Company lists · Data refreshed September 2026

Top 25 Merchant banks based in New Delhi, India

Name: Merchant banks based in New Delhi, India
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 17, 2026 122 companies tracked

RevenueBase identified 122 merchant banks headquartered in New Delhi, India as of September 2026 and tracks 1,846 professional contacts across them, including 210 with verified work emails. Mumbai is the largest hub.

This list covers merchant banks headquartered in New Delhi, 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 17, 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 17, 2026 86% judged on-target in blind review

122Companies

1,846Contacts tracked

210Verified emails

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The 25 largest merchant banks based in New Delhi, India

Ranked by team size

Top 25 of 122 merchant banks based in New Delhi, India, ranked by team size, largest first. Data refreshed Sep 17, 2026. RevenueBase Smart Search rates how each company's information relates to merchant banks: 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	Almondz	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	501-1,000	473 contacts →
	Indirect evidence “Almondz brings together industry expertise, human capabilities and domain experience to capture and accomplish the biggest opportunities in business alongside monitoring the risk…” Source: RevenueBase Database · checked Sep 17, 2026
2	SPA Capital Services LTD	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	201-500	408 contacts →
	Indirect evidence “Founded in 1995, SPA Group has positioned itself as one of India’s leading financial advisory firms.” Source: RevenueBase Database · checked Sep 17, 2026
3	Unified Vision Capital Pvt. LTD	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	51-200	82 contacts →
	Indirect evidence “A global Financial Service Company head quartered in New Delhi, India.” Source: RevenueBase Database · checked Sep 17, 2026
4	B R Maheswari & CO LLP	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	51-200	79 contacts →
	Indirect evidence “Established in 1964, B R Maheswari & Co LLP is a leading Delhi based professional services organisation offering Financial Advisory, Corporate Finance, Tax Advisory, Audit and…” Source: RevenueBase Database · checked Sep 17, 2026
5	Goldrush Capital Services Pvt. LTD	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	51-200	60 contacts →
	Indirect evidence “Goldrush Capital Services Pvt.” Source: RevenueBase Database · checked Sep 17, 2026
6	Corpacumen Advisors LLP	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	38 contacts →
	Indirect evidence “CorpAcumen is a full service financial and business consulting firm founded by proficient and seasoned professionals having years of experience in serving diversified industries.” Source: RevenueBase Database · checked Sep 17, 2026
7	Finlinkers Solutions	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	51-200	34 contacts →
	Indirect evidence “Finlinker is a corporate entity promoted by group of Company Secretaries, Chartered Accountants and Finance professionals which proudly acts a professional link between the…” Source: RevenueBase Database · checked Sep 17, 2026
8	TFS Business Advisors India Private Limited	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	25 contacts →
	Indirect evidence “Founded in 2006 by a group of experienced professionals, TFS is a leading investment banking and business advisory firm delivering financial and strategic solutions to business…” Source: RevenueBase Database · checked Sep 17, 2026
9	Valpro	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	25 contacts →
	Indirect evidence “Financial services group with an emphasis on quality and lengevity of relationships.” Source: RevenueBase Database · checked Sep 17, 2026
10	X-B4 Advisory LLP	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	19 contacts →
	Indirect evidence “At X-B4, we're more than just bankers – we're partners in your journey to success.” Source: RevenueBase Database · checked Sep 17, 2026
11	PNB Investment Services LTD	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	19 contacts →
	Indirect evidence “PNB Investment Services Limited (PNBISL) a new wholly owned subsidiary of PNB.” Source: RevenueBase Database · checked Sep 17, 2026
12	Afii Corp	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	18 contacts →
	Indirect evidence “AFII was founded in the year 1996 to provide Project Finance advisory services as also to manage group investments.” Source: RevenueBase Database · checked Sep 17, 2026
13	Transjovan Capital	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	12 contacts →
	Indirect evidence “Transjovan Capital is a global specialist in Corporate Development, providing independent Strategic and M&A support to large acquisitive enterprises and emerging high‑growth…” Source: RevenueBase Database · checked Sep 17, 2026
14	Integrated Capital Services Limited	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	1-10	11 contacts →
	Indirect evidence “Integrated Capital Services Limited (ICSL) is a limited liability company with its securities listed at the Bombay Stock Exchange, rendering corporate advisory and consulting…” Source: RevenueBase Database · checked Sep 17, 2026
15	Maple Capital Advisors	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	1-10	10 contacts →
