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A Complete List of SEBI Registered Stockbrokers in India 2021: As per NSE India Website, there are over 1.89 Crore Active Clients as of September 2021, trading on NSE Exchange. There are 314 Registered stockbrokers including defaulters and the expelled stockbrokers as per their website.

If you visit the SEBI website, you can find that there are 4,647 records for the list of Registered Stock Brokers in the equity segment. You can check this list for the details. However, for the sake of simplicity and keeping the list only restricted to stockbrokers based on the active users/clients, we’ll be referring to the NSE India website to look into the active stockbroker’s list.

In this article, we’ll be looking into the complete list of SEBI Registered stockbrokers in India and their market share. Keep Reading to find out.

List of SEBI Registered Stockbrokers in India 2021

The below table shows the list of 314 stockbrokers as mentioned on the NSE India website along with their market share.

S NONAME OF THE STOCKBROKERDEFAULTER (YES/NO)# OF ACTIVE CLIENTSNO. OF COMPLAINTS RECEIVED AGAINST*MARKET SHARE
1KARVY STOCK BROKING LTD.Yes (Expelled)-7644NA
2ANUGRAH STOCK & BROKING PVT. LTD.Yes (Expelled)624624440.03%
3INDIANIVESH SHARES AND SECURITIES PRIVATE LIMITEDNo1515420.00%
4ANGEL BROKING LIMITEDNo156466715018.28%
5ZERODHA BROKING LIMITEDNo360207486819.06%
6RKSV SECURITIES INDIA PRIVATE LIMITEDNo214109586211.33%
7ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITEDNo113777830.06%
85PAISA CAPITAL LIMITEDNo8704056124.61%
9ICICI SECURITIES LIMITEDNo15802336028.36%
10MOTILAL OSWAL FINANCIAL SERVICES LIMITEDNo5640344912.99%
11SHAREKHAN LTD.No6793334053.60%
12KOTAK SECURITIES LTD.No7432063653.93%
13HDFC SECURITIES LTD.No9570852855.07%
14IIFL SECURITIES LIMITEDNo2917302281.54%
15EDELWEISS BROKING LIMITEDNo1572542240.83%
16SBICAP SECURITIES LIMITEDNo3290991871.74%
17ALICE BLUE FIN SVCS P LTDNo1252231670.66%
18AXIS SECURITIES LIMITEDNo4548821392.41%
19FYERS SECURITIES PRIVATE LIMITEDNo359631290.19%
20TRADEBULLS SECURITIES (P) LTD.No654601160.35%
21SMC GLOBAL SECURITIES LTD.No1358631120.72%
22ACTION FINANCIAL SERVICES (INDIA) LIMITEDYes (Expelled)319950.00%
23DHANI STOCKS LIMITEDNo39644950.21%
24MODEX INTERNATIONAL SECURITIES LTD.Yes (Expelled)-89NA
25RELIANCE SECURITIES LIMITEDNo117307800.62%
26ADITYA BIRLA MONEY LIMITEDNo55562750.29%
27SAMCO SECURITIES LIMITEDNo77173740.41%
28RELIGARE BROKING LIMITEDNo132939680.70%
29GEOJIT FINANCIAL SERVICES LIMITEDNo201206671.06%
30CONARD SECURITIES PRIVATE LIMITEDYes (Expelled)-66NA
31SUMPOORNA PORTFOLIO LIMITEDYes (Expelled)-62NA
32VIKSON SECURITIES PRIVATE LIMITEDNo-61NA
33NIRMAL BANG SECURITIES PVT. LTD.No123213610.65%
34PROFITMART SECURITIES PRIVATE LIMITEDNo49790610.26%
35IDBI CAPITAL MARKETS & SECURITIES LTD.No50510610.27%
