97 Boutique Investment Banks in Mumbai, Mapped

Boutique investment banks in Mumbai

Mumbai is where India's deals get done: the exchanges, the promoter families, the global banks' India desks all sit here. This list maps the layer underneath - the independent M&A houses, transaction advisers and capital specialists serving promoter-led companies, mid-market exits and the funding rounds the bulge brackets never see. FirmScope tracks 97 boutique corporate finance and M&A firms in Mumbai, each checked by hand: it exists, it is active, and the focus shown is the work it actually does.

The firms are below. The full directory carries a working website and LinkedIn link for every firm, named contacts where the firm publishes one, filters by deal type, and a tracker for running outreach properly.

M&A Advisory

Capital Raising

Restructuring

Debt Advisory

Look up a firm

25 of the 97 firms on the list

Firm	Focus	Team size
LKP Fixed Income	Debt Advisory	51-200
o3 Capital	Capital Raising	51-200
Pantomath Capital Advisors Private Limited	Capital Raising	51-200
Real Value Consultants	M&A Advisory	51-200
Singhi Advisors	M&A Advisory	51-200
7i Capital Advisors	M&A Advisory	11-50
Alphacap Advisors Private Limited	Restructuring	11-50
Arpwood Capital	M&A Advisory	11-50
Atherstone Capital Markets Limited	M&A Advisory	11-50
Bexley Advisors	M&A Advisory	11-50
DerivativeSaint	Capital Raising	11-50
Ekadrisht Capital Pvt Ltd	M&A Advisory	11-50
Ethos Capital Advisors Pvt Ltd	M&A Advisory	11-50
Eurus Corporate Advisors Private Limited	Debt Advisory	11-50
GCV IB	Capital Raising	11-50
Gretex Corporate Services Limited	Capital Raising	11-50
IMAP India	M&A Advisory	11-50
Indorient Financial Services Limited	Capital Raising	11-50
Ingenious Advisors	M&A Advisory	11-50
Intensive Fiscal Services Private Limited	Capital Raising	11-50
ITI Capital Limited	M&A Advisory	11-50
KEY FINCORP	Debt Advisory	11-50
Ladderup Finance Ltd.	Debt Advisory	11-50
Lastaki Advisors	M&A Advisory	11-50
Mastercredit Banking Solutions Private Limited.	M&A Advisory	11-50

Ordered by team size, then name. Websites, LinkedIn pages, search and filters are in the full directory.

The other 72 firms

See the whole list, with working links and contacts

Every firm, verified website and LinkedIn links, named contacts where published, filters, private notes and an outreach tracker. Free account first, no card needed.

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What counts as a boutique here

Independent corporate finance and M&A advisers with a genuine Mumbai practice: mid-market M&A houses, transaction and valuation specialists, debt and structured finance advisers, and the sector teams serving India's promoter economy. Partner-owned and small enough that juniors sit in the deal, not adjacent to it.

The global banks' Mumbai offices and the big domestic full-service houses are left out on purpose. This list exists for the firms that never post a job.

Full detail on sourcing and verification is on the methodology page.

Common questions

How many boutique investment banks are there in Mumbai?

FirmScope currently tracks 97 in Mumbai. The count updates as firms launch, merge or wind down.

What deals do Mumbai boutiques actually work on?

Promoter-led M&A and succession, mid-market private placements, cross-border deals into and out of India, and the valuation and transaction advisory work that surrounds them - mandates the global banks price out of reach.

Does the list include websites and contacts?

The public page shows names, size and focus. Working website and LinkedIn links, named contacts where the firm publishes one, plus search, filters, notes and an outreach tracker are part of the paid product. A free account previews a small sample.

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