Angel One Becomes India’s Second Largest Stockbroker Surpassing Zerodha

Angel One has officially surpassed Zerodha to become the second-largest stockbroker in India, currently commanding a market share of nearly 15%. This shift in the brokerage landscape follows the company's performance throughout October, during which it added 2.43 lakh new active clients to its platform. As a result of these additions, the total active client base for the firm has now reached 69.99 lakh.

An active client is defined as a user who has executed at least one trade on the stock exchange within the preceding twelve months. This metric is frequently used by industry analysts to gauge the actual participation level of retail investors on a trading platform. The data highlights a significant change in the competitive rankings within the domestic financial services sector.

The growth in the client base reflects the current pace of account acquisition for the firm. By reaching 69.99 lakh active users, the company has solidified its position in the rankings, moving ahead of its major competitor. This development is based on the reported figures for the month of October and the cumulative total of active accounts maintained by the brokerage house.

What it means for investors: The shift in market share highlights how competition among top brokerage firms is intensifying. Investors often monitor these client acquisition trends to understand how different platforms are capturing retail participation in the broader Indian equity markets.