India - Stock Brokers

Angel One (company) #

Angel One Limited (formerly known as Angel Broking Limited)

Trade nameAngel One
Traded asBSE: 543235, NSE: ANGELONE, ISIN INE732I01013
IndustryFinancial services
Founded8 August 1996; 25 years ago
FounderDinesh D. Thakkar
HeadquartersAckruti Trade Center, Andheri (E), Mumbai, Maharashtra, India
Area servedIndia
ServicesStockbroker, Equity trading, Commodities, Portfolio management services, Mutual funds, Life insurance, Health insurance, IPO, Depository services, Investment advisory
  • Angel One Limited is an Indian stock broker.
  • The company is a member of the Bombay Stock Exchange, National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited.
  • It is a depository participant with Central Depository Services Limited (CDSL).
  • Subsidiaries
    • Angel Financial Advisors Pvt. Ltd.
    • Angel Fincap Pvt. Ltd.
    • Angel Securities Ltd.
    • Angel Wellness Pvt. Ltd.
    • Mimansa Software Systems Pvt. Ltd.
  • Product & Services
    • Online stock broker , depository services, commodity trading and investment advisory services.
    • Personal loans and insurance
    • Portfolio management services, IPOs business and mutual funds.

Axis Direct #

Axis Direct

IndustryStockbroker, Financial services
HeadquartersMumbai, Maharashtra, India
ProductsEquity, Derivatives, Commodities, Mutual Fund, SIP, ETFs, Tax Savings, Fixed Income, IPO
ParentAxis Bank
  • Axis Direct is the online brand of Axis Securities,a wholly owned subsidiary of Axis Bank.

  • Products and services

  • Axis Direct provides a 3-in-1 Online Investment Account which is a combination of Axis Bank Savings along with an Axis Direct trading and Demat account services:

    • Equities – Invest online in stocks of listed companies
    • Equity smallcases - Invest in a curated basket of stocks based on a theme or market trend.
    • IPOs - Invest in initial public offerings (IPO)
    • Derivatives – Hedge or speculate on the price movement of stocks or index through its derivative products viz. Futures and Options
    • Mutual Funds – Invest in mutual funds including equity, hybrid, tax saving or debt schemes from asset management companies
    • SIPs – Systematic investment plan that allows automated investments
    • Bonds, NCDs & Corporate FDs – Invest in fixed income instruments such as bonds, NCDs and Corporate FDs
    • ETFs - Invest in exchange-traded funds
    • MCX - Invest in bullion, metals, energy and agricultural commodities
    • NCDEX - Benefit from the bank’s membership in NCDEX to invest in agriculture and non-agriculture commodities business, especially from semi-urban and rural India
    • “YIELD” - an online platform to buy and sell bonds and debentures in the secondary market.
    • Value Added Services - Provides investing and trading ideas, along with financial tools and calculators, tax solutions, will planning and robot advisors.
    • Support trading with a Mobile App.

Edelweiss Broking Limited #

Edelweiss Broking Ltd.

FounderRashesh Shah
HeadquartersMumbai, India
ParentEdelweiss Group
  • Edelweiss Broking Limited is a subsidiary of Edelweiss Group.

  • The company is registered with National Stock Exchange of India, Bombay Stock Exchange and MCX Stock Exchange.

    • The company identification number (CIN) is U65100GJ2008PLC077462.
    • On 12 December 2012 the company was listed under National stock Exchange with registration number INE231311631.
    • It was listed in MCX Stock Exchange Limited with a registration number INE261311634.
    • It acts as a mutual fund distributor and has AMFI Registration Number - 70892.
  • Edelweiss Broking limited was publicly incorporated on 7 February 2008 after Edelweiss Group had received final regulatory approval from the Securities and Exchange Board of India (SEBI) to start its mutual fund business by 2008.

  • The Stockbroker acquired retail broker Anagram Capital Limited in Jan 2010.

FundsIndia #


HeadquartersUttam Building, Third Floor, No. 38 & 39, Whites Road, Royapettah, Chennai
OwnerWealth India Financial Services
FounderC.R. Chandrasekar and Srikanth Meenakshi, alumnus of the University of Hyderabad
ProductsMutual funds, SIP, stocks, equities, corporate deposits, bonds, IPOs, and NCDs
ServicesAdvisory services, different types of SIPs, ready-to-go portfolios, Robo-advisory services (Money Mitr), trigger-based investing, Portfolio X-Ray, Value-averaging Investment Plans (VIPs), e-insurance repository, and other financial services

FundsIndia was initially created just for mutual funds but later introduced other investment products like stocks, corporate fixed deposits, bonds, and more.

Geojit Financial Services #

Geojit Financial Services Ltd.

Traded asBSE: 532285, NSE: GEOJITFSL
IndustryFinancial services
HeadquartersKochi, Kerala, India
ProductsInvestment Management Solutions
  • Geojit operates a network of offices across India and the Middle East.

