Company lists · Data refreshed September 2026

Top 25 Research and advisory firms based in Mumbai, India

RevenueBase identified 346 research and advisory firms headquartered in Mumbai, India as of September 2026 and tracks 5,982 professional contacts across them, including 1,538 with verified work emails. Pune is the largest hub.

This list covers research and advisory 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 21, 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 21, 2026 86% judged on-target in blind review
346Companies
5,982Contacts tracked
1,538Verified emails
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The 25 largest research and advisory firms based in Mumbai, India

Ranked by team size
Top 25 of 346 research and advisory firms based in Mumbai, India, ranked by team size, largest first. Data refreshed Sep 21, 2026. RevenueBase Smart Search rates how each company's information relates to research and advisory 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 21, 2026501-1,000816 contacts →

Indirect evidence

“Connect and Converse with likeminded people, Contribute and share your thoughts.”

Source: RevenueBase Database · checked Sep 21, 2026
2Strong evidenceMumbai, IndiaHQ checked Sep 21, 2026501-1,000734 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 21, 2026
3Partial evidenceMumbai, IndiaHQ checked Sep 21, 2026201-500564 contacts →

Partial evidence

“Over the last 15 years Ascentrik Research has served top companies in Europe, US, Middle East, Africa and Asia, across multiple industries and sectors, from 3 facilities in India.”

Source: RevenueBase Database · checked Sep 21, 2026
4Strong evidenceMumbai, IndiaHQ checked Sep 21, 2026201-500309 contacts →

Strong evidence

“AGR is a specialist research, analytics, and advisory firm that helps clients with custom knowledge solutions to identify and realize global market growth opportunities…”

Source: RevenueBase Database · checked Sep 21, 2026
5Indirect evidenceMumbai, IndiaHQ checked Sep 21, 202651-200265 contacts →

Indirect evidence

“Report Prime has been founded with the fundamental belief to change the world by words.”

Source: RevenueBase Database · checked Sep 21, 2026
6Indirect evidenceMumbai, IndiaHQ checked Sep 21, 202651-200212 contacts →

Indirect evidence

“Where rich legacy and modern approach come together.”

Source: RevenueBase Database · checked Sep 21, 2026
7Indirect evidenceMumbai, IndiaHQ checked Sep 21, 2026201-500196 contacts →

Indirect evidence

“Waaree Energies Private Limited is a management consulting company based out of 602, 6th FloorWestern Edge - IWestern Express Highway, Mumbai, India.”

Source: RevenueBase Database · checked Sep 21, 2026
8Partial evidenceMumbai, IndiaHQ checked Sep 21, 202651-200163 contacts →

Partial evidence

“Parag Parikh Financial Advisory Services Ltd.”

Source: RevenueBase Database · checked Sep 21, 2026
9Partial evidenceMumbai, IndiaHQ checked Sep 21, 202651-200156 contacts →

Partial evidence

“Axience is a specialist business services firm providing research, analytics and intelligence services to all pillars of the financial services industry, consultancy, governmental…”

Source: RevenueBase Database · checked Sep 21, 2026
10Indirect evidenceMumbai, IndiaHQ checked Sep 21, 2026201-500117 contacts →

Indirect evidence

“Pioneer Investcorp (PINC) is one of India’s leading investment Bankers and Institutional Brokers.”

Source: RevenueBase Database · checked Sep 21, 2026
11Partial evidenceMumbai, IndiaHQ checked Sep 21, 202651-20073 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 21, 2026
12Partial evidenceMumbai, IndiaHQ checked Sep 21, 202651-20047 contacts →

Partial evidence

“Trusted by a million members worldwide, Equitymaster is a leading financial research firm that offers independent, unbiased, and actionable insights on the Indian stock market.”