36ASTHA CREDIT & SECURITIES (P) LTDNo69890530.37%
37BMA WEALTH CREATORS LIMITEDYes (Expelled)-53NA
38VENTURA SECURITIES LTD.No96431510.51%
39ANAND RATHI SHARE AND STOCK BROKERS LIMITEDNo85569470.45%
40FINVASIA SECURITIES PRIVATE LIMITEDNo12018440.06%
41DEALMONEY SECURITIES PRIVATE LIMITEDNo5632430.03%
42GLOBE CAPITAL MARKET LIMITEDNo36913420.20%
43SWASTIKA INVESTMART LIMITEDNo54069370.29%
44SMIFS LIMITEDNo5464370.03%
45GOODWILL WEALTH MANAGEMENT PVT LTDNo37840360.20%
46YES SECURITIES (INDIA) LIMITEDNo18248360.10%
47CHOICE EQUITY BROKING PRIVATE LIMITEDNo67804360.36%
48NAVIA MARKETS LTD.No22257340.12%
49NEXTBILLION TECHNOLOGY PRIVATE LIMITEDNo780570324.13%
50YUVRAJ SECURITIESNo17270.00%
51MASTER CAPITAL SERVICES LIMITEDNo48645260.26%
52REFLECTION INVESTMENTSYes (Expelled)-26NA
53LKP SECURITIES LTD.No29588260.16%
54QUANTUM GLOBAL SECURITIES LIMITEDYes (Expelled)-24NA
55SHRI PARASRAM HOLDINGS PVT. LTD.No30563240.16%
56MONARCH NETWORTH CAPITAL LIMITEDNo54680230.29%
57INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITEDNo39481220.21%
58ASTITVA CAPITAL MARKET PRIVATE LIMITEDNo25210.00%
59ZERODHA SECURITIES PRIVATE LIMITEDNo1210.00%
60SHCIL SERVICES LIMITEDNo45571210.24%
61MOTILAL OSWAL CAPITAL MARKETS PRIVATE LIMITEDNo-20NA
62BONANZA PORTFOLIO LTD.No44287200.23%
63SHRIRAM INSIGHT SHARE BROKERS LIMITEDNo27135190.14%
64VNS FINANCE & CAPITAL SERVICES LTD.No36808190.19%
65PRABHUDAS LILLADHER PVT. LTD.No32551190.17%
66STOCK HOLDING CORPORATION OF INDIA LTDNo-19NA
67ALANKIT IMAGINATIONS LIMITEDNo17437190.09%
68ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITEDNo16616170.09%
69KARMIC STOCK BROKING PRIVATE LIMITEDNo-17NA
70JM FINANCIAL SERVICES LIMITEDNo48998160.26%
71ASHLAR SECURITIES PRIVATE LIMITEDNo8017140.04%
72ACUMEN CAPITAL MARKET (INDIA) LTDNo13821140.07%
73SOUTH ASIAN STOCKS LTD.No17878140.09%
74MAXGROWTH CAPITAL PRIVATE LIMITEDNo318140.00%
75PRUDENT BROKING SERVICES PRIVATE LIMITEDNo19415140.10%
76ECONO BROKING PRIVATE LIMITEDNo22988130.12%
77BALANCE EQUITY BROKING (INDIA) PVT. LTD.No2806130.01%
78BEZEL STOCK BROKERS PRIVATE LIMITEDYes (Expelled)-12NA
79CANARA BANK SECURITIES LIMITEDNo14862110.08%
80BASAN EQUITY BROKING LIMITEDNo1602110.01%
81NARNOLIA FINANCIAL ADVISORS LIMITEDNo13910110.07%
82SKUNG TRADELINK LIMITEDNo839110.00%
83SAFAL CAPITAL (INDIA) LIMITEDNo6955100.04%
84TRUSTLINE SECURITIES LIMITEDNo11735100.06%
85BOB CAPITAL MARKETS LIMITEDNo8379100.04%
86FIRST FUTURES AND STOCKS PRIVATE LIMITEDNo275100.00%
87G S V SECURITIES PVT. LTD.No328100.00%
88BHANSALI VALUE CREATIONS PRIVATE LIMITEDNo1039790.06%
89LSC SECURITIES LIMITEDNo869790.05%
90PANTOMATH STOCK BROKERS PRIVATE LIMITEDNo29390.00%
91NJ INDIA INVEST PRIVATE LIMITEDNo4820090.26%
92HEM FINLEASE PVT. LTD.No1201290.06%
93ABHIPRA CAPITAL LTD.No193280.01%
94ARIHANT CAPITAL MARKETS LIMITEDNo3648980.19%
