Lodha Capital Markets

What Lodha Capital Markets does

Lodha Capital Markets is a privately held, India-based mid-market investment bank founded in 1995 and headquartered in Kolkata, with a second office in Mumbai's Nariman Point financial district. The firm is registered as a Category I Merchant Banker with the Securities and Exchange Board of India (SEBI), a regulatory standing that has been continuously held since November 1995. It serves family-owned businesses, venture- and private equity-backed founders, and listed enterprises, providing advisory services across domestic and cross-border mergers and acquisitions, equity capital raising, IPO advisory, and corporate restructuring.

The firm operates four integrated service lines, namely Equity Capital Raise, M&A Advisory, IPO Advisory, and Corporate Restructuring, delivered through a direct, senior-led engagement model rather than a productized or technology platform. Its competitive positioning is built on a 30-year track record (with named recognition among the top ten mid-market investment banks in India by Venture Intelligence), a network of institutional investors and global strategics, and an exclusive India partnership with the REACH Cross-Border M&A network, which links 24 advisory firms across 30 countries that have collectively closed over 1,800 transactions worth more than Euro 60 BN since 2010.

The revenue model is transaction-based: success fees tied to deal closure across M&A, capital raises, IPO mandates, and restructuring engagements, with pricing quoted per engagement rather than disclosed publicly. With 11-50 employees, the firm operates as a boutique, relying on relationship-driven origination and execution rather than scale, and it has no disclosed external institutional ownership, parent company, or subsidiaries.

Name

Lodha Capital Markets

Legal name

Lodha Capital Markets

Website

https://lodhacapitalmarkets.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Lodha Capital Markets is a SEBI Category I-registered mid-market investment bank in India, founded in 1995 and headquartered in Kolkata with a Mumbai office, providing M&A advisory, equity capital raising, IPO advisory, and corporate restructuring to family businesses, VC/PE-backed founders, and listed enterprises.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Investment Banking and Securities Intermediation (52315), Investment Banking and Securities Intermediation (523150)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Industry-Specialist / Sector-Focused M&A Advisory (FSAEAGAJ)

akta.pro secondary industries

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Investment banking
• M&A advisory
• Equity capital raising
• IPO advisory
• Corporate restructuring

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. M&A Advisory Fees: Transaction-based advisory fees for mergers and acquisitions services, including domestic and cross-border M&A transactions. Fees are typically structured as success fees tied to deal closure.
2. Capital Raising Advisory: Advisory fees for equity capital raise transactions, including growth capital funding, private equity funding, and liquidity events for shareholders.
3. IPO Advisory: Strategic advisory fees for companies pursuing IPO, including pre-IPO structuring, intermediary selection, and listing support.
4. Corporate Restructuring Advisory: Advisory fees for corporate restructuring engagements including design, tax implications, and implementation support.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Lodha Capital Markets is a mid-market investment bank providing M&A advisory, equity capital raising, IPO advisory, corporate restructuring, and business valuation services to Indian mid-market companies. The firm is registered with SEBI as a Category I Merchant Banker and is the exclusive India partner of the REACH Cross-Border M&A network, enabling cross-border transaction support for clients.

Product overview

Lodha Capital Markets is a mid-market investment bank offering four integrated financial advisory services: Equity Capital Raise, Mergers & Acquisitions, IPO Advisory Services, and Corporate Restructuring. These services are provided as a unified advisory platform where the firm leverages its deep investor network and cross-border expertise through the REACH partnership to serve family-owned businesses, VC/PE-backed founders, and listed enterprises.

Differentiator

Problem solved

Functional benefit

Products and services

• M&A Advisory
• Equity Capital Raising
• IPO Advisory
• Corporate Restructuring
• Business Valuation

Quantifiable outcome

• Over 1,800 transactions worth over Euro 60 BN closed by REACH partners since 2010
• +1 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• REACH Cross-Border Mergers & AcquisitionscoreStrategic or Co-development Partner · 1 November 2025Lodha Capital Markets is the exclusive India partner of REACH Cross-Border M&A. Established in 1999, REACH is a worldwide partnership of 24 M&A advisory firms operating across 30 countries. REACH partners have closed 1,800 transactions worth over Euro 60 BN since 2010. The partnership provides LCM's clients with global access combined with local expertise of REACH's member firms to execute cross-border M&A strategies.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Keynote Capital: Indian mid-market investment bank offering M&A advisory, capital raising, and corporate advisory. Comparable in service breadth, mid-market positioning, and founder/family-business focus.
• Centrum Capital: Diversified Indian financial services group with a mid-market investment banking franchise covering M&A, capital raising, and restructuring. Comparable to Lodha in service offering and mid-market Indian client focus.
• Singhi Advisors: Boutique Indian M&A advisor focused on mid-market sell-side, buy-side, and cross-border transactions. Closely comparable in service scope, mid-market positioning, and cross-border M&A emphasis via international partnerships.
• Avendus Capital: One of India's leading mid-market investment banks, providing M&A advisory, equity capital markets, and structured finance to mid-market and growth companies. Directly comparable to Lodha as a domestic mid-market IB competing for the same founder, family-business, and PE-backed mandates.
• Spark Capital: Mid-market Indian investment bank focused on M&A advisory and capital raising. Directly comparable in service mix (M&A, equity capital markets, advisory) and target client base of family businesses and growth-stage companies.
• JM Financial: Indian full-service investment bank with strong mid-market M&A advisory and capital markets franchises. Competes with Lodha across equity capital raising, IPO advisory, and M&A mandates for Indian family-owned and PE-backed companies.
• Motilal Oswal Investment Banking: Investment banking arm of Motilal Oswal providing M&A advisory, equity capital markets, and PE placement to mid-market Indian companies. Comparable in transaction-based fee model and mid-market India focus.
• Vivro Financial Services: Mid-market Indian investment bank with M&A advisory, equity capital markets, and restructuring services. Comparable boutique-style offering to Lodha, particularly in the Indian mid-market segment.
• Allegro Advisors: India-focused mid-market M&A and corporate finance advisory. Directly comparable as a boutique advisor serving family businesses, founders, and PE funds on cross-border and domestic M&A.

Broad incumbents

• ICICI Securities: Large Indian investment bank offering capital markets, M&A, and corporate advisory. A larger incumbent that competes with Lodha on mid- and large-cap mandates, with broader resources and distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lodha-capital-markets

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lodha Capital Markets