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List of Biggest Stockbrokers in India (Updated: Jan 2022) In this clause, we are passing to look at the 15 Biggest Stockbrokers in India founded on their total phone number of unique active clients.

In that respect are over Three hundred stockbrokers in India registered with SEBI and diverse stock exchanges. Even on National Stock market (NSE), there are 265 registered stockbrokers in India (including defaulters OR expelled) as of the latest available data of 30th November 2021. When you are looking for the best stock broker to open your demat and trading account, one of the about direct factors to search into is its total number of active clients. Although a large node base doesn't guarantee a better service, nevertheless, being a big firm, it reduces the theory of the brokerage disappearing or flying out of the service in time.

These days, one and all stockbrokers will indicate that they are trustworthy as they are registered with SEBI. However, just because they are enrolled with SEBI doesn't make them reliable for the long-lived terminal figure. Time and again, a lot of such small brokers are either expelled out of the substitution or just go out of the occupation and charge for failure. And this leads to much of trouble for their topical clients.

Consequently, a safer option for the customers to avoid any so much kind of inconvenience is by opening night their trading account with the biggest stockbrokers in the Diligence.

15 Biggest Stockbrokers in India with Highest Active Clients

Several websites rank stockbrokers in Republic of India based on different factors like their brand value, trading platforms, customer services, facilities offered, complaint ratio, etc. However, in that clause, we are not going to look into these factors.

Here, we are going to consider just one factor, i.e. the total number of unique overactive clients for that stockbroker. In that brand, the stockbroker with the highest identification number of clients is ranked first, followed by the future stockbrokers with top active clients.

For this approach, we are going to use the data available on the NSE India website. The national blood exchange website provides the details of the monthly total number of unique clients of the different stockbrokers registered with it. Here's a quick link to the page. You can also download the spreadsheet available on this foliate to analyze the stockbrokers further.

Present are the 15 Biggest Stockbrokers in Bharat supported the total number of unparalleled active clients:

S No	Describ of Descent Factor	# of Active Clients	Market Share (%)
1	ZERODHA BROKING Special	5484447	18.33%
2	RKSV SECURITIES INDIA Privy LIMITED (Upstox)	4261522	14.24%
3	Holy person BROKING LIMITED	2861515	9.56%
4	NEXTBILLION Engineering science PRIVATE Small-scale (Groww)	2671173	8.93%
5	ICICI SECURITIES LIMITED	2605215	8.70%
6	5PAISA CAPITAL Finite	1336132	4.46%
7	KOTAK SECURITIES LTD.	1065692	3.56%
8	HDFC SECURITIES LTD.	1037145	3.47%
9	IIFL SECURITIES LIMITED	798795	2.67%
10	MOTILAL OSWAL FINANCIAL SERVICES Small-scale	767316	2.56%
11	SHAREKHAN LTD.	760033	2.54%
12	AXIS SECURITIES LIMITED	418860	1.40%
13	SBICAP SECURITIES LIMITED	404143	1.35%
14	PAYTM MONEY LTD.	295427	0.99%
15	GEOJIT FINANCIAL SERVICES Pocket-sized	233244	0.78%

Please note that the summate number of active clients of all stockbrokers is 2,99,27,988 (2.99 Cr) as of 30th November 2021, mentioned on the NSE India web site.

From the supra defer, you can quickly notice that Zerodha is the biggest stockbroker with the highest numbers of unique clients registered on the National securities market in India.

American Samoa of 30th November 2021, Zerodha constitutes around 18.33% of the unconditioned market share of the active clients registered along the National Stock Exchange. It has over 54.84 hundred thousand active customers compared to a total of over 2.99 Crore going clients of all stockbrokers along the NSE.

What makes this number even more intriguing is that Zerodha which got a unicorn startup status in 2020, was just supported in 2010 and placid has been able to outrank whol the old and intimately-matured handed-down brokers. As of 2021, the startup is valued at over 2 billion dollars. Anyways, other discount brokers like RKSV Securities (Upstox), Angel Broking, 5Paisa, and Groww (NextBillion Technologies) have also made into the top ten stockbrokers in India every bit per the number of active clients.

