Nope, upstox was funded by Ratan Tata
Both Upstox and Groww have Tiger Global as common investor.
2 Likes
Mirae Assets has completed taking over ownership of Sharekhan. Next month they will be 8th or higher, if they decide to merge mstock & myexpresso(sharekhan’s subsidiary) with Sharekhan…
And if aggressively price broking like mstock, get new techonology, we may expect them to compete more with rest.
mStock started ditching the initial customers , increased brokerage charges for Intra-day trades, earlier it was zero for the customers who paid one time charges , and in case of the technology , what they are offering is obsolete!!
Most Brokers
- provide Obsolete Desktop Software NEST(that was taken over by London Stock Exchange Group from Thomson Reuters and discontinued globally) or it’s Derivatives OR
- Don’t even provide Desktop based software.E.g Zerodha who don’t provide desktop platform
1 Like
Is it true? Have they start charging for intraday trades? Nothing is showing on their website.
NSE Data for December 2024 (Archived) -
Symbol Meaning | 
- No change | 
- Moved up | 
- Moved down | 
- Newly added |
| S. No | Trading Member Name (aka Name of Stock Broker) | Active Clients | Since last month | Change |
|---|---|---|---|---|
| 1 | Groww Invest Tech Private Limited | 13158530 | +281076 | |
| 2 | ZERODHA BROKING LIMITED | 8119791 | -4947 | |
| 3 | ANGEL ONE LIMITED | 7754030 | +123018 | |
| 4 | UPSTOX SECURITIES PRIVATE LIMITED | 2886625 | +14010 | |
| 5 | ICICI SECURITIES LIMITED | 1946827 | +5365 | |
| 6 | KOTAK SECURITIES LTD. | 1504813 | +22047 | |
| 7 | HDFC SECURITIES LTD. | 1420177 | +44694 | |
| 8 | MOTILAL OSWAL FINANCIAL SERVICES LIMITED | 1030406 | +11843 | |
| 9 | SBICAP SECURITIES LIMITED | 983254 | +3056 | |
| 10 | MONEYLICIOUS SECURITIES PRIVATE LIMITED | 932661 | +40394 | |
| 11 | INDMONEY PRIVATE LIMITED | 792016 | +59579 | |
| 12 | PAYTM MONEY LTD. | 705961 | -9059 | |
| 13 | SHAREKHAN LTD. | 704077 | -3907 | |
| 14 | MIRAE ASSET CAPITAL MARKETS ( INDIA ) PRIVATE LIMITED | 553055 | -7940 | |
| 15 | 5PAISA CAPITAL LIMITED | 489966 | -16994 | |
| 16 | IIFL SECURITIES LIMITED | 454964 | -4252 | |
| 17 | AXIS SECURITIES LIMITED | 426266 | +3060 | |
| 18 | PHONEPE WEALTH BROKING PRIVATE LIMITED | 321591 | +26475 | |
| 19 | Geojit Financial Services Limited | 255435 | -1269 | |
| 20 | FYERS SECURITIES PRIVATE LIMITED | 247647 | +2333 | |
| 21 | CHOICE EQUITY BROKING PRIVATE LIMITED | 238429 | +4855 | |
| 22 | SMC GLOBAL SECURITIES LTD. | 189540 | -1332 | |
| 23 | NUVAMA WEALTH AND INVESTMENT LIMITED. | 174249 | -1464 | |
| 24 | FINVASIA SECURITIES PRIVATE LIMITED | 165164 | +1549 | |
| 25 | NIRMAL BANG SECURITIES PVT. LTD. | 153821 | -50 | |
| 26 | RELIGARE BROKING LIMITED | 151948 | -138 | |
| 27 | ANAND RATHI SHARE AND STOCK BROKERS LIMITED | 149239 | +1664 | |
