Angel One overtakes Zerodha to become India’s second-largest stockbroker, commands nearly 15% market share

Angel One has surpassed Zerodha to become India’s second-largest stockbroker, commanding nearly 15% market share, according to National Stock Exchange (NSE) data. In October 2026, Angel One added 2.43 lakh active clients, bringing its total to 69.99 lakh, while Zerodha saw a decline of approximately 33,000 active clients, bringing its base down to 67.59 lakh.

The change in ranking marks a shift in the top position of India’s leading stockbrokers, with Groww retaining its position as the largest platform with nearly 30% market share, adding 3.04 lakh active clients during the month.

Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.