SEBI Registered Research Analysts in Mumbai
364 SEBI registered research analysts have a registered address in Mumbai, Maharashtra, as on August 3, 2026. That is 17.1 percent of every registered analyst in India.
The longest-registered analyst in Mumbai is Stakeholders Empowerment Services, on the register since January 2015. Length of registration says nothing about quality of research, but it does tell you the practice has been operating under SEBI supervision for that long.
All 364 analysts in Mumbai
Listed alphabetically, not ranked. We do not rate or recommend analysts.
360 ONE Distribution Services Limited
INH000011431
5 Circles Private Limited
INH000020004
A K Equities Private Limited
INH000025692
Aakanksha Gupta
INH000013457
Aayush Deepak Badade
INH000027229
Abakkus Asset Manager Private Limited
INH000023223
Abans Broking Services Private Limited
INH000006369
Abhijeet Ranganathan Ramachandran
INH000018443
Abhijit Chokshi (Proprietor: Stockifi)
INH000008376
Aditya Jain
INH000009588
Ajcon Global Services Limited
INH000001170
Akshay Pawan Kumar Jain
INH000027308
Alfaview Trading Research Private Limited
INH000025683
Alok Krushnakant Dharia
INH000008738
Alpha Plus Capital Associates LLP
INH000025203
AlphaGrep Advisors Private Limited
INH000025197
Alphamojo Financial Services Private Limited
INH000026202
Alt-Alpha Broking Private Limited
INH000027742
Ambit Capital Private Limited
INH000000313
Ambit Wealth Private Limited
INH000012494
Amit kori
INH000016533
Amit Shreeram Goel
INH000008011
Anand Rathi Share And Stock Brokers Limited
INH000000834
Angel One Investment Services Private Limited
INH000020305
Angel One Limited
INH000000164
Angel Securities Limited
INH000012430
Aniket Nerkar
INH000009162
Ankit Dinesh Mehta
INH000025577
Ankur Sharda Proprietor of Neev Technocom Co.
INH000028839
Anshul Pathania
INH000010751
Anshuman Chatterjee
INH000006314
Antique Stock Broking Limited
INH000001089
Apurva Anil Sharma Proprietor of RAAS Capital Research Analysts
INH000014526
Arete Securities Limited
INH100002615
Arisaig Partners (india) Private LTD.
INH000001006
Arpit Kothari Proprietor Wealth Trade Research
INH000013165
Arthscience Capital Research Private Limited
INH000019433
Ashika Stock Services Limited
INH000000206
Asian Markets Securities Private Limited
INH000001378
Asim Jain
INH000029184
Asit C Mehta Investment Interrmediates Limited
INH000016940
Axis Securities Limited
INH000000297
Ayushi Chauksey Adviser Private Limited
INH000021687
Banayantree Services Limited
INH000015640
Barclays Securities (india) Private Limited
INH000001519
Basant Maheshwari Wealth Advisers LLP
INH000017949
Beacon Capital Advisors Private Limited
INH000021377
Bilal Hussain Sadiq hussain Syed
INH000015400
BNP Paribas Securities India PVT LTD
INH000000792
Bob Capital Markets Limited
INH000000040
BofA Securities India Limited
INH000000503
BP Equities Private Limited
INH000000974
Brijesh Hemendra Bhatia
INH000022075
Bristlecone Consultants
INH000020262
CA Dharmendra Singh Songira
INH000021021
Canara Bank Securities LTD.
