{
  "id": 18953976,
  "title": "Angel One becomes India's second-largest broker by active clients",
  "url": "https://urgent.news/2026/11/08/angel-one-becomes-indias-second-largest-broker-by-active-clients",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-08T13:06:32.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/11/angel-one-becomes-indias-second-largest-broker-by-active-clients"
  },
  "original_language": "en",
  "account": "Angel One, a prominent financial services company based in India, has emerged as the nation's second-largest stockbroker by active clients, boasting a substantial client base of 69.98 lakh investors on the National Stock Exchange as of October's end. This milestone places the brokerage at 14.97% of the 4.67 crore active clients across all brokers on the exchange. In October, Angel One added 2.43 lakh net active clients, bringing its overall client base to 4.06 crore, a 17.4% increase year-on-year.\n\nThe firm surpassed the 4-crore mark during the July-September quarter by adding nearly 15 lakh clients. October also witnessed a surge in trading activity, with average daily orders rising by 19.6% month-on-month to 69.7 lakh. Gross client additions stood at a record high of 6.6 lakh during the month. Benguru-based Groww maintained its top position with 1.37 crore active clients, adding the most clients at 3.04 lakh, and accounting for 29.43% of the market share.\n\nZerodha, another leading brokerage, dropped to the third position with 67.59 lakh active clients for October, a 32,435 decrease from September's 67.91 lakh. This decline resulted in Zerodha's market share shrinking to 14.46%. Despite the setback, Angel One's financial performance improved alongside its client growth. The company's consolidated revenue from operations rose 18.7% year-on-year to Rs 1,427 crore, and net profit increased by 58.2% to Rs 335 crore. Angel One's wealth management assets under management amounted to Rs 16,000 crore at the quarter's end, reflecting a 19.1% sequential growth.",
  "summary": "The active client base of Angel One for October was 69.98 lakh which was an addition of 2.43 lakh for the month. Zerodha now is in the third spot.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}