Angel One Dethrones Zerodha As India's Second-Largest Broker In October

6 Nov 2026, 5:04 pm · 2h ago · 1 min read · Inc42New

India's active stockbroking user base contracted 0.5% month-on-month to 4.59 crore in October. Market leader Groww expanded its dominance, adding 3.04 lakh users to reach 1.38 crore active clients and commanding a 30% market share. In a major shift among top Indian brokerages, Angel One surpassed Zerodha to claim the second position. Angel One added approximately 2.4 lakh active users to reach 69.99 lakh clients with a 15.3% market share. Meanwhile, Zerodha's active user count dropped by over 32,000 clients, closing the month in third place with 67.59 lakh active users.