Top 10 Most Trusted Investment Banking Firms in India
Table of Contents

- jaro Education
- 20, August 2023
- 4:00 pm
Curious who is really behind India’s most lucrative financial deals? When it comes to multibillion-dollar mergers or IPO launches, the ultimate power lies with India’s biggest investment banks in India and all around the world—and we are about to tell you who they are. These firms facilitate a huge proportion of India’s financial, strategic, and operational growth and execute over 80% of all mergers and acquisitions in India. Additionally, they provide a diverse range of services, including offering advisory services for IPOs, wealth management, and investment management services for CEOs and Natural Persons.
Best Investment Banking Companies
The table below highlights the top 10 investment banking companies in India, listing their headquarters, services, global presence, and interesting facts. This list will provide a coherent summary of the major investment banks in India, and if you are thinking about a career in finance or evaluating your possible partners for advisory, this list will provide an overview of the different members operating in the landscape.
Company Name | Headquarters (India) | Key Services Offered | Global Presence |
---|---|---|---|
JP Morgan Chase | Mumbai | Investment banking, asset management, securities | Yes (HQ: New York) |
Barclays Bank | Mumbai, Pune, Delhi | Investment banking, personal banking, wealth & asset management | Yes (HQ: London) |
Goldman Sachs | Bangalore | Wealth management, securities, global markets, investment banking | Yes (HQ: New York) |
JM Financial Institutions Securities | Mumbai | Private equity, wealth & asset management, distressed credit, mortgage loans | Investment banks in India |
Axis Capital Limited | Mumbai | Capital markets, structured finance, M&A advisory | Investment banks in India |
IDBI Capital | Mumbai | Wealth management, capital markets, institutional broking | Investment banks in India |
O3 Capital Global Advisory Services | Mumbai | Corporate finance, alternative asset management | Expanding globally |
Bank of America Merrill Lynch (BofA Sec.) | Mumbai, Bangalore, Delhi, Chennai | Investment banking, equity & debt underwriting, advisory | Yes (HQ: NC, USA) |
HSBC | Mumbai, Delhi, Bangalore | Investment banking, private banking, wealth management | Yes (HQ: Hong Kong) |
Edelweiss Financial Services | Mumbai | Asset management, credit facilities, advisory, insurance | Investment banks in India |
1. JP Morgan Chase
One of the top investment banking companies in India, JP Morgan Chase, is also recognized globally. The company offers a myriad of financial investment banking services in India and firm services in different nations and regions. While JP Morgan Chase’s headquarters are in New York, its India-based office is in Mumbai. The company initially provided financial banking services. But it quickly became one of the world’s leading investment banking firms. As ranked by S&P Global, its services are often related to the financial investment firms’ areas. JP Morgan Chase continuously seeks fresh workers who want to progress and thrive within their organization. They provide an excellent working environment with a diversified and competent team of experts whose primary goal is to reach greater heights.
2. Barclays Bank
With 300+ years of history, Barclays is a well-known British multinational universal bank. Founded by James Barclay, the bank started its journey in London, UK. In India, Barclays Bank has branches in Pune, Mumbai, and Delhi. With 85,000+ employees, the company showcases an impressive workforce and has worked its way to become one of the top investment banking companies in India and around the world. In addition to providing investment banking services, the company also provides personalised banking services to individuals and companies.
3. Goldman Sachs
Goldman Sachs, headquartered in New York City, is one of the world’s most recognized and respected investment banking companies in India. The company also has a strong presence in Bangalore, making it one of the top financial investment firms in India. Goldman Sachs offers a wide range of services, including wealth management, securities trading, and global markets. The firm presently employs over 30,000 individuals and is always looking for additional employees as part of its continued commitment to serving its consumers.
4. JM Financial Institutions Securities
When it comes to top investment banking companies in India, JM Financial Institutions Securities (JMFIS) has gained significant traction. The company was founded in 1998, and it offers numerous investment banks in India and banking services like private equity services, wealth and asset management, and distressed credit brokerage services. JM Financial Institutions Securities has its headquarters in Mumbai, and it also provides mortgage loan services to people.
5. Axis Capital Limited
Another investment banking company in India is Axis Capital Limited, founded in 2005. This investment bank is holding a company of Axis Bank that is touted to be an industry leader in equities, capital markets, and boutiques. Like many investment banks in India, Axis Capital Limited also has its foothold in Mumbai. It deals with businesses like capital markets and structured finance, among others. Furthermore, with their full suite of solutions, they have successfully acquired a solid footing in the investment banks in India.
6. IDBI Capital
A wholly owned subsidiary of IDBI Bank, IDBI Capital was established in 1993. The company is conveniently located in the heart of the city of Mumbai and offers various services like private wealth management and research, capital markets institutional broking, and distribution. Every employee or brand ambassador associated with IDBI Capital is treated with the utmost respect.
