Company lists · Data refreshed October 2026

Top 25 Merchant banking firms based in India

RevenueBase identified 897 company matches for merchant banking firms associated with India as of October 2026 and tracks 28,492 professional contacts across them, including 4,717 with verified work emails. Mumbai is the largest hub.

This list covers company matches for merchant banking 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 October 18, 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 Oct 18, 2026 How this list was built
897Companies
28,492Contacts tracked
4,717Verified emails
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The 25 largest merchant banking firms based in India

Ranked by team size
Top 25 of 897 company matches for merchant banking firms based in India, ordered by professional contacts tracked in RevenueBase, largest first. Recorded Oct 18, 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 Oct 18, 20261,001-5,0002,351 contacts →

Exact match

Recorded description not available.

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
2Exact matchNew Delhi, IndiaHQ recorded Oct 18, 20261,001-5,0002,221 contacts →

Exact match

“Established In 1990, SMC is a well-diversified financial services company in India offering services across brokerage (across the asset classes of equities (cash and derivatives)…”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
3Exact matchMumbai, IndiaHQ recorded Oct 18, 20261,001-5,0001,904 contacts →

Exact match

“IIFL Capital is a full-service financial institution, integrating Wealth Management, Investment Banking, and Institutional Equities on a research-driven platform.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
4Exact matchMumbai, IndiaHQ recorded Oct 18, 20261,001-5,0001,394 contacts →

Exact match

“Ambit is a leading provider of financial advice and capital offering customized solutions in the areas of Investment Banking (Corporate Finance and Equity Capital Markets)…”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
5Exact matchMumbai, IndiaHQ recorded Oct 18, 2026201-500927 contacts →

Exact match

“SBI Capital Markets Limited (SBICAPS) is registered with SEBI as a Category I Merchant Banker (Registration No.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
6Exact matchMumbai, IndiaHQ recorded Oct 18, 2026501-1,000834 contacts →

Exact match

“PL Capital: Powering India's Financial Growth Since 1944 PL Capital Group - Prabhudas Lilladher is one of India's most trusted financial services providers and has been recognised…”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
7Exact matchMumbai, IndiaHQ recorded Oct 18, 2026501-1,000811 contacts →

Exact match

“SEBI Reg No:NSE (CM, F&O) & BSE No:0893 | DP ID: IN300-079/450 | NSE Member No- 07066 | BSE Clg.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
8Exact matchSurat, IndiaHQ recorded Oct 18, 2026501-1,000714 contacts →

Exact match

“NJ IndiaInvest Private Limited is an investment banking company based out of 901, NJ CentreUdna Udyog Nagar, Sangh Sahkari ComplexCentral Road No.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
9Exact matchMumbai, IndiaHQ recorded Oct 18, 2026501-1,000651 contacts →

Exact match

“Founded in Avendus partners with high-performing entrepreneurs, institutions, and wealth creators to discover potential and shape success at every stage of their journey.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
10Exact matchMumbai, IndiaHQ recorded Oct 18, 2026201-500565 contacts →

Exact match

“TRUST Group is India’s leading institutionalized multi-line and multi-asset financial services platform ranging across investment banking solutions, capital market services…”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
11Exact matchMumbai, IndiaHQ recorded Oct 18, 2026501-1,000529 contacts →

Exact match

“Monarch Networth Capital (MNCL) is a diversified financial services firm built on a single promise: Value Creation.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
12Exact matchMumbai, IndiaHQ recorded Oct 18, 20261,001-5,000473 contacts →

Exact match

“Nuvama Group (formerly Edelweiss Wealth Management) is backed by the trust and reputation earned through over 25+ years in the Indian market and strengthened by a global…”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
13Exact matchNew Delhi, IndiaHQ recorded Oct 18, 2026201-500427 contacts →