| 28 | ALICE BLUE FIN SVCS P LTD | 147411 | -3456 | |
| 29 | MARWADI SHARES AND FINANCE LIMITED | 143790 | +1308 | |
| 30 | JAINAM BROKING LIMITED | 125325 | +3904 | |
| 31 | VENTURA SECURITIES LIMITED | 122018 | -206 | |
| 32 | JM FINANCIAL SERVICES LIMITED | 119877 | +1100 | |
| 33 | ADITYA BIRLA MONEY LIMITED | 100320 | +1825 | |
| 34 | NJ INDIA INVEST PRIVATE LIMITED | 90918 | -179 | |
| 35 | SAMCO SECURITIES LIMITED | 89825 | -3542 | |
| 36 | TRADEBULLS SECURITIES (P) LTD. | 85937 | +966 | |
| 37 | SWASTIKA INVESTMART LIMITED | 78051 | -1093 | |
| 38 | STOCKHOLDING SERVICES LIMITED | 77484 | -749 | |
| 39 | YES SECURITIES (INDIA) LIMITED | 73024 | +169 | |
| 40 | GLOBE CAPITAL MARKET LIMITED | 69986 | -303 | |
| 41 | RELIANCE SECURITIES LIMITED | 68513 | -1069 | |
| 42 | MASTER CAPITAL SERVICES LIMITED | 67357 | +457 | |
| 43 | BONANZA PORTFOLIO LTD. | 60738 | +187 | |
| 44 | MONARCH NETWORTH CAPITAL LIMITED | 59891 | -619 | |
| 45 | ARIHANT CAPITAL MARKETS LIMITED | 58493 | +99 | |
| 46 | JHAVERI SECURITIES LIMITED | 57825 | +1265 | |
| 47 | IDBI CAPITAL MARKETS & SECURITIES LTD. | 57761 | +206 | |
| 48 | NU INVESTORS TECHNOLOGIES PRIVATE LIMITED | 56704 | +9456 | |
| 49 | INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED | 52090 | -288 | |
| 50 | PRABHUDAS LILLADHER PVT. LTD. | 50359 | +142 | |
| 51 | SURESH RATHI SECURITIES PRIVATE LIMITED | 46114 | +664 | |
| 52 | BAJAJ FINANCIAL SECURITIES LTD. | 44668 | +1662 | |
| 53 | PROFITMART SECURITIES PRIVATE LIMITED | 37685 | -667 | |
| 54 | SHRI PARASRAM HOLDINGS PVT. LTD. | 37298 | +17 | |
| 55 | SHAH INVESTORS HOME LIMITED | 37108 | +165 | |
| 56 | DHANI STOCKS LIMITED | 37087 | +105 | |
| 57 | CHOLAMANDALAM SECURITIES LIMITED | 36867 | +201 | |
| 58 | ACML CAPITAL MARKETS LIMITED | 35335 | +59 | |
| 59 | FORTUNE CAPITAL SERVICES PRIVATE LIMITED | 34382 | +1288 | |
| 60 | ASTHA CREDIT & SECURITIES (P) LTD | 34350 | -505 | |
| 61 | GOODWILL WEALTH MANAGEMENT PVT LTD | 33509 | -107 | |
| 62 | ECONO BROKING PRIVATE LIMITED | 31262 | +1188 | |
| 63 | HEM FINLEASE PVT. LTD. | 31161 | +152 | |
| 64 | LKP SECURITIES LTD. | 30891 | -2314 | |
| 65 | SHRIRAM INSIGHT SHARE BROKERS LIMITED | 29659 | -165 | |
| 66 | EUREKA STOCK & SHARE BROKING SERVICES LIMITED | 28933 | -27 | |
| 67 | LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD. | 28077 | +402 | |
| 68 | WAY2WEALTH BROKERS PRIVATE LIMITED | 25243 | -92 | |
| 69 | KIFS TRADE CAPITAL PRIVATE LIMITED | 24763 | -175 | |
| 70 | PRUDENT CORPORATE ADVISORY SERVICES LIMITED | 24286 | +2014 | |
| 71 | FINWIZARD TECHNOLOGY PRIVATE LIMITED | 22580 | +323 | |
| 72 | CANARA BANK SECURITIES LIMITED | 21439 | -355 | |
| 73 | MARKETWOLF SECURITIES PRIVATE LIMITED | 21396 | -1351 | |
| 74 | SKSE SECURITIES LTD. | 20704 | +329 | |
| 75 | ASHIKA STOCK BROKING LTD. | 20678 | -36 | |
| 76 | ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. | 20581 | -2 | |
