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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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
CDSL, promoted by BSE in 1999 and listed since 2017, is the larger of India’s two securities depositories by number of accounts, holding investors’ shares in electronic form; its head office is Marathon Futurex in Lower
Lower Parel
NSDL, set up in 1996 as the first depository in India, holds the larger share of securities by value and is run from Trade World in Kamala Mills, Lower Parel; it listed on the exchanges in 2025.
Lower Parel
Paytm, run by One97 Communications from Noida, is the Indian payments and financial-services app that listed on the Mumbai exchanges in 2021 in the largest IPO of its time; it has a large Mumbai office.
Lower Parel
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.
Lower Parel
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.
Company, mill, factory and shop names and trademarks belong to their respective owners. Inclusion is for independent discovery only, not endorsement or affiliation.