Who are the largest brokerage firms in India?


#49

I dont find Interactive brokers in the list. Now Dont tell me they dont have even one client.


#50

By the time next financial year begins, Zerodha will be the largest brokerage house in India.


#51

Where are the other discount brokers in top 20. Why are expensive brokers still ruling the roost?


#52

not at all a reliable list .


#54

Why zerodha has two accounts? Second account shows only 2 clients. Any specific reason for having multiple memberships? @nithin


#55

This list is from NSE itself, only brokers who have a complaint against them in a financial year show up on this. Interactive brokers doesn’t, so it doesn’t show up. But last I remember it was around couple of thousands.


#56

Two memberships you mean right. Second one is because we are hitting open interest restrictions on Bank nifty contracts. Btw many big companies like Edelweiss etc have multiple memberships.


#57

Still after 2 memberships bn openinterest gets hit? Or one membership is for internal use?


#58

2nd membership is still not live for clients. Maybe in the next few weeks. Hopefully will reduce the OI issue in primary.


#59

Thanks @nithin

Nice to know IB had no complaints. They have a very useful chat support. Zerodha may try something like that.


#60

Ok. I thought the 2nd membership was for Zerodha’s internal prop trading… good to know that it will be open to regular clients too!


#61

Congratulations @nithin


#62

@nithin @siva

Is there any maximum wait until when this 2nd membership and hence the BNF OI issue will get resolved.

I am asking again because today I tried to buy 28600 CE, which is just 1% ahead of current BNF spot.

And even this option is not available to buy that too on 2nd day of weekly expiry.

Which makes small retailers like me to buy expensive options or those where risk reward is lower.


#63

Working on this, waiting for few approvals from vendors, hopefully will announce this soon.


#64

@nithin Zerodha reaching #2 reminded me of an iconic advertising campaign by car rental service, Avis - We are only number 2. We try harder. Avis - we don’t know another way.
The honesty, humility and simplicity of those three words written more than 50 years back, is still one of the classics in the history of advertising and marketing. You must see it when you have time.

Google reimagined the campaign in 2012 gives you a lot of backstory:

Robert Townsend, former CEO of Avis US, on the birth of the We Try Harder promise.

Ads:

TV commercial:


#65

Does this list represent total clients or “active” clients? And what is the definition for active clients?


#66

A brokerage firm helps in facilitating buying and selling of securities, here a stock broker is involved who is performing all the tasks. Some of the largest brokerage firms in India are:- ICICI Securities Ltd., HDFC Securities Ltd., Zerodha, Trade Smart Online etc.


#67

how many employees are in Zerodha?