  • The product offerings of the company include equities and derivatives to mutual funds, life and general insurance, commodities derivatives and portfolio management services.

  • Through joint ventures and associates, the company has expanded its presence globally with offices in Dubai, Abu Dhabi, Sharjah, Al Ain, Muscat, Riyadh, Dammam, Bahrain and Kuwait.

  • Geojit is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

  • The network of Geojit covers more than 300 cities in states in India such as Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Haryana, Jammu and Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, New Delhi, Orissa, Punjab, Rajasthan, Tamil Nadu & Pondicherry, Telangana, Uttar Pradesh, Uttaranchal and West Bengal.

  • The company has B2B partnerships with a number banks such as Axis Bank (the partnership received IBA recognition 2007 & 2008), Federal Bank, Andhra Bank, Oriental Bank of Commerce, SVC Bank (Shamrao Vithal Co-operative Bank), Corporation Bank, South Indian Bank and IndusInd Bank.

Groww #


HeadquartersBangalore, Karnataka, India
OwnerNextbillion Technology
IndustryFinancial technology
ServicesInvestment platform
LaunchedApril 2016
  • Groww is an online investment platform that allows investors to invest in mutual funds and stocks.
  • Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh (former employees of Flipkart) started Groww in 2016 primarily as a mutual fund investment platform.
  • In 2020, the company forayed into stockbroking service.
  • The platform now offers direct investments in mutual funds, stocks, initial public offerings, digital gold, and exchange-traded funds.
  • Groww acquired mutual fund business of Indiabulls to enter Asset management Business (AMC).

HDFC securities #

HDFC securities

IndustryFinancial services, Stockbrokerage, Mutual funds, Capital markets
HeadquartersMumbai, Maharashtra, India
Area servedWorldwide
ParentHDFC Bank
  • HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank, a private sector bank in India.

  • HDFC Securities is the stock broking arm of India’s HDFC Bank, and began operations in April 2000.

    • It began as a joint venture between HDFC Bank Limited, HDFC Limited and Indocean eSecurities Holdings Limited.
  • It is a corporate member of both the Bombay Stock Exchange (BSE) and the National Stock exchange (NSE).

  • In 2019, it entered into a partnership with Stockal, a US-based financial platform and launched, which allows its customers to directly invest in Nasdaq listed US stocks.

  • Products and services

    • Equities – Investment in stocks of listed companies
    • smallcases - Investment in a curated basket of stocks based on a theme or market trend.
    • Derivatives – Hedge or speculate on the price movement of stocks or index through its derivative products viz. Futures and Options
    • Mutual Funds – Investment in mutual funds including equity, hybrid, tax saving or debt schemes from asset management companies
    • SIPs – Systematic investment plan that allows automated investments
    • IPOs - Investment in initial public offerings (IPO)
    • Bonds, NCDs & Corporate FDs – Investment in fixed income instruments such as bonds, NCDs and Corporate FDs
    • ETFs - Investment in exchange-traded funds
    • MCX - Investment in bullion, metals, energy and agricultural commodities
    • Value Added Services - Provides investing and trading ideas, along with financial tools and calculators, tax solutions, will planning and robot advisors.

Karvy Corporate #


HeadquartersHyderabad, Telangana, India
Area servedWorldwide
  • Karvy is involved in financial services like equity, commodities trading, depository and wealth management services and distribution of other financial products.
  • Karvy Group provides financial services like finance, insurance, broking, investment banking, loans for individuals and businesses.
  • It has branch offices outside India in Bahrain, Dubai, Malaysia, Philippines and the United States.
  • In the mid-1990s, Karvy forayed into stockbroking and advisory businesses.
  • In the early 2000s, Karvy Corporate ventured into commodity trading.
  • Karvy corporate is also in the business of Forex trading.
  • Its ecommerce business on to enable small and medium enterprises to go online for selling their products in various eCommerce platforms.

Zerodha #


FoundedAugust 15, 2010; 11 years ago
HeadquartersBangalore, Karnataka, India
Founder(s)Nithin Kamath, Nikhil Kamath
ServicesEquity trading, Derivatives trading, Currency trading, Commodity trading, Mutual funds, Bonds, Government bond
SubsidiariesZerodha Commodities Pvt. Ltd.
  • Zerodha Broking Limited offers retail brokerage, currencies and commodities trading, mutual funds, and bonds.
  • Services
    • Delivery trades in equity are free of cost; however, for intraday trades of any size, a flat fee of ₹20 or 0. 03% (whichever is lower) per executed order is charged across all segments (i. e. , across NSE, BSE, MCX, NCDEX and currency).
    • A separate but wholly-owned entity, Zerodha Commodities, facilitates commodity trading for registered customers.
    • Zerodha backs Rainmatter, an early-stage venture fund, which typically invests in technology-focused product companies. Some notable investments include Smallcase and ERPNext.