| 77 | RATNAKAR SECURITIES PVT LTD | 20380 | +98 | |
| 78 | ARHAM SHARE PRIVATE LIMITED | 19644 | +747 | |
| 79 | SOUTH ASIAN STOCKS LTD. | 18872 | -399 | |
| 80 | PRUDENT BROKING SERVICES PRIVATE LIMITED | 18781 | -800 | |
| 81 | STEEL CITY SECURITIES LTD. | 17907 | +21 | |
| 82 | ALANKIT IMAGINATIONS LIMITED | 17599 | -261 | |
| 83 | B N RATHI SECURITIES LIMITED | 17361 | +471 | |
| 84 | BOB CAPITAL MARKETS LIMITED | 17276 | -147 | |
| 85 | PHILLIPCAPITAL (INDIA) PVT. LTD | 16840 | -10 | |
| 86 | ANS PVT. LTD. | 16765 | +145 | |
| 87 | ACUMEN CAPITAL MARKET (INDIA) LTD | 16468 | -82 | |
| 88 | R WADIWALA SECURITIES PVT. LTD. | 16022 | +42 | |
| 89 | RUDRA SHARES & STOCK BROKERS LIMITED | 14351 | +113 | |
| 90 | BGSE FINANCIALS LIMITED | 14339 | -130 | |
| 91 | MARKET PULSE SECURITIES PRIVATE LIMITED | 14062 | +2812 | |
| 92 | MONEYWISE FINVEST LIMITED | 14009 | -236 | |
| 93 | NINE STAR BROKING PRIVATE LIMITED | 13724 | +122 | |
| 94 | TRUSTLINE SECURITIES LIMITED | 13486 | -76 | |
| 95 | BP EQUITIES PRIVATE LIMITED | 13452 | +39 | |
| 96 | ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITED | 13452 | -22 | |
| 97 | JKB FINANCIAL SERVICES LIMITED | 13298 | +546 | |
| 98 | INVENTURE GROWTH & SECURITIES LIMITED | 13198 | -54 | |
| 99 | EMKAY GLOBAL FINANCIAL SERVICES LIMITED | 12624 | -64 | |
| 100 | PRAVIN RATILAL SHARE AND STOCK BROKERS LTD | 12556 | -140 | |
| 101 | KUNVARJI FINSTOCK PVT. LTD. | 12503 | +62 | |
| 102 | BHANSALI VALUE CREATIONS PRIVATE LIMITED | 12339 | +247 | |
| 103 | JK SECURITIES PVT. LTD. | 12237 | +25 | |
| 104 | TRADEJINI FINANCIAL SERVICES PVT LTD | 11558 | +151 | |
| 105 | PUNE E STOCK BROKING LIMITED | 10966 | -79 | |
| 106 | ESPRESSO FINANCIAL SERVICES PRIVATE LIMITED. | 10762 | -335 | |
| 107 | GEPL CAPITAL PRIVATE LIMITED | 10733 | -86 | |
| 108 | STANDARD CHARTERED SECURITIES (INDIA) LIMITED | 10596 | +64 | |
| 109 | ADROIT FINANCIAL SERVICES PRIVATE LIMITED | 10016 | -187 | |
| 110 | NAVIA MARKETS LTD. | 9765 | +240 | |
| 111 | WEALTH INDIA FINANCIAL SERVICES PVT LTD | 9695 | -36 | |
| 112 | MANSUKH SECURITIES & FINANCE LIMITED | 9450 | -102 | |
| 113 | CENTILLION CAPITAL PRIVATE LIMITED | 9381 | +109 | |
| 114 | SHREE BAHUBALI STOCK BROKING LTD | 9114 | -65 | |
| 115 | A C AGARWAL SHARE BROKERS PVT LTD | 9053 | +12 | |
| 116 | VSE STOCK SERVICES LIMITED | 8942 | +55 | |
| 117 | SS CORPORATE SECURITIES LIMITED | 8806 | +25 | |
| 118 | JOINDRE CAPITAL SERVICES LTD | 8677 | -42 | |
| 119 | AIRAN FINSTOCKS PRIVATE LIMITED | 8628 | +54 | |
| 120 | R K GLOBAL SHARES & SECURITIES LIMITED | 8173 | -116 | |
| 121 | MEHTA EQUITIES LIMITED | 8131 | +27 | |
| 122 | ENRICH FINANCIAL MARKET PRIVATE LIMITED | 8124 | +358 | |
| 123 | PRITHVI FINMART PRIVATE LIMITED | 8107 | -5 | |
| 124 | SHARE INDIA SECURITIES LIMITED | 7814 | +150 | |
