The Sanghvi brothers, who were on the run since the incident, were arrested from the Andheri area here, additional commissioner of police S Jaikumar told PTI.
The police had on Tuesday arrested Vishal Kariya, a hotelier, for allegedly giving shelter to the Sanghvi brothers and Abhijeet Mankar -- owners of the '1 Above' pub.
The trio has been booked for culpable homicide not amounting to murder and other offences under the Indian Penal Code.
Police had also announced a reward of Rs 100,000 for information about their whereabouts.
Mankar was still absconding.
On December 29, a fire had swept through the '1 Above' and adjacent Mojo's Bistro resto pub in Kamala Mills compound in central Mumbai, resulting in the death of 14 people.
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