Sharekhan #

Sharekhan Ltd

FoundedFebruary 2000
HeadquartersMumbai, India
Founder(s)Shripal Morakhia
IndustryFinancial services
ParentBNP Paribas
  • Sharekhan offers a broad range of financial products and services including securities brokerage, mutual fund distribution, loan against shares, ESOP financing, IPO financing and wealth management.

  • Sharekhan is a fully owned subsidiary of BNP Paribas.

Religare #

Religare Enterprises Limited (REL)

Traded asNSE: RELIGARE, BSE: 532915
IndustryFinancial services
FoundersMalvinder Mohan Singh Shivinder Mohan Singh
HeadquartersNew Delhi, India
ServicesSME finance, NBFC, Retail Broking, Health Insurance
  • Subsidiaries

    • Religare Finvest Ltd
    • Religare Broking Ltd
    • Care Health Insurance
    • Religare Housing Development Corporation Finance Ltd (RHDFCL)
  • Services: loans to Small and Medium Enterprises (SME)’s, affordable housing finance, as well as retail broking and health insurance.

  • REL is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India.

  • Religare Health Insurance Company Limited (RHIC) started operations in 2012.

    • Union Bank of India and Corporation Bank tie up with Religare Health Insurance.

Reliance Securities #

Reliance Securities Limited

Founded17 June 2005
HeadquartersReliance Centre, Santa Cruz (East), Mumbai, India
Area servedIndia
ProductsEquity Broking
  • Reliance Securities Limited is a broking arm of Reliance Capital.
  • It is a corporate member of both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), and provides access to equities, derivatives, IPO’s, mutual funds, bonds and corporate FDs.

Motilal Oswal Financial Services #

Motilal Oswal Financial Services Limited

Traded asBSE: 532892, NSE: MOTILALOFS, ISIN INE338I01027
Founded1987; 35 years ago
FounderMotilal Oswal, Raamdeo Agrawal
HeadquartersMotilal Oswal Tower, Prabhadevi, Mumbai, Maharashtra
ServicesBroking, Mutual Funds, Wealth management
  • Subsidiaries

    • Motilal Oswal Securities Ltd
    • Motilal Oswal Investment Services
    • Motilal Oswal Investment Advisors Pvt Ltd
    • Motilal Oswal Private Equity Advisors Pvt Ltd
    • Motilal Oswal Asset Management Co. Ltd
    • Aspire Home Finance Corporation Ltd.
  • The company is listed on BSE and NSE stock exchanges.

  • Motilal Oswal Financial Services Ltd (MOFSL) was set up as a broking house in 1987.

  • The company entered into investment banking in 2005, followed by private equity fund in 2006.

  • On February 2006, Motilal Oswal Financial Services Ltd. acquired Peninsular Capital Markets, a Cochin, Kerala based broking company for Rs. 35 crore.

    • The company tied up with State Bank of India in 2006, Punjab National Bank in 2007 and Axis Bank in 2013 to offer online trading to its customers.
  • On January 2010, Motilal Oswal Financial Services Ltd. set up Mutual fund business named as Motilal Oswal Asset Management Company (MOAMC).

  • On 2013, Motilal Oswal Financial Services Ltd. laid foundation of Aspire Home Finance Corporation Limited (AHFCL).

    • The company offers loans for home, construction, composite, improvement, and extension in India. #


IndustryPersonal Finance, Financial Services
FounderGaurav Rastogi, Neelabh Sanyal
HeadquartersBangalore, India
ServicesDirect Mutual Funds, Tax Harvesting, Smart Trading, Family Account
ParentArevuk Advisory Services Pvt. Ltd.
  • is an Indian online wealth management platform for mutual funds, digital gold, fixed deposits, cryptocurrency exchange & US ETF investment.

  • It also gives loan backed by one’s portfolio.

  • It offers investment in direct mutual funds without any fees or commissions.

  • Kuvera’s parent company, Arevuk Advisory Services Pvt. Ltd. registered as investment advisor (RIA) with SEBI (registration no INA200005166) on 19 July 2016

  • The company also launched a group health insurance cover for its users underwritten by Bharti AXA that covers medical expenses.

Kotak Mahindra Bank #

Kotak Mahindra Bank

Traded asBSE: 500247, NSE: KOTAKBANK, BSE SENSEX Constituent, NSE NIFTY 50 Constituent, ISIN INE237A01028
IndustryFinancial services
FoundedFebruary 2003; 18 years ago
FoundersUday Kotak
HeadquartersMumbai, India
ProductsBanking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management, asset management
  • Kotak Mahindra Bank Limited is an Indian banking and financial services company.

  • It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management.

  • Major subsidiaries of the Bank include

    • Airtel Payments Bank
    • Kotak Mahindra Prime Ltd.
    • Kotak Mahindra Investments
    • Kotak Securities
    • Kotak Mutual Fund
    • Kotak Mahindra Capital
    • Kotak Mahindra Life Insurance
    • Kotak Mahindra General Insurance
    • Kotak AMC
    • Kotak Investment Advisors
    • kotak capital Company
    • Corporate social responsibility