| 125 | CAPSTOCKS & SECURITIES (INDIA) PRIVATE LIMITED | 7627 | -53 | |
| 126 | SUNLIGHT BROKING LLP | 7113 | +40 | |
| 127 | KRCHOKSEY SHARES AND SECURITIES PRIVATE LIMITED | 7035 | -77 | |
| 128 | SKY COMMODITIES INDIA PVT LTD | 6617 | +466 | |
| 129 | MARKET-HUB STOCK BROKING PRIVATE LIMITED | 6577 | +119 | |
| 130 | MANDOT SECURITIES PRIVATE LIMITED | 6432 | -17 | |
| 131 | RAGHUNANDAN CAPITAL PRIVATE LIMITED | 6057 | -66 | |
| 132 | PATEL WEALTH ADVISORS PVT LTD | 5992 | -112 | |
| 133 | SMIFS LIMITED | 5968 | -20 | |
| 134 | RIKHAV SECURITIES LIMITED | 5789 | -66 | |
| 135 | SUNFLOWER BROKING PVT. LTD. | 5711 | +133 | |
| 136 | GANGANAGAR COMMODITY LIMITED | 5680 | +50 | |
| 137 | Indus Shareshree Private Limited | 5310 | -27 | |
| 138 | ELITE WEALTH LIMITED | 5262 | -90 | |
| 139 | WEALTHYIN BROKING PRIVATE LIMITED | 5215 | +199 | |
| 140 | IFCI FINANCIAL SERVICES LIMITED | 5189 | -149 | |
| 141 | ITI SECURITIES BROKING LIMITED | 5131 | -45 | |
| 142 | VERTEX SECURITIES LTD. | 5125 | -12 | |
| 143 | ALMONDZ GLOBAL SECURITIES LTD. | 5108 | +32 | |
| 144 | RAJVI STOCK BROKING PRIVATE LIMITED | 5081 | -36 | |
| 145 | ZUARI FINSERV LIMITED | 5034 | -9 | |
| 146 | NCO SECURITIES & SHARE BROKING (P) LTD | 4977 | -73 | |
| 147 | L.F.C. SECURITIES PRIVATE LIMITED | 4953 | +15 | |
| 148 | KALPATARU MULTIPLIER LTD. | 4921 | -72 | |
| 149 | PEERLESS SECURITIES LIMITED | 4909 | +37 | |
| 150 | CENTRUM BROKING LIMITED | 4859 | -147 | |
| 151 | PACE STOCK BROKING SERVICES PRIVATE LIMITED | 4763 | +40 | |
| 152 | COCHIN STOCK BROKERS LTD. | 4512 | -33 | |
| 153 | SHAREWEALTH SECURITIES LIMITED | 4397 | -129 | |
| 154 | HENSEX SECURITIES PRIVATE LIMITED | 3997 | +17 | |
| 155 | ATS SHARE BROKERS PRIVATE LIMITED | 3936 | -34 | |
| 156 | ASHLAR SECURITIES PRIVATE LIMITED | 3885 | +20 | |
| 157 | DB (INTERNATIONAL) STOCK BROKERS LTD. | 3779 | -39 | |
| 158 | MUTHOOT SECURITIES LTD. | 3645 | +6 | |
| 159 | FINDOC INVESTMART PVT. LTD. | 3229 | +689 | |
| 160 | NAVKAR SHARE & STOCK BROKERS PRIVATE LIMITED | 2808 | -4 | |
| 161 | SAURIN INVESTMENTS (P) LTD. | 2704 | -45 | |
| 162 | ARHAM WEALTH MANAGEMENT PVT LTD | 2582 | +56 | |
| 163 | BALAJI EQUITIES LTD. | 2578 | -37 | |
| 164 | VOGUE COMMERCIAL COMPANY LIMITED | 2521 | -4 | |
| 165 | KEDIA CAPITAL SERVICES PRIVATE LIMITED | 2517 | -6 | |
| 166 | STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED | 2471 | +12 | |
| 167 | SKI CAPITAL SERVICES LTD. | 2235 | -16 | |
| 168 | MOTISONS SHARES PRIVATE LIMITED | 2220 | +1 | |
| 169 | LOHIA SECURITIES LTD. | 2035 | -7 | |
| 170 | DEALMONEY COMMODITIES PRIVATE LIMITED | 2031 | -20 | |
| 171 | COMPETENT FINMAN PVT. LTD. | 1916 | -10 | |
| 172 | MULTIPLEX CAPITAL LTD. | 1910 | -24 | |
| 173 | RKSV COMMODITIES INDIA PRIVATE LIMITED | 1909 | – | |
| 174 | COMPOSITE INVESTMENTS PRIVATE LIMITED | 1873 | -3 | |
| 175 | AMBIT CAPITAL PRIVATE LIMITED | 1819 | – | |
