Stock Brokers List in India

Everyone trading stocks knows on which exchange his/her stocks are being traded but the party enabling these transactions is a broker which connects the individual and the stock exchange. As such, stock brokers play an important role in the ecosystem. In India, one needs trading and demat accounts to purchase and sell delivery-based securities. These accounts are opened by stock brokers who charge brokerage for their services. In this article, we will see a comprehensive list of stock brokers in India but first, a history lesson.

What is the History of Stock Brokerage?

The first account of shares being purchased and sold is from 1602 when the Dutch East India Company released the first publicly traded stocks through the Amsterdam Stock Exchange. Although similar trading used to take place in some markets before this, the traded instruments were mostly related to debt and the key ingredient – stocks – was missing. This can be seen as the first instance of organized stock issuance and trading. Owing to the law of private property rights indoctrinated in the Dutch Empire, the profession of stock brokers flourished.

At the end of the 17th century, the London Stock Exchange came into existence, and almost a hundred years later, in 1792, the New York Stock Exchange was formed. India and Asia saw their first stock exchange in the name of the Bombay Stock Exchange (BSE) in 1875.

Fast forward to the current day, India has a flourishing stock market servicing millions of domestic and overseas investors through hundreds of stock brokers.

Top Stock Brokers Market Share: List of Stock Brokers in India

Read Also: Is Your Stock Broker charging you higher than stipulated clearing fees?

Types of Share Market Brokers in the Market

Different types of share market brokers offer various products and services to their clients. Every kind of broker has advantages and disadvantages, and it’s essential to understand the differences before choosing one to handle your investments.

• Discount Stockbrokers

Discount or internet stock brokers are getting more and more well-liked because of their accessibility and affordability. They enable Internet trading without the need for face-to-face contact between the investor and the broker. Discount brokers may not be appropriate for consumers with large investment portfolios because not all of them offer the same level of knowledge as standard brokers. Nevertheless, they may be a great starting point for stock market investing for investors with little extra cash.

• Full-Service or Traditional Stockbrokers

Full-service stock brokers offer a variety of services, including dealing in stocks, investment guidance, retirement planning, and portfolio management. Even though they have more experience and a bigger commission, they can help you increase your earning potential and reduce dangers.

Also Read: Top Stock Brokers in India 2024

What’s the difference between a Discount and a Full-Service Broker?

Discount Brokers	Full-Service Brokers
Lower fees and commissions	Higher fees and commissions
Limited investment guidance	Personalized investment advice and guidance
Online trading platform	Personalized trading platform
No or limited research and analysis	In-depth research and analysis
Limited or no access to IPOs	Access to IPOs and other exclusive investments
Minimal customer support	Extensive customer support and assistance
Ideal for self-directed investors	Ideal for investors seeking personalized advice and assistance

Read Also: Fyers Brokerage Calculator

List of Stock Brokers in India with Active Clients

Given the huge addressable market, the list of stock brokers in India is quite long. As of August 2024, there were 233 stock brokers registered with NSE. Below is a full list of all stock brokers in India.

