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	72 contacts →
	Strong evidence “At Synapse, we ideate with the world’s best companies to develop marketing strategies & creative communications, for brands to consistently grow and deliver positive results.” Source: RevenueBase Database · checked Sep 28, 2026
5	Epitome Research Services	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	44 contacts →
	Strong evidence “Epitome research services is a full service market research agency.” Source: RevenueBase Database · checked Sep 28, 2026
6	A&b Luxury	Indirect evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	44 contacts →
	Indirect evidence “A&B Luxury is a consulting and media firm for luxury & premium brands with a global footprint spanning Riyadh, Dubai, Mumbai, Brisbane & London.” Source: RevenueBase Database · checked Sep 28, 2026
7	ONE Paper	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	43 contacts →
	Strong evidence “We specialize in conducting in-depth market research & analysis for our clients to help them make more informed business decisions.” Source: RevenueBase Database · checked Sep 28, 2026
8	Dg7	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	32 contacts →
	Strong evidence “DG7 Solutions is an analytics-focused, research-based consulting partner for medium and large organizations offering end-to-end Digital Marketing Solutions.” Source: RevenueBase Database · checked Sep 28, 2026
9	ABI Analytics	Indirect evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	26 contacts →
	Indirect evidence “ABI ANALYTICS: ACTIONABLE BUSINESS INSIGHTS, ANALYTICS & ADVISORY Actionable insights have always been a source of competitive advantage for corporate.” Source: RevenueBase Database · checked Sep 28, 2026
10	Nuance Consultancy	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	1-10	19 contacts →
	Strong evidence “Nuance Consultancy is a strategic marketing and communications consultancy focused on delivering a degree of difference in value, design and quality for our clients in the…” Source: RevenueBase Database · checked Sep 28, 2026
11	Cogitaas	Partial evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	18 contacts →
	Partial evidence “We are an advanced Analytics and Strategy Planning firm that specializes in decision support and optimization strategies for sustained growth and profitability.” Source: RevenueBase Database · checked Sep 28, 2026
12	Wireaxis Private Limited	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	51-200	18 contacts →
	Strong evidence “Wireaxis is a fastest growing market research agency founded by a group of young, dynamic, enthusiastic and experienced professionals.” Source: RevenueBase Database · checked Sep 28, 2026
13	PAR Marketing	Partial evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	17 contacts →
	Partial evidence “At Par Marketing, we redefine expectations.” Source: RevenueBase Database · checked Sep 28, 2026
14	Nett Value PVT LTD	Partial evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	15 contacts →
	Partial evidence “Nett Value was incorporated in 2013, based on the insight that brands do not need simple advertising efficiency; but effective communication that lead to delivery of marketing /…” Source: RevenueBase Database · checked Sep 28, 2026
15	Magic9 Media & Analytics Pvt. LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	13 contacts →
	Indirect evidence “Magic9 Media & Consumer Knowledge Pvt.” Source: RevenueBase Database · checked Sep 28, 2026
16	Eleveight	Partial evidence	Mumbai, IndiaHQ checked Sep 28, 2026	1-10	13 contacts →
	Partial evidence “Eleveight is a new-age Research & Consulting firm built on rigor and real-world insights.” Source: RevenueBase Database · checked Sep 28, 2026
17	QUEST	Indirect evidence	Mumbai, IndiaHQ checked Sep 28, 2026	1-10	13 contacts →
	Indirect evidence “Quest is a management consulting firm that has been in operation in India since Quest was formed by professionals with careers in investment banking, private banking, securities…” Source: RevenueBase Database · checked Sep 28, 2026
18	Value Prism Consulting	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	11 contacts →
	Strong evidence “Value Prism Consulting is a leading strategic marketing and management consulting firm that specializes in market entry, business growth, local incubation & management services.” Source: RevenueBase Database · checked Sep 28, 2026
19	The Tribal BOX	Partial evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	11 contacts →
	Partial evidence “We help Cr brands turn marketing chaos into predictable, profitable growth.” Source: RevenueBase Database · checked Sep 28, 2026
20	MAS Insights	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	1-10	10 contacts →
	Strong evidence “Mas Insights is an Independent Market Research Company which offers end-to-end solutions for Market Research Services across the Globe.” Source: RevenueBase Database · checked Sep 28, 2026
21	Market Resonance - India	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	10 contacts →
	Strong evidence “Market Resonance - India is a market research company based out of 203 Guru Gobind Singh Industrial Estate, Off The Western Express Highway, Goregaon-E, Mumbai, Maharashtra, India.” Source: RevenueBase Database · checked Sep 28, 2026
22	Elite Market Research Private Limited	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	9 contacts →
	Strong evidence “ELITE MARKET RESEARCH PRIVATE LIMITED is a company based out of J-3/147, Second Floor Rajauri Garden, New Delhi-110027 New, Delhi, Delhi, India.” Source: RevenueBase Database · checked Sep 28, 2026
23	The Yellow Compass	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	1-10	8 contacts →
	Strong evidence “The Yellow Compass is a full - service digital marketing and research agency, where experience meets experiments, creativity meets clarity of thought, and innovation meets…” Source: RevenueBase Database · checked Sep 28, 2026
24	TWO Cents Consulting	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	11-50	8 contacts →
	Strong evidence “Two Cents provides overall strategy and marketing solutions for companies across industries.” Source: RevenueBase Database · checked Sep 28, 2026
25	Azul Research Advisory & Support Services	Strong evidence	Mumbai, IndiaHQ checked Sep 28, 2026	1-10	7 contacts →
	Strong evidence “Market research based advice in across sectors viz.” Source: RevenueBase Database · checked Sep 28, 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: market research and strategy 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 market research and strategy firms.
Partial evidence: Its own public description names part of market research and strategy firms, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name market research and strategy 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 238 market research and strategy firms based in Mumbai, India

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Market research and strategy firms based in Mumbai, India at a glance

As of Sep 28, 2026

23.8%Verified-email coverage

11.0Average contacts per company

1-10Median size (employees)

Sep 28, 2026Page data refreshed

Companies by employee count

1-10

132

11-50

51-200

201-500

501-1,000

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 238 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 market research and strategy 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 “market research and strategy 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 market research and strategy 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 market research and strategy 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, 624 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.

Market research and strategy firms by metro in India

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 market research and strategy 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 market research and strategy firms are there based in Mumbai, India?

RevenueBase identified 238 market research and strategy 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?

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

Which city in India has the most market research and strategy firms?

Pune leads India with 313 headquartered companies, followed by Mumbai (238) and New Delhi (220).

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 624 verified decision-maker contacts tracked across these 238 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.