95FAIRWEALTH SECURITIES LIMITEDYes (Expelled)-8NA
96MEHTA EQUITIES LIMITEDNo510480.03%
97LFS BROKING PRIVATE LIMITEDNo168580.01%
98ISS ENTERPRISE LIMITEDNo1290380.07%
99KSBL SECURITIES LIMITEDYes (Expelled)-8NA
100CENTURY FINVEST PVT. LTD.No112580.01%
101MARWADI SHARES AND FINANCE LIMITEDNo10749370.57%
102ELITE WEALTH ADVISORS LIMITEDNo508070.03%
103RAGHUNANDAN CAPITAL PRIVATE LIMITEDNo301770.02%
104ESCORTS SECURITIES LTD.No237670.01%
105COMFORT SECURITIES LIMITEDNo168970.01%
106SYKES & RAY EQUITIES (I) LTD.No1231270.07%
107R K GLOBAL SHARES & SECURITIES LIMITEDNo813670.04%
108STEEL CITY SECURITIES LTD.No1427270.08%
109KARMA STOCK TRADE LIMITEDNo-6NA
110PAYTM MONEY LTD.No8582760.45%
111PHILLIPCAPITAL (INDIA) PVT. LTDNo1389460.07%
112GEPL CAPITAL PRIVATE LIMITEDNo980260.05%
113SUSHIL FINANCIAL SERVICES PRIVATE LIMITEDNo4017660.21%
114ANGEL SECURITIES LTDNo-6NA
115KOTAK MAHINDRA SECURITIES LTD.No-6NA
116BP EQUITIES PRIVATE LIMITEDNo953660.05%
117SPA SECURITIES LIMITEDNo15260.00%
118AXIS SHARES & SECURITIES PRIVATE LIMITEDNo-6NA
119LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD.No1151660.06%
120ARHAM WEALTH MANAGEMENT PVT LTDNo208260.01%
121JM FINANCIAL SECURITIES PVT.LTD.No-6NA
122INDIAN FINANCE GUARANTY LTD.No35460.00%
123MAVERICK SHARE BROKERS PRIVATE LIMITEDNo711650.04%
124ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD.No2394450.13%
125A . G. SHARES & SECURITIES LTD.No187050.01%
126KRISHA INCAP SERVICES PVT.LTD.No7650.00%
127A C AGARWAL SHARE BROKERS PVT LTDNo583750.03%
128SHREE BAHUBALI STOCK BROKING LTDNo855050.05%
129MANGAL KESHAV FINANCIAL SERVICES LLPNo750350.04%
130VRISE SECURITIES PRIVATE LIMITEDYes (Expelled)-5NA
131FORTUNE CAPITAL SERVICES PRIVATE LIMITEDNo821250.04%
132GROVALUE SECURITIES PVT LTDYes (Expelled)2250.00%
133KIFS TRADE CAPITAL PRIVATE LIMITEDNo2116150.11%
134SHAREKHAN COMTRADE PRIVATE LIMITEDNo677950.04%
135R.K. STOCKHOLDING (P) LTD.No111140.01%
136BERKELEY SECURITIES LIMITEDNo65540.00%
137CONSORTIUM SECURITIES PRIVATE LTD.No399840.02%
138EDELWEISS SECURITIES LIMITEDNo60940.00%
139SURESH RATHI SECURITIES PRIVATE LIMITEDNo3089540.16%
140MAITRA COMMODITIES PVT LTDNo174840.01%
141NNM SECURITIES PVT. LTD.No67940.00%
142EDELWEISS FINANCIAL ADVISORS LIMITEDNo-4NA
143PCS SECURITIES LTD.No1042740.06%
144BNP PARIBAS EQUITIES INDIA PVT. LTD.No-4NA
145VCK SHARE & STOCK BROKING SERVICES LTD.No154540.01%
146CAPITAL WIZARD STOCK BROKING PVT. LTD.No-4NA
147JAINAM SHARE CONSULTANTS PRIVATE LIMITEDNo7019130.37%
148ASHIKA STOCK BROKING LTD.No1552030.08%
149SATCO CAPITAL MARKETS LIMITEDNo289630.02%
150MONEYWISE FINVEST LIMITEDNo1355130.07%
151GOLDMINE STOCKS PRIVATE LIMITEDNo1535530.08%
152DJS STOCK AND SHARES LTD.No5430.00%
153SHARE INDIA SECURITIES LIMITEDNo315330.02%
154DBFS SECURITIES LIMITEDNo745630.04%
155PEERLESS SECURITIES LIMITEDNo324830.02%
156INDIABULLS BROKERAGE LIMITEDNo-3NA
