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Mumbai is the capital of Maharashtra. Mumbai is the commercial and entertainment capital of India. LOcated in the city is some of the most important financial institutions such as Reserve Bank of India, Bombay Stock exchange, National Stock Exchange, SEBI. Some of India’s premier scientific and Nuclear institutes are located in Mumbai like BARC, NPCL, IREL, TIFR, AERB, AECI, and the Department of Atomic Energy. Bollywood, Marathi film and television industry is located in Mumbai. Larsen and Toubro, State Bank of India, Life Insurance Corporation of India, Tata Group, Godrej and Reliance are based in Mumbai. World Trade Centre has its branch in Mumbai.

The Indian Institute of Technology (Bombay), Veermata Jijabai Technological Institute (VJTI),University Institute of Chemical Technology (UICT), and SNDT Women's University are autonomous universities in Mumbai. Grant Medical College and Seth G.S. Medical College are the leading medical institutes affiliated with Sir Jamshedjee Jeejeebhoy Group of Hospitals and KEM Hospital respectively. National Institute of Industrial Engineering (NITIE), Jamnalal Bajaj Institute of Management Studies (JBIMS), S P Jain Institute of Management and Research are some of the premier educational institutions located in Mumbai. Government Law College and Sydenham College are based in Mumbai.The Sir J. J. School of Art is Mumbai's oldest art institution.
Mumbai house two prominent research institutions named the Tata Institute of Fundamental Research (TIFR), and the Bhabha Atomic Research Centre (BARC).