Broker Name	Active Clients	Market Share (%)	Number of Complaints	% of Number of Complaints Resolved
GROWW INVEST TECH	11,882,869	25.41	834	100.00
ZERODHA BROKING	7,884,365	16.86	567	100.00
ANGEL ONE	7,132,861	15.25	1,203	100.00
UPSTOX SECURITIES	2,771,549	5.93	299	100.00
ICICI SECURITIES	1,905,641	4.08	971	100.00
KOTAK SECURITIES	1,382,036	2.96	610	100.16
HDFC SECURITIES	1,244,723	2.66	283	100.00
SBICAP SECURITIES	966,099	2.07	212	100.00
MOTILAL OSWAL FINANCIAL SERVICES	958,025	2.05	498	100.00
MONEYLICIOUS SECURITIES PRIVATE	739,810	1.58	200	100.00
PAYTM MONEY	735,825	1.57	188	100.00
SHAREKHAN	690,766	1.48	207	100.00
INDMONEY	558,720	1.19	11	100.00
5PAISA CAPITAL	526,773	1.13	316	100.00
MIRAE ASSET CAPITAL MARKETS ( INDIA )	520,813	1.11	506	100.00
IIFL SECURITIES	454,611	0.97	284	100.00
AXIS SECURITIES	404,885	0.87	156	100.00
GEOJIT FINANCIAL SERVICES	252,344	0.54	39	100.00
FYERS SECURITIES	240,489	0.51	137	100.00
CHOICE EQUITY BROKING	222,280	0.48	144	100.00
SMC GLOBAL SECURITIES	188,959	0.40	84	101.19
NUVAMA WEALTH AND INVESTMENT	175,526	0.38	115	100.00
ALICE BLUE FIN SVCS	161,168	0.34	66	100.00
FINVASIA SECURITIES	150,363	0.32	1,110	100.00
NIRMAL BANG SECURITIES	150,122	0.32	49	100.00
RELIGARE BROKING	148,836	0.32	104	100.00
ANAND RATHI SHARE AND STOCK BROKERS	139,339	0.30	69	100.00
MARWADI SHARES AND FINANCE	136,798	0.29	9	100.00
VENTURA SECURITIES	119,682	0.26	31	100.00
JM FINANCIAL SERVICES	113,385	0.24	25	100.00
JAINAM BROKING	113,004	0.24	14	100.00
SAMCO SECURITIES	96,900	0.21	58	100.00
ADITYA BIRLA MONEY	91,940	0.20	47	100.00
NJ INDIA INVEST	86,186	0.18	11	100.00
TRADEBULLS SECURITIES	81,726	0.17	38	100.00
SWASTIKA INVESTMART	80,523	0.17	42	100.00
STOCKHOLDING SERVICES	76,291	0.16	25	92.00
YES SECURITIES (INDIA)	74,112	0.16	36	100.00
RELIANCE SECURITIES	71,067	0.15	72	100.00
GLOBE CAPITAL MARKET LIMITED	68,771	0.15	35	100.00
MASTER CAPITAL SERVICES LIMITED	64,498	0.14	21	100.00
MONARCH NETWORTH CAPITAL LIMITED	59,619	0.13	8	100.00
BONANZA PORTFOLIO LTD.	58,659	0.13	20	100.00
IDBI CAPITAL MARKETS & SECURITIES LTD.	56,906	0.12	35	100.00
ARIHANT CAPITAL MARKETS LIMITED	56,437	0.12	18	100.00
JHAVERI SECURITIES LIMITED	53,102	0.11	2	100.00
INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED	51,027	0.11	7	100.00
PRABHUDAS LILLADHER PVT. LTD.	48,808	0.10	13	100.00
SURESH RATHI SECURITIES PRIVATE LIMITED	43,096	0.09	3	100.00
PROFITMART SECURITIES PRIVATE LIMITED	39,579	0.08	19	100.00
BAJAJ FINANCIAL SECURITIES LTD.	37,095	0.08	23	100.00
SHRI PARASRAM HOLDINGS PVT. LTD.	36,492	0.08	7	100.00
SHAH INVESTORS HOME LIMITED	35,874	0.08	1	100.00
DHANI STOCKS LIMITED	35,365	0.08	40	100.00
CHOLAMANDALAM SECURITIES LIMITED	34,624	0.07	4	100.00
ACML CAPITAL MARKETS LIMITED	33,912	0.07	6	100.00
ASTHA CREDIT & SECURITIES (P) LTD	33,835	0.07	18	100.00
GOODWILL WEALTH MANAGEMENT PVT LTD	33,792	0.07	47	100.00
LKP SECURITIES LTD.	33,156	0.07	14	100.00
FORTUNE CAPITAL SERVICES PRIVATE LIMITED	31,762	0.07	28	100.00
