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.
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Lower Parel
Motilal Oswal Financial Services, founded in 1987 by Motilal Oswal and Raamdeo Agrawal as a sub-broking firm on Dalal Street, is a listed financial group run from Motilal Oswal Tower at Prabhadevi: broking, wealth, inves
Lower Parel
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
Bandra Kurla Complex
Kotak Securities, the broking arm of the Kotak group, is one of the largest full-service brokers in India, run from 27BKC with research and institutional desks.
Lower Parel
HDFC Securities, the broking subsidiary of HDFC Bank, runs from I Think Techno Campus in Kanjurmarg and is among the largest bank-owned brokers in India.
Bandra Kurla Complex
Zerodha, founded in Bengaluru in 2010 by Nithin and Nikhil Kamath, is the largest retail broker in India by active clients and changed the business with flat-fee trading; it is listed here because the Mumbai exchanges an
Mumbai
Angel One, the former Angel Broking founded in 1996 by Dinesh Thakkar, is a listed Mumbai broker that moved to a flat-fee digital model and became one of the three largest brokers by active clients; its head office is in
Lower Parel
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.
Dalal Street and Fort
Prabhudas Lilladher, founded in 1944, is one of the old Dalal Street broking houses, still family-run from Sadhana House at Worli with institutional research, retail broking and wealth management.
Nariman Point
JM Financial, founded in 1973 by Nimesh Kampani, is one of the oldest Indian investment banks, run from 7th floor, Cnergy, Prabhadevi, with its historic address at Nariman Point.
Lower Parel
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.
Lower Parel
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
Lower Parel
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.
Lower Parel
Emkay Global, founded in 1995 and listed on the exchanges, is a Mumbai broking and research house headquartered at The Ruby, Dadar West, with institutional equities, wealth and investment banking arms.
Bandra Kurla Complex
Kotak Institutional Equities, the institutional broking and research arm of Kotak Securities at 27BKC, is among the most followed equity research desks in India.
Lower Parel
Anand Rathi, founded in 1994 by Anand Rathi, is a Mumbai financial group with broking, commodity and currency broking, wealth management (listed as Anand Rathi Wealth) and investment banking, headquartered at Express Zon
Lower Parel
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.
Lower Parel
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.
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