Who are the largest brokerage firms in India?

Can you Please share the saved weblink of Jan and Feb 2020. Thanks :slight_smile:

I couldn’t find the archived version of this report for the period of January/Feburary 2020. The report available on the NSE website has data for March 2020. Likely you will have to check with a data aggregator that has this dataset as this data doesn’t seem to be available in the public domain any longer

I found a recent article about it (It shares major highlights from their recent financial statement) -

https://entrackr.com/2021/02/zerodhas-revenue-grows-to-rs-1094-cr-in-fy20-with-rs-442-36-cr-profit/

Data for February 2021 (XLS) is now available -

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 3391059 +248205 :large_blue_circle:
2 RKSV SECURITIES INDIA PRIVATE LIMITED (UPSTOX) 1960861 +107913 :large_blue_circle:
3 ANGEL BROKING LIMITED 1454167 +129569 :green_circle:
4 ICICI SECURITIES LIMITED 1435356 +88315 :red_circle:
5 HDFC SECURITIES LTD. 944091 +24307 :large_blue_circle:
6 5PAISA CAPITAL LIMITED 845879 +23991 :large_blue_circle:
7 KOTAK SECURITIES LTD. 717658 +21141 :large_blue_circle:
8 SHAREKHAN LTD. 676631 +20094 :large_blue_circle:
9 NEXTBILLION TECHNOLOGY PRIVATE LIMITED (GROWW) 656519 +123316 :large_blue_circle:
10 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 543311 +28451 :large_blue_circle:
11 AXIS SECURITIES LIMITED 439273 +15819 :large_blue_circle:
12 SBICAP SECURITIES LIMITED 322353 +12837 :large_blue_circle:
13 IIFL SECURITIES LIMITED 287503 +10364 :large_blue_circle:
14 GEOJIT FINANCIAL SERVICES LIMITED 197001 +6242 :large_blue_circle:
15 EDELWEISS BROKING LIMITED 157198 +6966 :large_blue_circle:
16 SMC GLOBAL SECURITIES LTD. 135715 +5238 :large_blue_circle:
17 RELIGARE BROKING LIMITED 129855 +3626 :large_blue_circle:
18 NIRMAL BANG SECURITIES PVT. LTD. 123768 +2637 :large_blue_circle:
19 ALICE BLUE FIN SVCS P LTD 119106 +7783 :green_circle:
20 RELIANCE SECURITIES LIMITED 117799 -1048 :red_circle:
21 MARWADI SHARES AND FINANCE LIMITED 109049 +5448 :large_blue_circle:
22 VENTURA SECURITIES LTD. 95070 +2510 :large_blue_circle:
23 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 84795 +3086 :large_blue_circle:
24 SAMCO SECURITIES LIMITED 76436 +2010 :large_blue_circle:
25 JAINAM SHARE CONSULTANTS PRIVATE LIMITED 74348 +3916 :large_blue_circle:
26 ASTHA CREDIT & SECURITIES ( P ) LTD 69993 +1178 :large_blue_circle:
