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Groww adds over 3.5 lakh stock market users in January

EntrackrEntrackr · 8d ago
Groww adds over 3.5 lakh stock market users in January
Medial

Groww adds over 3.5 lakh stock market users in January Groww added over 3.5 lakh active demat accounts in January, took its total client base to about 1.24 crore (12.48 million), and its market share rose to 27.66%. India’s retail broking industry saw marginal growth in active users in January, with over 3 lakh new clients added, to reach 4.51 crore, compared with 4.48 crore in December 2025. Groww continued to dominate the market, added more clients than the rest of the industry combined, while ICICI Securities moved to the fourth position surpassing Upstox. According to NSE data, Groww added over 3.5 lakh active demat accounts in January, took its total client base to about 1.24 crore (12.48 million), and its market share rose to 27.66%. As of 1:07 PM today, Groww’s share price is trading at around Rs 165.4 per share, with a market capitalization of Rs 1,02,080 crore or roughly $11.3 billion. The firm’s operating revenue rose 25% year-on-year to Rs 1,216 crore in Q3 FY26, with a net profit of Rs 547 crore. Among major brokers, Zerodha added 10,000 clients in January after several months of decline. The firm had shed around 1 lakh users in November and lost another 72,000 in December. Its total user base now stands at 68.62 lakh, with a 15.21% market share. Angel One’s market share declined to 14.95%, with 67.45 lakh clients, after losing nearly 13,000 users in January. Upstox recorded the highest client loss among major brokers, with over 41,000 users, a 2% month-on-month decline. This pushed Upstox down to the fifth position, and its market share fell to 4.51%. Among traditional players, ICICI Securities, SBI Securities, and Kotak Securities added around 19,000, 3,680, and 4,725 accounts, respectively. Paytm saw an increase of about 14,000 accounts, while HDFC Securities, Kotak Securities, and Motilal Oswal reported a decline in client numbers. Emerging brokers Dhan and INDmoney reported growth in their user base, with 14,900 and 3,860 users added, respectively. Recently turned unicorn Dhan posted a strong FY25 performance, with revenue from operations rising over 2.3X. At the same time, its profit jumped 2.6X and crossed Rs 400 crore in the last fiscal year.

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Groww retains lead in stock broking amid falling user base in September

EntrackrEntrackr · 4m ago
Groww retains lead in stock broking amid falling user base in September
Medial

Groww retains lead in stock broking amid falling user base in September India’s active stock market users fell 1.92% in Sept to 45.31M after a brief rebound; IPO-bound Groww led with 11.91M users, down 1.36% MoM. The Indian stock market’s active user base, after rebounding in August 2025 with 0.5% growth to 46.19 million clients, fell once again in September 2025 by 1.92% to 45.31 million clients. IPO-bound Groww maintained its leadership in the stockbroking space with 11.91 million active users and a 25.78% market share, though its user base slipped 1.36% month-on-month from 12.07 million in August. Zerodha retained the second spot with a 15.34% market share and 7.09 million active clients, followed closely by Angel One with 6.89 million clients and a 14.91% share. Both brokers recorded month-on-month declines of 2.43% and 2.28%, respectively. Upstox witnessed another sharp month-on-month decline of 4.24%, taking its active client base down to 2.28 million and its market share to 4.93%. Among traditional stock brokers, ICICIDirect with 1.97 million users (4.28% share), HDFC Securities with 1.52 million (3.28%), and Kotak Securities with 1.41 million (3.05%) maintained their positions at fifth, sixth, and seventh place respectively. Recently turned unicorn Dhan, which raised $120 million at a $1.2 billion valuation, maintained its position at the ninth spot with a 2.12% market share and 9.8 lakh active clients despite a 0.97% month-on-month decline. Paytm Money, with 7.8 lakh users and a 1.68% market share, moved up to the 11th position after registering 2.28% month-on-month growth, while INDmoney slipped to 12th with 7.4 lakh users and a 1.60% share following a 3.86% decline. Mirae Asset saw the largest month-on-month jump of 12.35% reaching 3.3 lakh active users, while PhonePe’s Share.Market recorded a further decline of 5.29% to 2.9 lakh users.