	Indirect evidence “Maple Capital Advisors Private Limited is a boutique investment bank based in New Delhi, focused on mergers & acquisitions, private equity and growth capital advisory, and…” Source: RevenueBase Database · checked Sep 17, 2026
16	Onetoone ILO Consulting	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	10 contacts →
	Indirect evidence “ONEtoONE ILO Consulting is a leading global business advisory firm specialist adroit at creating value for clients’ businesses.” Source: RevenueBase Database · checked Sep 17, 2026
17	Hansuttam Finance Limited HFL	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	10 contacts →
	Indirect evidence “Hansuttam Finance Ltd.(HFL) is a leading boutique investment bank based in New Delhi, India that is focused in infrastructure and real estate sectors.” Source: RevenueBase Database · checked Sep 17, 2026
18	Misha Capital	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	9 contacts →
	Indirect evidence “Investment Banking Advisory firm based in Delhi, India; 20+ years old.” Source: RevenueBase Database · checked Sep 17, 2026
19	Finval Research & Consultancy	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	1-10	9 contacts →
	Indirect evidence “FinVal Research & Consultancy is a boutique consulting firm focused on providing valuation services.” Source: RevenueBase Database · checked Sep 17, 2026
20	Staava	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	8 contacts →
	Indirect evidence “We aspire to be the leading trusted advisor to our clients, which include corporations, financial institutions, startups, governments and public authorities.” Source: RevenueBase Database · checked Sep 17, 2026
21	Creditworks	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	1-10	7 contacts →
	Indirect evidence “CreditWorks is a leading advisor specializing in Credit Rating Advisory, Capital Raising and Strategic Business Advisory.” Source: RevenueBase Database · checked Sep 17, 2026
22	Trendlinez	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	1-10	6 contacts →
	Indirect evidence “We are an investment banking company who are a financial hub for all investment based solutions as well as corporate services.” Source: RevenueBase Database · checked Sep 17, 2026
23	Alamak Capital Advisors	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	6 contacts →
	Indirect evidence “Established in 2012, Alamak Capital is an Investment Banking Firm operating under three verticals: Equity, Debt and Advisory.” Source: RevenueBase Database · checked Sep 17, 2026
24	Ascent Pinnacle Capital	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	11-50	6 contacts →
	Indirect evidence “Ascent Pinnacle Capital is a full-service investment bank specialising in structured credit, bridge financing, and rating-linked capital advisory for India's large and mid-market…” Source: RevenueBase Database · checked Sep 17, 2026
25	Madhav Consultants Private Limited	Indirect evidence	New Delhi, IndiaHQ checked Sep 17, 2026	1-10	5 contacts →
	Indirect evidence “Madhav Consultants Private Limited (MCPL) is a premier strategy and business advisory firm offering specialised services in Private Equity, Syndication, M&A, Structured Finance…” Source: RevenueBase Database · checked Sep 17, 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: merchant banks. 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 merchant banks.
Partial evidence: Its own public description names part of merchant banks, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name merchant banks. 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 122 merchant banks based in New Delhi, India

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Merchant banks based in New Delhi, India at a glance

As of Sep 17, 2026

11.4%Verified-email coverage

15.1Average contacts per company

11-50Median size (employees)

260.7%Largest-city concentration · Mumbai

Sep 17, 2026Page data refreshed

Companies by employee count

1-10

11-50

51-200

201-500

501-1,000

Email recency for this list is measured across the whole India list rather than for New Delhi, so it is reported there. Company counts and contact totals on this page are exact for New Delhi, over 122 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 merchant banks, 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 New Delhi, India whose own description of what they do matches “merchant banks”. 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 merchant banks), 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 merchant banks, and records with no verified work email. Companies headquartered outside New Delhi 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, 210 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 17, 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.

Merchant banks 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 merchant banks, 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 merchant banks are there based in New Delhi, India?

RevenueBase identified 122 merchant banks headquartered in New Delhi, 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?

Almondz, headquartered in New Delhi, tops this list with the largest team on record.

Which city has the most merchant banks?

Mumbai leads with 318 headquartered companies, followed by New Delhi (122) and Pune (51).

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 210 verified decision-maker contacts tracked across these 122 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 17, 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.