10 September 2025
Indian stockbroking platforms Groww and Zerodha saw their active client numbers fall between February and August 2025, according to National Stock Exchange (NSE) data.
Groww, a Bengaluru-based brokerage, had its client base drop from 13 million to 12.1 million during this period, though it remains the largest in the country.
Zerodha’s active clients declined from 8 million to 7.3 million, while Angel One also fell from 7.6 million to 7 million.
The slowdown in active clients across major platforms follows regulatory restrictions on futures and options trading, including changes to lot sizes, margin norms, and transaction costs.
Indian stockbroking platforms Groww and Zerodha saw their active client numbers fall between February and August 2025, according to National Stock Exchange (NSE) data.
Groww, a Bengaluru-based brokerage, had its client base drop from 13 million to 12.1 million during this period, though it remains the largest in the country.
Zerodha’s active clients declined from 8 million to 7.3 million, while Angel One also fell from 7.6 million to 7 million.
The slowdown in active clients across major platforms follows regulatory restrictions on futures and options trading, including changes to lot sizes, margin norms, and transaction costs.
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