INH000001253
Capitalsquare Financial Services Private Limited
INH000014085
Caprize Investment Managers Private Limited
INH000015446
Centrum Broking Limited
INH000001469
Centrum Finverse Limited
INH000018337
Charts Pundit
INH000002046
Chasealpha Global Research Private Limited
INH000025531
Chetankumar Divakar Amin
INH000028185
Chillar Fintech Private Limited
INH000013369
Choice Equity Broking Private Limited
INH000000222
Citigroup Global Markets India Private Limited
INH000000438
Climb Capital Services Private Limited
INH000018151
Clsa India Private Limited
INH000001113
Cni Infoxchange Private Limited
INH000019512
Coheron Brokers Private Limited
INH000016773
Compounding Wealth Advisors LLP
INH000019983
CRISIL Limited
INH000007854
Dalal And Broacha Stock Broking PVT LTD
INH000001246
Dam Capital Advisors Limited
INH000000131
Damani Financial Services Pvt Ltd
INH000006712
Darashaw & Company Private Limited
INH000001360
Deutsche Equities India Private Limited
INH000001741
Devraj S Varshney
INH000026105
Dezerv Investments Private Limited
INH000014915
Dhanki Securities Private Limited
INH000001550
Dicholkar Ravindra A
INH000021438
Dimensional Securities Private Limited
INH000001444
Dipti
INH000005971
Divitiaeanalytics Private Limited
INH000023597
Drchoksey Finserv Private Limited
INH000011246
DSIJ Wealth Advisory Private Limited
INH000006396
Ebullient Consultancy LLP
INH000023755
Elara Securities (india) Private Limited
INH000000933
Elios Financial Services Private Limited
INH000023153
Elixir Equities Pvt. Ltd.
INH000004787
Emkay Global Financial Services Limited
INH000000354
Equiboost Finserv private limited
INH000020457
Equinomics Research Pvt Ltd
INH000007863
Equirus Securities Private Limited
INH000001154
Finterest Capital Research Private Limited
INH000012458
Fintesa Research Services Private Limited
INH000017569
Fintrics Capital Private Limited
INH000027919
Finverse Platform Private Limited
INH000028583
Foram Chheda
INH000007924
Fort Capital Investment Advisory Private Limited
INH000024851
Front Wave Research LLP
INH000018407
Ganesh Sandeep Nagarsekar
INH000008835
Gautam Pareek
INH000015093
Gautam Vora - Uljk Research
INH000006518
Gepl Capital Private Limited
INH000000081
Goldman Sachs (india) Securities Private Limited
INH000001493
GSB Securities Private Limited
INH000014094
Haitong Securities India Private Limited
INH000002590
Harjivandas Nemidas Securities Private Limited
INH000010584
Harnish Mahesh Shukla
INH000006642
Harsh Chandrashekhar Vaishnav
INH000024365
HDFC Securities Limited
INH000002475
Hedge Equities LTD
INH000004398
Hemindra Kishen Hazari
INH000000594
Himadri Ghosh Roy
INH000005500
Hitesh Amar Punjabi
INH000019318
Hriday Rajesh Dave
INH000026895
HSBC Securities And Capital Markets (india) Private Limited
INH000001287
Humaira Irfan Shaikh
INH000021580
ICICI Securities Limited.
INH000000990
IDBI Capital Markets and Securities Ltd
INH000002459
InCred Capital Wealth Portfolio Managers Private Limited
INH000023922
Incred Research Services Private Limited
INH000011024
Indeqnet Private Limited
INH000024930
Indiacharts Data Analytics Private Limited
INH000023630
Indira Securities Pvt Ltd
INH000023269
Indistock Securities Limited
INH000022817
IndusInd Securities Limited
INH000002384
Institutional Investor Advisory Services India Limited
INH000000024
Institutional Shareholder Services India Private Limited
INH000006554
Intensify Research Services Private Limited
INH000009834
Intensive Fiscal Services Private Limited
INH000012397
Inventure Growth & Securities Limited
INH000006129
Invest4edu Private Limited
INH000010113
Investec Capital Services (india) Private Limited
INH000000263
Investgoal Capital Advisors Private Limited
INH000024790
Investmently Research
INH000018294
Investobazar Wealth Nivesh Private Limited
INH000009861
Investology
INH000015297
Iti Securities Broking Limited
INH000001535
J G Shah Financial Consultants Private Limited
INH000011219
J.P. Morgan India Private Limited
INH000001873
Jai Shewaramani
INH000010681
Jamnadas Morarjee Securities LTD
INH000006794
Jamnadas Virji Advisory
INH000006697
Jamnadas Virji Shares & Stock Brokers PVT LTD
INH000007483
Javeri Fiscal Services LTD
INH000005537
Jeena Scriptech Alpha Advisors Private Limited
INH000006907
Jefferies India Private Limited
INH000000701
Jignesh
INH000004918
JM Financial Institutional Securities Limited
INH000000610
JM Financial Services Limited
INH000001196
Julius Baer Wealth Advisors (india) Private Limited
INH000002541
Jupiter Research & Advisors Private Limited
INH000026008
Jupiter Stock Brokers Limited
INH000013961
Jyoti Deviprasad Budhia
INH000002095
K.M Jain Stock Brokers Pvt Ltd
INH000015756
Kailash Karsandas Babhaniya
INH000021340
Kalpesh Rameshchandra Kaushik
INH000024602
Kamlesh Sheshmal Jain
INH000013493
Kantilal Chhaganlal Securities Private Limited
INH000001428
Karnik Kalpesh Shah
INH000023807
Kaviraj Securities Pvt. Ltd.