| 176 | AXIS CAPITAL LIMITED | 1788 | +6 | |
| 177 | CIL SECURITIES LTD. | 1782 | – | |
| 178 | J G SHAH FINANCIAL CONSULTANTS PVT. LTD. | 1740 | +17 | |
| 179 | J L SHAH SECURITIES PRIVATE LIMITED | 1721 | +5 | |
| 180 | ALB STOCK BROKING PRIVATE LIMITED | 1718 | -11 | |
| 181 | ABHIPRA CAPITAL LTD. | 1642 | -8 | |
| 182 | RRS SHARES & STOCK BROKERS PVT. LTD | 1634 | -11 | |
| 183 | MLB CAPITAL PRIVATE LIMITED | 1627 | -15 | |
| 184 | NDA SECURITIES LTD. | 1549 | – | |
| 185 | A . G. SHARES & SECURITIES LTD. | 1543 | – | |
| 186 | C D INTEGRATED SERVICES LTD. | 1477 | – | |
| 187 | SACHDEVA STOCKS PRIVATE LIMITED | 1388 | – | |
| 188 | UNLOCK WEALTH SECURITIES LIMITED | 1374 | – | |
| 189 | ARCH FINANCE LTD. | 1356 | – | |
| 190 | SHREE BALAJI MULTICOMMODITIES PVT LTD | 1276 | – | |
| 191 | INTERACTIVE BROKERS (INDIA) PRIVATE LIMITED | 1246 | – | |
| 192 | GOGIA CAPITAL SERVICES LIMITED | 1244 | – | |
| 193 | AGROY FINANCE AND INVESTMENT LIMITED | 1159 | – | |
| 194 | JUST TRADE SECURITIES LIMITED | 1136 | – | |
| 195 | JBS SECURITIES PRIVATE LIMITED | 1111 | – | |
5 Likes
Wow grow is growing 10-30% every month.
Why is Zerodha lagging behind?
60k extra users last month to losing users this month? Did NSE change the way they are counting users or something?
First time I saw zerodha lagging. But atlast annual profit is the key. 
Some have very good product like fyers. But are not at all able to grab customers , perhaps they are not giving cashback:grinning:
. It is really a good platform with many things that can be improved:face_with_head_bandage:.
Yes thats why I said , they have lot to improve.
Brokers should be profitable. Else our money is not safe.
1 Like
When would Mstock and Sharekhan start showing the consolidated list?
Z has strengths. I find their platform simplistic but efficient for algo trading, and prefer them. And dont forget they are more profitable than the others in the top 5 put together 
4 Likes
As a retail trader without collocation, it is futile to rely on speed. I use Python. There is hardly any sanctity in high-speed ms execution for most of us. Whats important is reliability and fast-enuf execution. I have not used all, but have used Z, finvasia, Kotak, Dhan - and Z is the best for my purposes.
1 Like
In the past 1 year I have faced issue with Z just once, there could be other small time-outs that didnt affect my trades. Z has been the most reliable of the brokers I use. Nevertheless you will have to keep a watch whatever broker you use, handle all edge cases in code, and atleast alert you in case of unpredictable behaviour.
2 Likes
The growth rate of Zerodha is second poorest after ICICI.
Its interesting to see how GROWW jumped from 2nd place (2022) to 1st place (2023), with a higher growth rate
and increased it even more in 2024.
1 Like
Are you working for Dhan?
