Company lists · Data refreshed September 2026

Top 25 Stock brokerages based in India

Name: Stock brokerages based in India
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 22, 2026 1,365 companies tracked

RevenueBase identified 1,365 stock brokerages headquartered in India as of September 2026 and tracks 125,937 professional contacts across them, including 10,698 with verified work emails. Mumbai is the largest hub.

This list covers stock brokerages headquartered in India, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 22, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 22, 2026 86% judged on-target in blind review

1,365Companies

125,937Contacts tracked

10,698Verified emails

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The 25 largest stock brokerages based in India

Ranked by team size

Top 25 of 1,365 stock brokerages based in India, ranked by team size, largest first. Data refreshed Sep 22, 2026. RevenueBase Smart Search rates how each company's information relates to stock brokerages: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#	Company	RevenueBase Smart Search	Headquarters	Employees	Contacts
1	Motilal Oswal Financial Services LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	10001+	13,208 contacts →
	Indirect evidence “Motilal Oswal Financial Services Ltd.(MOFSL) was founded in 1987 as a small sub-broking unit, with just 2 people running the show.” Source: RevenueBase Database · checked Sep 22, 2026
2	Angel ONE	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	1,001-5,000	8,280 contacts →
	Indirect evidence “For nearly three decades, Angel One has been making investing and wealth creation more accessible and engaging for Indians.” Source: RevenueBase Database · checked Sep 22, 2026
3	Icici Securities	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	1,001-5,000	7,289 contacts →
	Indirect evidence “With over seven decades of ICICI Group’s legacy of trust and financial expertise, ICICI Securities stands as a leading, customer-centric and technology-driven financial services…” Source: RevenueBase Database · checked Sep 22, 2026
4	Kotak Securities	Partial evidence	Mumbai, IndiaHQ checked Sep 22, 2026	1,001-5,000	6,610 contacts →
	Partial evidence “Kotak Securities is one of the oldest and trusted equity brokerages in India, established in 1994.” Source: RevenueBase Database · checked Sep 22, 2026
5	Mirae Asset Sharekhan	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	1,001-5,000	5,438 contacts →
	Indirect evidence “Founded in 1995, Mirae Asset Sharekhan was one of the first brokers to introduce online trading in India.” Source: RevenueBase Database · checked Sep 22, 2026
6	SBI Securities	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	10001+	4,970 contacts →
	Indirect evidence “As a proud extension of the esteemed SBI legacy, SBI Securities offers a comprehensive suite of investment products and services designed to meet diverse financial objectives.” Source: RevenueBase Database · checked Sep 22, 2026
7	Hdfc Securities	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	1,001-5,000	4,380 contacts →
	Indirect evidence “HDFC securities has been serving a diverse customer base of retail and institutional investors, since Headquartered in Mumbai, it offers an exhaustive product suite to help its…” Source: RevenueBase Database · checked Sep 22, 2026
8	Zerodha	Partial evidence	Bangalore, IndiaHQ checked Sep 22, 2026	501-1,000	2,273 contacts →
	Partial evidence “Zerodha is an Indian financial services company (member of NSE, BSE, MCX) that offers brokerage-free equity investments, retail, institutional broking, currencies, and commodities…” Source: RevenueBase Database · checked Sep 22, 2026
9	SMC Group	Partial evidence	New Delhi, IndiaHQ checked Sep 22, 2026	1,001-5,000	2,161 contacts →
	Partial evidence “Established In 1990, SMC is a well-diversified financial services company in India offering services across brokerage (across the asset classes of equities (cash and derivatives)…” Source: RevenueBase Database · checked Sep 22, 2026
10	Geojit	Indirect evidence	Padivattom, IndiaHQ checked Sep 22, 2026	5,001-10,000	2,091 contacts →
	Indirect evidence “Geojit is one of India’s leading investment services companies, with a strong presence in the Gulf Cooperation Council (GCC) countries.” Source: RevenueBase Database · checked Sep 22, 2026
11	Ventura	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	1,001-5,000	2,047 contacts →
	Indirect evidence “Ventura is an omnichannel trading and investments platform with a network of branches, sub-brokers and Digital Channels.” Source: RevenueBase Database · checked Sep 22, 2026
12	Iifl Capital Services Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	1,001-5,000	1,878 contacts →
	Indirect evidence “IIFL Capital is a full-service financial institution, integrating Wealth Management, Investment Banking, and Institutional Equities on a research-driven platform.” Source: RevenueBase Database · checked Sep 22, 2026
13	Religare Broking LTD	Indirect evidence	Noida, IndiaHQ checked Sep 22, 2026	1,001-5,000	1,840 contacts →
	Indirect evidence “Religare Broking Limited (RBL), a wholly owned subsidiary of Religare Enterprises Limited (REL), is India’s leading full-service broking house.” Source: RevenueBase Database · checked Sep 22, 2026
14	DHANI	Partial evidence	Mumbai, IndiaHQ checked Sep 22, 2026	10001+	1,762 contacts →
	Partial evidence “Dhani Stocks Limited is one of India’s leading capital market companies providing securities and derivative broking services.” Source: RevenueBase Database · checked Sep 22, 2026
15	Nirmal Bang	Partial evidence	Mumbai, IndiaHQ checked Sep 22, 2026	1,001-5,000	1,728 contacts →
	Partial evidence “Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including…” Source: RevenueBase Database · checked Sep 22, 2026
16	Upstox	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	501-1,000	1,614 contacts →
	Indirect evidence “Upstox is an online trading app for Demat Account, Share Market, MF, IPO with 1cr+ customers.” Source: RevenueBase Database · checked Sep 22, 2026
17	Swastika Investmart Limited	Indirect evidence	Indore, IndiaHQ checked Sep 22, 2026	501-1,000	1,450 contacts →
	Indirect evidence “Swastika Investmart Limited, SEBI Reg.” Source: RevenueBase Database · checked Sep 22, 2026
18	Choice	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	5,001-10,000	1,282 contacts →
	Indirect evidence “Choice Equity Broking Private Limited: SEBI Reg No.” Source: RevenueBase Database · checked Sep 22, 2026
19	Tradebulls Securities P Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	1,001-5,000	1,256 contacts →
	Indirect evidence “Tradebulls Securities (P) Limited is one of the fastest growing broking houses in India serving 2L+ clients through business partners and employees.” Source: RevenueBase Database · checked Sep 22, 2026
20	Arihant Capital Markets LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	201-500	974 contacts →
	Indirect evidence “Arihant Capital Markets Limited is a public limited company incorporated in 1992, with a mission to make every Indian financially independent by offering suitable investment…” Source: RevenueBase Database · checked Sep 22, 2026
21	YES Securities	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	501-1,000	916 contacts →
	Indirect evidence “Combining our vast knowledge, experience and intuitive understanding of the markets to help our customers make WiZe investment choices!” Source: RevenueBase Database · checked Sep 22, 2026
22	Mastertrust	Indirect evidence	New Delhi, IndiaHQ checked Sep 22, 2026	501-1,000	831 contacts →
	Indirect evidence “mastertrust Group is one of the leading financial services company in India.” Source: RevenueBase Database · checked Sep 22, 2026
23	Emkay Global Financial Services LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	501-1,000	816 contacts →
	Indirect evidence “Connect and Converse with likeminded people, Contribute and share your thoughts.” Source: RevenueBase Database · checked Sep 22, 2026
24	PL Capital Group Prabhudas Lilladher	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	501-1,000	812 contacts →
	Indirect evidence “PL Capital: Powering India's Financial Growth Since 1944 PL Capital Group - Prabhudas Lilladher is one of India's most trusted financial services providers and has been recognised…” Source: RevenueBase Database · checked Sep 22, 2026
25	5paisa	Indirect evidence	Mumbai, IndiaHQ checked Sep 22, 2026	501-1,000	799 contacts →
	Indirect evidence “5paisa is a tech-first discount broker built by traders, for traders, offering a seamless investing & trading experience.” Source: RevenueBase Database · checked Sep 22, 2026

