Security camera footage of the militants show fresh-faced youths seemingly enjoying the mayhem they have unleashed. From the Oberoi Hotel, one of the militants spoke to an Indian television channel.
"We want all mujahideens held in India released and only after that we will release the people," he said.
"Muslims in India should not be persecuted. We love this as our country but when our mothers and sisters were being killed, where was everybody?" he told the channel.
However, according to the Indian channel NDTV, the Indian Home Affairs Ministry says that no ransom demands have been made.
Rakesh Patel, who had escaped the Taj hotel Wednesday, told NDTV: "They had bombs, there was something, there was a lot of smoke, I guess there were bombs of some sort, yeah. They wanted anyone with British or American passports. Say anyone who had an American or British passports, they wanted to know, so I guess they were after foreigners, yeah, I guess," he said.
The hunt continues for those responsible. Times of India reports that, "Besides army commandos, naval commandos and Rapid Action force personnel joined in the operations to rescue those stranded in the two hotels. Five columns of Army and 200 NSG commandos have been rushed."
"We're going to catch them dead or alive," minister Patil told reporters. "An attack on Mumbai is an attack on India."
Associated Press and Reuters contributed to this report