27 PAYTM MONEY LTD. 69879 +16098 :green_circle:
28 TRADEBULLS SECURITIES ( P ) LTD. 66866 +1708 :red_circle:
29 CHOICE EQUITY BROKING PRIVATE LIMITED 60671 +7118 :green_circle:
30 ADITYA BIRLA MONEY LIMITED 55042 +1765 :green_circle:
31 MONARCH NETWORTH CAPITAL LIMITED 54141 -2158 :red_circle:
32 SWASTIKA INVESTMART LIMITED 52894 +2476 :large_blue_circle:
33 IDBI CAPITAL MARKETS & SECURITIES LTD. 50907 +766 :large_blue_circle:
34 MASTER CAPITAL SERVICES LIMITED 48927 +2807 :green_circle:
35 JM FINANCIAL SERVICES LIMITED 48628 +1484 :red_circle:
36 NJ INDIA INVEST PRIVATE LIMITED 47236 +2890 :large_blue_circle:
37 PROFITMART SECURITIES PRIVATE LIMITED 46610 +3524 :large_blue_circle:
38 SHCIL SERVICES LIMITED 44505 +2123 :green_circle:
39 BONANZA PORTFOLIO LTD. 43835 +1348 :red_circle:
40 JHAVERI SECURITIES LIMITED 41671 +1531 :large_blue_circle:
41 SUSHIL FINANCIAL SERVICES PRIVATE LIMITED 40670 +1453 :large_blue_circle:
42 INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED 39260 +977 :green_circle:
43 DHANI STOCKS LIMITED , FORMERLY INDIABULLS SECURITIES 39046 +271 :red_circle:
44 GOODWILL WEALTH MANAGEMENT PVT LTD 36908 +1028 :green_circle:
45 VNS FINANCE & CAPITAL SERVICES LTD. 36817 +1062 :green_circle:
46 ARIHANT CAPITAL MARKETS LIMITED 36461 +1332 :green_circle:
47 GLOBE CAPITAL MARKET LIMITED 35931 -254 :red_circle:
48 SHAH INVESTORS HOME LIMITED 33712 +933 :large_blue_circle:
49 FYERS SECURITIES PRIVATE LIMITED 33526 +2378 :large_blue_circle:
50 PRABHUDAS LILLADHER PVT. LTD. 32102 +1068 :large_blue_circle:
51 SURESH RATHI SECURITIES PRIVATE LIMITED 32086 +1303 :large_blue_circle:
52 SHRI PARASRAM HOLDINGS PVT. LTD. 31662 +1300 :large_blue_circle:
53 LKP SECURITIES LTD. 28421 +846 :large_blue_circle:
54 WAY2WEALTH BROKERS PRIVATE LIMITED 27679 +519 :large_blue_circle:
55 SHRIRAM INSIGHT SHARE BROKERS LIMITED 26937 +446 :large_blue_circle:
56 ACML CAPITAL MARKETS LIMITED 25501 +1209 :large_blue_circle:
57 ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 23704 +781 :large_blue_circle:
58 NAVIA MARKETS LTD. 22810 +516 :large_blue_circle:
59 KIFS TRADE CAPITAL PRIVATE LIMITED 21801 +687 :large_blue_circle:
60 ECONO BROKING PRIVATE LIMITED 21756 +2542 :green_circle:
61 PRUDENT BROKING SERVICES PRIVATE LIMITED 20170 -417 :red_circle:
62 YES SECURITIES (INDIA) LIMITED 17721 +775 :large_blue_circle:
63 SOUTH ASIAN STOCKS LTD. 17506 +668 :large_blue_circle:
64 ALANKIT ASSIGNMENTS LTD. 17270 +940 :large_blue_circle:
65 ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITED 15990 +698 :large_blue_circle:
66 GOLDMINE STOCKS PRIVATE LIMITED 15755 +521 :green_circle:
67 ZEN SECURITIES LTD. 15561 +311 :red_circle:
68 ASHIKA STOCK BROKING LTD. 15309 +305 :green_circle:
69 CANARA BANK SECURITIES LIMITED 14808 +586 :green_circle:
70 NARNOLIA FINANCIAL ADVISORS LIMITED 14733 -454 :red_circle:
71 STEEL CITY SECURITIES LTD. 14146 +414 :large_blue_circle:
72 PHILLIPCAPITAL (INDIA) PVT. LTD 13902 +255 :large_blue_circle:
73 ACUMEN CAPITAL MARKET (INDIA) LTD 13618 +437 :large_blue_circle:
74 EMKAY GLOBAL FINANCIAL SERVICES LIMITED 13311 +133 :large_blue_circle:
75 PRAVIN RATILAL SHARE AND STOCK BROKERS LTD 13225 +357 :green_circle:
76 ISS ENTERPRISE LIMITED 13165 +251 :large_blue_circle:
77 MONEYWISE FINVEST LIMITED 12901 +683 :green_circle:
78 ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED 12742 -209 :red_circle:
79 SYKES & RAY EQUITIES (I) LTD. 12345 +405 :large_blue_circle:
80 HEM FINLEASE PVT. LTD. 11830 +824 :green_circle:
81 TRUSTLINE SECURITIES LIMITED 11633 +392 :red_circle:
82 LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD. 11251 +818 :green_circle:
83 FINVASIA SECURITIES PRIVATE LIMITED 11241 +708 :red_circle:
84 NINE STAR BROKING PRIVATE LIMITED 10924 +495 :large_blue_circle:
85 WEALTH INDIA FINANCIAL SERVICES PVT LTD 10881 +685 :green_circle:
86 BHANSALI VALUE CREATIONS PRIVATE LIMITED 10873 +548 :large_blue_circle:
87 LATIN MANHARLAL SECURITIES PVT. LTD. 10677 +299 :red_circle:
88 PCS SECURITIES LTD. 10381 +193 :large_blue_circle:
89 INVENTURE GROWTH & SECURITIES LIMITED 10214 +358 :green_circle:
90 SSJ FINANCE & SECURITIES PVT. LTD. 10158 +242 :large_blue_circle:
91 PUNE E STOCK BROKING PRIVATE LIMITED 10156 +228 :red_circle:
92 ADROIT FINANCIAL SERVICES PRIVATE LIMITED 10128 +377 :large_blue_circle:
93 BP EQUITIES PRIVATE LIMITED 9652 +304 :large_blue_circle:
94 GEPL CAPITAL PRIVATE LIMITED 9617 +442 :large_blue_circle:
95 ARHAM SHARE CONSULTANTS PRIVATE LIMITED 9151 +146 :large_blue_circle:
96 RUDRA SHARES & STOCK BROKERS LIMITED 8845 +345 :large_blue_circle:
97 LSC SECURITIES LIMITED 8638 +409 :green_circle:
98 SHREE BAHUBALI STOCK BROKING LTD 8566 +231 :large_blue_circle:
99 INDIRA SECURITIES PRIVATE LIMITED 8478 +380 :green_circle:
100 B N RATHI SECURITIES LIMITED 8401 — :yellow_circle:
5 Likes

