# 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.

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.

🇮🇳 Mumbai · 30 companies · Updated Nov 15, 2026

| # | Company | Industry | Headquarters | Employees | Founded |
|---|---|---|---|---|---|
| 1 | [Eureka Forbes Ltd](https://www.tamtam.ai/c/eureka-forbes-ltd) (eurekaforbes.com)<br>A leader in domestic and industrial water purification, vacuum cleaners, air purifiers, and security solutions, dedicated to providing healthier living | Manufacturing | 🇮🇳 Mumbai | 9,930 |  |
| 2 | [IndiaFirst Life](https://www.tamtam.ai/c/indiafirst-life) (indiafirstlife.com)<br>A life insurance company in India, backed by public-sector banks and private equity, focusing on customer satisfaction through digitalization with nationwide presence | Insurance | 🇮🇳 Mumbai | 5,012 | 2009 |
| 3 | [The Leela Palaces, Hotels and Resorts](https://www.tamtam.ai/c/the-leela-palaces-hotels-and-resorts) (theleela.com)<br>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 | 🇮🇳 Mumbai | 4,449 | 1986 |
| 4 | [NSEIT LIMITED](https://www.tamtam.ai/c/nseit-limited) (nseit.com)<br>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 | 🇮🇳 Mumbai | 3,650 |  |
| 5 | [Lighthouse Learning Group](https://www.tamtam.ai/c/lighthouse-learning-group) (lighthouse-learning.com)<br>Leading education group in India offering early childhood & K-12 education through various brands, focusing on child safety and innovation | Education Administration Programs | 🇮🇳 Mumbai | 3,203 | 2001 |
| 6 | [SBFC Finance Limited](https://www.tamtam.ai/c/sbfc-finance-limited) (sbfc.com)<br>A new-age financial services institution focused on providing credit to small businesses and consumers, with a strong emphasis on technology adoption | Financial Services | 🇮🇳 Mumbai | 3,067 | 2017 |
| 7 | [IndoStar Capital Finance Ltd.](https://www.tamtam.ai/c/indostar-capital-finance-ltd) (indostarcapital.com)<br>A professionally managed NBFC providing structured term financing solutions to corporates, SMEs, and individuals in India through varied loan products | Financial Services | 🇮🇳 Mumbai | 2,119 | 2011 |
| 8 | [NuSummit](https://www.tamtam.ai/c/nusummit) (nusummit.com)<br>Provider of AI, data, cloud, application, and cybersecurity solutions empowering capital markets, insurance, and banking industries with digital transformation. | IT Services and IT Consulting | 🇮🇳 Mumbai | 1,713 | 1999 |
| 9 | [Shriram Housing Finance Ltd.](https://www.tamtam.ai/c/shriram-housing-finance-ltd) (truhomefinance.in)<br>A subsidiary of Shriram Finance Ltd, this company is a Housing Finance Company registered with the National Housing Bank, operating since 2011 | Financial Services | 🇮🇳 Mumbai | 1,592 |  |
| 10 | [Parksons Packaging Ltd.](https://www.tamtam.ai/c/parksons-packaging-ltd) (parksonspackaging.com)<br>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 | 🇮🇳 Mumbai | 1,383 |  |
| 11 | [Avanse Financial Services Ltd.](https://www.tamtam.ai/c/avanse-financial-services-ltd) (avanse.com)<br>Providing personalized education loans and financial support to students and educational institutions across India and internationally. | Financial Services | 🇮🇳 Mumbai | 1,279 | 2013 |
| 12 | [Piramal Realty](https://www.tamtam.ai/c/piramal-realty) (piramalrealty.com)<br>A real estate development arm focused on customer-centricity, quality, and safety, with renowned collaborators and investments from leading private equity firms | Real Estate | 🇮🇳 Mumbai | 779 | 2012 |
| 13 | [Piramal Pharma Limited](https://www.tamtam.ai/c/piramal-pharma-limited) (piramal.com)<br>A global pharma company offering differentiated products and services through development, manufacturing, distribution, and partnerships in healthcare and ophthalmology | Pharmaceutical Manufacturing | 🇮🇳 Mumbai | 744 |  |
| 14 | [Maya Digital Studios Pvt. Ltd](https://www.tamtam.ai/c/maya-digital-studios-pvt-ltd) (cosmos-maya.com)<br>A leading animation studio producing high-quality 3D and 2D content, focused on creating IPs for kids' animation series globally | Animation and Post-production | 🇮🇳 Mumbai | 722 | 1996 |
| 15 | [Megafine Pharma](https://www.tamtam.ai/c/megafine-pharma) (megafine.in)<br>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 | 🇮🇳 Mumbai | 694 | 1995 |
