Company lists · Data refreshed November 2026

Top 22 Shadow banks based in India

RevenueBase identified 102 company matches for shadow banks associated with India as of November 2026 and tracks 63,576 professional contacts across them, including 5,735 with verified work emails. Mumbai is the largest hub.

This list covers company matches for shadow banks 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 November 6, 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 Nov 6, 2026 How this list was built
102Companies
63,576Contacts tracked
5,735Verified emails
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The 22 largest shadow banks based in India

Ranked by team size
Top 22 of 102 company matches for shadow banks based in India, ordered by professional contacts tracked in RevenueBase, largest first. Recorded Nov 6, 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 Nov 6, 202610001+47,521 contacts →

Exact match

“HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an Aspirational India, serving both Individual & Business…”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
2Exact matchMumbai, IndiaHQ recorded Nov 6, 202610001+8,798 contacts →

Exact match

“Piramal Finance Limited (Formerly known as Piramal Capital & Housing Finance Limited), is engaged in financial services business.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
3Exact matchMumbai, IndiaHQ recorded Nov 6, 20261,001-5,0002,245 contacts →

Exact match

“SBFC Finance Limited headquartered in Mumbai, is a new-age financial services institution focused on providing credit to small businesses and consumers.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
4Exact matchChennai, IndiaHQ recorded Nov 6, 20261,001-5,0001,200 contacts →

Exact match

“Despite the numerous advancements that India has achieved over the last few decades and the significant strides that we as a country have made in the domain of financial services…”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
5Exact matchGurgaon, IndiaHQ recorded Nov 6, 2026501-1,000178 contacts →

Exact match

“Abhiyan Capital(India) Pvt Ltd ( Formerly known as Dowell Fiscal Services Pvt Ltd) is an RBI-registered Non-Banking Financial Company (NBFC)With its corporate headquarters nestled…”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
6Exact matchMumbai, IndiaHQ recorded Nov 6, 202651-20077 contacts →

Exact match

“At Monedo Financial Services, we’re more than a Non-Banking Financial Company, we’re your strategic partner in financial empowerment.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
7Exact matchChennai, IndiaHQ recorded Nov 6, 202651-20071 contacts →

Exact match

“Prayaan Capital is a growing NBFC with a vision to provide small business loans for the under served, to build their capabilities and grow their business.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
8Exact matchThrissur, IndiaHQ recorded Nov 6, 202651-20065 contacts →

Exact match

“Dhanalakshmi Hirepurchase and Leasing Ltd.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
9Exact matchNew Delhi, IndiaHQ recorded Nov 6, 202651-20058 contacts →

Exact match

“We are a registered NBFC, founded by renowned industry professionals and with strong backing by marquee international investors.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
10Exact matchBangalore, IndiaHQ recorded Nov 6, 202611-5025 contacts →

Exact match

“SFPL is a modern-day financial services institution focused on providing credit to small businesses and consumers.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
11Exact matchMumbai, IndiaHQ recorded Nov 6, 202611-5014 contacts →

Exact match

“Man Investment Services Pvt Ltd is part of Man Investments Group offering Financial Services since 1997 promoted by Mr Kamal Mehta, CA and Mrs.Manisha Mehta (MBA-Finance).”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
12Exact matchGurgaon, IndiaHQ recorded Nov 6, 202611-5012 contacts →

Exact match

“SPG Fincap Global Pvt Ltd is the Finance arm of SPG Group and RBI registered NBFC.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
13Exact matchDelhi, IndiaHQ recorded Nov 6, 202651-20011 contacts →

Exact match

“Established in October 2016, Mufin Finance is a lending platform 100% committed to build businesses by providing access to finance and banking solutions to our society’s unserved…”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
14Exact matchNew Delhi, IndiaHQ recorded Nov 6, 202651-20010 contacts →

Exact match

“Cash Suvidha is trade name of Usha Financial with an aim to uplift the families who do not have access to banking services as well as SMEs.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
15Exact matchMumbai, IndiaHQ recorded Nov 6, 202611-5010 contacts →

Exact match

“Getting a loan in the current banking system is tedious process hence Easy Money Services makes it easy for you to get the best product from the multiple variants available in the…”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
16Exact matchMumbai, IndiaHQ recorded Nov 6, 202611-5010 contacts →

Exact match

“Anupam Finserv is a trusted non-banking financial company (NBFC) offering comprehensive loan services tailored to meet the diverse financial needs of individuals and businesses.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
17Exact matchBangalore, IndiaHQ recorded Nov 6, 202611-504 contacts →

Exact match

“Right financing can form the backbone of not just businesses, but of banking and the economy as a whole.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
18Exact matchMumbai, IndiaHQ recorded Nov 6, 202611-504 contacts →

Exact match

“Established in 2011, LoanTalk Advisory is a premier financial services provider offering a wide range of loans to meet the financial needs of both individuals and businesses.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
19Exact matchChennai, IndiaHQ recorded Nov 6, 20261-103 contacts →

Exact match

“Incept Business Solutions Empowering Possibilities Incept Business Solutions is a professional financial services company specializing in helping individuals, professionals, and…”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
20Exact matchBangalore, IndiaHQ recorded Nov 6, 20261-102 contacts →

Exact match

“Finance Done Right – Smarter, Simpler, Faster!”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
21Exact matchCoimbatore, IndiaHQ recorded Nov 6, 20261-102 contacts →

Exact match

“Kankaria Financial: Your Trusted Partner in Financial Solutions At Kankaria Financial, we specialize in the art of securing financial opportunities for individuals and businesses.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase
22Exact matchMumbai, IndiaHQ recorded Nov 6, 20261-102 contacts →

Exact match

“We are leaders in Finance and experts in Digital Marketing for Real Estate Domain.”

Recorded in the RevenueBase company graph · Nov 6, 2026 · View company records in RevenueBase

Showing 22 of 102 shadow banks based in India

See the full list, filter by size, metro and specialty, and access 5,735 tracked professional contacts with verified work emails. Direct dials are available where recorded.

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Shadow banks based in India at a glance

As of Nov 6, 2026
9.0%Verified-email coverage
623.3Average contacts per company
11-50Median size (employees)
15.7%Largest-city concentration · Mumbai
Nov 6, 2026Page data refreshed

Companies by employee count

1-10
30
11-50
35
51-200
20
201-500
9
501-1,000
3
1,001-5,000
3
10001+
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 102 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 “shadow banks” 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 5,735 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 November 6, 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 “shadow banks”; each Exact match badge shows search membership, not an individual similarity or quality score.

How many shadow banks are there based in India?

RevenueBase identified 102 company matches for shadow banks associated with India as of November 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?

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

Which city has the most shadow banks?

Mumbai leads with 16 company records, followed by Bangalore (8) and Jaipur (8).

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 5,735 professional contacts with verified work emails tracked across these 102 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 November 6, 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.