NU INVESTORS TECHNOLOGIES PRIVATE LIMITED	29,703	0.06	1	100.00
HEM FINLEASE PVT. LTD.	29,610	0.06	2	100.00
SHRIRAM INSIGHT SHARE BROKERS LIMITED	29,549	0.06	16	100.00
EUREKA STOCK & SHARE BROKING SERVICES LIMITED	28,087	0.06	1	100.00
ECONO BROKING PRIVATE LIMITED	27,761	0.06	3	100.00
VNS FINANCE & CAPITAL SERVICES LTD.	27,697	0.06	13	100.00
LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD.	26,407	0.06	8	100.00
MARKETWOLF SECURITIES PRIVATE LIMITED	26,360	0.06	5	100.00
WAY2WEALTH BROKERS PRIVATE LIMITED	25,005	0.05	1	100.00
CANARA BANK SECURITIES LIMITED	21,700	0.05	11	100.00
PRUDENT BROKING SERVICES PRIVATE LIMITED	20,610	0.04	4	100.00
FINWIZARD TECHNOLOGY PRIVATE LIMITED	20,519	0.04	7	100.00
SOUTH ASIAN STOCKS LTD.	20,139	0.04	12	108.33
ASHIKA STOCK BROKING LTD.	20,054	0.04	4	100.00
ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD.	20,052	0.04	2	100.00
MATALIA STOCK BROKING PVT. LTD.	17,991	0.04	1	100.00
ALANKIT IMAGINATIONS LIMITED	17,767	0.04	4	100.00
GOLDMINE STOCKS PRIVATE LIMITED	17,656	0.04	1	100.00
STEEL CITY SECURITIES LTD.	17,528	0.04	2	100.00
BOB CAPITAL MARKETS LIMITED	16,767	0.04	19	100.00
PHILLIPCAPITAL (INDIA) PVT. LTD	16,608	0.04	3	100.00
ACUMEN CAPITAL MARKET (INDIA) LTD	16,435	0.04	10	100.00
ANS PVT. LTD.	16,079	0.03	1	100.00
MONEYWISE FINVEST LIMITED	13,980	0.03	7	100.00
RUDRA SHARES & STOCK BROKERS LIMITED	13,949	0.03	3	100.00
SYKES & RAY EQUITIES (I) LTD.	13,858	0.03	1	100.00
ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITED	13,795	0.03	6	100.00
DAILY GONG FINANCIAL SERVICES LIMITED	13,599	0.03	2	100.00
TRUSTLINE SECURITIES LIMITED	13,530	0.03	7	100.00
NINE STAR BROKING PRIVATE LIMITED	13,126	0.03	1	100.00
BP EQUITIES PRIVATE LIMITED	13,097	0.03	3	100.00
INVENTURE GROWTH & SECURITIES LIMITED	13,092	0.03	2	100.00
PRAVIN RATILAL SHARE AND STOCK BROKERS LTD	12,648	0.03	1	100.00
EMKAY GLOBAL FINANCIAL SERVICES LIMITED	12,514	0.03	1	100.00
ESPRESSO FINANCIAL SERVICES PRIVATE LIMITED.	11,722	0.03	3	100.00
BHANSALI VALUE CREATIONS PRIVATE LIMITED	11,607	0.02	8	100.00
LSC SECURITIES LIMITED	11,059	0.02	4	100.00
GEPL CAPITAL PRIVATE LIMITED	10,897	0.02	3	100.00
PUNE E STOCK BROKING LIMITED	10,888	0.02	6	100.00
TRADEJINI FINANCIAL SERVICES PVT LTD	10,755	0.02	2	100.00
ADROIT FINANCIAL SERVICES PRIVATE LIMITED	10,241	0.02	1	100.00
STANDARD CHARTERED SECURITIES (INDIA) LIMITED	10,203	0.02	4	100.00
INDIRA SECURITIES PRIVATE LIMITED	9,749	0.02	7	100.00
NAVIA MARKETS LTD.	9,612	0.02	7	100.00
MANSUKH SECURITIES & FINANCE LIMITED	9,432	0.02	3	100.00
SHREE BAHUBALI STOCK BROKING LTD	9,064	0.02	1	100.00
A C AGARWAL SHARE BROKERS PVT LTD	8,861	0.02	1	100.00
SS CORPORATE SECURITIES LIMITED	8,678	0.02	3	100.00
R K GLOBAL SHARES & SECURITIES LIMITED	8,284	0.02	6	100.00
DBFS SECURITIES LIMITED	8,109	0.02	2	100.00
PRITHVI FINMART PRIVATE LIMITED	7,948	0.02	1	100.00
MEHTA EQUITIES LIMITED	7,838	0.02	1	100.00
ENRICH FINANCIAL MARKET PRIVATE LIMITED	7,457	0.02	2	100.00
COIMBATORE CAPITAL LIMITED	7,332	0.02	1	100.00
SPFL SECURITIES LIMITED	7,329	0.02	3	100.00
