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List of private equity-backed companies in Mumbai

Tamtam tracks 33 private equity-backed companies headquartered in Mumbai. This list ranks the 30 largest by number of employees on LinkedIn, led by Eureka Forbes Ltd, IndiaFirst Life and The Leela Palaces, Hotels and Resorts. Their median headcount is 694. Half of them were founded in 2004 or later.

馃嚠馃嚦 Mumbai30 companiesUpdated Nov 15, 2026

This list of private equity-backed companies in Mumbai shows a mix of established firms and younger enterprises, primarily in financial services, IT, and manufacturing. Eureka Forbes Ltd. leads in water purification and security solutions, while The Leela Palaces operates luxury hotels. IndiaFirst Life offers life insurance, and NSEIT LIMITED provides digital transformation services. Many of these companies focus on technology adoption and digital solutions to enhance their services and reach. One notable pattern is the strong presence of financial services firms, with companies like SBFC Finance Limited and IndoStar Capital Finance Ltd. providing credit and financing solutions to businesses and individuals. This indicates a robust financial sector supporting both corporate and consumer needs in the region. The list also includes significant players in education, real estate, and pharmaceutical manufacturing.

#CompanyIndustryHeadquarters EmployeesFounded
1
Eureka Forbes Ltdeurekaforbes.com

A leader in domestic and industrial water purification, vacuum cleaners, air purifiers, and security solutions, dedicated to providing healthier living

Manufacturing 馃嚠馃嚦 Mumbai 9,930 n/a
2
IndiaFirst Lifeindiafirstlife.com

A life insurance company in India, backed by public-sector banks and private equity, focusing on customer satisfaction through digitalization with nationwide presence

Insurance 馃嚠馃嚦 Mumbai 5,012 2009
3
The Leela Palaces, Hotels and Resortstheleela.com

Operates twelve award-winning luxury hotels across India, offering guests unparalleled experiences reflecting vibrant Indian culture and craftsmanship. Aims to be India's largest luxury hospitality brand.

Hospitality 馃嚠馃嚦 Mumbai 4,449 1986
4
NSEIT LIMITEDnseit.com

Digital-native technology company driving digital transformation through services like application modernization, data analytics, and cybersecurity for global organizations seeking digital progress

IT Services and IT Consulting 馃嚠馃嚦 Mumbai 3,650 n/a
5
Lighthouse Learning Grouplighthouse-learning.com

Leading education group in India offering early childhood & K-12 education through various brands, focusing on child safety and innovation

Education Administration Programs 馃嚠馃嚦 Mumbai 3,203 2001
6
SBFC Finance Limitedsbfc.com

A new-age financial services institution focused on providing credit to small businesses and consumers, with a strong emphasis on technology adoption

Financial Services 馃嚠馃嚦 Mumbai 3,067 2017
7
IndoStar Capital Finance Ltd.indostarcapital.com

A professionally managed NBFC providing structured term financing solutions to corporates, SMEs, and individuals in India through varied loan products

Financial Services 馃嚠馃嚦 Mumbai 2,119 2011
8
NuSummitnusummit.com

Provider of AI, data, cloud, application, and cybersecurity solutions empowering capital markets, insurance, and banking industries with digital transformation.

IT Services and IT Consulting 馃嚠馃嚦 Mumbai 1,713 1999
9
Shriram Housing Finance Ltd.truhomefinance.in

A subsidiary of Shriram Finance Ltd, this company is a Housing Finance Company registered with the National Housing Bank, operating since 2011

Financial Services 馃嚠馃嚦 Mumbai 1,592 n/a
10
Parksons Packaging Ltd.parksonspackaging.com

Leading provider of high-quality packaging solutions in India for various industries, working with brand leaders to create customized packs that stand out on shelves

Packaging and Containers Manufacturing 馃嚠馃嚦 Mumbai 1,383 n/a
11
Avanse Financial Services Ltd.avanse.com

Providing personalized education loans and financial support to students and educational institutions across India and internationally.

Financial Services 馃嚠馃嚦 Mumbai 1,279 2013
12
Piramal Realtypiramalrealty.com

A real estate development arm focused on customer-centricity, quality, and safety, with renowned collaborators and investments from leading private equity firms

Real Estate 馃嚠馃嚦 Mumbai 779 2012
13
Piramal Pharma Limitedpiramal.com

A global pharma company offering differentiated products and services through development, manufacturing, distribution, and partnerships in healthcare and ophthalmology

Pharmaceutical Manufacturing 馃嚠馃嚦 Mumbai 744 n/a
14
Maya Digital Studios Pvt. Ltdcosmos-maya.com

A leading animation studio producing high-quality 3D and 2D content, focused on creating IPs for kids' animation series globally

Animation and Post-production 馃嚠馃嚦 Mumbai 722 1996
15
Megafine Pharmamegafine.in

This company manufactures active pharmaceutical ingredients (APIs) and advanced intermediates, offering CDMO services. It supplies both innovator and generic pharmaceutical companies globally across various therapeutic segments.