| 16 | [Cosmos Maya India Private Limited](https://www.tamtam.ai/c/cosmos-maya-india-private-limited) (cosmos-maya.com)<br>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 | 🇮🇳 Mumbai | 676 | 1996 |
| 17 | [Edme Insurance Brokers](https://www.tamtam.ai/c/edme-insurance-brokers) (adityabirlacapital.com)<br>A leading composite insurance broker in India, offering integrated broking and advisory services to companies and individuals with a focus on simplifying insurance | Insurance | 🇮🇳 Mumbai | 635 | 2003 |
| 18 | [PolicyBoss](https://www.tamtam.ai/c/policyboss) (policyboss.com)<br>An Indian insurtech company focused on revolutionizing the insurance experience for customers through technology, consultative approach, and transparent interactions | Insurance | 🇮🇳 Mumbai | 621 | 2002 |
| 19 | [Integrace Health](https://www.tamtam.ai/c/integrace-health) (integracehealth.com)<br>A therapy-focused healthcare company specializing in managing Musculoskeletal Disorders, Pain, and Women's Health with innovative solutions and top-ranking brands | Pharmaceutical Manufacturing | 🇮🇳 Mumbai | 580 | 2017 |
| 20 | [ST Telemedia Global Data Centres (India)](https://www.tamtam.ai/c/st-telemedia-global-data-centres-india) (sttelemediagdc.com)<br>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 | 🇮🇳 Mumbai | 574 | 2004 |
| 21 | [Nuvama Group](https://www.tamtam.ai/c/nuvama-group) (nuvama.com)<br>A client-first wealth management group offering tailored solutions to entrepreneurs, high-net-worth individuals, and institutional investors through integrated financial services | Financial Services | 🇮🇳 Mumbai | 502 |  |
| 22 | [GreenCell Mobility](https://www.tamtam.ai/c/greencell-mobility) (greencellmobility.com)<br>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 | 🇮🇳 Mumbai | 470 | 2019 |
| 23 | [ASK Asset & Wealth Management](https://www.tamtam.ai/c/ask-asset-and-wealth-management) (askfinancials.com)<br>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 | 🇮🇳 Mumbai | 400 | 1983 |
| 24 | [InCorp India](https://www.tamtam.ai/c/incorp-india) (in.ascentium.com)<br>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 | 🇮🇳 Mumbai | 386 | 2019 |
| 25 | [Stellar Value Chain Solutions Pvt. Ltd.](https://www.tamtam.ai/c/stellar-value-chain-solutions-pvt-ltd) (cevalogistics.com)<br>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 | 🇮🇳 Mumbai | 379 | 2016 |
| 26 | [ColdStar Logistics](https://www.tamtam.ai/c/coldstar-logistics) (coldstarlogistics.com)<br>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 | 🇮🇳 Mumbai | 378 | 2011 |
| 27 | [Sajjan India Ltd](https://www.tamtam.ai/c/sajjan-india-ltd) (cohizon.com)<br>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 | 🇮🇳 Mumbai | 370 | 1983 |
| 28 | [India First Life](https://www.tamtam.ai/c/india-first-life) (indiafirstlife.com)<br>India First Life is a banking company based in Mumbai, Maharashtra, India, specializing in providing financial services and products to its customers | Banking | 🇮🇳 Mumbai | 360 |  |
| 29 | [Sekhmet Pharmaventures](https://www.tamtam.ai/c/sekhmet-pharmaventures) (sekhmetpharma.com)<br>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 | 🇮🇳 Mumbai | 347 | 2020 |
| 30 | [IGI - International Gemological Institute India](https://www.tamtam.ai/c/igi-international-gemological-institute-india) (igi.org)<br>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 | 🇮🇳 Mumbai | 346 | 1975 |

## 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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## The same list elsewhere in India

- [Private equity-backed companies in India](https://www.tamtam.ai/l/private-equity-backed-companies-india) (69)
- [Private equity-backed companies in Maharashtra](https://www.tamtam.ai/l/private-equity-backed-companies-maharashtra) (36)

## The same list elsewhere

- [Private equity-backed companies in the world](https://www.tamtam.ai/l/private-equity-backed-companies-in-the-world) (1,497)
- [Private equity-backed companies in Asia](https://www.tamtam.ai/l/private-equity-backed-companies-in-asia) (89)

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Source: https://www.tamtam.ai/l/private-equity-backed-companies-mumbai