Written By Team CFI
Typically, when you imagine a bank, you envision a scenario where people go to make deposits, withdraw cash and apply for loans. These banks are classified as Commercial Banks, which are a broad category of financial institutions.
In the investment industry, there is a completely unique type of bank that actively participates in advisory-based financial transactions on behalf of individuals, corporations, and governments. Investment Banks are banks that specialize in stocks, bonds, and other investment products. Investment banks such as JPMorgan Chase and Morgan Stanley are among the most well-known in the world.
Investing in India dates back to the beginning of the 19th century after European merchant banks established trading houses. Indian banking was influenced by foreign banks until the State Bank of India entered the market in the 1970s by establishing the Bureau of Merchant Banking, a division of the State Bank.
The Association of Investment Bankers in India (AIBI) reports that banking didn’t get a lot of attention until the 1980s. As early as the 1990s, the Securities and Exchange Board of India registered over 1500 bankers, and the number continued to rise (SEBI).
Top 10 Indian Investment Banking Companies
Leading Indian Investment Banking Companies
Over 300 investment banking firms operate in India today. A few of the leading contenders in the field are listed below.
- AXIS Capital
An important part of Axis Bank is Axis Capital Limited (ACL).
Axis Capital Limited, formerly Enam Securities Private Limited, is a subsidiary of Axis Bank. It is one of India’s biggest investment banking firms, specializing in boutique and mid-market services. The company’s authorized capital is Rs 17500.0 lakhs, and its paid-up capital is Rs 7350.0 lakhs or 42.0%.
- Avendus Capital
As an Indian-based investment bank, Avendus Capital specializes in asset management, investment banking, wealth management, and private placement services. An annual revenue of INR 15,137.41 lakhs was recorded in the company’s 2018-19 Annual Report, according to the report.
- Edelweiss Financial Services Limited
This company was formed by Rashesh Shah and is a part of a group of companies called the Edelweiss Group. As a result, the group serves a large and diverse clientele. Many services are offered, including debt capital transactions and asset management. In the fiscal year 2020, the company expects to earn INR 9602.63 Cr.
- J Financial Institutions Securities JM Financial Institutions Securities has a comprehensive view of banking, handling topics including mortgage lending to wealth management and troubled credit to brokerage services and asset reconstruction. They are very well known in the industry for providing private equity services. Big corporations, high-net-worth individuals, and retail investors are all clients of the firm. Their entire income for FY 2020 is INR 3453.33 Cr.
Also Read Investment Banking Course In Delhi
- IDBI Capital
IDBI Capital is a venture capital firm based in India.
IDBI Capital is an investment bank that provides a holistic range of services and products to its clients. It is a completely subsidiary of IDBI Bank that provides support in investment banking, underwriting, debt placement, capital market products, corporate consultancy, and a variety of other areas. It has a net worth of roughly INR 3 billion and engages more than 200 employees in 15 locations across India. In FY 2018, they made a total revenue of INR 95.57 crore.
- O3 Capital Global Advisory Services
O3 Capital Global Advisory Services is a company that provides global advisory services.
O3 Capital Global Advisory Services is a full-service mid-market investment bank serving individual, institutional, and corporate clients. Corporate finance and wealth management are two of their areas of expertise. Healthcare, life sciences, industrials, and financial services are among the companies that the firm concentrates on. The company has a Rs 125.0 lakh authorized capital and a Rs 120.38 lakh paid-up capital of 96.30096 percent. Their operating income ranges between INR1 crore and INR100 crore.
- ICICI Securities Limited is a financial services company based in India (I-Sec)
I-Sec is an ICICI Bank Ltd subsidiary that specializes in integrated securities. Financial institutions, companies, and retail investors all benefit from the firm’s consulting services. Some of the services provided by the business include private wealth management, retail broking, institutional broking, and the placement of initial public offerings. In FY 2020, their total revenue increased from INR 418.22 crore FY 2019 to INR 680.46 crore. The annual income for FY 2020 is INR 1724.94 Cr.
- Veda Corporate Advisors
Veda Corporate Advisors is a consulting firm that helps customers with mergers and acquisitions, private equity, buyouts, venture capital, and joint ventures. The company’s authorized share capital is Rs. 250,000, with a paid-up capital of Rs. 134,420.
- Unitus Capital
Investment banking firm Unitus-Capital is the first impact-based investment banking firm in India. It helps with initial venture finance and subsequent public offerings (IPOs).
- Spark Capital
Spark Capital is among India’s leading mid-market investment banking firms. The firm works with a variety of industries, including commerce, fintech, markets, and media.
Also read Investment Banking Course Online