#68

1200


Rumor being spread on whatsapp about Zerodha and some enquiry?
#69

As on Sep 2018

1 ICICI SECURITIES LIMITED 843549
2 ZERODHA 747501
3 HDFC SECURITIES LTD. 668170
4 SHAREKHAN LTD. 563342
5 AXIS SECURITIES LIMITED 405661
6 ANGEL BROKING PRIVATE LIMITED 403312
7 KOTAK SECURITIES LTD. 400177
8 MOTILAL OSWAL SECURITIES LTD. 329329
9 KARVY STOCK BROKING LTD. 263758
10 INDIA INFOLINE LTD. 234364
11 SBICAP SECURITIES LIMITED 211467
12 GEOJIT FINANCIAL SERVICES LIMITED 181961
13 RELIGARE BROKING LIMITED 146471
14 RELIANCE SECURITIES LIMITED 128327
15 EDELWEISS BROKING LIMITED 121536
16 SMC GLOBAL SECURITIES LTD. 109036
17 NIRMAL BANG SECURITIES PVT. LTD. 100669
18 MARWADI SHARES AND FINANCE LIMITED 96230
19 VENTURA SECURITIES LTD. 84469
20 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 78719
21 TRADEBULLS SECURITIES § LTD. 77753
22 5PAISA CAPITAL LIMITED 69575
23 RKSV SECURITIES INDIA PRIVATE LIMITED 64556
24 JAINAM SHARE CONSULTANTS PRIVATE LIMITED 57754
25 MONARCH NETWORTH CAPITAL LIMITED 54854
26 ADITYA BIRLA MONEY LIMITED 54097
27 INDIABULLS VENTURES LTD. 49122
28 MASTER CAPITAL SERVICES LIMITED 46027
29 BONANZA PORTFOLIO LTD. 42473
30 INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED 40448
31 JM FINANCIAL SERVICES LIMITED 39237
32 JHAVERI SECURITIES LIMITED 39049
33 IDBI CAPITAL MARKETS & SECURITIES LTD. 38856
34 SHRI PARASRAM HOLDINGS PVT. LTD. 36604
35 SAMCO SECURITIES LIMITED 36398
36 ARIHANT CAPITAL MARKETS LIMITED 33948
37 SHRIRAM INSIGHT SHARE BROKERS LIMITED 30499
38 LKP SECURITIES LTD. 30194
39 SURESH RATHI SECURITIES PRIVATE LIMITED 29690
40 WAY2WEALTH BROKERS PRIVATE LIMITED 29145
41 BMA WEALTH CREATORS LIMITED 27787
42 SWASTIKA INVESTMART LIMITED 27359
43 GLOBE CAPITAL MARKET LIMITED 26483
44 ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 25726
45 KIFS TRADE CAPITAL PRIVATE LIMITED 25489
46 EUREKA STOCK & SHARE BROKING SERVICES LIMITED 23432
47 SHCIL SERVICES LIMITED 22829
48 VNS FINANCE & CAPITAL SERVICES LTD. 21498
49 PRABHUDAS LILLADHER PVT. LTD. 21274
50 ALANKIT ASSIGNMENTS LTD. 20898
51 PRUDENT BROKING SERVICES PRIVATE LIMITED 20110
52 GOLDMINE STOCKS PRIVATE LIMITED 17341
53 CHOICE EQUITY BROKING PRIVATE LIMITED 17165
54 EMKAY GLOBAL FINANCIAL SERVICES LIMITED 17156
55 ASHIKA STOCK BROKING LTD. 17005
56 ZEN SECURITIES LTD. 16501
57 INDIANIVESH SECURITIES LTD. 15690
58 NJ INDIA INVEST PRIVATE LIMITED 15677
59 ISE SECURITIES & SERVICES LIMITED 15003
60 INDITRADE CAPITAL LIMITED 13836
61 PHILLIPCAPITAL (INDIA) PVT. LTD 13675
62 BANSAL FINSTOCK PRIVATE LIMITED 13527
63 PRAVIN RATILAL SHARE AND STOCK BROKERS LTD 13328
64 SS CORPORATE SECURITIES LIMITED 13177
65 RATNAKAR SECURITIES PVT LTD 13051
66 TRUSTLINE SECURITIES LIMITED 12799
67 SOUTH ASIAN STOCKS LTD. 12562
68 BGSE FINANCIALS LIMITED 12457
69 FAIRWEALTH SECURITIES LIMITED 12266
70 NARNOLIA FINANCIAL ADVISORS LIMITED 12181
71 KUNVARJI FINSTOCK PVT. LTD. 11451
72 YES SECURITIES (INDIA) LIMITED 11275
