Derived from ranking history · never editorial
Record book — MNA·SMB
Records accumulate. A rank is an opinion refreshed each quarter; a record — held across consecutive quarters — is a historical fact no competitor can manufacture. Derived from ranking history, India.
Table records
Standing
| Organization | Current | Tenure at rank | Top-5 presence | Quarters ranked |
|---|---|---|---|---|
| Goldman Sachs India Investment Banking | R1 | 2 Q | 4 Q | 4 Q |
| Morgan Stanley India Investment Banking | R2 | 2 Q | 4 Q | 4 Q |
| Credit Suisse India (UBS Group) | R3 | 1 Q | 1 Q | 4 Q |
| Axis Capital | R4 | 1 Q | 1 Q | 4 Q |
| JM Financial Institutional Securities | R5 | 1 Q | 1 Q | 4 Q |
| Yes Securities | R6 | 1 Q | 0 Q | 4 Q |
| SBI Capital Markets | R7 | 1 Q | 0 Q | 4 Q |
| Anand Rathi Advisors | R8 | 1 Q | 0 Q | 4 Q |
| Kotak Investment Banking | R9 | 1 Q | 0 Q | 4 Q |
| Citi India Investment Banking | R10 | 1 Q | 0 Q | 4 Q |
| DSP Merrill Lynch (BofA) | R11 | 1 Q | 0 Q | 4 Q |
| IDBI Capital | R12 | 1 Q | 0 Q | 4 Q |
| Motilal Oswal Investment Banking | R13 | 1 Q | 0 Q | 4 Q |
| Edelweiss Financial Services | R14 | 1 Q | 0 Q | 4 Q |
| Ambit Capital | R15 | 1 Q | 0 Q | 4 Q |
| Avendus Capital | R16 | 1 Q | 0 Q | 4 Q |
| HDFC Bank Investment Banking | R17 | 1 Q | 0 Q | 4 Q |
| Nomura India Investment Banking | R18 | 1 Q | 0 Q | 4 Q |
| Equirus Capital | R19 | 1 Q | 0 Q | 4 Q |
| ICICI Securities | R20 | 1 Q | 0 Q | 4 Q |