We have drafted this article which elaborates the information on top 10 stock brokers in Chennai. Based on the market scenario, we have identifed the best stock broker in Chennai based on certain parameters.
We’re referring to the domestic market performance, number and quality of services offered, and, number of establishments within the city. So, stay tuned and read along!
List of Top 10 Stock Brokers in Chennai
Chennai is a hub for enormous financial investments and trades. This attracts a lot of brokers to establish their business centres within the city limits. However, the list only concerns itself with the top 10 stock brokers in Chennai. We’ll begin from the very best and keep the count till the 10th best.
| Rank | Stock Broker |
| 1 | Zerodha |
| 2 | Angel Broking |
| 3 | Motilal Oswal |
| 4 | Sharekhan |
| 5 | India Infoline |
| 6 | Geojit Finance |
| 7 | Upstox |
| 8 | Narnolia Securities |
| 9 | SAMCO |
| 10 | Ventura Securities |
The list is headed by Zerodha, Angel Broking, and, Motilal Oswal in 1st, 2nd, and 3rd positions respectively. The list includes Sharekhan, India Infoline, Geojit Finance and Upstox at the 4th, 5th, 6th and 7th places as well. The last three places within the list, however, are held by Narnolia Securities, SAMCO, and, Ventura Securities!
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Rank 1 – Zerodha – Number 1 Stock Broker in Chennai
| Brand Name | Zerodha |
| Corporate Address | #153/154, 4TH CROSS, DOLLARS COLONY, OPP. CLARENCE PUBLIC SCHOOL, J.P.NAGAR 4TH PHASE, BENGALURU-560078 |
| Phones | 080-40402020 |
| Fax | NA |
| Corporate Email | info@zerodha.com |
| Branch Offices | Zerodha Branch Office |
| Branches in City | Zerodha Branch Office in Chennai |
Zerodha claims to pioneer the very concept of discount broking. It was incorporated on 15th August 2010. This makes it relatively new to the industry. It still manages to contribute over 15% of cumulative retail trading volume in India.
It houses a brilliant team of techies. This enables the broker to rule out most of their competitors who are either new to the concept of online trading or are yet to develop an affinity towards it. In fact, this very thing led the broker to join the group of elites in less than a decade. It is undeniably the top stock broker in Chennai!
You may contact them using the following detail:
- Corporate Office: #153/154, 4th Cross, Dollars Colony, Opp. Clarence Public School, J.P.Nagar 4th Phase, Bengaluru-560078
- Corporate Phone Number: 080-40402020
- Corporate Email: info@zerodha.com.
Rank 2 – Angel Broking – Top Share Broker in Chennai
| Brand Name | Angel Broking |
| Corporate Address | ACKRUTI STAR, 5TH FLOOR CENTRAL ROAD, MIDC MAROL ANDHERI (EAST) MUMBAI-400093 |
| Phones | 022-39413940/5338/022-39415662/68/69/70 |
| Fax | 022-28358811 |
| Corporate Email | compliance@angelbroking.com |
| Branch Offices | Angel Broking Branch Office |
| Branches in City | Angel Broking Branch Office in Chennai |
Angel Broking holds the 2nd place in the ‘top share broker in Chennai’ list. It’s the perfect example of a broker embracing traditional and modern trading aspects equally. This financial corporate giant is led by Dinesh D. Thakkar as Chairman and MD.
It is in close relation with NSE, BSE, MSEI, NCDEX, and, even MCX. This makes Angel Broking one of the most respected brokers across the city and the entire nation. The broker has a humongous network of physical establishments across the nation.
It has 110 official branches and 11,000 sub brokers under its wing. It even has two brilliant online trading apps in play as well. The apps have 850,000 and 450,000 downloads respectively. Cumulatively, the broker has managed more than Rs.113 billion till date.
You may reach out to them at their corporate office in Ackruti Star, 5th Floor Central Road, Midc Marol Andheri (East) Mumbai-400093.
They even respond to the following:
- Corporate Numbers: 022-39413940/5338/022-39415662/68/69/70
- Fax: 022-28358811
- Corporate Email:compliance@angelbroking.com
Rank 3 – Motilal Oswal – Best Share Broker in Chennai
| Brand Name | Motilal Oswal |
| Corporate Address | PALM SPRING CENTRE, 2ND FLOOR, PALM COURT COMPLEX, NEW LINK ROAD, MALAD (WEST), MUMBAI-400064 |
| Phones | 022-30801000/022-30801001/022-30801048 |
| Fax | 022-28449002 |
| Corporate Email | neeraj.agarwal@motilaloswal.com |
| Branch Offices | Motilal Oswal Branch Office |
| Branches in City | |
Motilal Oswal represents growth in the financial advisory and brokerage industry. The company was initiated by a team of merely two people in 1987. They’ve come a long way since then. As of now, the company is run with the support of over 6,000 capable staff.
Their physical spread has also increased in the past 33 years. With a rich history and customer-first approach, they currently serve across 2,500+ business establishments. Their network is spread across 500+ cities in India and, that enables them to cater to a clientele of more than 14,00,000 investors and traders.