73 ADROIT FINANCIAL SERVICES PRIVATE LIMITED 11269
74 PCS SECURITIES LTD. 11245
75 CANARA BANK SECURITIES LIMITED 10166
76 BP EQUITIES PRIVATE LIMITED 9785
77 R K GLOBAL SHARES & SECURITIES LIMITED 9710
78 PROFITMART SECURITIES PRIVATE LIMITED 9700
79 SHREE BAHUBALI INTERNATIONAL LTD. 9558
80 MAVERICK SHARE BROKERS PRIVATE LIMITED 9521
81 DEALMONEY SECURITIES PRIVATE LIMITED 9465
82 MANGAL KESHAV FINANCIAL SERVICES LLP 9448
83 DBFS SECURITIES LIMITED 8926
84 ANUGRAH STOCK & BROKING PVT. LTD. 8831
85 KISAN RATILAL CHOKSEY SHARES AND SECURITIES PRIVATE LIMTIED 8774
86 NAVIA MARKETS LTD. 8560
87 GUINESS SECURITIES LIMITED 8372
88 VRISE SECURITIES PRIVATE LIMITED 8269
89 BHANSALI VALUE CREATIONS PRIVATE LIMITED 8044
90 JOINDRE CAPITAL SERVICES LTD 8044
91 STANDARD CHARTERED SECURITIES (INDIA) LIMITED 7936
92 ARHAM SHARE CONSULTANTS PRIVATE LIMITED 7906
93 INTIME EQUITIES LIMITED 7700
94 INDIRA SECURITIES PRIVATE LIMITED 7366
95 MPSE SECURITIES LIMITED 7361
96 GOODWILL WEALTH MANAGEMENT PVT LTD 7336
97 SUNIDHI SECURITIES & FINANCE LIMITED 7220
98 PACE STOCK BROKING SERVICES PRIVATE LIMITED 6769
99 CHOLAMANDALAM SECURITIES LIMITED 6687
100 IFCI FINANCIAL SERVICES LIMITED 6643
101 COIMBATORE CAPITAL LIMITED 6570
102 ASTHA CREDIT & SECURITIES § LTD 6515
103 LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD. 6212
104 R WADIWALA SECURITIES PVT. LTD. 6129
105 CELEBRUS CAPITAL LIMITED 5993
106 SYSTEMATIX SHARES & STOCKS (INDIA) LTD. 5632
107 ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITED 5595
108 INDIA ADVANTAGE SECURITIES PRIVATE LIMITED 5374
109 MARFATIA STOCK BROKING PRIVATE LIMITED 5367
110 INDUS PORTFOLIO § LTD 5268
111 CONSORTIUM SECURITIES PRIVATE LTD. 5013
112 TRADEJINI FINANCIAL SERVICES PVT LTD 4913
113 ACUMEN CAPITAL MARKET (INDIA) LTD 4612
114 GCL SECURITIES PVT LTD 4608
115 ASHLAR SECURITIES PRIVATE LIMITED 4476
116 FORTUNE CAPITAL SERVICES PRIVATE LIMITED 4307
117 MANUBHAI MANGALDAS SECURITIES PVT. LTD. 4091
118 ZUARI FINSERV PRIVATE LIMITED 4087
119 PRABHAT FINANCIAL SERVICES LTD. 4006
120 PEERLESS SECURITIES LIMITED 3972
121 VERTEX SECURITIES LTD. 3958
122 EXCLUSIVE SECURITIES LTD. 3917
123 A C AGARWAL SHARE BROKERS PVT LTD 3704
124 FRR SHARES AND SECURITIES LIMITED 3401
125 BASAN EQUITY BROKING LIMITED 3386
126 KAYNET FINANCE LIMITED 3306
127 ALICE BLUE FINANCIAL SERVICES 3178
128 FYERS SECURITIES 3069
129 STEWART & MACKERTICH WEALTH MANAGEMENT LTD. 2997
130 C.D. EQUISEARCH PVT. LTD 2875
131 HSE SECURITIES LTD. 2838
132 SUNLIGHT BROKING LLP 2833
133 KANTILAL CHHAGANLAL SECURITIES PRIVATE LIMITED 2807
134 A . G. SHARES & SECURITIES LTD. 2782
135 FINVASIA SECURITIES PRIVATE LIMITED 2735
136 ABHIPRA CAPITAL LTD. 2688
137 VCK SHARE & STOCK BROKING SERVICES LTD. 2648
138 ATS SHARE BROKERS PRIVATE LIMITED 2619
139 ALMONDZ GLOBAL SECURITIES LTD. 2514
140 MULTIPLEX CAPITAL LTD. 2497
141 QUANTUM GLOBAL SECURITIES LIMITED 2430
142 KALPATARU MULTIPLIER LTD. 2418
