A field completely different from commercial retail banking, investment banking entails managing and raising capital through debt and/or equity for HNIs (High Net Worth Individuals), corporations and governments. They also provide guidance for mergers and acquisitions, buybacks and other ancillary financial advisory services. Investment banking is a growing industry in India, and there are many good opportunities available for graduates in both foreign and Indian investment banks. However, due to the numerous investment banking companies operating in the industry, it can be difficult to recognize which investment banks are the best and most reputed in India. List of the most prominent top 14 investment banks in India 2021:
Axis Capital
A fully owned subsidiary of Axis bank, Axis Capital is one of India’s leading investment banks with an aim to provide specialized solutions in investment banking and institutional equities. It has raised Rs. 3580 billion since 2015, and offers services in mergers and acquisitions, equity capital markets, private equity and structured finance.
SBI Capital Markets (SBICAP)
SBICAP is one of the largest investment banking companies in India. It offers investment banking and corporate advisory services, helping corporations and institutions with raising capital, private equity, mergers and acquisitions and stressed asset resolution. A subsidiary of the State Bank of India, SBICAP is a large and prominent investment banking company in India.
ICICI Securities
A subsidiary of ICICI bank, ICICI securities aims to meet the three needs of all its clients: borrowing, investment and protection. A registered SEBI stockbroker, merchant banker, portfolio manager and investment banker, it provides a large variety of services and is a renowned investment bank of India.
YES Securities
The investment banking and stock brokerage arm of YES Bank, YES Securities assists its clients with private equity and capital market fundraising, mergers & acquisitions, and restricting liquidity. Founded in 2013, YES Securities is a young and fast-growing investment banking company that is building its name and reputation in India.
Morgan Stanley
A well renowned America-based investment bank, Morgan Stanley was founded in 1931 and provides various financial services such as wealth management, research, investment management etc. It is one of the most reputed investment banks not only in India but the entire world, and its large deal wins in India can also open up global opportunities for its employees.
Kotak Investment Banking
A subsidiary of Kotak Mahindra Bank, Kotak Investment Banking is one of the leaders in the investment and financial services industry in India. It offers capital-raising management, mergers & acquisitions advice, private equity and infrastructure advisory. It is an experienced investment banking company operating since 1991, and has unmatched repute in the industry.
JP Morgan
An America-based global investment banking and financial services provider, it is one of the largest banks worldwide and provides financial and investment services such as risk management, strategic advice and capital raising support to major institutions, corporations, and governments, and is building its dynamic presence in India.
Citibank
Citibank was founded in 1812 as a commercial retail bank, but has grown to include institutional services in its business. It provides markets and securities services and capital markets advisory, and has global consumer and investment banking services with a significant presence in India.
Bank of America Securities (BofA Securities)
One of the largest investment banks in the world, BofA Securities is the investment banking division of the renowned Bank of America Merrill Lynch. It works with 95% of the US Fortune 1000 companies, and offers investment banking services in mergers and acquisitions, capital markets, research and investment solutions. It has been operating in India since 1964, and is an established name in the investment banking industry.
Avendus Capital
A well-renowned investment bank of Indian origin, Avendus Capital was founded in 1999 and offers solutions for asset management, wealth management, credit and investment banking to its clients. With an income of 15000+ lakhs in 2018-19 and a record number of 22 deal wins in 2020, it has grown to become one of the largest investment banks in India.
Goldman Sachs
Goldman Sachs, one of the top investment banks globally, has an established presence in Indian markets as well. It provides global advisory and investment services, and has handled some of the biggest financial transactions in India, such as Reliance’s $7 billion rights issue in 2020 or Walmart’s $17 billion acquisition of Flipkart in 2018. Synonymous with pride and prestige, Goldman Sachs is undoubtedly one of the best investment banks present in India.
Ambit Corporate Finance
Founded in 1997, Ambit is one of the leading providers of financial advisory and investment banking services in India. Its operations are segregated into five core business groups: Corporate Finance & Equity Capital Markets, Asset Management, Institutional Equities & Research, Global Private Clients and SME Lending. It is one of the biggest names in investment banking in India.
JM Financial Institutions Securities
Founded in 1988, JM Financial provides diversified financial services such as investment banking, asset reconstruction and management, mortgage lending, private equity and wealth management in India. It is headquartered in Mumbai, and is one of the rising investment banking companies in India.
Edelweiss Financial Services
Part of the conglomerate Edelweiss group, Edelweiss financials was founded in 1995 and is one of the most successful investment banks in India. It offers investment and advisor services in capital markets, asset management and wealth management, and also provides retail credit and insurance. Headquartered in Mumbai, it is one of the premier financial services companies in India.
That concludes our list of the top investment banks in India. India has a wide variety of both Indian and foreign investment banks, which can make it difficult to identify the most prestigious and reputed companies among them. The best investment banks offer first-class services to their clients and give the best packages to their employees, differentiating them from other companies present in the industry. If you liked this article, please comment and share.