RevenueBase Smart Search

RevenueBase Smart Search assesses information from a company’s LinkedIn profile, information supplied directly by the company, its website, and other publicly available sources. It uses that information to rate how closely the company relates to this list’s category: stock brokerages. Every row carries its rating and the description the rating was read from, so each one can be checked rather than taken on trust.

Strong evidence: The company's own public description of its business names stock brokerages.
Partial evidence: Its own public description names part of stock brokerages, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name stock brokerages. The match rests on the rest of the company's public profile rather than the one sentence quoted here, so this is the rating to check first.

RevenueBase Smart Search is how these lists are built: RevenueBase's data engine and AI assemble the companies that match a category defined in a user's own words, so a list can be about what companies actually do rather than about whichever industry code they were filed under.

Showing 25 of 1,365 stock brokerages based in India

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Stock brokerages based in India at a glance

As of Sep 22, 2026

8.5%Verified-email coverage

92.3Average contacts per company

11-50Median size (employees)

16.8%Largest-city concentration · Mumbai

Sep 22, 2026Page data refreshed

Companies by employee count

1-10

498

11-50

427

51-200

234

201-500

119

501-1,000

1,001-5,000

5,001-10,000

10001+

Email recency for this list is measured worldwide rather than for India, so it is reported there. Company counts and contact totals on this page are exact for India, over 1,365 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among stock brokerages, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source: The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies: Companies headquartered in India whose own description of what they do matches “stock brokerages”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search: RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names stock brokerages), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude: Companies whose own description does not clearly place them among stock brokerages, and records with no verified work email. Companies headquartered outside India are excluded even when they keep an office there.
Match quality: In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking: Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification: Every listed company carries at least one verified work email, 10,698 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh: This page's figures were pulled from the company graph on September 22, 2026. Lists refresh periodically as the graph is re-checked.
Corrections: Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Stock brokerages by metro

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names stock brokerages, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many stock brokerages are there based in India?

RevenueBase identified 1,365 stock brokerages headquartered in India as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

Motilal Oswal Financial Services LTD, headquartered in Mumbai, tops this list with the largest team on record.

Which city has the most stock brokerages?

Mumbai leads with 229 headquartered companies, followed by New Delhi (101) and Kolkata (74).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 10,698 verified decision-maker contacts tracked across these 1,365 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 22, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.