143 COMPETENT FINMAN PVT. LTD. 2321
144 AMBALAL SHARES & STOCKS PRIVATE LIMITED 2310
145 SUMPOORNA PORTFOLIO LIMITED 2244
146 AASMAA SECURITIES PRIVATE LIMITED 2217
147 MODEX INTERNATIONAL SECURITIES LTD. 2181
148 COMFORT SECURITIES LIMITED 2143
149 FAIR INTERMEDIATE INVESTMENTS PVT. LTD. 2103
150 CIL SECURITIES LTD. 1975
151 FINDOC INVESTMART PVT. LTD. 1853
152 WEALTH MANTRA LIMITED 1831
153 ESCORTS SECURITIES LTD. 1791
154 GOGIA CAPITAL SERVICES LIMITED 1640
155 COMPOSITE INVESTMENTS PRIVATE LIMITED 1599
156 ARTHA VRDDHI SECURITIES LIMITED 1526
157 MAHESHWARI TECHNICAL & FINANCIAL SERVICES LTD. 1477
158 IIFL WEALTH MANAGEMENT LTD 1411
159 FAST CAPITAL MARKETS LTD. 1380
160 ACHIIEVERS EQUITIES LIMITED 1362
161 ANVIL SHARE & STOCK BROKING PVT. LTD 1347
162 GROVALUE SECURITIES PVT LTD 1271
163 ARCH FINANCE LTD. 1266
164 KARUNA FINANCIAL SERVICES PVT. LTD 1231
165 R.K. STOCKHOLDING § LTD. 1180
166 C. M. GOENKA STOCK BROKERS PVT. LTD. 1153
167 SKUNG TRADELINK LIMITED 1111
168 UNLOCK WEALTH SECURITIES LIMITED 1081
169 SAAKETA CONSULTANTS LTD. 1049
170 KHANDWALA SECURITIES LTD. 1021
171 F6 FINSERVE PRIVATE LIMITED 1014
172 WEALTH DISCOVERY SECURITIES PVT. LTD. 983
173 BEZEL STOCK BROKERS PRIVATE LIMITED 981
174 LFS BROKING PRIVATE LIMITED 867
175 KSBL SECURITIES LIMITED 853
176 WELLINDIA SECURITIES LIMITED 826
177 MAXGROWTH CAPITAL PRIVATE LIMITED 807
178 MANDOT SECURITIES PRIVATE LIMITED 798
179 EDELWEISS SECURITIES LIMITED 708
180 DHWAJA SHARES & SECURITIES PRIVATE LIMITED 587
181 INTERACTIVE BROKERS (INDIA) PRIVATE LIMITED 551
182 QUANTUM SECURITIES PVT. LTD. 532
183 J G SHAH FINANCIAL CONSULTANTS PVT. LTD. 509
184 RR EQUITY BROKERS PVT. LTD. 496
185 INDO JATALIA SECURITIES PRIVATE LIMITED 433
186 SANCHIT FINANCIAL & MANAGEMENT SERVICES LTD. 417
187 INDIAN FINANCE GUARANTY LTD. 346
188 FICUS SECURITIES PRIVATE LIMITED 336
189 FIRST GLOBAL STOCKBROKING PVT.LTD. 304
190 PREM SOMANI SHARE BROKERS PVT. LTD. 260
191 UNITED CREDIT SECURITIES LTD. 240
192 CAPITAL WIZARD STOCK BROKING PVT. LTD. 232
193 ISHTA SECURITIES 229
194 MONEYLICIOUS SECURITIES PRIVATE LIMITED 206
195 4A SECURITIES LIMITED 150
196 AMRAPALI CAPITAL AND FINANCE SERVICES LTD. 127
197 DESTINY SECURITIES LTD. 113
198 RTG SHARE BROKING LIMITED 96
199 NIRMAL BANG EQUITIES PRIVATE LIMITED 80
200 KRISHA INCAP SERVICES PVT.LTD. 74
201 A. S. STOCK BROKING AND MANAGEMENT PVT LTD. 73
202 PUG SECURITIES PRIVATE LIMITED 62
203 NKB SECURITIES 61
204 SMVD SECURITIES 53
205 A.N. SECURITIES 29
206 BAJAJ SHARE & STOCK BROKERS PVT. LTD 28
207 GOOD FORTUNE CAPITALS PRIVATE LIMITED 19
208 GOLDSTREET SECURITIES LIMITED 17
209 ANGEL SECURITIES LTD 11
210 RKG SHARE BROKERS PVT. LTD. 6
211 FORTUNE CAPITAL SERVICES 2
212 ICICI SECURITIES PRIMARY DEALERSHIP LIMITED 1
213 UNION BANK OF INDIA 1
214 ADVENT STOCK BROKING PRIVATE LIMITED 1
215 AMU SHARES & SECURITIES LTD. 1

Top 5 discount brokers with NSDL
Zerodha should invite participation from more traders in this chat corner