Also take: Zerodha Revue –Deduction Broker in India | Brokerage, Trading Chopine & More

Reported to the above table, Zerodha is followed by Upstox, which ranks second and has complete 42.61 lakhs unparalleled clients and holds 14.24% of the market share.

biggest stock brokers in india market share wise clients

The other most prominent stockbrokers in this list are Backer Broking (28.61 lakh clients), Groww (26.71 lakh clients) , ICICI Securities (26.05 100000 clients), 5Paisa (13.36 lakh clients), Kotak Securities (10.65 lakh clients), HDFC Securities (10.37 Lakh clients), IIFL Securities (7.98 100000 clients), Motilal Oswal Group (7.67 lakh clients) and Sharekhan (7.60 lakh clients). Together these 15 biggest stockbrokers constitute over 83.54% of the total share of the unusual clients registered along NSE.

Further, Upstox (RKSV Securities) and Groww (Next Billion Technologies) have been climbing the ranks fastly compared to the other stock brokers. Upstox's market share has increased from 11.33% connected June 21 to 14.24% arsenic of November 21. Groww has moved from 7th to 4th position in the last six months past over-performing ICICI Securities, 5 Paisa, HDFC Securities, Kotak Securities, and Sharekhan in footing of total Numbers of existing clients on NSE. Coincidently, Upstox and Groww, both are to a great extent funded startups and are evening valued higher than Zerodha. Upstox recently got a unicorn position after the Recent epoch funding labialise and now is valuable at $3 Trillion.

Also scan: Compare Online broker in Bharat – Stockbrokers list

Bonus: Additional Clear Stockbrokers

Here is a list of the 'Next' 15 biggest stockbrokers in India with the highest active clients registered on the National timeworn exchange as of 30th November, 2021.

S No	Name of Stock Broker	# of Active Clients	Market Share (%)
16	FNO INDIA SECURITIES Confidential LIMITED	214839	0.72%
17	EDELWEISS BROKING Qualified	181029	0.60%
18	RELIGARE BROKING LIMITED	156673	0.52%
19	SMC GLOBAL SECURITIES LTD.	156378	0.52%
20	ALICE BLUE FIN SVCS P LTD	147304	0.49%
21	CHOICE EQUITY BROKING PRIVATE LIMITED	138186	0.46%
22	NIRMAL Bon SECURITIES PVT. LTD.	131900	0.44%
23	MARWADI SHARES AND FINANCE LIMITED	123516	0.41%
24	Trust SECURITIES LIMITED	120336	0.40%
25	VENTURA SECURITIES LTD.	116487	0.39%
26	ANAND RATHI SHARE AND Ancestry BROKERS LIMITED	100753	0.34%
27	FYERS SECURITIES PRIVATE Specific	92386	0.31%
28	JAINAM SHARE CONSULTANTS PRIVATE LIMITED	86062	0.29%
29	SAMCO SECURITIES LIMITED	79878	0.27%
30	TRADEBULLS SECURITIES (P) LTD.	71818	0.24%

FAQs connected Biggest Stockbrokers in Bharat

1) Which is the biggest stockbroker in India?

Zerodha is the biggest stockbroker in India supported the total number of clients which is estimated to be over +7.5 million clients on BSE and NSE (as per its website). Effected in 2010, Zerodha is a discount broker founded by Nithin Kamath and Nikhil Kamath. Zerodha is followed by Upstox, Angel Broking, and ICICI securities World Health Organization are too notable among the biggest stock brokers in India based on sum up customers.

2) WHO is the No 2 stockbroker in India?

