Finding an affordable yet reliable software development company in Mumbai can feel overwhelming, especially with the city’s booming IT sector. Startups and SMEs often struggle to balance quality and budget, but Mumbai’s tech ecosystem offers hidden gems that deliver exceptional results without breaking the bank. In this guide, we’ll explore the top 10 affordable software development companies in Mumbai, their specialties, pricing models, and why they stand out in 2025.
Why Choose Mumbai-Based Software Development Companies?
Mumbai is India’s financial and technological hub, home to over 5,000+ IT firms ranging from global giants to boutique agencies. The city’s competitive market drives innovation and cost efficiency, making it a hotspot for businesses seeking:
- Cost savings (up to 40% lower than Western rates).
- Skilled talent (Mumbai’s IT workforce grows by 12% annually).
- Quick turnaround due to overlapping time zones with global clients.
According to a 2025 report by Gartner, Indian IT services remain a top choice for businesses prioritizing affordability without compromising quality. Let’s dive into Mumbai’s best budget-friendly options.
1. TechWave Solutions
Overview: Founded in 2015, TechWave Solutions specializes in custom web and mobile app development for startups. Their transparent pricing starts at ₹1.5 lakh ($1,800) for MVP development, making them a favorite for early-stage businesses.
Services:
- Mobile apps (iOS/Android).
- E-commerce platforms.
- Cloud integration.
Why They Stand Out: - Free post-launch support for 3 months.
- Client portfolio includes OYO Rooms and Zivame.
Pricing: ₹1.5 lakh – ₹10 lakh per project.
2. CodeCraft Technologies
Overview: CodeCraft Technologies focuses on AI-driven solutions for SMEs, with projects starting at ₹2 lakh ($2,400). Their team of 50+ developers excels in automating workflows for retail and logistics industries.
Services:
- AI/ML integration.
- ERP software development.
- DevOps services.
Why They Stand Out: - 95% client retention rate since 2018.
- Featured in Clutch’s Top 100 Indian IT Firms.
Pricing: ₹2 lakh – ₹15 lakh per project.
3. Sparx IT Solutions
Overview: Sparx IT Solutions offers full-stack development at ₹1.2 lakh ($1,450) for basic apps. They’ve delivered 300+ projects, including tools for healthcare and fintech startups.
Services:
- UI/UX design.
- SaaS platform development.
- QA testing.
Why They Stand Out: - 24/7 customer support.
- Agile methodology for faster delivery.
Pricing: ₹1.2 lakh – ₹8 lakh per project.
4. InnoApps Technologies
Overview: InnoApps Technologies is Mumbai’s go-to for blockchain and IoT solutions. Their entry-level blockchain app development starts at ₹3 lakh ($3,600), ideal for enterprises exploring decentralized systems.
Services:
- Blockchain development.
- IoT integration.
- Cybersecurity audits.
Why They Stand Out: - Partnered with IBM Cloud.
- Case studies published on Forbes Tech Council.
Pricing: ₹3 lakh – ₹20 lakh per project.
5. WebMantra Studios
Overview: WebMantra Studios focuses on SME-friendly web development, with packages starting at ₹80,000 ($960). They’ve built 500+ websites, including platforms for Mumbai’s hospitality sector.
Services:
- WordPress development.
- SEO-optimized websites.
- Digital marketing integration.
Why They Stand Out: - Free domain and hosting for the first year.
- 30-day revision period.
Pricing: ₹80,000 – ₹5 lakh per project.
6. Apptunix
Overview: Apptunix combines affordability with enterprise-grade app development, starting at ₹2.5 lakh ($3,000). Their clients include Mahindra Group and Decathlon.
Services:
- Cross-platform apps.
- AR/VR solutions.
- API integration.
Why They Stand Out: - 4.9/5 average client rating on Clutch.
- 15-day risk-free trial.
Pricing: ₹2.5 lakh – ₹18 lakh per project.
7. Mindbowser Infosolutions
Overview: Mindbowser Infosolutions caters to healthtech and edtech startups, with projects starting at ₹1.8 lakh ($2,160). They’ve built apps used by 1M+ users globally.
Services:
- Telemedicine platforms.
- LMS development.
- Data analytics.
Why They Stand Out: - Compliance with HIPAA and GDPR.
- Mentored by Google Launchpad Accelerator.
Pricing: ₹1.8 lakh – ₹12 lakh per project.
8. Konstant Infosolutions
Overview: With 20+ years of experience, Konstant Infosolutions offers scalable software solutions starting at ₹2.2 lakh ($2,640). They’ve served clients like Kellogg’s and UNICEF.
Services:
- Enterprise software.
- Mobile app modernization.
- Cloud migration.
Why They Stand Out: - Dedicated project managers.
- ISO 9001-certified processes.
Pricing: ₹2.2 lakh – ₹25 lakh per project.
9. Ficode Technologies
Overview: Ficode Technologies specializes in startup MVP development, with packages from ₹1 lakh ($1,200). Their lean approach helps businesses validate ideas quickly.
Services:
- MVP development.
- UI/UX prototyping.
- Investor pitch decks.
Why They Stand Out: - 48-hour MVP proposal delivery.
- 100+ seed-stage startups funded post-MVP.
Pricing: ₹1 lakh – ₹6 lakh per project.
10. Elluminati Inc.
Overview: Elluminati Inc. dominates on-demand app development, starting at ₹1.5 lakh ($1,800). They’ve built Uber-like apps for 50+ cities worldwide.
Services:
- Ride-hailing apps.
- Food delivery platforms.
- Real-time tracking systems.
Why They Stand Out: - White-label solutions.
- 1-year free maintenance.
Pricing: ₹1.5 lakh – ₹10 lakh per project.
Key Factors to Consider When Choosing a Company
- Portfolio: Review case studies in your industry.
- Pricing Model: Fixed-cost vs. hourly rates (Mumbai averages ₹1,200–₹2,500/hour).
- Client Reviews: Check Clutch, Google My Business, and Glassdoor.
- Post-Launch Support: Ensure bug fixes and updates are included.
Why Mumbai Outshines Other Indian Tech Hubs
- Lower operational costs than Bangalore or Hyderabad.
- Faster talent onboarding due to dense IT workforce.
- Government incentives for tech startups under Mumbai IT Policy 2023.
Final Thoughts
Mumbai’s software development landscape offers unmatched affordability and expertise for businesses of all sizes. Whether you’re a bootstrapped startup or an enterprise streamlining operations, the companies listed above provide tailored solutions to meet your goals. Pro Tip: Negotiate milestone-based payments to minimize risks.
Ready to launch your project? Shortlist 2-3 firms from this list, request free consultations, and compare proposals. For more insights, explore Gartner’s IT Spending Forecast or connect with industry peers on LinkedIn.