Exact match

“Founded in 1995, SPA Group has positioned itself as one of India’s leading financial advisory firms.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
14Exact matchMumbai, IndiaHQ recorded Oct 18, 2026201-500362 contacts →

Exact match

“ENAM is one of India's leading investment banks.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
15Exact matchGurgaon, IndiaHQ recorded Oct 18, 2026201-500319 contacts →

Exact match

“Resurgent is a top-tier financial advisory firm for SMEs and large corporates in India.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
16Exact matchMumbai, IndiaHQ recorded Oct 18, 2026201-500318 contacts →

Exact match

“Ashika is India's one of the leading retail financial services group.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
17Exact matchMumbai, IndiaHQ recorded Oct 18, 202651-200301 contacts →

Exact match

“Incorporated in 1991, Kotak Investment Banking is a leading full-service investment bank in India offering integrated solutions encompassing high-quality financial advisory…”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
18Exact matchMumbai, IndiaHQ recorded Oct 18, 2026501-1,000261 contacts →

Exact match

“Founded in 2007, Equirus Group is a leading full-service financial services firm offering expertise across Investment Banking, Institutional Equities, Asset Management, Capital…”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
19Exact matchMumbai, IndiaHQ recorded Oct 18, 2026201-500169 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 · Oct 18, 2026 · View company records in RevenueBase
20Exact matchMumbai, IndiaHQ recorded Oct 18, 202651-200156 contacts →

Exact match

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

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
21Exact matchAhmedabad, IndiaHQ recorded Oct 18, 202651-200137 contacts →

Exact match

“Opulence Business solutions is an integrated one stop consulting firm engaged in Investment banking and Strategic management consulting.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
22Exact matchBangalore, IndiaHQ recorded Oct 18, 2026201-500122 contacts →

Exact match

“Allegro Capital is a comprehensive Investment Bank that comes with years of expertise in offering financial solutions and advisory services across the corporate world.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
23Exact matchMumbai, IndiaHQ recorded Oct 18, 202651-200102 contacts →

Exact match

“Singhi Advisors is a global investment banking firm, focused on providing merger, acquisition, divestiture & corporate advisory services to domestic & international organizations.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
24Exact matchMumbai, IndiaHQ recorded Oct 18, 202651-20090 contacts →

Exact match

“Capwise Group comprises Capwise Financial Services Private Limited (Investment Banking & Advisory), Capwise Finance Private Limited (RBI-registered NBFC), Capwise Wealth…”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase
25Exact matchHyderabad, IndiaHQ recorded Oct 18, 202611-5089 contacts →

Exact match

“Established in 2014, Upwisery is a multi-disciplinary professional advisory and financial services firm.”

Recorded in the RevenueBase company graph · Oct 18, 2026 · View company records in RevenueBase

Showing 25 of 897 merchant banking firms based in India

See the full list, filter by size, metro and specialty, and access 4,717 tracked professional contacts with verified work emails. Direct dials are available where recorded.

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Merchant banking firms based in India at a glance

As of Oct 18, 2026
16.6%Verified-email coverage
31.8Average contacts per company
11-50Median size (employees)
30.0%Largest-city concentration · Mumbai
Oct 18, 2026Page data refreshed

Companies by employee count

1-10
394
11-50
359
51-200
83
201-500
38
501-1,000
9
1,001-5,000
10
5,001-10,000
2

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 897 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 “merchant banking 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 4,717 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 October 18, 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 “merchant banking firms”; each Exact match badge shows search membership, not an individual similarity or quality score.

How many merchant banking firms are there based in India?

RevenueBase identified 897 company matches for merchant banking firms associated with India as of October 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?

JM Financial LTD tops the displayed preview by professional contacts tracked in RevenueBase. Recorded headquarters appear in the company rows.

Which city has the most merchant banking firms?

Mumbai leads with 269 company records, followed by New Delhi (83) and Bangalore (50).

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 4,717 professional contacts with verified work emails tracked across these 897 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 October 18, 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.