Hey what about March month.

Data for March 2021 (XLS) -

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 3602074 +211015 :large_blue_circle:
2 RKSV SECURITIES INDIA PRIVATE LIMITED (UPSTOX) 2141095 +180234 :large_blue_circle:
3 ICICI SECURITIES LIMITED 1580233 +144877 :green_circle:
4 ANGEL BROKING LIMITED 1564667 +110500 :red_circle:
5 HDFC SECURITIES LTD. 957085 +12994 :large_blue_circle:
6 5PAISA CAPITAL LIMITED 870405 +24526 :large_blue_circle:
7 NEXTBILLION TECHNOLOGY PRIVATE LIMITED (GROWW) 780570 +124051 :green_circle:
8 KOTAK SECURITIES LTD. 743206 +25548 :red_circle:
9 SHAREKHAN LTD. 679333 +2702 :red_circle:
10 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 564034 +20723 :large_blue_circle:
11 AXIS SECURITIES LIMITED 454882 +15609 :large_blue_circle:
12 SBICAP SECURITIES LIMITED 329099 +6746 :large_blue_circle:
13 IIFL SECURITIES LIMITED 291730 +4227 :large_blue_circle:
14 GEOJIT FINANCIAL SERVICES LIMITED 201206 +4205 :large_blue_circle:
15 EDELWEISS BROKING LIMITED 157254 +56 :large_blue_circle:
16 SMC GLOBAL SECURITIES LTD. 135863 +148 :large_blue_circle:
17 RELIGARE BROKING LIMITED 132939 +3084 :large_blue_circle:
18 ALICE BLUE FIN SVCS P LTD 125223 +6117 :green_circle:
19 NIRMAL BANG SECURITIES PVT. LTD. 123213 -555 :red_circle:
20 RELIANCE SECURITIES LIMITED 117307 -492 :large_blue_circle:
21 MARWADI SHARES AND FINANCE LIMITED 107493 -1556 :large_blue_circle:
22 VENTURA SECURITIES LTD. 96431 +1361 :large_blue_circle:
23 PAYTM MONEY LTD. 85827 +15948 :green_circle:
24 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 85569 +774 :red_circle:
25 SAMCO SECURITIES LIMITED 77173 +737 :red_circle:
26 JAINAM SHARE CONSULTANTS PRIVATE LIMITED 70191 -4157 :red_circle:
27 ASTHA CREDIT & SECURITIES § LTD 69890 -103 :red_circle:
28 CHOICE EQUITY BROKING PRIVATE LIMITED 67804 +7133 :green_circle:
29 TRADEBULLS SECURITIES § LTD. 65460 -1406 :red_circle:
30 ADITYA BIRLA MONEY LIMITED 55562 +520 :large_blue_circle:
31 MONARCH NETWORTH CAPITAL LIMITED 54680 +539 :large_blue_circle:
32 SWASTIKA INVESTMART LIMITED 54069 +1175 :large_blue_circle:
33 IDBI CAPITAL MARKETS & SECURITIES LTD. 50510 -397 :large_blue_circle:
34 PROFITMART SECURITIES PRIVATE LIMITED 49790 +3180 :green_circle:
35 JM FINANCIAL SERVICES LIMITED 48998 +370 :large_blue_circle:
36 MASTER CAPITAL SERVICES LIMITED 48645 -282 :red_circle:
37 NJ INDIA INVEST PRIVATE LIMITED 48200 +964 :red_circle:
38 SHCIL SERVICES LIMITED 45571 +1066 :large_blue_circle:
39 BONANZA PORTFOLIO LTD. 44287 +452 :large_blue_circle:
40 JHAVERI SECURITIES LIMITED 40992 -679 :large_blue_circle:
41 SUSHIL FINANCIAL SERVICES PRIVATE LIMITED 40176 -494 :large_blue_circle:
42 DHANI STOCKS LIMITED 39644 +598 :green_circle:
43 INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED 39481 +221 :red_circle:
44 GOODWILL WEALTH MANAGEMENT PVT LTD 37840 +932 :large_blue_circle:
45 GLOBE CAPITAL MARKET LIMITED 36913 +982 :green_circle:
46 VNS FINANCE & CAPITAL SERVICES LTD. 36808 -9 :red_circle:
47 ARIHANT CAPITAL MARKETS LIMITED 36489 +28 :red_circle:
48 FYERS SECURITIES PRIVATE LIMITED 35963 +2437 :green_circle:
49 SHAH INVESTORS HOME LIMITED 33194 -518 :red_circle:
50 PRABHUDAS LILLADHER PVT. LTD. 32551 +449 :large_blue_circle:
51 SURESH RATHI SECURITIES PRIVATE LIMITED 30895 -1191 :large_blue_circle:
52 SHRI PARASRAM HOLDINGS PVT. LTD. 30563 -1099 :large_blue_circle:
53 LKP SECURITIES LTD. 29588 +1167 :large_blue_circle:
54 WAY2WEALTH BROKERS PRIVATE LIMITED 28015 +336 :large_blue_circle:
55 SHRIRAM INSIGHT SHARE BROKERS LIMITED 27135 +198 :large_blue_circle:
56 ACML CAPITAL MARKETS LIMITED 25224 -277 :large_blue_circle:
57 ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 23944 +240 :large_blue_circle:
58 ECONO BROKING PRIVATE LIMITED 22988 +1232 :green_circle:
59 NAVIA MARKETS LTD. 22257 -553 :red_circle:
60 KIFS TRADE CAPITAL PRIVATE LIMITED 21161 -640 :red_circle:
61 PRUDENT BROKING SERVICES PRIVATE LIMITED 19415 -755 :large_blue_circle:
62 YES SECURITIES (INDIA) LIMITED 18248 +527 :large_blue_circle:
63 SOUTH ASIAN STOCKS LTD. 17878 +372 :large_blue_circle:
64 ALANKIT IMAGINATIONS LIMITED 17437 +167 :large_blue_circle:
65 ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITED 16616 +626 :large_blue_circle:
66 ZEN SECURITIES LTD. 15631 +70 :green_circle:
67 ASHIKA STOCK BROKING LTD. 15520 +211 :green_circle:
68 GOLDMINE STOCKS PRIVATE LIMITED 15355 -400 :red_circle:
69 CANARA BANK SECURITIES LIMITED 14862 +54 :large_blue_circle:
70 STEEL CITY SECURITIES LTD. 14272 +126 :green_circle:
71 NARNOLIA FINANCIAL ADVISORS LIMITED 13910 -823 :red_circle:
72 PHILLIPCAPITAL (INDIA) PVT. LTD 13894 -8 :large_blue_circle:
73 ACUMEN CAPITAL MARKET (INDIA) LTD 13821 +203 :large_blue_circle:
74 MONEYWISE FINVEST LIMITED 13551 +650 :green_circle:
75 EMKAY GLOBAL FINANCIAL SERVICES LIMITED 13215 -96 :red_circle:
76 PRAVIN RATILAL SHARE AND STOCK BROKERS LTD 13111 -114 :red_circle:
77 ISS ENTERPRISE LIMITED 12903 -262 :red_circle:
78 SYKES & RAY EQUITIES (I) LTD. 12312 -33 :green_circle:
79 FINVASIA SECURITIES PRIVATE LIMITED 12018 +777 :green_circle:
80 HEM FINLEASE PVT. LTD. 12012 +182 :large_blue_circle:
81 TRUSTLINE SECURITIES LIMITED 11735 +102 :large_blue_circle:
82 LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD. 11516 +265 :large_blue_circle:
83 WEALTH INDIA FINANCIAL SERVICES PVT LTD 11429 +548 :green_circle:
84 ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED 11377 -1365 :red_circle:
85 NINE STAR BROKING PRIVATE LIMITED 10596 -328 :red_circle:
86 LATIN MANHARLAL SECURITIES PVT. LTD. 10548 -129 :green_circle:
87 PCS SECURITIES LTD. 10427 +46 :green_circle:
88 BHANSALI VALUE CREATIONS PRIVATE LIMITED 10397 -476 :red_circle:
89 INVENTURE GROWTH & SECURITIES LIMITED 10191 -23 :large_blue_circle:
90 SSJ FINANCE & SECURITIES PVT. LTD. 10172 +14 :large_blue_circle:
91 PUNE E STOCK BROKING PRIVATE LIMITED 10125 -31 :large_blue_circle:
92 ADROIT FINANCIAL SERVICES PRIVATE LIMITED 10025 -103 :large_blue_circle:
93 GEPL CAPITAL PRIVATE LIMITED 9802 +185 :green_circle:
94 BP EQUITIES PRIVATE LIMITED 9536 -116 :red_circle:
95 R WADIWALA SECURITIES PVT. LTD. 8954 — :yellow_circle:
96 JK SECURITIES PVT. LTD. 8931 — :yellow_circle:
97 RUDRA SHARES & STOCK BROKERS LIMITED 8836 -9 :red_circle:
98 B N RATHI SECURITIES LIMITED 8763 +362 :green_circle:
99 LSC SECURITIES LIMITED 8697 +59 :red_circle:
100 INDIRA SECURITIES PRIVATE LIMITED 8554 +76 :red_circle:
3 Likes

