Who are the largest brokerage firms in India?

Data for April 2022 (XLS - Archived Version) -

Symbol Meaning | :large_blue_circle: - No change | :green_circle: - Moved up | :red_circle: - Moved down | :yellow_circle: - Newly added |

S.No Trading Member Name (aka Name of Stock Broker) Active Clients Since last month Change
1 ZERODHA BROKING LIMITED 6396714 +119280 :large_blue_circle:
2 RKSV SECURITIES INDIA PRIVATE LIMITED (UPSTOX) 5768842 +553319 :large_blue_circle:
3 NEXTBILLION TECHNOLOGY PRIVATE LIMITED (GROWW) 4063750 +215795 :large_blue_circle:
4 ANGEL ONE LIMITED 3791032 +133482 :large_blue_circle:
5 ICICI SECURITIES LIMITED 3073625 +42433 :large_blue_circle:
6 5PAISA CAPITAL LIMITED 1718734 -35596 :large_blue_circle:
7 KOTAK SECURITIES LTD. 1281875 +25874 :large_blue_circle:
8 HDFC SECURITIES LTD. 1147623 +6359 :large_blue_circle:
9 IIFL SECURITIES LIMITED 1139646 +6880 :large_blue_circle:
10 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 903837 +6986 :large_blue_circle:
11 SHAREKHAN LTD. 754029 -10221 :large_blue_circle:
12 SBICAP SECURITIES LIMITED 635376 -8 :large_blue_circle:
13 PAYTM MONEY LTD. 434558 +30182 :green_circle:
14 AXIS SECURITIES LIMITED 418721 -3637 :red_circle:
15 CHOICE EQUITY BROKING PRIVATE LIMITED 260967 +7182 :green_circle:
16 GEOJIT FINANCIAL SERVICES LIMITED 234973 +427 :green_circle:
17 EDELWEISS BROKING LIMITED 197798 +4757 :green_circle:
18 RELIGARE BROKING LIMITED 165892 +476 :green_circle:
19 SMC GLOBAL SECURITIES LTD. 160987 +977 :green_circle:
20 ALICE BLUE FIN SVCS P LTD 148856 -541 :green_circle:
21 NIRMAL BANG SECURITIES PVT. LTD. 134615 +929 :green_circle:
22 FYERS SECURITIES PRIVATE LIMITED 129671 +5519 :green_circle:
23 MARWADI SHARES AND FINANCE LIMITED 125826 +416 :green_circle:
24 RELIANCE SECURITIES LIMITED 106462 -739 :green_circle:
25 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 105502 +825 :green_circle:
26 BAJAJ FINANCIAL SECURITIES LTD. 95748 – :yellow_circle:
27 JAINAM BROKING LIMITED 90594 +598 :green_circle:
28 SAMCO SECURITIES LIMITED 77003 -727 :green_circle:
29 NJ INDIA INVEST PRIVATE LIMITED 75771 +1420 :green_circle:
30 TRADEBULLS SECURITIES (P) LTD. 72865 -110 :green_circle:
31 SWASTIKA INVESTMART LIMITED 72129 +1927 :green_circle:
32 IDBI CAPITAL MARKETS & SECURITIES LTD. 70804 +4165 :green_circle:
33 PROFITMART SECURITIES PRIVATE LIMITED 70373 +124 :large_blue_circle:
34 ADITYA BIRLA MONEY LIMITED 68714 +422 :green_circle:
35 DHANI STOCKS LIMITED 58744 -174 :green_circle:
36 JM FINANCIAL SERVICES LIMITED 58376 +639 :green_circle:
37 SHCIL SERVICES LIMITED 56535 +524 :green_circle:
38 MASTER CAPITAL SERVICES LIMITED 54386 +519 :green_circle:
39 BONANZA PORTFOLIO LTD. 51091 +490 :green_circle:
40 GLOBE CAPITAL MARKET LIMITED 47960 +452 :green_circle:
41 ARIHANT CAPITAL MARKETS LIMITED 42562 +257 :green_circle:
42 PRABHUDAS LILLADHER PVT. LTD. 40541 +438 :green_circle:
43 SHRI PARASRAM HOLDINGS PVT. LTD. 34654 +130 :green_circle:
44 GOODWILL WEALTH MANAGEMENT PVT LTD 34077 -268 :green_circle:
45 YES SECURITIES (INDIA) LIMITED 29416 +833 :green_circle:
46 SHRIRAM INSIGHT SHARE BROKERS LIMITED 28573 +207 :green_circle:
47 WAY2WEALTH BROKERS PRIVATE LIMITED 27984 -40 :green_circle:
48 FINVASIA SECURITIES PRIVATE LIMITED 25639 +1346 :green_circle:
49 KIFS TRADE CAPITAL PRIVATE LIMITED 22754 +60 :green_circle:
50 MONEYWISE FINVEST LIMITED 22304 +512 :green_circle:
51 SOUTH ASIAN STOCKS LTD. 21868 +148 :green_circle:
52 LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD. 19403 +369 :green_circle:
53 ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITED 17841 -171 :green_circle:
54 ACUMEN CAPITAL MARKET (INDIA) LTD 16749 +163 :green_circle:
55 ZEN SECURITIES LTD. 15322 – :yellow_circle:
56 TRUSTLINE SECURITIES LIMITED 14677 +123 :green_circle:
57 BOB CAPITAL MARKETS LIMITED 14183 +373 :green_circle:
58 BGSE FINANCIALS LIMITED 13917 +72 :green_circle:
59 BP EQUITIES PRIVATE LIMITED 11433 +135 :green_circle:
60 R K GLOBAL SHARES & SECURITIES LIMITED 8768 +26 :green_circle:
61 MANSUKH SECURITIES & FINANCE LIMITED 8398 – :yellow_circle:
62 SUNIDHI SECURITIES & FINANCE LIMITED 8107 – :yellow_circle:
63 TRADEJINI FINANCIAL SERVICES PVT LTD 7669 +56 :green_circle:
64 DEALMONEY SECURITIES PRIVATE LIMITED 7221 -106 :green_circle:
65 IFCI FINANCIAL SERVICES LIMITED 6755 -2 :green_circle:
66 SPFL SECURITIES LIMITED 6223 +36 :green_circle:
67 KANTILAL CHHAGANLAL SECURITIES PRIVATE LIMITED 3144 +16 :green_circle:
68 INTEGRATED MASTER SECURITIES PVT. LTD. 2679 – :yellow_circle:
69 KEDIA CAPITAL SERVICES PRIVATE LIMITED 2616 – :yellow_circle:
70 ESCORTS SECURITIES LTD. 2474 -31 :green_circle:
71 ALMONDZ GLOBAL SECURITIES LTD. 2263 +26 :green_circle:
72 AMBALAL SHARES & STOCKS PRIVATE LIMITED 2016 -15 :green_circle:
73 ABHIPRA CAPITAL LTD. 1825 -19 :green_circle:
74 MLB CAPITAL PRIVATE LIMITED 1784 -10 :green_circle:
75 FAIR INTERMEDIATE INVESTMENTS PVT. LTD. 1721 – :yellow_circle:
76 COMFORT SECURITIES LIMITED 1714 – :yellow_circle:
77 PEE AAR SECURITIES LIMITED 1556 +7 :green_circle:
78 CONCUNSMART SHARES AND STOCK BROKER PRIVATE LIMITED 1422 – :yellow_circle:
79 ANUSH SHARES & SECURITIES PVT.LTD. 1234 – :yellow_circle:
80 INTERACTIVE BROKERS (INDIA) PRIVATE LIMITED 1227 +7 :green_circle:
81 NAKAMICHI SECURITIES LTD 1102 – :yellow_circle:

** Note - Limiting the list to 81 broker names as the XLS file (link to the archived version of the file for future reference) contains limited names this time. Also, the Change column (which has colour codes for detecting the change in ranking), isn’t reliable after the first 40 brokers as lots of brokers are missing when compared to the last month’s list (likely due to no new complaints being filed against them in the new financial year)

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