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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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 | SBI Securities | 213,616 | 209,567 | 249,924 | 329,099 | 635,384 | -2% | 19% | 32% | 93% |
| 5 | ICICIdirect | 798,355 | 830,661 | 1,075,956 | 1,580,233 | 3,031,192 | 4% | 30% | 47% | 92% |
| 1 | Zerodha | 540,905 | 887,267 | 1,414,376 | 3,602,074 | 6,277,434 | 64% | 59% | 155% | 74% |
| 7 | Kotak Securities | 368,638 | 435,201 | 571,806 | 743,206 | 1,256,001 | 18% | 31% | 30% | 69% |
| 10 | Motilal Oswal | 307,647 | 322,121 | 377,123 | 564,034 | 896,851 | 5% | 17% | 50% | 59% |
| 3 | Groww | 0 | 0 | 0 | 780,570 | 3,847,955 | 393% | |||
| 14 | Paytm Money | 0 | 0 | 0 | 85,827 | 404,376 | 371% | |||
| 9 | IIFL Securities | 225,435 | 221,753 | 218,877 | 291,730 | 1,132,766 | -2% | -1% | 33% | 288% |
| 15 | Choice Broking | 14,882 | 22,350 | 32,854 | 67,804 | 253,785 | 50% | 47% | 106% | 274% |
| 18 | Religare | 143,892 | 162,151 | 111,652 | 132,939 | 165,416 | 13% | -31% | 19% | 24% |
| 17 | Nuvama | 104,643 | 120,378 | 130,215 | 157,254 | 193,041 | 15% | 8% | 21% | 23% |
| 8 | HDFC Securities | 602,493 | 668,312 | 720,150 | 957,085 | 1,141,264 | 11% | 8% | 33% | 19% |
| 20 | Alice Blue | 5,181 | 6,513 | 37,295 | 125,223 | 149,397 | 26% | 473% | 236% | 19% |
| 19 | SMC Global | 103,047 | 107,689 | 113,513 | 135,863 | 160,010 | 5% | 5% | 20% | 18% |
| 16 | Geojit | 183,466 | 163,875 | 163,742 | 201,206 | 234,546 | -11% | 0% | 23% | 17% |
| 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% |
| 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% |
| 13 | AxisDirect | 404,769 | 421,771 | 270,462 | 454,882 | 422,358 | 4% | -36% | 68% | -7% |
| << FY 2020-21 | 2021-22 | FY 2022-23 > > |
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