157ZEN SECURITIES LTD.No1563130.08%
158JUST TRADE SECURITIES LIMITEDNo131030.01%
159IL&FS SECURITIES SERVICES LIMITEDNo-3NA
160COMPETENT FINMAN PVT. LTD.No208630.01%
161INTEGRATED MASTER SECURITIES PVT. LTD.No254030.01%
162SYSTEMATIX SHARES & STOCKS (INDIA) LTD.No487930.03%
163SPFL SECURITIES LIMITEDNo568130.03%
164CHOLAMANDALAM SECURITIES LIMITEDNo756830.04%
165EXCLUSIVE SECURITIES LTD.No382530.02%
166INDBANK MERCHANT BANKING SERVICES LTD.No808930.04%
167ADROIT FINANCIAL SERVICES PRIVATE LIMITEDNo1002530.05%
168INDIRA SECURITIES PRIVATE LIMITEDNo855430.05%
169EMKAY GLOBAL FINANCIAL SERVICES LIMITEDNo1321530.07%
170RBC FINANCIAL SERVICES PVT. LTD.No76330.00%
171WAY2WEALTH BROKERS PRIVATE LIMITEDNo2801530.15%
172KANTILAL CHHAGANLAL SECURITIES PRIVATE LIMITEDNo245130.01%
173STANDARD CHARTERED SECURITIES (INDIA) LIMITEDNo624030.03%
174MONEYLICIOUS SECURITIES PRIVATE LIMITEDNo52830.00%
175SKP SECURITIES LTD.No250520.01%
176FORTUNE CAPITAL SERVICESNo120.00%
177SSJ FINANCE & SECURITIES PVT. LTD.No1017220.05%
178PRRSAAR COMMODITIES PRIVATE LIMITEDNo19820.00%
179COMPOSITE SECURITIES LTD.No109120.01%
180SUNFLOWER BROKING PVT. LTD.No362520.02%
181MANDOT SECURITIES PRIVATE LIMITEDNo106320.01%
182IFCI FINANCIAL SERVICES LIMITEDNo617920.03%
183ICICI WEB TRADE LTDNo-2NA
184NINE STAR BROKING PRIVATE LIMITEDNo1059620.06%
185LATIN MANHARLAL SECURITIES PVT. LTD.No1054820.06%
186WEALTH INDIA FINANCIAL SERVICES PVT LTDNo1142920.06%
187LOHIA SECURITIES LTD.No187220.01%
188ADWEALTH STOCK BROKING PRIVATE LIMITEDNo77320.00%
189MANSUKH SECURITIES & FINANCE LIMITEDNo759520.04%
190AUM CAPITAL MARKET PVT LTDNo170120.01%
191SHAH INVESTORS HOME LIMITEDNo3319420.18%
192INVESTERIA FINANCIAL SERVICES PRIVATE LIMITEDNo22720.00%
193CENTRUM BROKING LIMITEDNo256920.01%
194ATS SHARE BROKERS PRIVATE LIMITEDNo109620.01%
195BAJAJ FINANCIAL SECURITIES LIMITEDNo282420.01%
196PACE STOCK BROKING SERVICES PRIVATE LIMITEDNo517920.03%
197SKI CAPITAL SERVICES LTD.No203220.01%
198ACML CAPITAL MARKETS LIMITEDNo2522420.13%
199GREENBUCKS SECURITIES PRIVATE LIMITEDNo51620.00%
200ITI SECURITIES BROKING LIMITEDNo531820.03%
201ANUSH SHARES & SECURITIES PVT.LTD.No118420.01%
202PUNE E STOCK BROKING PRIVATE LIMITEDNo1012520.05%
203BADJATE STOCK AND SHARES PRIVATE LIMITEDNo141820.01%
204KRCHOKSEY SHARES AND SECURITIES PRIVATE LIMITEDNo720020.04%
205FINDOC INVESTMART PVT. LTD.No233020.01%
206KARUNA FINANCIAL SERVICES PVT. LTDNo100120.01%
207ZUARI FINSERV LIMITEDNo439120.02%
208GCL SECURITIES PVT LTDNo456820.02%
209SUNLIGHT BROKING LLPNo409520.02%
210C.D. EQUISEARCH PVT. LTDNo118720.01%
211AASMAA SECURITIES PRIVATE LIMITEDNo118710.01%
212KOTAK MAHINDRA BANK LTD.No-1NA
213WEALTHSTREET ADVISORS P LTDNo426410.02%
214KELLTON SECURITIES PRIVATE LIMITEDNo123910.01%
215KEDIA SHARES & STOCKS BROKERS LIMITEDNo68310.00%
216NKB SECURITIESNo410.00%