MANGAL KESHAV FINANCIAL SERVICES LLP	7,215	0.02	6	100.00
KRCHOKSEY SHARES AND SECURITIES PRIVATE LIMITED	7,136	0.02	2	100.00
INVESTMENTOR SECURITIES LTD.	7,077	0.02	1	100.00
SHARE INDIA SECURITIES LIMITED	7,016	0.02	1	100.00
SUNLIGHT BROKING LLP	6,905	0.01	1	100.00
MANDOT SECURITIES PRIVATE LIMITED	6,564	0.01	46	100.00
RAGHUNANDAN CAPITAL PRIVATE LIMITED	6,324	0.01	2	100.00
WELLWORTH SHARE & STOCK BROKING LIMITED	6,200	0.01	1	100.00
MARKET-HUB STOCK BROKING PRIVATE LIMITED	6,186	0.01	7	100.00
SMIFS LIMITED	5,925	0.01	6	100.00
SYSTEMATIX SHARES & STOCKS (INDIA) LTD.	5,909	0.01	1	100.00
MARFATIA STOCK BROKING PRIVATE LIMITED	5,900	0.01	1	100.00
IFCI FINANCIAL SERVICES LIMITED	5,554	0.01	9	100.00
GANGANAGAR COMMODITY LIMITED	5,342	0.01	1	100.00
ELITE WEALTH LIMITED	5,320	0.01	2	100.00
SUNFLOWER BROKING PVT. LTD.	5,270	0.01	1	100.00
INDUS PORTFOLIO (P) LTD	5,223	0.01	1	100.00
NCO SECURITIES & SHARE BROKING (P) LTD	5,029	0.01	1	100.00
TRADESWIFT BROKING PRIVATE LIMITED	4,918	0.01	1	100.00
CENTRUM BROKING LIMITED	4,891	0.01	1	100.00
ZUARI FINSERV LIMITED	4,854	0.01	1	100.00
ALMONDZ GLOBAL SECURITIES LTD.	4,829	0.01	3	100.00
MSE FINANCIAL SERVICES LTD.	4,707	0.01	1	100.00
PEERLESS SECURITIES LIMITED	4,606	0.01	2	100.00
PACE STOCK BROKING SERVICES PRIVATE LIMITED	4,577	0.01	3	100.00
COCHIN STOCK BROKERS LTD.	4,498	0.01	3	100.00
ATS SHARE BROKERS PRIVATE LIMITED	4,115	0.01	4	100.00
360 ONE Distribution Services Limited	4,077	0.01	1	100.00
MARKET PULSE SECURITIES PRIVATE LIMITED	4,048	0.01	1	100.00
HINDUSTAN TRADECOM PRIVATE LIMITED	3,899	0.01	1	100.00
ASHLAR SECURITIES PRIVATE LIMITED	3,806	0.01	5	100.00
KANTILAL CHHAGANLAL SECURITIES PRIVATE LIMITED	3,266	0.01	2	100.00
JYOTI BROKING PRIVATE LIMITED	3,096	0.01	1	100.00
AJCON GLOBAL SERVICES LIMITED	3,083	0.01	1	100.00
SKP SECURITIES LTD.	2,911	0.01	1	100.00
INTEGRATED MASTER SECURITIES PVT. LTD.	2,600	0.01	1	100.00
BEELINE BROKING LTD	2,549	0.01	1	100.00
VOGUE COMMERCIAL COMPANY LIMITED	2,481	0.01	1	100.00
ARHAM WEALTH MANAGEMENT PVT LTD	2,478	0.01	2	100.00
DP TRADEKING PVT LTD	2,478	0.01	1	100.00
KEDIA CAPITAL SERVICES PRIVATE LIMITED	2,406	0.01	2	100.00
STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED	2,359	0.01	12	100.00
AMBALAL SHARES & STOCKS PRIVATE LIMITED	2,351	0.01	1	100.00
NIKUNJ STOCK BROKERS LTD.	2,285	0.00	1	100.00
AJMERA ASSOCIATES LTD.	2,256	0.00	1	100.00
SKI CAPITAL SERVICES LTD.	2,242	0.00	1	100.00
FRR SHARES AND SECURITIES LIMITED	2,131	0.00	1	100.00
MULTIPLEX CAPITAL LTD.	1,936	0.00	1	100.00
COMPOSITE INVESTMENTS PRIVATE LIMITED	1,924	0.00	1	100.00
DEALMONEY COMMODITIES PRIVATE LIMITED	1,918	0.00	22	100.00
FARSIGHT SECURITIES LTD.	1,671	0.00	2	100.00
ABHIPRA CAPITAL LTD.	1,622	0.00	2	100.00
VCK SHARE & STOCK BROKING SERVICES LTD.	1,365	0.00	1	100.00
COMFORT SECURITIES LIMITED	1,351	0.00	1	100.00
INTERACTIVE BROKERS (INDIA) PRIVATE LIMITED	1,261	0.00	2	100.00
JUST TRADE SECURITIES LIMITED	1,191	0.00	3	100.00
KARUNA FINANCIAL SERVICES PVT. LTD	1,186	0.00	1	100.00