Source: RevenueBase Database · checked Sep 21, 2026
13Indirect evidenceMumbai, IndiaHQ checked Sep 21, 202651-20046 contacts →

Indirect evidence

“What We Do: We advise the leaders of today on the most critical issues and present crucial opportunities to enable them to make better decisions, convert such decisions to actions…”

Source: RevenueBase Database · checked Sep 21, 2026
14Indirect evidenceMumbai, IndiaHQ checked Sep 21, 202651-20043 contacts →

Indirect evidence

Source: RevenueBase Database · checked Sep 21, 2026
15Partial evidenceMumbai, IndiaHQ checked Sep 21, 202611-5043 contacts →

Partial 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 21, 2026
16Partial evidenceMumbai, IndiaHQ checked Sep 21, 202651-20042 contacts →

Partial evidence

“Northstar Analytics provides high-quality, consistent, and cost-effective investment research and analytical support to asset managers (public equity, private equity, venture…”

Source: RevenueBase Database · checked Sep 21, 2026
17Partial evidenceMumbai, IndiaHQ checked Sep 21, 202611-5040 contacts →

Partial evidence

“Go India Advisors (GIA) is an Investor Access company providing holistic solution.”

Source: RevenueBase Database · checked Sep 21, 2026
18Partial evidenceMumbai, IndiaHQ checked Sep 21, 202651-20038 contacts →

Partial evidence

“Strategy advisory for metals, mining & industrial value chains.”

Source: RevenueBase Database · checked Sep 21, 2026
19Partial evidenceMumbai, IndiaHQ checked Sep 21, 202611-5038 contacts →

Partial evidence

“At Walter Advisors, we believe that businesses deserve more than just guidance, they deserve a trusted partner through every critical decision.”

Source: RevenueBase Database · checked Sep 21, 2026
20Strong evidenceMumbai, IndiaHQ checked Sep 21, 202611-5033 contacts →

Strong evidence

“Omkara Capital, SEBI registered research advisory.”

Source: RevenueBase Database · checked Sep 21, 2026
21Indirect evidenceMumbai, IndiaHQ checked Sep 21, 202611-5031 contacts →

Indirect evidence

“Ekvity, is a very unique fusion.”

Source: RevenueBase Database · checked Sep 21, 2026
22Partial evidenceMumbai, IndiaHQ checked Sep 21, 202611-5030 contacts →

Partial evidence

“Welcome to Phantom Advisory!”

Source: RevenueBase Database · checked Sep 21, 2026
23Indirect evidenceMumbai, IndiaHQ checked Sep 21, 20261-1028 contacts →

Indirect evidence

“Views, Insights And Investigations in Business, Tech and Finance”

Source: RevenueBase Database · checked Sep 21, 2026
24Strong evidenceMumbai, IndiaHQ checked Sep 21, 202611-5027 contacts →

Strong evidence

“Noesis Capital Advisors is India's leading hospitality focused research and advisory firm.”

Source: RevenueBase Database · checked Sep 21, 2026
25Partial evidenceMumbai, IndiaHQ checked Sep 21, 202611-5027 contacts →

Partial evidence

“A leading research and consulting firm emulating the process of growth over the last 12 years.”

Source: RevenueBase Database · checked Sep 21, 2026

Showing 25 of 346 research and advisory firms based in Mumbai, India

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Research and advisory firms based in Mumbai, India at a glance

As of Sep 21, 2026
25.7%Verified-email coverage
17.3Average contacts per company
1-10Median size (employees)
114.7%Largest-city concentration · Pune
Sep 21, 2026Page data refreshed

Companies by employee count

1-10
185
11-50
118
51-200
31
201-500
10
501-1,000
2

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 346 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 research and advisory 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 “research and advisory 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 research and advisory 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 research and advisory 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, 1,538 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 21, 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 research and advisory 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 research and advisory firms are there based in Mumbai, India?

RevenueBase identified 346 research and advisory 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?

Emkay Global Financial Services LTD, headquartered in Mumbai, tops this list with the largest team on record.

Which city has the most research and advisory firms?

Pune leads with 397 headquartered companies, followed by Mumbai (346) and New Delhi (332).

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 1,538 verified decision-maker contacts tracked across these 346 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 21, 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.