Their extraordinary services even got them recognized more than once. In fact, they won the award for the Best Performing Stock Broker by UTI-CNBC TV19 6 times. Moreover, they even pioneered the concept of swift paperless Demat account opening.
You may reach out to them through any of the following:
- Visit them at their corporate office: Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West), Mumbai-400064
- Dial them up at their corporate phone numbers: 022-30801000/022-30801001/022-30801048
- Fax them up at their official Fax: 022-28449002, or;
- Perhaps write them up at their email: agarwal@motilaloswal.com.
Rank 4 – Sharekhan – Share Broker in Chennai
| Brand Name | Sharekhan |
| Corporate Address | PLOT NO.1012,DEVIDAYAL COMPOUND, KANJUR VILLAGE ROAD,NEAR CROMPTON & GREAVES LTD., KANJUR MARG (EAST), MUMBAI-400042 |
| Phones | 022-61281700 / 022-61150000 |
| Fax | 022-67481899 |
| Corporate Email | namita.godbole@sharekhan.com |
| Branch Offices | Sharekhan Branch Office |
| Branches in City | Sharekhan Branch Office in Chennai |
Sharekhan isn’t just another share broker in Chennai. They came, they observed, they delivered, and then they conquered. That’s exactly the history of Sharekhan summed up in a sentence! They came to the market in 2000 and, in less than 2 decades, they’ve made a lot more than just a name for themselves.
Led by Shripal Morakhia, they’ve procured the trust of over 14,00,000 customers. They even work in close proximity and under guidance of financial authorities like NSE, BSE, MCX and NCDEX.
They’ve even grown post their acquisition by the BNP Paribas group. This led to their expansion to more than 1,800 offices in India. This even helped them to establish their offices in Oman and UAE. They made it easier for their clients to reach out to them.
They have their corporate office in Plot No.1012,Devidayal Compound, Kanjur Village Road, Near Crompton & Greaves Ltd., Kanjur Marg (East), Mumbai-400042. Their registered phone numbers are 022-61281700 and 022-61150000.
They respond to messages over Fax as well. You may reach them at 022-67481899 through Fax. Furthermore, they embrace technology. Therefore, they respond rather promptly to any emails on namita.godbole@sharekhan.com.
Rank 5 – India Infoline – Top 10 Stock Broker in Chennai
| Brand Name | India Infoline |
| Corporate Address | IIFL CENTRE, KAMALA CITY, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI-400013 |
| Phones | 022-42499000/0-42499022/0-40077114/157 |
| Fax | 022-40609049 |
| Corporate Email | prasad.umarale@indiainfoline.com |
| Branch Offices | IIFL Branch Office |
India Infoline represents a gigantic corporate structure with visionary leadership. It was incorporated by Nirmal Jain and R. Venkataraman in 1995. They hold Thane as the prime place of their operations. In fact, they’ve had their head office located in Thane ever since their inception.
However, their corporate office is located in Mumbai. They have this establishment in IIFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai-400013.
They enlist themselves in 5th position out of top 10 stock broker in Chennai list. That’s because of their huge network of over 4,500 branches in India. In the recent years, they’ve even bifurcated their business to discount broker through 5Paisa.
Nevertheless, they still respond to their registered number 022-42499000/0-42499022/0-40077114/157 over phone. Their Fax is also active at 022-40609049. Moreover, they even respond to prasad.umarale@indiainfoline.com over email.
Rank 6 – Geojit Finance – Best Stock Broker in Chennai
| Brand Name | Geojit Finance |
| Corporate Address | 11TH FLOOR, 34/659-P, CIVIL LINE ROAD PADIVATTOM KOCHI-682024 |
| Phones | 0484-2901000 |
| Fax | 0484-2405618 |
| Corporate Email | liju_johnson@geojit.com |
| Branch Offices | Geojit Finance Branch Office |
| Branches in City | Geojit Finance Branch Office in Chennai |
Sixth best stock broker in Chennai as per us is Geojit Finance. The company provides full range of financial advisory and brokerage in India. They are headquartered in Mumbai as of now. Their founders, A.P. Kurian and C.J. George founded the company in 1986.
They’ve grown humongous ever since. Their business spread engulfs over 470 offices across the country. Moreover, they’ve even managed a cumulative asset worth Rs.35,800 within NSE and BSE based investments.
They currently provide trading services across Equity, Currency, Options and Futures. They even provided assistance with Mutual Funds and SIPs.
Their corporate office is registered to the address 11th Floor, 34/659-P, Civil Line Road Padivattom Kochi-682024. However, their phone and Fax numbers are registered to 0484-2901000 and 0484-2405618 respectively.
You may even write to them about your experience with their services and, you may use their official email address for this purpose. This is registered to liju_johnson@geojit.com.
Rank 7 – Upstox – Best Demat Broker in Chennai
| Brand Name | Upstox |
| Corporate Address | SUNSHINE TOWER, 30TH FLOOR SENAPATI BAPAT MARG, DADAR (WEST) MUMBAI-400013 |
| Phones | 022-67107379/0-9619254709/0-9820407230 |
| Fax | 022-67107492 |
| Corporate Email | hiren.thakkar@rksv.in |
| Branch Offices | Upstox Branch Office |
| Branches in City | |
There’s a certain reason why Upstox is in our list of best Demat brokers in Chennai. They started off with a simple idea. All they wanted to do was find out if there was a way to make trading easier and cheaper.
