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Home / Finance / Lower Parel
Finance

Lower Parel, Mumbai

Mill land turned into corporate towers.

Lower Parel in the city

Mumbai is India's financial capital in a literal sense: the central bank, the market regulator, both national stock exchanges, the largest banks and insurers and most of the asset management industry all sit within a few kilometres of each other, between Dalal Street, Nariman Point and Bandra Kurla Complex.

Named companies

Named companies at Lower Parel, Mumbai

Each name opens its own page on this site; Explore opens a Google search.

36companies
Life insurer

ICICI Prudential Life, the 2000 joint venture of ICICI Bank and Prudential plc, was the first private life insurer to list in India, in 2016; its registered office is ICICI PruLife Towers at Prabhadevi, with offices in B

SBI Funds Management

Bandra Kurla Complex

Asset management company

SBI Mutual Fund, managed by SBI Funds Management, a joint venture of State Bank of India and Amundi of France, is the largest fund house in India by assets; its head office is at 9th floor, Crescenzo, Bandra Kurla Comple

Asset management company

quant Mutual Fund, managed by quant Money Managers from Sabnis House in Dadar West, grew from a small fund house to one of the most followed in the country in the early 2020s on the strength of its equity schemes.

Broking

ICICI Securities, the broking and investment-banking arm of ICICI Bank, runs ICICIdirect, one of the largest retail broking platforms in India, from ICICI Venture House at Prabhadevi; it was delisted and folded into ICIC

Sharekhan

Lower Parel

Broking

Sharekhan, begun in 2000 by the SSKI group, was among the first online brokers in India; it was owned by BNP Paribas from 2016 and bought by Mirae Asset in 2024.

Avendus Capital

Lower Parel

Investment banking

Avendus, founded in 1999 and run from The IL&FS Financial Centre in Bandra Kurla Complex, is the leading Indian investment bank for technology and consumer companies, and also runs wealth and alternative asset businesses

Ambit

Lower Parel

Investment banking

Ambit, founded in 1997 and run from Ambit House in Lower Parel, is an Indian investment bank with institutional equities, wealth management and private equity arms.

CRISIL Limited

Lower Parel

Credit rating agency

CRISIL, set up in 1987 as India’s first credit rating agency, is majority-owned by S&P Global and run from CRISIL House in Hiranandani Business Park, Powai; it is listed on the exchanges.

ICRA Limited

Lower Parel

Credit rating agency

ICRA, set up in 1991 and majority-owned by Moody’s, is the second of the big Indian rating agencies, headquartered in Gurugram with its large Mumbai office at Electric Mansion, Prabhadevi.

CareEdge Ratings

Lower Parel

Credit rating agency

CARE Ratings, now CareEdge, was set up in 1993 and is the only large Indian rating agency not controlled by a foreign parent; its head office is Godrej Coliseum at Sion, and it is listed on the exchanges.

PhonePe

Lower Parel

Fintech

PhonePe, headquartered in Bengaluru and owned by Walmart, is the largest UPI app in India by transactions and runs a large Mumbai operation; it is preparing a listing on the Mumbai exchanges.

Pine Labs

Lower Parel

Fintech

Pine Labs, headquartered in Noida with a large Mumbai presence, provides point-of-sale terminals and merchant payments to retailers across India and Southeast Asia, and listed on the Mumbai exchanges in 2025.

Financial services group

Aditya Birla Capital is the listed holding company of the Aditya Birla group’s financial businesses — Aditya Birla Finance, Aditya Birla Sun Life Insurance and AMC, housing finance and health insurance — run from One Wor

Wealth management

Nuvama, the former Edelweiss Wealth bought by PAG and listed in 2023, is one of the largest wealth managers in India, run from 801 Plaza Tower at Nariman Point and Lower Parel, with institutional equities and asset servi

360 ONE WAM

Lower Parel

Wealth management

360 ONE, the former IIFL Wealth, is the largest independent wealth manager in India, listed on the exchanges and run from 360 ONE Centre, Kamala City, Lower Parel.

Credit rating agency

Acuité Ratings & Research, the former SMERA set up in 2005 by SIDBI and the banks to rate small enterprises, is a SEBI-registered rating agency headquartered at Lodha Supremus, Kanjurmarg East.

Nirmal Bang

Lower Parel

Broking

Nirmal Bang, founded in 1986, is a Mumbai broking house at Marathon Futurex, Lower Parel, in equity, commodity and currency broking with a large franchisee network.

Broking and financial services

Choice International, founded in 1993 and listed on the exchanges, is a Mumbai financial group headquartered at Sunil Patodia Tower, Andheri East, with broking, commodity and currency broking, wealth and advisory arms.

What happens here

Other financial districts

Finance names at Lower Parel, Mumbai

Named here — tap a name for a live answer
NameWhat
Motilal Oswal Financial ServicesBrokingAbout ↗ Explore ↗
ICICI SecuritiesBrokingAbout ↗ Explore ↗
Nuvama WealthWealth managementAbout ↗ Explore ↗
SharekhanBrokingAbout ↗ Explore ↗
HDFC AMCAMCAbout ↗ Explore ↗
Aditya Birla Sun Life AMCAMCAbout ↗ Explore ↗
SBI Funds ManagementAMCAbout ↗ Explore ↗
UTI Mutual FundAMCAbout ↗ Explore ↗
India Ratings & ResearchRating agencyAbout ↗ Explore ↗

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