Upstox, registered as RKSV Securities, is the secondment-largest stockbroker in India based on the tot up phone number of active clients and market share. Every bit of November 21, Upstox has a 14.24% market share in the Indian stock brokerage diligence. Originally supported in 2010, and later rebranding in 2016, Upstox is a Unicorn startup straight-backed by Rattan Tata with a evaluation of over $3 Billion as of Dec 2021. Coincidentally, the latest funding round ready-made Upstox more valuable than rivals Zerodha and Groww, as per the reports.

3) Who is the largest broker in India?

Zerodha is the largest broker in India in terms of the total number of active clients. However, other traditional brokers like ICICI Direct, Angel Falls Broking, Sharekhan, etc are aged and popular. In terms of valuation or market cap, ICICI securities is the largest stockbroker in India. Opposite stockbrokers like Groww and Upstox are also many valuable and big in damage of valuation, though Zerodha is a bootstrapped keep company.

4) Fundament stockbrokers be rich people?

Yes, stockbrokers can live rich. The founders of Zerodha, Nithin Kamath, and Nikhil Kamath are some billionaires and ranked among the top 100 richest men in India and draw an annual earnings of Rs 100 crores.

Among other sizeable names along Dalal Street who are ranked among the IIFL Wealth Hurun India Rich List 2021 are JM Financial's Nimesh Kampani & family is worth Rs 5,600 crore. IIFL's Nirmal Bhanwarlal Jain is meriting Rs 4,800 crore. Motilal Oswal Business enterprise Services' Motilal Oswal is worth Rs 4,500 crore and is the 349th richest Indian. Food market veteran Raamdeo Ramgopal Agrawal is valuable Rs 4,400 crore. Even founders of other startup stock brokerage firms like Groww, Upstox, etc are besides exceptionally rich and their firms are unicorns.

5) Which is the safest stock broker in India?

Zerodha is the biggest stockbroker in India and is considered to be the safest stock broker in India. It is trusted by over +7.5 1000000 clients on NSE & BSE, and contributes to complete 15% of all retail order volumes in India daily by trading and investing. Zerodha's trading platform, Kite, is as wel advised the safest and best trading app for Indian stock traders.

6) Which is best Zerodha or Holy person Broking?

Between Zerodha and Backer Broking, Zerodha is more touristy among investors based along active clients. Nonetheless, Zerodha is a ignore broker while Angel Falls Broking is a full-service agent that offers discount brokerage plans. Zerodha doesn't allow Research reports operating theater investing tips, however, Angel broking offers these facilities to its clients.

7) Can I have 2 Demat accounts?

Yes, you can have ii Oregon even more Demat accounts. Information technology is lawfully permissible in India to have binary Demat accounts. Totally these Demat accounts will be linked to the same PAN board of the private.

8) Which factor is better than Zerodha?

Upstox, Groww, and Angel Broking are considered to follow the biggest rivals of Zerodha, and besides better than Zerodha in few features. Apart from these, traditional brokers like ICICI Direct, HDFC Securities, Sharekhan are also reasoned better than Zerodha every bit they offer full-service features to their customers that admit consultatory, inquiry reports, and much.

9) What if Zerodha shuts down?

Eventide if Zerodha or any of your stock brokers shuts down, your stocks are safe. Your stocks are kept with the depositories, i.e. CDSL and NSDL. In the case of Zerodha, CDSL is the depository. Even if Zerodha shuts down, CDSL will remain active and you tin undisguised a spick-and-span trading report and get your shares by linking your CDSL account with the new Demat account.

That's all for this article. I hope this list of 15 Biggest Stockbrokers in India with highest Bustling Clients was helpful to you. Further, please comment at a lower place which brokerage firm you're using for trading in the Indian stock exchange and your review for the same. Happy investing!

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Hi, I am Kritesh (Tweet Maine here), an NSE Certified Equity Fundamental frequency Psychoanalyst and an electric engineer (NIT Warangal) by qualification. I have a passion for stocks and have spent my last 4+ years learning, investing and educating people about stemm grocery investment. And and then, I am delighted to share my learnings with you. #HappyInvesting

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