@nithin
now with the Peak margin rule, the leverage given by any broker will be almost the same and even the risk of the broker going bust are less if I am not wrong.
so now what are the other risk a trader should consider while selecting a broker? I mean to ask does it now even matter to select number 1 broker or number 99th, broker if they are providing the same technology.

Don’ think 99th broker also offer same tech, also always the differentiation is product. We used to offer lowest leverages in the industry and still people used us just because of our product so with leverages are normalized now not sure why people should leave us. One can try using other platforms to decide, tools they offer. Also Backoffice plays a important role for many in choosing broker.
Support also can matter. Just jotting here few features quickly which are on top of my mind which we only offer, GTT’s, baskets with margins, 20 depth, order window margins considering positions, sips for baskets, two charting solutions, Varsity, and backoffice with various reports, etc.

Also how much networth a broker is having, if he is making profit and having sustainable business model etc so that if any unforeseen event hit markets broker should be able to take that hit with his own money, for ex: last year when there is negative crude prices episode we took 12cr loss on our books, few small to mid sixed brokers has to close their shop.

4 Likes

@siva
broker number 18th is providing more than zerodha, so I don’t know what you are talking about in tech product offering because I don’t think zerodha is anywhere near to this broker.

but my question was that in the next 4-month zerodha and 18th number broker will ask for the same margin and the risk of both brokers going bust due to heavy leverage offering will be reduced, but other than this what a trader should look for a safe broker quality or it won’t matter much after leverage is reduced?

Can you tell me how? just eager to know.

This is subjective, every individual can have their own requirements but should choose a broker who is making profits and have sustainable business model with decent networth.

@siva Out of 3602074 clients how many actively trade ?

1 Like

How you define active?

atleast once in a week @siva

1 to 2 mil, as it varies based on volatility.

https://tradestore.aliceblueonline.com/marketplace

almost 36 apps to trade in the market, I think zerodha even charge for trading API around 2000rs. 18th number broker is providing that for free.

but my post was not about comparing the broker product, I just wanted to know about risk involved.

Axis Direct is in right direction. They launch Axis Direct RING app and desktop version.

still have to do lots of improvements to compete Zerodha Kite.

Do you have any plans to launch Kite Desktop Version ?

As I am aware many other brokers offer free APIs and we are only one who charges for API that doesn’t necessarily mean everyone’s tech is same. Said that, I mentioned above what other points one can look into while choosing broker.

No plans as we feel there is no need to have desktop application with availability of current web technologies, earlier these were not available.

3 Likes

I am really interested to see April and May month changes. Given advertisement spending of some of the brokers in IPL and all.