After 9 years of existence, they’ve actually delivered on that idea. Raghu Kumar, Ravi Kumar and Shrinivas Vishwanath established the company in 2011 and, in less than a decade they’re competing with the best of stock brokers India has to offer.
They currently serve across the domains of Equity, Currency, Options and Futures trading. They even provide up to 20x trade leverage on Intraday Trading activities. In short, they’ve become the top most discount brokers this nation has ever seen.
Most importantly, they only deliver across the online trading platforms. They position themselves at the seventh spot within our list of best Demat brokers in Chennai. You may reach out to them directly by visiting their corporate office.
It is located in Sunshine Tower, 30th Floor Senapati Bapat Marg, Dadar (West) Mumbai-400013. They even respond to phone calls on their registered numbers: 022-67107379/0-9619254709/0-9820407230.
Moreover, you may seek their response through Fax as well. Though, you must reach out them first on 022-67107492 for that. You may even expect their response over email. All you need to do is write to them first over hiren.thakkar@rksv.in.
Rank 8 – Narnolia Securities – Top Demat Broker in Chennai
| Brand Name | Narnolia Securities |
| Corporate Address | MARBLE ARCH, 236 AJC BOSE ROAD, 2ND FLOOR, ROOM NO, 201 WEST BENGAL KOLKATA-700020 |
| Phones | 33-40501500 |
| Fax | NA |
| Corporate Email | mkagarwal@narnolia.com |
| Branch Offices | Narnolia Branch Office |
| Branches in City | |
Narnolia Securities holds its position as the 8th top Demat broker in our list. However, it is a bit different from rest of entrants. That’s particularly because of their ideology and approach. They tend not only to provide their clients with trading services but education.
In short, they’re regarded as one the best trading institutions across India. They got into this game in the year 1997. This was shortly after Krishnanand Narnolia inaugurated the organization. They’ve always had their headquarters established within the city of Joy.
In fact, they are pretty much attached to the city of Kolkata. This shows up because even their corporate office is located there. You may pay them a visit at Marble Arch, 236 AJC Bose Road, 2nd Floor, Room No, 201 West Bengal Kolkata-700020.
You may reach out to them over phone on 33-40501500 or any of their branch offices located in Chennai. Perhaps, you might be interested in writing to them on their email mkagarwal@narnolia.com.
Rank 9 – SAMCO – Stock Market Broker in Chennai
| Brand Name | SAMCO |
| Corporate Address | 1004-A, NAMAN MIDTOWN, 10TH FLOOR, SENAPATI BAPAT MARG, ELPHINSTONE (WEST), MUMBAI-400013 |
| Phones | 022-24391813/022-24391807 |
| Fax | 022-24031691 |
| Corporate Email | info@samco.in |
| Branch Offices | SAMCO Branch Office |
| Branches in City | |
SAMCO is yet another leading name for a discount broker in India. It even happens to be the 9th best stock market broker in Chennai. The company was formed by Jimeet Modi in the year 1993. It still houses its headquarters in Mumbai, the place of its origin.
However, that’s the only unaltered thing about the company from their time of inception. They’ve grown to serve over 1,00,000 happy customers. They’ve even pioneered in creating a healthy competition for the individual traders. This initiative is known as Indian Trading League.
They’ve even created different trading platforms to perform different functions. Their corporate office is currently located in 1004-A, Naman Midtown, 10th Floor, Senapati Bapat Marg, Elphinstone (West), Mumbai-400013.
The office even responds to call on 022-24391813/022-24391807 or Fax on 022-24031691. Moreover, they’ve even got a registered email address, that is, info@samco.in.
Rank 10 – Ventura Securities – Share Market Broker Chennai
| Brand Name | Ventura Securities |
| Corporate Address | ‘I-THINK TECHNO CAMPUS’ 8TH FLOOR, B-WING, POKRAN ROAD NO. 2, BEHIND TCS, OFF EASTERN EXPRESS HIGHWAY, THANE-400607 |
| Phones | 022-67547000/022-9820323775 |
| Fax | 022-25498580 |
| Corporate Email | d_singh@ventura1.com |
| Branch Offices | Ventura Securities Branch Office |
| Branches in City | |
The last share market broker in Chennai as per this list is Ventura Securities. They have a corporate office at I-Think Techno Campus’ 8th Floor, B-Wing, Pokran Road No. 2, Behind TCS, Off Eastern Express Highway, Thane-400607.
The office is equipped with registered phone numbers on 022-67547000/022-9820323775. It even has Fax registration for 022-25498580. Lastly, you may reach out to them over email registered at d_singh@ventura1.com.
Stock Broker in Chennai – Conclusion
There are numerous active stock brokers in Chennai. This article was our effort in segregating information on the top 10 of them. However, at the end of the day, the ball remains in your court. So, choose the broker you want to go with wisely!
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