Who are the largest brokerage firms in India?

Data for April 2023 (XLS - Archived) -

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 6293315 -99587 :large_blue_circle:
2 NEXTBILLION TECHNOLOGY PRIVATE LIMITED (GROWW) 5347317 -26388 :large_blue_circle:
3 ANGEL ONE LIMITED 4267938 -14013 :large_blue_circle:
4 ICICI SECURITIES LIMITED 2240036 -93052 :green_circle:
5 RKSV SECURITIES INDIA PRIVATE LIMITED (UPSTOX) 2215013 -665591 :red_circle:
6 HDFC SECURITIES LTD. 1045878 -18033 :large_blue_circle:
7 KOTAK SECURITIES LTD. 901942 -21843 :large_blue_circle:
8 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 784947 -20178 :large_blue_circle:
9 SHAREKHAN LTD. 679071 -15263 :large_blue_circle:
10 PAYTM MONEY LTD. 635894 -10493 :green_circle:
11 5PAISA CAPITAL LIMITED 615719 -36634 :red_circle:
12 SBICAP SECURITIES LIMITED 517521 +1438 :large_blue_circle:
13 IIFL SECURITIES LIMITED 464111 -16873 :large_blue_circle:
14 AXIS SECURITIES LIMITED 327034 -6604 :large_blue_circle:
15 GEOJIT FINANCIAL SERVICES LIMITED 231378 -4222 :large_blue_circle:
16 CHOICE EQUITY BROKING PRIVATE LIMITED 208534 -2930 :large_blue_circle:
17 NUVAMA WEALTH AND INVESTMENT LIMITED (EDELWEISS) 201249 -6841 :large_blue_circle:
18 FYERS SECURITIES PRIVATE LIMITED 175633 +2921 :large_blue_circle:
19 SMC GLOBAL SECURITIES LTD. 150606 -2472 :large_blue_circle:
20 ALICE BLUE FIN SVCS P LTD 142368 +352 :green_circle:
21 RELIGARE BROKING LIMITED 133322 -2698 :green_circle:
22 NIRMAL BANG SECURITIES PVT. LTD. 125286 -1883 :green_circle:
23 MONEYLICIOUS SECURITIES PRIVATE LIMITED (DHAN) 121505 +13529 :green_circle:
24 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 104601 -778 :green_circle:
25 VENTURA SECURITIES LTD. 103614 -2524 :green_circle:
26 MIRAE ASSET CAPITAL MARKETS ( INDIA ) PRIVATE LIMITED 98618 +11163 :green_circle:
27 RELIANCE SECURITIES LIMITED 86330 -1368 :green_circle:
28 SWASTIKA INVESTMART LIMITED 74557 -664 :green_circle:
29 SAMCO SECURITIES LIMITED 71897 +1528 :green_circle:
30 ADITYA BIRLA MONEY LIMITED 65350 -643 :green_circle:
31 TRADEBULLS SECURITIES (P) LTD. 64474 -1047 :green_circle:
32 JM FINANCIAL SERVICES LIMITED 64215 -118 :green_circle:
33 FINVASIA SECURITIES PRIVATE LIMITED 60418 +3513 :green_circle:
34 IDBI CAPITAL MARKETS & SECURITIES LTD. 59859 -3078 :green_circle:
35 MASTER CAPITAL SERVICES LIMITED 52353 -401 :green_circle:
36 BONANZA PORTFOLIO LTD. 48446 -448 :green_circle:
37 GLOBE CAPITAL MARKET LIMITED 47988 +288 :green_circle:
38 PROFITMART SECURITIES PRIVATE LIMITED 47463 -2594 :green_circle:
40 BAJAJ FINANCIAL SECURITIES LTD. 44669 -9403 :green_circle:
41 YES SECURITIES (INDIA) LIMITED 40644 +1414 :green_circle:
42 JHAVERI SECURITIES LIMITED 39595 – :yellow_circle:
43 GOODWILL WEALTH MANAGEMENT PVT LTD 34455 -183 :green_circle:
44 DHANI STOCKS LIMITED 31548 -1175 :green_circle:
45 LKP SECURITIES LTD. 28759 -666 :green_circle:
46 SOUTH ASIAN STOCKS LTD. 21610 -132 :green_circle:
47 ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 17193 -560 :green_circle:
48 NAVIA MARKETS LTD. 13189 -236 :green_circle:
49 INDIRA SECURITIES PRIVATE LIMITED 7923 -181 :green_circle:
50 MANSUKH SECURITIES & FINANCE LIMITED 7725 -90 :green_circle:
51 ASHLAR SECURITIES PRIVATE LIMITED 4048 -96 :green_circle:
52 COCHIN STOCK BROKERS LTD. 3752 -56 :green_circle:
53 MANDOT SECURITIES PRIVATE LIMITED 2932 +200 :green_circle:
54 STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED 1617 +29 :green_circle:
55 VCK SHARE & STOCK BROKING SERVICES LTD. 1233 -24 :green_circle:

** Note - Limiting the list to 55 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 20 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)

2 Likes