In 2018, the Government of Maharashtra established the Mumbai Fintech Hub, which has helped accelerate tech development in the financial sector and influenced many of the top fintech startups in the region. By advancing the industry and promoting companies working in the space, the city has played a large role in turning India into a fintech gian. The city is also home to major traditional finance and financial services firms. Below are some of the top finance companies in Mumbai experiencing explosive growth in the region.
Top Finance Companies in Mumbai to Know
- Transunion
- Goldman Sachs
- Enfusion
- Paytm
- ICICI Bank
- Axis Bank
- Mswipe Technologies
Top Finance Companies in Mumbai
Trading on the markets requires vast amounts of information and data, which Enfusion provides through its SaaS product. The software is used by finance experts, including CFOs and fund managers to unify front, middle and back offices.
ICICI Bank is one of India’s largest financial institutions, with over 160,000 employees and 6,000 branches. Although it offers both consumer and business banking, it’s perhaps most popular for its enterprise services. The bank provides business accounts, credit cards and payment solutions, among other financial services.
Jupiter Money is a one-stop app for all things finance. Available on Android and iOS, the app includes a savings account, budgeting tools, net-worth tracker and portfolio analyzer. Jupiter Money develops its platform through user feedback and consults with community members when deciding on new features.
Electric vehicles are becoming popular in India, and Ecofy is helping speed up that process. Ecofy helps businesses and individuals secure financing for two- and three-wheeler electric vehicles and rooftop solar solutions through its multiple financial products.
Upstox is a popular brokerage for stocks, mutual funds and options contracts, among other assets. The platform features upfront pricing and a no-fee model for mutual fund trading. Upstox also features powerful charting tools for advanced traders to discover investment insights.
Axis Bank is one of the largest financial institutions headquartered in Mumbai. It provides personal and corporate banking and various digital services, which it brands as internet banking. Its internet banking platform enables users to manage their accounts and pay utility bills from a mobile app.
Paytm merges banking, commerce and investing by innovating with mobile tech. Users can stash money in a savings account through a single app, send peer-to-peer payments, invest in stocks and even buy airplane tickets. Paytm was founded in 1998 and grew popular by innovating in mobile-based financial services. Today, the company has office and branch locations throughout India.
Goldman Sachs is one of the premier investment banks and has had an office in Mumbai since 2006. In addition to its banking services, the company provides advisory services during mergers and acquisitions, and acts as a market maker for different products. Goldman Sachs’ Mumbai-based roles often include analyst and software engineering positions.
Though TransUnion has a wide array of financial service solutions, it’s perhaps most well known for providing individuals with credit scores. The company collects data points from banks, public records and other locations and, using a unique algorithm, TransUnion helps other financial institutions determine a customer’s creditworthiness when applying for loans or credit cards. TransUnion’s local office is located in Mumbai’s Piramal Tower.
Mswipe Technologies is helping merchants across India process payments through its various solutions. The company develops point-of-sale terminals and QR code payment software that are adaptable for businesses of all types and sizes. Through Mcapital, Mswipe Technologies also provides loans to businesses.
