Groww, the Bengaluru-based fintech unicorn, continues to dominate the Indian stockbroking space, expanding its lead over competitors by achieving a milestone of 12.88 million active clients in November 2024. The most recent figures from the National Stock Exchange reveal a commanding 26.35% market share.

There were 2,82,577 new users added in November alone. The Lalit Keshre-helmed firm surpassed Zerodha in October last year and has remained at the top of the heap ever since. With 8.12 million active users, Zerodha maintained its second position, accounting for 16.62% of the market.

There are 7.63 million active clients and a 15.61 percent market share for Angel One, closely followed by Zerodha. The consistent growth of Angel One suggests it could potentially challenge Zerodha's position in the near future.

In November, Upstox had 2.87 million active users with 5.88% of the market. With 1.94 million users and a 3.97% market share, ICICI Direct claimed the fifth spot.

With 7,32,437 million users, INDmoney captured the 11th spot, outpacing Paytm Money and Sharekhan. There are 7,15,020 million and 7,07,984 million users for Paytm Money and Sharekhan. The list includes Mirae Asset, 5paisa, and IIFL Securities.

Notable players such as PhonePe's Share are notable players. The vibrant competition in the space is due to Market and FYERS.

The market share of Groww, Zerodha, and Angel One stands at over 58.58% Traditional players such as ICICI Direct, Kotak Securities, and HDFC Securities continue to hold ground against discount brokers.