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Public sector organisations headquartered in Mumbai

Tamtam tracks 41 public sector organisations headquartered in Mumbai. This list ranks all of them by number of employees on LinkedIn, led by State Bank of India, Life Insurance Corporation of India and Bank of Baroda. Their median headcount is 1,645. Half of them were founded in 1951 or later.

馃嚠馃嚦 Mumbai41 companiesUpdated Oct 24, 2026
#CompanyIndustryHeadquarters EmployeesFounded
1
State Bank of Indiabank.in

Leading public sector bank with extensive branch network, offering specialized financial services to corporates, SMEs, NRIs, and retail customers.

Banking 馃嚠馃嚦 Mumbai 122,721 n/a
2
Life Insurance Corporation of Indialicindia.in

Provides diverse life insurance products including health, pension, ULIPs, group schemes, and micro insurance with extensive agent network.

Insurance 馃嚠馃嚦 Mumbai 73,235 n/a
3
Bank of Barodabank.in

A top Public Sector Bank with a global presence, offering a wide range of financial products and services to customers worldwide since 1908

Banking 馃嚠馃嚦 Mumbai 36,046 n/a
4
Indian Oil Corporation Limited

A national oil company in India involved in the entire hydrocarbon value chain, including refining, transportation, marketing, exploration, production, and petrochemicals

Oil and Gas 馃嚠馃嚦 Mumbai 29,849 n/a
5
Bharat Petroleum Corporation Limitedbharatpetroleum.in

Refining crude oil, marketing petroleum products, with significant presence in upstream and downstream oil and gas sectors, targeting net-zero by 2040.

Oil and Gas 馃嚠馃嚦 Mumbai 23,037 1976
6
Union Bank of Indiabank.in

Provides comprehensive financial services through a domestic and international network including deposits, advances, and digital banking for retail, MSME, and commercial sectors.

Banking 馃嚠馃嚦 Mumbai 21,188 1911
7
Bank of Indiabankofindia.bank.in

Established in 1906, this bank offers a wide range of products and services, with over 5100 branches across India and international operations

Banking 馃嚠馃嚦 Mumbai 17,220 1906
8
Central Bank of Indiacentralbankofindia.co.in

A pioneer Indian bank offering a wide range of products and services with a large network of branches throughout the country

Banking 馃嚠馃嚦 Mumbai 11,355 1911
9
Indian Institute of Technology, Bombayiitb.ac.in

A renowned engineering institute in India with top faculty, exceptional students, and a focus on academic excellence and research

Higher Education 馃嚠馃嚦 Mumbai 10,272 1958
10
New India Assurancenewindia.co.in

Multinational general insurance company providing insurance services to individuals and businesses worldwide

Insurance 馃嚠馃嚦 Mumbai 8,014 1919
11
Reserve Bank of India (RBI)rbi.org.in

This organization is the central bank of India, overseeing monetary policy and regulating the country's financial system through various online platforms

Banking 馃嚠馃嚦 Mumbai 7,902 1935
12
Reserve Bank of India (RBI) Fan Cluborg.in

The company serves as India's central bank, overseeing monetary policy, regulating financial systems, managing foreign exchange, issuing currency, and supporting national objectives

Government Administration 馃嚠馃嚦 Mumbai 5,718 1935
13
BARCbarc.gov.in

A leading nuclear research center in India, specializing in advanced research in nuclear science, engineering, and related areas for NPCIL

Research Services 馃嚠馃嚦 Mumbai 3,987 1945
14
NABARD - National Bank for Agriculture and Rural Developmentnabard.org

Driving sustainable and equitable agriculture, rural prosperity with effective credit support, services, and institution development through innovative initiatives

Financial Services 馃嚠馃嚦 Mumbai 3,461 1982
15
The Shipping Corporation of India Ltd.shipindia.com

Leading provider of maritime transport services in India and worldwide, offering a diverse fleet to meet various industry needs Visit our website for more information

Shipbuilding 馃嚠馃嚦 Mumbai 2,623 1961
16
Maharashtra State Electricity Distribution Co (Msedcl)mahadiscom.in

Mahavitaran is a public sector electricity distribution company in Maharashtra, India, controlled by the state government It is the largest utility in India

Utilities 馃嚠馃嚦 Mumbai 2,351 2005
17
MIDCmidcindia.org

An entity established by the Government of Maharashtra to provide infrastructure for orderly industrial development in the state since 1962

Government Administration 馃嚠馃嚦 Mumbai 1,870 1964
18
Central Railwaycr.indianrailways.gov.in

They are a railway organization that is successor to GIP Railway and operates under the Ministry of Railways, managing train services

Rail Transportation 馃嚠馃嚦 Mumbai 1,839 1951
19
CENTRAL BANK OF INDIAcentralbankofindia.co.in

A government-owned bank in India with a wide network of branches, ATMs, and overseas offices, including joint ventures with other banks

Banking 馃嚠馃嚦 Mumbai 1,822 n/a
20
Western Railwaywr.indianrailways.gov.in

The Western Railway is a major railway network in India, with headquarters in Mumbai, Maharashtra, operating key routes and divisions across the country

Rail Transportation 馃嚠馃嚦 Mumbai 1,787 n/a
21
StockHolding Corporation of India Limitedlinktr.ee

A company in the financial services domain offers custodial, post trading, depository, and other services, jointly owned by leading Indian banks and financial institutions