4 Likes

Data for April 2021 (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 3796628 +194554 :large_blue_circle:
2 RKSV SECURITIES INDIA PRIVATE LIMITED (UPSTOX) 2369796 +228701 :large_blue_circle:
3 ANGEL BROKING LIMITED 1660058 +95391 :green_circle:
4 ICICI SECURITIES LIMITED 1656663 +76430 :red_circle:
5 HDFC SECURITIES LTD. 963691 +6606 :large_blue_circle:
6 NEXTBILLION TECHNOLOGY PRIVATE LIMITED (GROWW) 922024 +141454 :green_circle:
7 5PAISA CAPITAL LIMITED 897128 +26723 :red_circle:
8 KOTAK SECURITIES LTD. 750711 +7505 :large_blue_circle:
9 SHAREKHAN LTD. 703227 +23894 :large_blue_circle:
10 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 591584 +27550 :large_blue_circle:
11 AXIS SECURITIES LIMITED 462897 +8015 :large_blue_circle:
12 SBICAP SECURITIES LIMITED 332822 +3723 :large_blue_circle:
13 IIFL SECURITIES LIMITED 299018 +7288 :large_blue_circle:
14 GEOJIT FINANCIAL SERVICES LIMITED 206213 +5007 :large_blue_circle:
15 EDELWEISS BROKING LIMITED 159320 +2066 :large_blue_circle:
16 SMC GLOBAL SECURITIES LTD. 138362 +2499 :large_blue_circle:
17 RELIGARE BROKING LIMITED 134691 +1752 :large_blue_circle:
18 ALICE BLUE FIN SVCS P LTD 130312 +5089 :large_blue_circle:
19 NIRMAL BANG SECURITIES PVT. LTD. 124754 +1541 :large_blue_circle:
20 RELIANCE SECURITIES LIMITED 116929 -378 :large_blue_circle:
21 PAYTM MONEY LTD. 101254 +15427 :green_circle:
22 VENTURA SECURITIES LTD. 97536 +1105 :large_blue_circle:
23 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 87260 +1691 :green_circle:
24 SAMCO SECURITIES LIMITED 77792 +619 :green_circle:
25 JAINAM SHARE CONSULTANTS PRIVATE LIMITED 71346 +1155 :green_circle:
26 ASTHA CREDIT & SECURITIES § LTD 71093 +1203 :green_circle:
27 CHOICE EQUITY BROKING PRIVATE LIMITED 69656 +1852 :green_circle:
28 TRADEBULLS SECURITIES § LTD. 66743 +1283 :green_circle:
29 ADITYA BIRLA MONEY LIMITED 56705 +1143 :green_circle:
30 SWASTIKA INVESTMART LIMITED 55256 +1187 :green_circle:
31 PROFITMART SECURITIES PRIVATE LIMITED 52459 +2669 :green_circle:
32 IDBI CAPITAL MARKETS & SECURITIES LTD. 50455 -55 :green_circle:
33 MASTER CAPITAL SERVICES LIMITED 49296 +651 :green_circle:
34 SHCIL SERVICES LIMITED 46742 +1171 :green_circle:
35 BONANZA PORTFOLIO LTD. 44873 +586 :green_circle:
36 INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED 40115 +634 :green_circle:
37 DHANI STOCKS LIMITED 39650 +6 :green_circle:
38 GOODWILL WEALTH MANAGEMENT PVT LTD 38369 +529 :green_circle:
39 FYERS SECURITIES PRIVATE LIMITED 38183 +2220 :green_circle:
40 GLOBE CAPITAL MARKET LIMITED 37909 +996 :green_circle:
41 SHRI PARASRAM HOLDINGS PVT. LTD. 30920 +357 :green_circle:
42 LKP SECURITIES LTD. 30423 +835 :green_circle:
43 WAY2WEALTH BROKERS PRIVATE LIMITED 28297 +282 :green_circle:
44 SHRIRAM INSIGHT SHARE BROKERS LIMITED 27452 +317 :green_circle:
45 ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 24179 +235 :green_circle:
46 NAVIA MARKETS LTD. 19670 -2587 :green_circle:
47 PRUDENT BROKING SERVICES PRIVATE LIMITED 19636 +221 :green_circle:
48 YES SECURITIES (INDIA) LIMITED 18855 +607 :green_circle:
49 SOUTH ASIAN STOCKS LTD. 18173 +295 :green_circle:
50 ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITED 17187 +571 :green_circle:
51 CANARA BANK SECURITIES LIMITED 15033 +171 :green_circle:
52 FINVASIA SECURITIES PRIVATE LIMITED 12656 +638 :green_circle:
53 ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED 11120 -257 :green_circle:
54 BOB CAPITAL MARKETS LIMITED 8637 — :yellow_circle:
55 INDBANK MERCHANT BANKING SERVICES LTD. 8157 — :yellow_circle:

** Note - Limiting the list to top 55 broker names as the XLS file (linked to the archived version of this file that I accessed above) only contains around 100 broker names with active client base dropping drastically after the top 60 brokers. Also excluded Anugrah as that has been expelled. Also, the Change column (which has color codes for detecting change in ranking), isn’t reliable after the Top 22 brokers as lots of brokers are missing when comparing to the last month’s list (likely due to no new complaints being filed against them)

3 Likes