Pravin Jadhav-led Dhan storms into top 10 stock broking apps

EntrackrEntrackr · 1y ago
Pravin Jadhav-led Dhan storms into top 10 stock broking apps
Medial

Dhan, launched by former Paytm Money executive Pravin Jadhav, has entered the top 10 list of stockbroking apps in India. Launched in January 2021, Dhan has also knocked out Paytm Money from the top 10 list. With 1.2 crore active users in August, Groww is the market leader followed by Zerodha and AngelOne. Upstox and ICICI Direct are number 4th and 5th player with 26.62 lakh and 18.89 lakh active users, respectively. Groww took over Zerodha in October last year and since then, it has maintained the numero uno position. According to NSE data, Dhan had 740,000 (7.4 lakh) active users as of August, while Paytm Money had 730,000 (7.3 lakh) active users. AngelOne may surpass Zerodha in the coming months, as the listed firm had 710,000 (7.1 lakh) active users in August, compared to Zerodha 790,000 (7.9 lakh). One of the newest entrants PhonePe’s Share.Market is also gaining traction and currently stands at 21st spot with over 2 lakh active investors during the last month. That said, Dhan is reportedly in talks to raise a large round. Operating under Raise Financial Services, the company last raised $22 million in January 2022. BEENEXT, Mirae Asset, 3one4 Capital, and Rocketship.vc are its major investors. Dhan has also been profitable from the second fiscal year of its operations. While the company is yet to disclose FY24 numbers, it turned profitable in FY21 with over Rs 7 crore profit after tax (PAT).

Groww expands stock broking lead in Dec 2025; Zerodha and Angel One lose clients

EntrackrEntrackr · 1m ago
Groww expands stock broking lead in Dec 2025; Zerodha and Angel One lose clients
Medial

Groww expands stock broking lead in Dec 2025; Zerodha and Angel One lose clients As India’s retail broking industry continues to face a slowdown, the total number of active users declined further to 4.48 crore in December 2025 from a peak of 4.96 crore in January 2025. Despite the broader decline, Groww continued to grow its user base, held a 27.06% market share, and posted marginal growth, while peers such as Zerodha, Angel One, and others reported a drop in active clients. According to NSE data, Groww added around 39,500 active demat accounts during the month and took its total client base to about 1.21 crore (12.13 million). Among major brokers, Zerodha has been losing clients for several months. After shedding around 1 lakh users in November, it lost another 72,000 clients in December. Its total user base now stands at 68.5 lakh, giving it a 15.29% market share. Angel One followed closely with a 15.08% share and 67.6 lakh clients, after losing more than 36,500 users in December. Upstox, ranked fourth, also saw a decline of over 74,000 accounts and now holds a 4.64% market share with 20.8 lakh clients. Among traditional players, ICICI Securities and SBI Caps added around 19,500 and 25,300 accounts, respectively. Paytm also saw an increase of about 18,700 accounts, while most other brokers, including HDFC Securities, Kotak Securities, and Motilal Oswal, reported a decline in client numbers. Emerging brokers showed mixed trends during the month. Recently turned unicorn Dhan held a steady user base of 9.8 lakh with a 2.2% market share and added a marginal 4,700 users, while INDmoney and PhonePe’s Share.Market reported month-on-month declines of 4.37% and 6.16%, respectively.

Groww expands lead over Zerodha with 12.59 Mn active users in October

EntrackrEntrackr · 1y ago
Groww expands lead over Zerodha with 12.59 Mn active users in October
Medial

Bengaluru-based stock broker Groww has surpassed the 1.25 crore (12.59 million) mark in active traders in October, driven by the addition of around 3.5 lakh users in a single month, according to data from the National Stock Exchange (NSE). Zerodha, Groww’s closest competitor, had approximately 80.6 lakh (8.06 million) active investors as of last month. Groww overtook Zerodha in October last year and has held the top position ever since. As per the NSE’s data, Groww has nearly doubled its user base over the past year, whereas Zerodha added just 15 lakh new users. Angel One, the third-largest stockbroker, has 75 lakh (7.53 million) active users and may surpass Zerodha in the coming months. Upstox ranked fourth, had 28.52 lakh (2.85 million) users as of last month. ICICI Direct is the fifth largest player in this space with 19.3 lakh active users (1.93 million). Dhan, launched by former Paytm Money executive Pravin Jadhav, had 8.49 lakh (0.84 million) users as of October. Dhan entered the top 10 list of stockbroking apps in India in August this year, replacing Paytm Money. INDmoney and PhonePe's Share.Market are the new entrants in the top 20 list with 6.7 lakh (0.67 million) and 2.69 lakh (0.26 million) respectively. In terms of scale, Zerodha had the highest revenue in FY24 at Rs 8,370 crore, followed by Angel One, which reported Rs 4,272 crore in revenue for the last fiscal year. Nithin Kamath’s Zerodha reported a profit of Rs 2,907 crore, while Angel One’s profits exceeded Rs 1,125 crore in FY24. Groww’s revenue from operations surged to Rs 3,145 crore in FY24. The Lalit Keshre-led company recorded a net loss of Rs 805 crore in FY24, primarily due to a one-time tax payment of Rs 1,340 crore for relocating its domicile to India. Despite this, the firm remained operationally profitable. Upstox, which posted over Rs 1,000 crore in revenue in FY23, has yet to file its annual report for FY24.

