Zerodha (Trading & Demat Account)
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Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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A report about the growth rate of stock brokers in India. Compare brokers by active clients and find the famous and biggest stock brokers in India.
It is the ranking of stock brokers in India by clients in a financial year. This stockbroker ranking includes full-service as well as top online discount stock brokers.
The report includes top stock brokers in India by active clients. It shows top broker's year-wise growth. Compare brokers for online trading and find the best brokers.
| << FY 2020-21 | 2021-22 | FY 2022-23 > > |
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| Rank | Broker | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2016-17 to 2017-18 | 2017-18 to 2018-19 | 2018-19 to 2019-20 | 2019-20 to 2020-21 |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 | HDFC Securities | 602,493 | 668,312 | 720,150 | 957,085 | 1,141,264 | 11% | 8% | 33% | 19% |
| 2 | Upstox | 43,889 | 92,781 | 619,305 | 2,141,095 | 5,215,523 | 111% | 567% | 246% | 144% |
| 4 | Angel One | 363,663 | 414,831 | 576,414 | 1,564,667 | 3,657,550 | 14% | 39% | 171% | 134% |
| 7 | Kotak Securities | 368,638 | 435,201 | 571,806 | 743,206 | 1,256,001 | 18% | 31% | 30% | 69% |
| 11 | Sharekhan | 535,003 | 517,252 | 549,778 | 679,333 | 764,250 | -3% | 6% | 24% | 13% |
| 6 | 5paisa | 36,034 | 101,043 | 434,036 | 870,405 | 1,754,330 | 180% | 330% | 101% | 102% |
| 10 | Motilal Oswal | 307,647 | 322,121 | 377,123 | 564,034 | 896,851 | 5% | 17% | 50% | 59% |
| 20 | Alice Blue | 5,181 | 6,513 | 37,295 | 125,223 | 149,397 | 26% | 473% | 236% | 19% |
| 15 | Choice Broking | 14,882 | 22,350 | 32,854 | 67,804 | 253,785 | 50% | 47% | 106% | 274% |
| 13 | AxisDirect | 404,769 | 421,771 | 270,462 | 454,882 | 422,358 | 4% | -36% | 68% | -7% |
| 12 | SBI Securities | 213,616 | 209,567 | 249,924 | 329,099 | 635,384 | -2% | 19% | 32% | 93% |
| 9 | IIFL Securities | 225,435 | 221,753 | 218,877 | 291,730 | 1,132,766 | -2% | -1% | 33% | 288% |
| 16 | Geojit | 183,466 | 163,875 | 163,742 | 201,206 | 234,546 | -11% | 0% | 23% | 17% |
| 17 | Nuvama (Edelweiss) | 104,643 | 120,378 | 130,215 | 157,254 | 193,041 | 15% | 8% | 21% | 23% |
| 19 | SMC Global | 103,047 | 107,689 | 113,513 | 135,863 | 160,010 | 5% | 5% | 20% | 18% |
| 18 | Religare | 143,892 | 162,151 | 111,652 | 132,939 | 165,416 | 13% | -31% | 19% | 24% |
| 1 | Zerodha | 540,905 | 887,267 | 1,414,376 | 3,602,074 | 6,277,434 | 64% | 59% | 155% | 74% |
| 5 | ICICIdirect | 798,355 | 830,661 | 1,075,956 | 1,580,233 | 3,031,192 | 4% | 30% | 47% | 92% |
| 3 | Groww | 0 | 0 | 0 | 780,570 | 3,847,955 | 393% | |||
| 14 | Paytm Money | 0 | 0 | 0 | 85,827 | 404,376 | 371% |
| << FY 2020-21 | 2021-22 | FY 2022-23 > > |
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