Elections to BMC are expected to be held next month.
While announcing names of 24 candidates, Azmi said their selection was based only on merit, and the party was going to fight the elections solo.
"We shortlisted the names of these candidates after a due procedure in which our leaders ascertained the qualities and merit of the candidates. We have not compromised on credentials of the candidates," Azmi said.
SP has currently nine elected corporators in BMC, the country's richest municipal body.
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The SP leader claimed that Asaduddin Owaisi-headed MIM does not pose any threat to its vote-share.
"People of Mumbai are not going to accept candidates of this party (MIM). Their candidates will be rejected by the politically alert voters," said Azmi, MLA from Shivaji Nagar here.
About the infighting in SP in Uttar Pradesh, he said it was "unfortunate", and added that party supremo Mulayam Singh Yadav must show faith in his son's (Chief Minister Akhilesh Yadav's) ability.
"Mulayam Singh-ji should hand over the party affairs to his son Akhilesh Yadav for three months. He (Akhilesh) would certainly prove himself, as we are sure he will form our party's government once again in UP," he said.