SAAKETA INVESTMENT SERVICES LIMITED	1,069	0.00	1	100.00
C.D. EQUISEARCH PVT. LTD	991	0.00	2	100.00
COMPOSITE SECURITIES LTD.	976	0.00	1	100.00
BALJIT SECURITIES PVT. LTD.	885	0.00	2	100.00
ACHINTYA SECURITIES PRIVATE LIMITED	862	0.00	5	100.00
ACEMONEY INTERMEDIARIES PRIVATE LIMITED	737	0.00	3	100.00
NARIMAN FINVEST PRIVATE LIMITED	713	0.00	1	100.00
NAVJEEVAN EQUITY BROKING PRIVATE LIMITED	658	0.00	1	100.00
VACHANA INVESTMENTS PRIVATE LIMITED	637	0.00	1	100.00
GILL BROKING PRIVATE LIMITED	616	0.00	2	100.00
NUVAMA WEALTH MANAGEMENT LIMITED	558	0.00	3	100.00
MONEYPALM BROKERS PRIVATE LIMITED	439	0.00	2	100.00
RR EQUITY BROKERS PVT. LTD.	380	0.00	2	100.00
DIVYA CAPITAL ONE PRIVATE LIMITED	288	0.00	1	100.00
FLOURISH FINCAP PVT LTD	255	0.00	1	100.00
KEYNOTE CAPITALS LTD.	241	0.00	1	100.00
AXIOM SHARE BROKING PVT. LTD.	85	0.00	1	100.00
ARETE SECURITIES LIMITED	83	0.00	1	100.00
DHAN STOCK & SHARE BROKERS PVT. LTD.	27	0.00	10	100.00
GSB SECURITIES PVT LTD	15	0.00	1	100.00
INDIANIVESH SHARES AND SECURITIES PRIVATE LIMITED	8	0.00	1	100.00
MEFCOM SECURITIES LTD.	5	0.00	1	100.00
GREENBUCKS SECURITIES PRIVATE LIMITED	3	0.00	6	100.00
FORTUNE CAPITAL SERVICES	1	0.00	6	100.00
IDBI BANK LIMITED	1	0.00	2	100.00
J M GLOBAL EQUITIES PRIVATE LIMITED	1	0.00	1	100.00
4A SECURITIES LIMITED	0	0.00	5	100.00
ANUGRAH STOCK & BROKING PVT. LTD.	0	0.00	1	100.00
ASSET ALLIANCE SECURITIES PVT. LTD.	0	0.00	1	100.00
BERKELEY SECURITIES LIMITED	0	0.00	1	100.00
BEST BULL STOCK TRADING	0	0.00	2	100.00
BLUE ANGEL STOCK BROKERS PVT. LTD	0	0.00	1	100.00
EDELWEISS FINANCIAL ADVISORS LIMITED	0	0.00	1	100.00
GRIP BROKING PRIVATE LIMITED	0	0.00	1	100.00
GROW-ON PORTFOLIO PRIVATE LTD	0	0.00	2	100.00
ICICI BANK LTD	0	0.00	1	100.00
ICICI WEB TRADE LTD	0	0.00	2	100.00
IDFC FIRST BANK LIMITED	0	0.00	1	100.00
INTEGRATED STOCK BROKING SERVICES PVT.LTD.	0	0.00	1	100.00
JM FINANCIAL SECURITIES PVT.LTD.	0	0.00	1	100.00
KARMIC STOCK BROKING PRIVATE LIMITED	0	0.00	1	100.00
KARVY STOCK BROKING LTD.	0	0.00	4	150.00
KOTAK MAHINDRA SECURITIES LTD.	0	0.00	1	100.00
KRISHA INCAP SERVICES PVT.LTD.	0	0.00	1	100.00
LFS BROKING PRIVATE LIMITED	0	0.00	19	100.00
MAXGROWTH CAPITAL PRIVATE LIMITED	0	0.00	10	0.00
MEHTA SECURITIES LTD.	0	0.00	1	100.00
MOTILAL OSWAL CAPITAL MARKETS PRIVATE LIMITED	0	0.00	7	100.00
NEO SECURITIES LTD.	0	0.00	2	100.00
PREMIUM GLOBAL SECURITIES (P) LTD.	0	0.00	1	100.00
QUANTUM SECURITIES PVT. LTD.	0	0.00	12	100.00
RAPID CAPITAL SERVICES	0	0.00	7	100.00
RVS SHARES & STOCK BROKING SERVICES PVT. LTD.	0	0.00	1	100.00
SAFAL CAPITAL (INDIA) LIMITED	0	0.00	1	100.00
SAS BROKING PRIVATE LIMITED	0	0.00	2	100.00
SATCO CAPITAL MARKETS LIMITED	0	0.00	1	100.00
SIC STOCKS & SERVICES PRIVATE LIMITED	0	0.00	1	100.00
STOCK HOLDING CORPORATION OF INDIA LTD	0	0.00	14	114.28
TATA INVESTMENT CORPORATION LTD.	0	0.00	1	100.00
VIKSON SECURITIES PRIVATE LIMITED	0	0.00	4	25.00
WIDEANGLE FINANCIAL SERVICES LTD	0	0.00	1	100.00

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