Munify

Transforming Municipal Finances for Urban Infrastructure

From transparent data to credit grades and financing platform — building India’s cities of the future.

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India’s First National Municipal Finance Database

Unifying 250+ Municipal Corporations, 5,000+ documents, and 2,300+ graphs into one transparent platform.

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Benchmarking India’s Cities with Credit Grades

Comparing 25+ indicators across municipal corporations—own-source revenues, capital spend, debt ratios, and more.

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Expert Research & Advisory for Municipal Finance

Tailored insights and guidance for governments, banks, and investors — leveraging Munify’s database to shape smarter policies, strategies, and financing decisions.

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Connecting Municipal Projects with Green Finance

A marketplace matching ULB projects with banks, investors, and climate funds.

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Who We Are

We started our database with a simple question: why is it so hard to find a municipal budget?

That question led us to build India’s largest municipal finance library. From PDFs and Excel sheets, we moved toward a vision much bigger: a living database that makes municipal finances transparent, comparable, and usable. Today, Munify empowers governments, banks, investors, and citizens to make smarter decisions about urban infrastructure. With data, credit research, and financing tools, we are turning municipal finance from an opaque challenge into an opportunity for growth, investment, and sustainability. Because when city finances are strong, our cities are stronger.

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Leadership

K. Subalakshmi (Lakshmi)

Founder & CEO

Chartered Accountant with 20+ years in credit ratings, former Head of Public Finance & Infrastructure Ratings at CRISIL. Founded Munify in 2021 to build India’s first municipal finance database.

Prasad Mangipudi

Director, Marketing

IIM Ahmedabad alumnus with 24+ years in consumer, pharma, and sports sectors. Leads Munify’s outreach and partnerships.

Uttara Raghunathan

Head of Operations

Chartered Accountant and ex-Ramco consultant. Oversees data operations and delivery.

Srinivasa Gopal

Head of Technology

IIT Madras graduate and senior IT architect. Leads Munify’s technology development.

MUNIFY Insights - Unlock the Power of Municipal Data

Turning complex municipal data into clear, actionable insights for policymakers and investors.

6000+

Budgets and reports library

250+

Cities municipal analysis

2300+

Visualizations dashboard

25+

Indicators credit scores

What We Do?

Municipal Analysis

Access curated data and in-depth analysis on municipal finances, economic indicators, project expenditures, property tax collections, and urban service levels — all in one place.

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Munify Rankings

Discover our proprietary credit scoring and ranking system for municipal corporations, based on financial health, transparency, revenue performance, and key service metrics.

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Dashboard

An interactive, visual dashboard offering a bird’s eye view of municipal financials, enabling easy comparison, trend analysis, and data-driven insights.

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Municipal Bonds

Explore the details of municipal bonds issued since the inception of the bond markets in 1998.

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Library

A comprehensive repository of municipal budgets, financial reports, and audited statements from across India.

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How We Do It

Collect & CurateBudgets and accounts from 250+ municipal corporations
Standardize & NormalizeProprietary taxonomy aligned with national manuals
Validate & EnrichEconomic, tax, and service-level context
Analyze & VisualizeDashboards, credit scores, and AI tools
Research & AdvisoryInsights and guidance for governments, banks, and investors

What Makes Us Different

Munify transforms how municipal corporations are understood and financed. With standardized data from 2012–13 onwards, an SQL-driven database, dashboards, and credit scores for 200+ cities, we enable deep analysis, provide research and advisory services, and connect municipal projects with banks, investors, and climate funds.

MUNIFY Subscription

Choose a Plan That Matches Your Data Needs

Flexible access to India's most comprehensive municipal finance database — from basic usage to full analytics and benchmarking tools.

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Free Plan

Always free

Access to Library (5 documents/month)
Basic Dashboard
Bonds, Financial, and Ranking Modules

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Limited Plan

₹3,000 / Month

Billed annually

Full Library Access
Dashboard Module
Bonds Module
Financial Module (Subscribed States only)
Ranking Module

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Standard Plan

₹20,000 / Year

Billed annually

All Modules Included (except Ranking)
Full Financial Analytics
Downloadable Datasets
Rankings

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₹45,000 / Year

for teams & institutions

All Modules + Munify Rankings
Multi-user Access
Priority Support & Custom Datasets
Dedicated Onboarding

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Testimonials

Munify's depth of municipal financial data and its thoughtful structuring make it a powerful platform for rigorous research and policy analysis. It significantly lowers the barrier to high-quality work on municipal finance in India. Dr. Madhu Kalimipalli Ph.D, (Professor of Finance, Wilfred Laurier University)

Munify's data-driven approach offers a practical pathway to expand municipal financing beyond large cities. It is well positioned to support innovative financing models for smaller urban local bodies. Samir Shah,(Executive Co-Chair, Dvara Holdings)

Munify provides the most comprehensive, comparative and thoughtful research on municipal finance in India. As investor interest grows in potential municipal assets, the market can count on this research to facilitate its selection, and monitoring of municipal investments. William Streeter(Infrastructure Finance Specialist)

During my time at NIUA, I worked closely with Munify to develop a co-branded municipal finance dashboard. Munify's objective of enriching municipal finance data, analyses, and visualisations, and making them accessible for informed policy and decision-making, was clearly reflected in the platform's quality and structure. Such data-driven tools are critical for strengthening evidence-based urban governance in India. Hitesh Vaidya(Former Director, National Institute of Urban Affairs (NIUA))

Munify's platform significantly reduces the effort required to analyse municipal finances and assess city readiness for financing. It is especially useful for consultants and institutions working directly with urban local bodies. Sujatha Srikumar,(Independent Municipal Finance Consultant)

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