217TIRUPATI EQUITIES LTD.No-1NA
218SEEMA SECURITIES PVT.LTD.No-1NA
219HCG STOCK & SHARE BROKERS LTD.No-1NA
220SUNDARAM FINANCE SECURITIES LTDNo-1NA
221GROW-ON PORTFOLIO PRIVATE LTDNo-1NA
222STEWART SECURITIES LTD.No-1NA
223AXIS BANK LTD.No110.00%
224ICICI BANK LTDNo-1NA
225RIKHAV SECURITIES LIMITEDNo686110.04%
226AMBALAL SHARES & STOCKS PRIVATE LIMITEDNo190310.01%
227SIGNATUREGLOBAL SECURITIES PVT LTDNo13310.00%
228SAS BROKING PRIVATE LIMITEDNo-1NA
229PROGNOSIS SECURITIES PRIVATE LIMITEDNo3810.00%
230GARG SECURITIES PVT. LTD.No203210.01%
231CIL SECURITIES LTD.No181610.01%
232COIMBATORE CAPITAL LIMITEDNo604410.03%
233ADITYA AJAY SHARE BROKERS PRIVATE LTD.No-1NA
234VASANTI SHARE BROKERS LIMITEDNo-1NA
235O J FINANCIAL SERVICES LTD.No76710.00%
236DP TRADEKING PVT LTDNo204210.01%
237DYNAMIC EQUITIES PRIVATE LIMITEDNo9610.00%
238FARSIGHT SECURITIES LTD.No160510.01%
239DESTINY SECURITIES LTD.No-1NA
240ISF SECURITIES LTD.No72610.00%
241R WADIWALA SECURITIES PVT. LTD.No895410.05%
242ENRICH FINANCIAL SOLUTION PRIVATE LIMITEDNo224410.01%
243BAJAJ SHARE & STOCK BROKERS PVT. LTDNo2310.00%
244BURGEON SECURITIESNo-1NA
245MULTIPLEX CAPITAL LTD.No200810.01%
246PROGRESSIVE SHARE BROKERS PRIVATE LIMITEDNo541010.03%
247SHILPA STOCK BROKER PRIVATE LIMITEDNo231810.01%
248CAPSTOCKS & SECURITIES (INDIA) PRIVATE LIMITEDNo631910.03%
249NIRMAL BANG EQUITIES PRIVATE LIMITEDNo10510.00%
250ANUPAM STOCK BROKING PVT. LTD.No-1NA
251FAIR INTERMEDIATE INVESTMENTS PVT. LTD.No174310.01%
252PATERSON SECURITIES PRIVATE LIMITEDNo148310.01%
253A. S. STOCK BROKING AND MANAGEMENT PVT LTD.No4610.00%
254VACHANA INVESTMENTS PRIVATE LIMITEDNo46610.00%
255PATEL WEALTH ADVISORS PVT LTDNo665410.04%
256ACEMONEY INTERMEDIARIES PRIVATE LIMITEDNo51410.00%
257PRABHAT FINANCIAL SERVICES LTD.No330810.02%
258ARTHA VRDDHI SECURITIES LIMITEDNo76610.00%
259STAMPEDE CAPITAL LIMITEDNo17510.00%
260PRAVIN RATILAL SHARE AND STOCK BROKERS LTDNo1311110.07%
261CROWN CONSULTANTS (P) LIMITEDNo34910.00%
262MOTISONS SHARES PRIVATE LIMITEDNo187410.01%
263AIRAN FINSTOCKS PRIVATE LIMITEDNo618810.03%
264JK SECURITIES PVT. LTD.No893110.05%
265ABIRA SECURITIES LIMITEDNo80410.00%
266MITTAL SECURITIES PVT LTDNo6110.00%
267JHAVERI SECURITIES LIMITEDNo4099210.22%
268MNM STOCK BROKING PVT LTDNo63710.00%
269SARAVANA STOCKS PRIVATE LIMITEDNo65110.00%
270JKB FINANCIAL SERVICES LIMITEDNo420510.02%
271PUMARTH CREDIT & CAPITAL LTD.No14410.00%
272WELLWORTH SHARE & STOCK BROKING LIMITEDNo559610.03%
273PATEL STOCK BROKERS LIMITEDNo-1NA
274ASHOK LEYLAND INVESTMENT SERVICES LTDNo-1NA
275SARA SECURITIES PVT. LTD.No25310.00%
276SUNIDHI SECURITIES & FINANCE LIMITEDNo721310.04%
277LIBORD BROKERAGE PVT. LTD.No5410.00%
278ITI SECURITIES LIMITEDNo-1NA
279COCHIN STOCK BROKERS LTD.No356910.02%
280VAG HOLDINGS PVT. LTD.No-1NA
281JYOTI PORTFOLIO PRIVATE LIMITEDNo253910.01%
282RUDRA SHARES & STOCK BROKERS LIMITEDNo883610.05%