Financial Services 馃嚠馃嚦 Mumbai 1,645 1986
22
Maharashtra State Road Transport Corp (MSRTC)msrtc.gov.in

A government administration company based in Mumbai, Maharashtra, India, specializing in providing road transport services to the state

Government Administration 馃嚠馃嚦 Mumbai 1,558 1960
23
SEBIsebi.gov.in

Regulatory body established by an Act of Parliament to protect investor interests, promote development, and regulate securities market in India

Capital Markets 馃嚠馃嚦 Mumbai 1,455 1992
24
BSNL Telecom Factoryonlinecareer360.com

Designs and manufactures telecommunications products in Mumbai, India at Telecom Factory in Deonar for BSNL

Telecommunications 馃嚠馃嚦 Mumbai 1,164 n/a
25
Tata Memorial Centretatamemorialcentre.com

Specialist cancer treatment and research center in Mumbai, India, closely linked with a center for cancer treatment, research, and education

Hospitals and Health Care 馃嚠馃嚦 Mumbai 1,124 n/a
26
GS Medical College & KEM Hospital, Mumbaikem.edu

Provides comprehensive medical training for two thousand students while delivering affordable outpatient and inpatient healthcare services to underprivileged communities through extensive hospital facilities.

Higher Education 馃嚠馃嚦 Mumbai 1,087 1926
27
State Bank of India - A Government of India Owned Public Sector Bankbank.sbi

It is an Indian multinational public sector bank and financial services provider with a long history, a strong global presence, and millions of customers

Banking 馃嚠馃嚦 Mumbai 1,061 1806
28
SBI Capital Marketssbicaps.com

A leading Indian investment bank offering a full range of corporate advisory services including project financing, ESG advisory, capital markets, M&A, private equity, and asset management

Investment Banking 馃嚠馃嚦 Mumbai 898 1986
29
Reserve Bank of India (RBI)org.in

Established in 1935, the company regulates bank notes, maintains reserves, and formulates monetary policies to secure monetary stability and promote growth in India

Banking 馃嚠馃嚦 Mumbai 853 n/a
30
SAMEER (Autonomous R&D Lab under MeitY, Govt of India)sameer.gov.in

An autonomous R & D laboratory specializing in Microwave Engineering, Electromagnetic Engineering, and state-of-the-art technology demonstrations, focusing on research, development, and commercial viability

Research Services 馃嚠馃嚦 Mumbai 849 1984
31
Institute Of Chemical Technologyictmumbai.edu.in

An esteemed university in Mumbai with a strong emphasis on chemical technology and research, producing top industrialists, academics, and entrepreneurs

Education Administration Programs 馃嚠馃嚦 Mumbai 815 1933
32
High Court of Bombaybombayhighcourt.nic.in

The Mumbai High Court, located in Maharashtra, India, is one of the oldest High Courts and has jurisdiction over several states and Union Territories

Administration of Justice 馃嚠馃嚦 Mumbai 795 n/a
33
Veermata Jijabai Technological Institute (VJTI)vjti.ac.in

Renowned educational institution in Mumbai advancing knowledge and education in science and technology through research, innovation, and startup support

Education Administration Programs 馃嚠馃嚦 Mumbai 786 1887
34
Mumbai Port Trustmumbaiport.gov.in

Operates a port in Mumbai, India on the West coast, handling bulk cargo and connected to Nhava Sheva port for container traffic

Shipbuilding 馃嚠馃嚦 Mumbai 782 n/a
35
India Exim Bankeximbankindia.in

A financial institution established in 1982, providing financing and services to Indian exporters to promote foreign trade and support hi-tech exports

International Trade and Development 馃嚠馃嚦 Mumbai 751 1982
36
Maharashtra State Power Generation Co. Limited. (Mahagenco.)

An electrical/electronic manufacturing company in Mumbai, Maharashtra, India, specializing in power generation and distribution systems

Appliances, Electrical, and Electronics Manufacturing 馃嚠馃嚦 Mumbai 685 n/a
37
Grant Medical College & Sir JJ Group Of Hospitals, Mumbaigmcjjh.org

The company is a prestigious medical college affiliated with a prominent university, offering undergraduate and postgraduate degrees in medicine, with a large associated hospital network

Higher Education 馃嚠馃嚦 Mumbai 671 1845
38
Central Railwaycr.indianrailways.gov.in

Government administration company located in Mumbai, Maharashtra, India, specializing in Central Railway operations and management

Government Administration 馃嚠馃嚦 Mumbai 657 n/a
39
General Insurance Corporation of India (GIC Re)gicre.in

A leading Indian reinsurer with over 30 years of experience providing reinsurance solutions globally, including obligatory cessions, surplus treaties, and facultative acceptances

Insurance 馃嚠馃嚦 Mumbai 611 n/a
40
Bank of Barodabankofbaroda.in

Indian state-owned bank providing comprehensive financial services, headquartered in Gujarat, serving as the country's second largest banking institution.

Banking 馃嚠馃嚦 Mumbai 573 n/a
41
SBTCmahasbtc.org

The organization ensures the availability of safe and affordable blood and its components in Maharashtra as mandated by the Supreme Court

Wellness and Fitness Services 馃嚠馃嚦 Mumbai 140 n/a

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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 Oct 24, 2026.

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