Company lists · Data refreshed September 2026

Top 25 Research firms based in Mumbai, India

Name: Research firms based in Mumbai, India
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 21, 2026 184 companies tracked

RevenueBase identified 184 research firms headquartered in Mumbai, India as of September 2026 and tracks 4,673 professional contacts across them, including 909 with verified work emails. Pune is the largest hub.

This list covers research 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

184Companies

4,673Contacts tracked

909Verified emails

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The 25 largest research firms based in Mumbai, India

Ranked by team size

Top 25 of 184 research 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 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 21, 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 21, 2026
2	TAM Media Research Pvt. LTD	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	501-1,000	669 contacts →
	Strong evidence “TAM Media Research, is a 50:50 joint venture between two global media research organizations, Nielsen & Kantar Media Research.” Source: RevenueBase Database · checked Sep 21, 2026
3	Ascentrik Research PVT LTD	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	201-500	564 contacts →
	Strong 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
4	AGR Knowledge Services PVT LTD	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	201-500	309 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
5	Axis MY India	Indirect evidence	Mumbai, IndiaHQ checked Sep 21, 2026	1,001-5,000	296 contacts →
	Indirect evidence “Axis My India is India’s foremost Consumer Data Intelligence Company, which believes in fueling data driven decision making.” Source: RevenueBase Database · checked Sep 21, 2026
6	Phillipcapital India	Indirect evidence	Mumbai, IndiaHQ checked Sep 21, 2026	201-500	268 contacts →
	Indirect evidence “PhillipCapital India Pvt.” Source: RevenueBase Database · checked Sep 21, 2026
7	Report Prime	Indirect evidence	Mumbai, IndiaHQ checked Sep 21, 2026	51-200	265 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
8	Axience	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	51-200	156 contacts →
	Strong 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
9	Fieldglobal Market Research PVT LTD	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	201-500	139 contacts →
	Strong evidence “We are a global provider of end-to-end Market Research & Fieldwork solutions.” Source: RevenueBase Database · checked Sep 21, 2026
10	Quantum Information Services Private Limited	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	51-200	47 contacts →
	Strong 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
11	Epitome Research Services	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	11-50	44 contacts →
	Strong evidence “Epitome research services is a full service market research agency.” Source: RevenueBase Database · checked Sep 21, 2026
12	ONE Paper	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 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 21, 2026
13	Northstar Analytics	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	51-200	42 contacts →
	Strong 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
14	The Core	Indirect evidence	Mumbai, IndiaHQ checked Sep 21, 2026	1-10	28 contacts →
	Indirect evidence “Views, Insights And Investigations in Business, Tech and Finance” Source: RevenueBase Database · checked Sep 21, 2026
15	Perusal Global	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	11-50	27 contacts →
	Strong evidence “A leading research and consulting firm emulating the process of growth over the last 12 years.” Source: RevenueBase Database · checked Sep 21, 2026
16	ABI Analytics	Indirect evidence	Mumbai, IndiaHQ checked Sep 21, 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 21, 2026
17	Stratzy AI	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	11-50	26 contacts →
	Strong evidence “Stratzy - Trade with a gameplan Stratzy is a SEBI-registered stock market research house helping Indian Investors and Traders make optimum decisions.” Source: RevenueBase Database · checked Sep 21, 2026
18	Wireaxis Private Limited	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 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 21, 2026
19	Magic9 Media & Analytics Pvt. LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 21, 2026	11-50	13 contacts →
	Indirect evidence “Magic9 Media & Consumer Knowledge Pvt.” Source: RevenueBase Database · checked Sep 21, 2026
20	Eleveight	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	1-10	13 contacts →
	Strong evidence “Eleveight is a new-age Research & Consulting firm built on rigor and real-world insights.” Source: RevenueBase Database · checked Sep 21, 2026
21	MAS Insights	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 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 21, 2026
22	Market Resonance - India	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 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 21, 2026
23	Elite Market Research Private Limited	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 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 21, 2026
24	Marlin Research	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	11-50	9 contacts →
	Strong evidence “Marlin Research believes in Quality over quantity.” Source: RevenueBase Database · checked Sep 21, 2026
25	Quantify Capital	Strong evidence	Mumbai, IndiaHQ checked Sep 21, 2026	1-10	8 contacts →
	Strong evidence “Quantify Capital is a quantitative research firm with a strong focus on building quantitative investment models to generate stable and consistent alpha.” Source: RevenueBase Database · checked Sep 21, 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: research 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 research firms.
Partial evidence: Its own public description names part of research firms, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name research 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 184 research firms based in Mumbai, India

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Research firms based in Mumbai, India at a glance

As of Sep 21, 2026

19.5%Verified-email coverage

25.4Average contacts per company

11-50Median size (employees)

181.5%Largest-city concentration · Pune

Sep 21, 2026Page data refreshed

Companies by employee count

1-10

11-50

51-200

201-500

501-1,000

1,001-5,000

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 184 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 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 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 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 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, 909 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.

Research 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 research 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 firms are there based in Mumbai, India?

RevenueBase identified 184 research 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 has the most research firms?

Pune leads with 334 headquartered companies, followed by New Delhi (217) and Mumbai (184).

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 909 verified decision-maker contacts tracked across these 184 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.