Top 20 Share Brokers in India 2012

Top Share Brokers in India 2012 (Top 20 Stock Brokers)

A genuine list of top share brokers in India 2012 by the number of the active clients in 2012. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by Upstox, Angel One, ICICIdirect and Groww.

There are 20 top stock brokers who have over 1 lakhs of active customers. The year wise list of top stock brokers in India also provides detail about the latest number of active clients with the broker. Find the top online broker rankings 2012 below:

Top 20 Share Brokers in India 2012

Rank Broker Active Clients Request Callback Review
ProStocks - Open Online Account ProStocks Review
1ICICIdirect2,103,212Open Account ICICIdirect Review
2HDFC Securities1,336,638HDFC Securities Review
3Sharekhan1,125,128Open Account Sharekhan Review
4IIFL Securities1,019,778Open Account IIFL Securities Review
5Religare803,640Religare Review
6Angel One787,923Open Account Angel One Review
7Kotak Securities674,160Open Account Kotak Securities Review
8Motilal Oswal621,966Motilal Oswal Review
9Dhani Stocks607,108Dhani Stocks Review
10Geojit452,945Geojit Review
11Anand Rathi296,977Open Account Anand Rathi Review
12SBI Securities275,515SBI Securities Review
13SMC Global253,314SMC Global Review
14Bonanza240,596Bonanza Review
15Aditya Birla Money216,256Aditya Birla Money Review
16Nirmal Bang149,043Nirmal Bang Review
17Ventura131,678Ventura Review
18Master Trust108,443Master Trust Review
19Nuvama103,016Open Account Nuvama Review
20IDBI Capital101,135IDBI Capital Review

Share brokers are authorized members of the stock exchanges (i.e. BSE, NSE). They execute trades on behalf of the customers at the exchange. There are 100's of registered stock brokers in India offering stock trading to retail customers. At high-level, the most famous stock brokers in India are categories in 2 types:

  1. Full-services brokers
  2. Discount Stock Brokers

Full-service brokers offer a wide range of services including stock trading, research and advisory and local support. Discount stock brokers are online brokers specialized only in stock and commodity trading services. They do not offer add-ons like research and advisory, PMS, wealth management and branch support.

The most popular stock brokers in the full-service category include ICICI Direct, Sharekhan, HDFC Securities, Sharekhan, Angel One and Axis Bank. The most famous stock brokers in discount broker category include Zerodha, 5paisa and upstox.


  • The data for this report is compiled from BSE and NSE stock exchanges.
  • The best broker ranking is updated every month.
  • Click on the broker name to read broker review.


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