Groww maintains lead over Zerodha and Angel One amid user base decline in June

EntrackrEntrackr · 7m ago
Groww maintains lead over Zerodha and Angel One amid user base decline in June
Medial

Groww maintains lead over Zerodha and Angel One amid user base decline in June The Indian stock market’s active user base has declined from a peak of 49.67 million in January to 47.89 million in June. However, it grew 2% month-on-month in the previous month, from 46.93 million in May. Groww maintained its leading position in overall active users with a 26.27% market share, despite a 1.67% drop in its user base, which declined to 12.58 million in June from 12.79 million in May, according to NSE data. Meanwhile, rival Zerodha retained its second spot with a 15.58% market share and 7.58 million users. However, it saw a 2.23% month-on-month decline from 7.75 million users in the previous month. Angel One holds the third spot with a 15.28% market share and 7.32 million users, narrowing the gap with Zerodha. Other major brokers, Upstox and ICICIdirect, held on to the fourth and fifth positions, respectively. Ratan Tata-backed Upstox (5.37% market share) saw a 3.36% decline in its user base to 2.57 million, while ICICIdirect (4.07% market share) maintained a steady user base of 1.95 million. Among traditional brokers, HDFC Securities (1.58 million users) and SBI Securities (1.01 million) recorded month-on-month growth of 1.32% and 1.65%, respectively. In contrast, Kotak and Motilal Oswal saw declines of 0.86% and 1.07%, respectively. Emerging broker Dhan retained its 10th position with 1 million users and a market share of 2.08%. Paytm Money’s user base grew by 2.74% to 7.24 lakh, while Sharekhan’s client base declined by 2.46% to 6.25 lakh. Both remained among the top 20 stock brokers. On the other hand, PhonePe’s Share.Market appears to be losing ground, with its user base declining by 3.52% in June to 3.47 lakh users.

Groww strengthens lead in stock broking space in November as Zerodha sees further decline

EntrackrEntrackr · 2m ago
Groww strengthens lead in stock broking space in November as Zerodha sees further decline
Medial

url: https://entrackr.com/fintrackr/groww-strengthens-lead-in-stock-broking-space-in-november-as-zerodha-sees-further-decline-10897857 Content: Amid a slowdown in India’s retail broking industry, overall active users remained flat in November at 4.5 crore (45 million). Groww continued to dominate with a 26.84% market share and recorded marginal user growth, while Zerodha, Angel One and others saw a decline in clients. Recently listed wealth-tech platform Groww was one of the only major players to record growth in November 2025. According to NSE data, Groww added around 42,000 active demat accounts during the month, keeping its total client base at around 1.2 crore (12 million). As of 12:13 PM today, Groww’s share price is trading at around Rs 143 per share, with a market capitalization of Rs 88,436 crore or roughly $10 billion. Among major brokers, Zerodha saw the biggest drop in users this month, shedding nearly 1 lakh clients. Its total user base is now 69.24 lakh with a 15.38% market share. Angel One is close behind with a 15.09% share and 67.95 lakh clients after losing over 55,000 users in November. Upstox, at the fourth spot, also lost more than 65,000 accounts and now has a 4.78% market share with 21.52 lakh clients. Among traditional players, ICICI Securities and SBI Caps added around 19,000 and 30,000 accounts, respectively. Paytm also gained about 22,000 new accounts, while most other brokers, including HDFC and Kotak Securities, saw declines. Emerging brokers continued to show mixed trends. Recently turned unicorn Dhan maintained a steady user base of 9.8 lakh with a 2.18% market share, while INDmoney and PhonePe’s Share.Market saw month-on-month declines of 2.84% and 4.28%, respectively. Between January and November 2025, active demat accounts across major brokers dropped from a peak of 4.96 crore (49.64 million) to 4.50 crore (45 million), reflecting a broader slowdown in market participation.

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