India’s investment banking fees hit Rs. 10,725 crore (US$ 1.3 billion) in 2025, Jefferies tops league table
- IBEF
- January 7, 2026
The investment banking sector in India generated total revenue of Rs. 10,725 crore (US$ 1.3 billion) in 2025, driven by strong deal flow and increased corporate activity. This revenue was primarily derived from advisory, financing, and mergers and acquisitions services, which together contributed the largest share of revenues for both international and domestic investment banking firms operating in India. The performance highlights the strength of India’s corporate finance ecosystem in adapting to changing macroeconomic conditions, with financial advisory services playing a crucial role in facilitating mergers and acquisitions, equity raising, and strategic capital market transactions across multiple industries and sectors.
Jefferies topped the league table for total investment banking fees in 2025, according to the report, which also highlighted Jefferies’ involvement in several high-profile transactions. Several large global and domestic banks also ranked highly in the league tables, indicating significant competition among international and domestic players in India’s expanding investment banking market. Analysts believe that the increase in fees can be attributed to improved investor confidence, continued corporate restructuring activities, and a growing need for capital-raising support among businesses. The rise in investment banking fees also reflects the dynamism of India’s financial services industry and its ability to attract deal-making activity across multiple sectors.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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