Company lists · Data refreshed September 2026

Top 25 Stock brokerages based in Mumbai, India

RevenueBase identified 229 company matches for stock brokerages associated with Mumbai, India as of September 2026 and tracks 57,760 professional contacts across them, including 7,005 with verified work emails. Across India, Mumbai is the largest hub for this category.

This list covers company matches for stock brokerages associated with Mumbai, 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 September 22, 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 Sep 22, 2026 How this list was built
229Companies
57,760Contacts tracked
7,005Verified emails
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The 25 largest stock brokerages based in Mumbai, India

Ranked by team size
Top 25 of 229 company matches for stock brokerages based in Mumbai, India, ordered by professional contacts tracked in RevenueBase, largest first. Recorded Sep 22, 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 Sep 22, 202610001+13,208 contacts →

Exact match

“Motilal Oswal Financial Services Ltd.(MOFSL) was founded in 1987 as a small sub-broking unit, with just 2 people running the show.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
2Exact matchMumbai, IndiaHQ recorded Sep 22, 20261,001-5,0007,289 contacts →

Exact match

“With over seven decades of ICICI Group’s legacy of trust and financial expertise, ICICI Securities stands as a leading, customer-centric and technology-driven financial services…”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
3Exact matchMumbai, IndiaHQ recorded Sep 22, 20261,001-5,0006,610 contacts →

Exact match

“Kotak Securities is one of the oldest and trusted equity brokerages in India, established in 1994.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
4Exact matchMumbai, IndiaHQ recorded Sep 22, 202610001+4,970 contacts →

Exact match

“As a proud extension of the esteemed SBI legacy, SBI Securities offers a comprehensive suite of investment products and services designed to meet diverse financial objectives.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
5Exact matchMumbai, IndiaHQ recorded Sep 22, 20261,001-5,0004,380 contacts →

Exact match

“HDFC securities has been serving a diverse customer base of retail and institutional investors, since Headquartered in Mumbai, it offers an exhaustive product suite to help its…”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
6Exact matchMumbai, IndiaHQ recorded Sep 22, 202610001+1,762 contacts →

Exact match

“Dhani Stocks Limited is one of India’s leading capital market companies providing securities and derivative broking services.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
7Exact matchMumbai, IndiaHQ recorded Sep 22, 20261,001-5,0001,728 contacts →

Exact match

“Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including…”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
8Exact matchMumbai, IndiaHQ recorded Sep 22, 2026501-1,0001,614 contacts →

Exact match

“Upstox is an online trading app for Demat Account, Share Market, MF, IPO with 1cr+ customers.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
9Exact matchMumbai, IndiaHQ recorded Sep 22, 20265,001-10,0001,282 contacts →

Exact match

“Choice Equity Broking Private Limited: SEBI Reg No.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
10Exact matchMumbai, IndiaHQ recorded Sep 22, 2026201-500974 contacts →

Exact match

“Arihant Capital Markets Limited is a public limited company incorporated in 1992, with a mission to make every Indian financially independent by offering suitable investment…”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
11Exact matchMumbai, IndiaHQ recorded Sep 22, 2026501-1,000816 contacts →

Exact match

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

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
12Exact matchMumbai, IndiaHQ recorded Sep 22, 2026501-1,000799 contacts →

Exact match

“5paisa is a tech-first discount broker built by traders, for traders, offering a seamless investing & trading experience.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
13Exact matchMumbai, IndiaHQ recorded Sep 22, 2026501-1,000784 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 · Sep 22, 2026 · View company records in RevenueBase
14Exact matchMumbai, IndiaHQ recorded Sep 22, 2026501-1,000528 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 · Sep 22, 2026 · View company records in RevenueBase
15Exact matchMumbai, IndiaHQ recorded Sep 22, 2026201-500415 contacts →

Exact match

“Established in 1982 as a Proprietary Concern with focus on underwriting and marketing IPOs.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
16Exact matchMumbai, IndiaHQ recorded Sep 22, 2026201-500323 contacts →

Exact match

“WHO ARE WE?”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
17Exact matchMumbai, IndiaHQ recorded Sep 22, 202651-200278 contacts →

Exact match

“GEPL Capital Pvt Ltd (SEBI Registration No: has helped investors across India and abroad since 1997 build long-term Financial through equity, mutual funds, insurance, debt and…”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
18Exact matchMumbai, IndiaHQ recorded Sep 22, 2026201-500268 contacts →

Exact match

“PhillipCapital India Pvt.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
19Exact matchMumbai, IndiaHQ recorded Sep 22, 202651-200212 contacts →

Exact match

“Where rich legacy and modern approach come together.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
20Exact matchMumbai, IndiaHQ recorded Sep 22, 2026201-500204 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 · Sep 22, 2026 · View company records in RevenueBase
21Exact matchMumbai, IndiaHQ recorded Sep 22, 2026201-500146 contacts →

Exact match

“Mangal Keshav is one of the premier broker in the equities and derivatives market for Retail and Institutional customers in India.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
22Exact matchMumbai, IndiaHQ recorded Sep 22, 202651-200136 contacts →

Exact match

“India Advantage Securities Pvt.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
23Exact matchMumbai, IndiaHQ recorded Sep 22, 2026201-500133 contacts →

Exact match

“Member of All major Stock Commodity and Currency exchanges in India.”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
24Exact matchMumbai, IndiaHQ recorded Sep 22, 2026201-500117 contacts →

Exact match

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

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase
25Exact matchMumbai, IndiaHQ recorded Sep 22, 202651-200115 contacts →

Exact match

“Welcome to StoxBox, your ultimate technology-based Value Broker!”

Recorded in the RevenueBase company graph · Sep 22, 2026 · View company records in RevenueBase

Showing 25 of 229 stock brokerages based in Mumbai, India

See the full list, filter by size, metro and specialty, and access 7,005 tracked professional contacts with verified work emails. Direct dials are available where recorded.

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Stock brokerages based in Mumbai, India at a glance

As of Sep 22, 2026
12.1%Verified-email coverage
252.2Average contacts per company
11-50Median size (employees)
Sep 22, 2026Page data refreshed

Companies by employee count

1-10
75
11-50
66
51-200
43
201-500
25
501-1,000
8
1,001-5,000
8
5,001-10,000
1
10001+
3

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 229 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 Mumbai, India whose business descriptions match “stock brokerages” 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 7,005 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 September 22, 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 “stock brokerages”; each Exact match badge shows search membership, not an individual similarity or quality score.

How many stock brokerages are there based in Mumbai, India?

RevenueBase identified 229 company matches for stock brokerages associated with Mumbai, India as of September 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?

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

Which city in India has the most stock brokerages?

Mumbai leads India with 229 company records, followed by New Delhi (101) and Bangalore (79).

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 7,005 professional contacts with verified work emails tracked across these 229 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 September 22, 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.