India’s active stock-market traders
4,55,93,194 ≈ 4.56 Cr
-1.72 L vs Apr ’26ATH 5.02 Cr in Jan ’25NSE active clients · as of May 2026142 brokers listed
Active traders on NSE, 2014 → today
Exchange-wide total of active client codes across all stockbrokers
Solid line: monthly archived data. Dashed markers: fiscal-year-end anchors from NSE's retained files.
Broker leaderboard
Active clients by trading member
| # | Broker | Active clients | 1M change | Rank Δ | Share |
|---|---|---|---|---|---|
| loading… | |||||
Market share — top brokers
Share of all active clients, monthly
Concentration
How concentrated is broking?
Active traders in India — May 2026
NSE reports 4,55,93,194 active clients across all stockbrokers as of May 2026. The largest brokers by active clients:
- Groww — 1,30,59,756 active clients
- Zerodha — 68,47,049 active clients
- Angel One — 66,84,223 active clients
- ICICI Securities — 21,05,295 active clients
- Upstox — 19,23,729 active clients
- Kotak Securities — 13,80,379 active clients
- HDFC Securities — 13,61,209 active clients
- SBI Securities — 11,40,808 active clients
- Dhan — 10,61,986 active clients
- Motilal Oswal — 8,93,172 active clients