283KEDIA CAPITAL SERVICES PRIVATE LIMITEDNo213110.01%
284K K SECURITIES LTD.No216210.01%
285TRADEJINI FINANCIAL SERVICES PVT LTDNo719010.04%
286BANHEM SECURITIES PVT LTDNo210.00%
287ITC BHADRACHALAM SECURITIES LTD.No-1NA
288MEMG SECURITIES LTD.No-1NA
289INVENTURE GROWTH & SECURITIES LIMITEDNo1019110.05%
290SUNSHINE FINSEC & MERCANTILE LTD.No42010.00%
291VERTEX SECURITIES LTD.No413810.02%
292TATA SECURITIES LIMITEDNo-1NA
293ITI FINANCIAL SERVICES LTD.No-1NA
294MAASHITLA SECURITIES PRIVATE LIMITEDNo9110.00%
295SUNNESS CAPITAL INDIA PVT LTDNo163510.01%
296KOTAK MAHINDRA CAPITAL COMPANY LIMITEDNo-1NA
297UNLOCK WEALTH SECURITIES LIMITEDNo121810.01%
298J M GLOBAL EQUITIES PRIVATE LIMITEDNo110.00%
299ALMONDZ GLOBAL SECURITIES LTD.No202910.01%
300WELLINDIA SECURITIES LIMITEDYes (Expelled)-1NA
301B N RATHI SECURITIES LIMITEDNo876310.05%
302NIRMAN SHARE BROKERS PRIVATE LIMITEDNo127710.01%
303PRAGYA SECURITIES PRIVATE LIMITEDNo547310.03%
304HDFC BANK LTD.No-1NA
305KHANDWALA SECURITIES LTD.No86210.00%
306KAYNET FINANCE LIMITEDYes (Expelled)-1NA
307RTG SHARE BROKING LIMITEDNo-1NA
308RAJSONS SECURITIES LTD.No3810.00%
309ACHINTYA SECURITIES PRIVATE LIMITEDNo68310.00%
310ARHAM SHARE CONSULTANTS PRIVATE LIMITEDNo840710.04%
311TRANSWORLD SECURITIES LTD.No-1NA
312AJCON GLOBAL SERVICES LIMITEDNo299410.02%
313ANAND RATHI FINANCIAL SERVICES LIMITEDNo-1NA
314RELIGARE SHARE BROKERS LIMITEDNo-1NA

Note: From the above table, you can note that Zerodha is the largest stockbroker based on the total number of active clients on NSE, followed by RKSV Securities (Upstox), ICICI Securities, Angel Broking, and HDFC Securities. The other top brokers in this list are 5Paisa, Groww, Kotak Securities, Sharekhan, Motilal Oswal, Axis Securities, and SBI Cap securities. The top 10 brokers in this list make 71.36% market share as per the total number of active clients on NSE.

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Closing Thoughts

In this post, we looked into the list of SEBI Registered Stockbrokers in India 2021. Although discount brokers like Zerodha and Upstox are currently leading the table, however, other traditional brokers houses like ICICI Securities, HDFC Securities, Sharekhan, etc are also catching up by entering into the discount business model. They used to lead the broking industry in terms of market share before the entry of discount brokers. However, a lot has changed in the last decade since discount brokers started growing rapidly.

Moreover, from the above table, we can also notice that some of the big brokers (like Karvy) have also been expelled for carrying out the broking business.

That’s all for this post on the complete list of SEBI Registered Stockbrokers in India. Do comment below which stockbroker you use in the comment section below. Have a great day and Happy investing!