ABSTRACT Climate-related hazards, urban development and changing vulnerability patterns compel cities across the world to deal with new and emerging forms of risk. Academic literature and recent international policy documents suggest potentials of conceptually and practically linking the fields of climate change adaptation (CCA) and disaster risk reduction (DRR) and emphasize the need to mitigate climate-related risks at local level. However, there is limited knowledge on how this link is established at local levels and the role of ground-level actors and practices therein. Using the case of recurrent and disastrous floods, this paper discusses the significance of linking DRR and CCA in Mumbai. It analyses policies, plans, institutions and interventions related to DRR and CCA and uses interviews and a field study to assess flood risk governance at the level of municipal wards and neighbourhoods. The findings suggest that although flood risk governance has been significantly strengthened, three gaps exist: First, a lack of a comprehensive plan for Mumbai that anticipates future risks and vulnerabilities and integrates CCA and DRR down to local level. Second, a lack of an overarching and decentralized institutional framework across sectors and scales that recognizes the multiplicity of formal and informal actors. Third, the potential of civil society and informal actors for disaster risk management and adaptation planning has not been tapped into sufficiently. The paper argues that potential exists to reconceptualize flood risk governance in Mumbai by focusing on future risks and vulnerabilities and by recognizing the work of informal actors like emergent groups at local level.