INH000005254
KBS India Limited
INH000024392
Kedar Dattatraya Oak
INH000001055
Keynote Capitals Limited
INH000007997
Khambatta Securities Limited
INH000000982
Khandwala Securities Limited
INH000015206
Kishore Suvarna
INH000009126
KJMC Capital Market Services Limited
INH000001642
Kotak Securities Limited
INH000000586
Kulneet Singh Gurmeet Singh Bindra
INH000014845
Kunal
INH000005263
Kunal Hasmukhlal Shah
INH000012908
Kunj B Bansal
INH000010760
L. F. C. Securities Private Limited
INH000028617
Laava Financial Technologies Private Limited
INH000023171
Lakshmishree Investment And Securities Limited
INH000014395
Latin Manharlal Securities Private Limited
INH000026169
LKP Securities Limited
INH000001758
Macquarie Capital Securities (india) PVT. LTD.
INH000000545
Maitreya Govind Mahajan
INH000008570
Mangal Keshav Financial Services LLP
INH000018319
Market Pulse Securities Private Limited
INH000024824
MarketWolf Securities Private Limited
INH000012379
Master Capital Services Limited
INH000002194
Mata Securities India Private Limited
INH000022668
Maximus Securities LTD.
INH000001147
Mayur Satish Samtani
INH000027566
Meghana Vishal Malkan
INH000001394
Mehta Equities Private Limited
INH000000552
Mintbyte Investment Services Private Limited
INH000028538
Mirae Asset Capital Markets India Private Limited
INH000007526
Mirza Arbaaz Baig
INH000024444
Mitesh Rajesh Parekh
INH000026840
Mohanish Sanghavi
INH000008172
Mohd Kasfur Dhuniyan
INH000012829
Mohd Sohrab Shaikh Proprietor of M J Research Services
INH000015376
Mohit Prakash Gaba
INH000002079
Mojo Markets Private Limited
INH000021942
Monarch Networth Capital Limited
INH000000644
Moneycontrol Dot Com India Limited
INH000029254
Moneyman Investment Services Private Limited
INH000025382
Morgan Stanley India Company Private Limited
INH000001105
Motilal Oswal Financial Services Limited
INH000000412
Mudit Bali
INH000010283
MW Stuudio Private Limited
INH000027362
Nafa Asset Managers Private Limited
INH000007809
Narendra Bhimaram Prajapati
INH000007562
Nayan M. Vala Securities PVT LTD
INH000000677
Neha Vijay Sondhi Proprietor of Stock Wise IQ
INH000018920
Neo Wealth Management Private Limited
INH000025674
Nidhi Chokhani
INH000022330
Nikhil Dayanand Baljekar
INH000009001
Nirav Dilip Desai
INH000004440
Nirmal Bang Equities Private Limited
INH000001436
Nirmal Bang Securities Private Limited
INH000001766
Nishit Bipin Doshi Proprietor Of Vidyasagar Investments
INH000017198
Nomura Financial Advisory And Securities (india) Private Limited
INH000001014
Nooresh Merani
INH000008075
NU Investors Technologies Private Ltd
INH000016764
Nuvama Wealth and Investment Limited
INH000011103
Nuvama Wealth Management Limited
INH000011316
Octanom Tech Private Limited
INH000009825
Omkara Capital Private Limited
INH000008206
Omniscience Capital Advisors Private Limited
INH000020077
One Centurion Ventures Private Limited
INH000023968
Onepaper Research Analysts Pvt Ltd
INH000008093
Opulent Investment Adviser PVT LTD
INH000007669
Padmakshi Financial Services Private Limited
INH000026406
Palak Vikas Jain
INH000017718
Palette Wealth Management Private Limited
INH000021669
Pankaj Mangaldas Securities PVT LTD
INH000013341
Paresh
INH000004592
Paresh Ram Desai
INH000028042
Pawandeep Singh Bhatia
INH000011033
Phillip Capital (india) PVT. LTD.