Pharmaceutical Manufacturing 馃嚠馃嚦 Mumbai 694 1995

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16
Cosmos Maya India Private Limitedcosmos-maya.com

Leading animation studio founded by acclaimed filmmakers, creating high-quality 2D and 3D content with a focus on kids' programming, featured on popular global platforms

Animation and Post-production 馃嚠馃嚦 Mumbai 676 1996
17
Edme Insurance Brokersadityabirlacapital.com

A leading composite insurance broker in India, offering integrated broking and advisory services to companies and individuals with a focus on simplifying insurance

Insurance 馃嚠馃嚦 Mumbai 635 2003
18
PolicyBosspolicyboss.com

An Indian insurtech company focused on revolutionizing the insurance experience for customers through technology, consultative approach, and transparent interactions

Insurance 馃嚠馃嚦 Mumbai 621 2002
19
Integrace Healthintegracehealth.com

A therapy-focused healthcare company specializing in managing Musculoskeletal Disorders, Pain, and Women's Health with innovative solutions and top-ranking brands

Pharmaceutical Manufacturing 馃嚠馃嚦 Mumbai 580 2017
20
ST Telemedia Global Data Centres (India)sttelemediagdc.com

Market-leading data center services provider in India, offering carrier-neutral colocation services with numerous awards and accreditations for excellence and environmental initiatives

IT Services and IT Consulting 馃嚠馃嚦 Mumbai 574 2004
21
Nuvama Groupnuvama.com

A client-first wealth management group offering tailored solutions to entrepreneurs, high-net-worth individuals, and institutional investors through integrated financial services

Financial Services 馃嚠馃嚦 Mumbai 502 n/a
22
GreenCell Mobilitygreencellmobility.com

GreenCell Mobility is a leading pan-India shared electric mobility player, providing Electric Mobility-as-a-Service with a focus on innovation and sustainability

Urban Transit Services 馃嚠馃嚦 Mumbai 470 2019
23
ASK Asset & Wealth Managementaskfinancials.com

A leading financial services group in India managing wealth and investments for affluent families, with a presence in India, GCC, Africa, and Singapore

Financial Services 馃嚠馃嚦 Mumbai 400 1983
24
InCorp Indiain.ascentium.com

InCorp Group provides professional services across APAC with expertise in advisory, tax, compliance, sustainability, and managed services to various clients globally

Business Consulting and Services 馃嚠馃嚦 Mumbai 386 2019
25
Stellar Value Chain Solutions Pvt. Ltd.cevalogistics.com

Supply chain solutions company focused on creating value across the entire value chain, aiming to lead India's logistics industry with extensive operations

Truck Transportation 馃嚠馃嚦 Mumbai 379 2016
26
ColdStar Logisticscoldstarlogistics.com

A leading integrated cold chain service provider in India, offering customized storage and transportation solutions with a focus on freshness and quality control

Transportation, Logistics, Supply Chain and Storage 馃嚠馃嚦 Mumbai 378 2011
27
Sajjan India Ltdcohizon.com

Leading Indian manufacturer of Active Ingredients, Electronic and Speciality Chemicals for Agro, Pharma, and Dyes industries with global clientele and innovative production capabilities

Chemical Manufacturing 馃嚠馃嚦 Mumbai 370 1983
28
India First Lifeindiafirstlife.com

India First Life is a banking company based in Mumbai, Maharashtra, India, specializing in providing financial services and products to its customers

Banking 馃嚠馃嚦 Mumbai 360 n/a
29
Sekhmet Pharmaventuressekhmetpharma.com

A private equity platform invests in fast-growing pharma companies in Asia, focusing on acquiring stakes and expanding manufacturing facilities for pharmaceutical products

Pharmaceutical Manufacturing 馃嚠馃嚦 Mumbai 347 2020
30
IGI - International Gemological Institute Indiaigi.org

A global gemological institute providing diamond and jewelry grading, education, and appraisal services with a focus on natural and lab-grown diamonds

Education Administration Programs 馃嚠馃嚦 Mumbai 346 1975

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How this list is built

Every company on this list has a Tamtam company profile. The industry is the one the company gives on LinkedIn; categories such as SaaS or fintech are classified by Tamtam's AI from the company's website and LinkedIn page; and the headquarters city must match the company's own address. Companies are ranked by the number of employees on LinkedIn, and the list is refreshed every night. Classifications can be wrong, so treat the list as a starting point rather than an official ranking. Last updated Nov 15, 2026.

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