7. O3 Capital Global Advisory Services
O3 Capital Global Advisory Services is one of India’s best investment banking companies, with a long history of delivering alternative asset management services and corporate financing since 1993. Their skilled team of specialists has accomplished much in the sector, assisting in developing creative methods that have allowed them to expand beyond India into other nations. O3 Capital Global Advisory Services is a top mid-market investment banking company in India, and it has its office in none other than Mumbai.
8. Bank of America Merrill Lynch
Recently branded as Bofa Securities, Bank of America Merrill Lynch is among the largest investment banking companies around the world. It has branches in the USA’s North Carolina and India’s Bangalore, Mumbai, Delhi, and Chennai. Regarding revenue, Bofa Securities is one of the top investment banks, with over 200,000 workers encouraged to innovate and advance their careers. Bank of America Merrill Lynch completed its acquisition in 2009 and changed its name to Bofa Securities in 2019.
9. HSBC
The Hong Kong and Shanghai Banking Corporation, or HSBC, is commonly considered one of the major banks of the world. Its network extends over 4000 sites and 65 nations, from Hong Kong to London. This financial investment firm’s conglomerate provides its consumers with a wide range of services, including private banking and investment banking. It also has a presence in several Indian cities, and as a result, it is regarded as one of India’s top investment banking companies. The current headquarters of this company is in Hong Kong. In India, HSBC has branches in Delhi, Mumbai, and Bangalore.
10. Edelweiss Financial Services
Founded by Rajesh Shah in 1955, Edelweiss Financial Services is unquestionably one of India’s top investment banking companies. The company aims to deliver a variety of services, such as credit facilities, advisory insurance, and asset management. The company, part of the Edelweiss Group conglomerate, has become one of India’s premier investment banking organizations. Edelweiss Financial Services’ headquarters are in Mumbai, and its services are extensively used throughout the country.
Fundamentals of Investment Banks in India
Investment banks in India focus on financing a company and its business development and meeting its financial needs. Wholesale clients who are from small businesses or large financial institutions require more sophisticated financial products due to the nature or size of their business. This banking section has some key concepts that will help aspiring investment banks in India comprehend the fundamentals of investment banks in India.
- Shares
The equal parts into which an organization’s capital is split are called shares. These are traded on stock exchanges. Stock markets are sites where buyers want to pay money for shares. It is an opportunity for companies to raise money by selling the shares they own, and a chance for buyers to purchase a portion of the company and make a profit out of it.
- Bonds
It is a debt security that is issued by a company or government and sold to investors in financial markets to obtain cash for supporting its operations. The bond issuer guarantees to pay the sum of money to the bondholder along with a fixed interest amount. At the time of selling a bond, issuers often seek the aid of financial institutions, which function as placement agents.
- Initial public offering
An Initial public offering (IPO) is a growth strategy in which a company sells its stock in a controlled public market. This transaction enables companies to accelerate expansion by raising the cash required to materialize their business strategy while allowing private shareholders to realize the value of their shares, diversify their assets, and increase liquidity.
- M&A
Mergers and Acquisitions, also known as M&A, refer to the business growth strategy in which a company acquires, buys a share, collaborates, or takes over another company’s business or assets to expand its current business. Investment banks in India serve as advisors, focusing on resolving company issues and providing suggestions to increase shareholder value.
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Conclusion
In today’s world, investment banking is stated to be obligated to serve the purposes and corporate entities for the rest of their existence. The major role of top investment banking companies in India is to assist in the underwriting of new loans and the provision of equity securities for various enterprises. It aids them in the process of reorganization to secure their private investors. They also assist numerous MNC organizations and governments in managing their financial investment banks in India, firms’ demands when major projects occur in a certain location.
Frequently Asked Questions
Some of the top investment banks in India offering global-level services include JP Morgan Chase, Goldman Sachs, and Barclays. These investment banking companies in India provide world-class financial services such as M&A advisory, IPO management, and wealth management, with a strong presence in both domestic and international markets.
The best investment banking companies in India for career growth include Goldman Sachs, Bank of America Merrill Lynch, and JM Financial. These firms are known for high-paying roles, global exposure, and structured career development, making them ideal choices for aspiring professionals in investment banking firms in India.
When considering both revenue and operational scale, the biggest investment bank in India is JP Morgan Chase, followed closely by Bank of America and HSBC. These banks lead in deal volume, client portfolio, and financial market impact in India.
Yes, a list of investment banks in India includes both international giants like Goldman Sachs, Barclays, and HSBC, as well as Indian firms such as JM Financial, Edelweiss, Axis Capital, and IDBI Capital. These investment banking companies in India offer a variety of services tailored to corporate and individual clients.
ice offerings, top-tier clients, and higher deal sizes. Unlike regular firms, they operate at a strategic level with large-scale mergers, acquisitions, and financial advisory services.