INH000001345
Pioneer Wealth Management Services Limited
INH000010052
Porecha Securities
INH000004495
Prabhudas Lilladher Private Limited
INH000000271
Prakash Gaba
INH000001022
Prashant P. sawant
INH000008899
Prathmesh Jaiprakash Gupta
INH000027788
Pritam Prabodh Deuskar
INH000005397
Pritam Samarth
INH000018814
Profitmart Securities Pvt Ltd
INH000005582
Profocus Value Private Limited
INH000028893
Progressive Share Brokers PVT LTD
INH000000859
Quantace Research and Capital Private Limited
INH000018258
Quantum Information Services Private Limited
INH000021128
Raedan Capital Pvt Ltd
INH000022631
Raheja Stock Brokers Private Limited
INH000011228
Rahul Bhandawat
INH000008084
Rahul Ranka
INH000021085
Raise Securities Private Limited
INH000023357
Raja Chandrashekhar Venkatraman
INH000016223
Rajendra Harishchandra Jadhav
INH000021881
Rajesh Jain (Proprietor: Jinanand Research Analyst)
INH000008215
Rajesh Sudhakar Prabhudesai
INH000023685
Rajeshwara Pandian Proprietor Of Easy Share Services
INH000013590
Raksha Nana Vaidya
INH000025601
Ramesh Nair
INH000017684
Rangaone Finwala Private Limited
INH000022552
Reema Chhabra Bindra
INH000024286
Renaissance Smart Tech Private Limited
INH000021818
Rishi Dilip Mody
INH000027326
Rohan
INH000032382
Rohan Tyagi
INH000010724
Rohit Deepak Kripalani
INH000021298
Rohit Mohan Dhanani Proprietor of Krid Capital
INH000020855
Ronak Moondra
INH000010274
Sachin Gupta
INH000010168
SAGAR MADHUSUDAN DHAWAN Proprietor of SAGAR DHAWAN
INH000025911
Sakshi Gaurav Jalan
INH000021313
Salonee Sanghvi Proprietor My Wealth Guide
INH000008677
Sam Fintech
INH000016791
SAMCO Securities Limited
INH000005847
Sameer Satish Mekde
INH000010946
Sanctum Wealth Private Limited
INH000003051
Sandeep M. Wagle
INH000005050
Sandip Sabharwal
INH000008109
Sanford C. Bernstein India Private Limited
INH000006378
Sanjay Harilal Satra proprietor of Sanjay Harilal Satra
INH000026275
Sanjay Krishna Lad Proprietor of Murlix Easy Invest
INH000024037
Santosh Kumar Karmraj Pasi
INH000009533
Sarita Pansari As Proprietor Of Jupiter Research And Advisors
INH000016922
Saumil Tushar Naik
INH000027344
SBI Capital Markets Limited
INH000007429
Sbicap Securities Limited
INH000000602
Sharad Mishra
INH000005908
Sharan Basant Lillaney
INH000020101
Sharekhan Limited
INH000006183
Shaziya Noor Mohammad Shaikh
INH000025434
Shilpa Stock Broker PVT. LTD
INH000000776
Shivansh Kariwala
INH000016931
Shriram Sreenivasan
INH000010131
Shubh Consultancy
INH000015826
Shubham Agarwal (Proprietor of Quantsapp Advisory)
INH000006332
Shubham Rajendra Jain
INH000013554
Sidharth Singh Dau Singh Rajput Proprietor The Stock Savvy
INH000016612
Sitanshu Gala (Proprietor: PowerTrade Equity and Advisory Services)
INH000008552
Skillintellect LLP
INH000025568
SM Research Services Private Limited
INH000017736
Smit Hiren Ruparel
INH000023515
Sneha Vasudeo
INH000012616
Solomon Henry Pinto
INH000009630
Somil Pushpakant Visaria
INH000022695
Sonali Talreja
INH000012698
SSJ Finance & Securities PVT LTD
INH000001527
Stakeholders Empowerment Services
INH000000016
Standard Chartered Bank
INH000002814
Standard Chartered Securities (india) LTD
INH000000966
Statlane
INH000013156
Stock Genius
INH000010618
Stockera Technology Private Limited
INH000019071
Stratzy Fintech Private Limited
INH000009180
Sudip Bandyopadhyay
INH000013031
Sumit Poddar Proprietor Tikona Capital
INH000009807
Sunidhi Securities & Finance LTD.
INH000001329
Sunil Kamdar
INH000005935
Suresh Rathi Securities PVT. LTD.
INH000004413
Suresh Shriram Sharma
INH000000651
Sushil Financial Services Private Limited
INH000000867
Sushil Kedia (sole Proprietor Of Kedianomics)
INH000002947
Swapnil Sanjay Shinde
INH000018504
Swastika Investmart Limited
INH000024073
Sykes & Ray Equities (I) LTD
INH000001337
Systematix Shares & Stocks (I) LTD
INH200000840
Tata Securities Limited
INH000002053
Thakkar Finserv
INH000017763
The Omniscient Securities PVT. LTD.
INH000018531
Thobani Saif Shabbir Proprietor Of Vantage Research
INH000021517
Time & Tide Advisors LLP
INH000019345
TM Investment Technologies Private Limited
INH000009445
Trade Edge Research Services
INH000007553
Tradebook Consultancy Services Private Limited
INH000023816
Trading Brain 4u
INH000009418
Trudence Capital Advisors Private Limited
INH000015747
Truenova Investment Private Limited
INH000026044
Trust Financial Consultancy Services Private Limited
INH000001543
UBS Securities India Private Limited
INH000001204
ULJK Financial Services Private Limited
INH000029041
Vaibhav Khare Proprietor Of Knova Wealth Financial Services
INH000027210
Vedant Aditya Wanchoo, Proprietor of CGI
INH000013970
Vedant Kelkar
INH000019266
Vedika Dhruvin Bhanusali
INH000024666
Ventugrow Consultants Private Limited
INH000018762
Ventura Securities Limited
INH000001634
Vijay Mahendra Thakkar proprietor of Vijay Thakkar
INH000022844
Vikabh Securities Private Limited
INH000017657
Vineet Ashwinikumar Chawla
INH000008190
Vipin Hariram Yadav
INH000025522
Vishal Ravindra Bhurke
INH000018106
Vispi
INH000005740
Vivek prashant
INH200006929
Wallfort Financial Services Limited
INH000001824
Waves Strategy Advisors
INH000001097
Waya Financial Technologies Private Limited
INH000010876
Wealthculture Advisory Services Private Limited
INH000025805
WealthTrust Capital Services
INH000008996
WealthTrust Capital Services
INH000011149
Yes Securities (india) Limited
INH000002376
Yohan Imran Doka
INH000028529
Zanil Shah
INH000013907
Questions about finding an analyst in Mumbai
- How many SEBI registered research analysts are there in Mumbai?
- SEBI's register listed 364 research analysts with a registered address in Mumbai as on August 3, 2026. That is 17.1 percent of all 2,134 registered analysts in India. Of these, 229 are firms and 135 are individual analysts.
- How do I check an analyst in Mumbai is genuinely SEBI registered?
- Every analyst on this page has a registration number beginning with INH, shown on their profile. Verify that number against the official register on the SEBI website before paying for research or acting on a recommendation.
- Do I have to use an analyst based in Mumbai?
- No. A SEBI registered research analyst anywhere in India can take you on as a subscriber, and research is normally delivered by report or email rather than in person. Choosing someone in Mumbai matters mainly if you want to meet face to face.
Other cities in Maharashtra
Compiled from SEBI's public register of Research Analysts as on August 3, 2026. Registration details change: always confirm someone's current status on the official SEBI register before engaging them.
Inclusion in this directory is not an endorsement, recommendation, or assessment of any analyst. The Rational Investor is not affiliated with SEBI or with anyone listed, receives no payment for listings, and does not verify the services analysts offer. Read our full disclaimer.