Indore has witnessed a growing trend of stock traders and investors in the city and within Indian stock trading industry. We’ve curated this article after explicit research on Best Stock broker in Indore. We’ve incorporated several parameters to rank the brokers, such as:
- Popularity of the brokers in general
- Their respective hold over the domestic market
- Ratings of their products and services
- Their reputation throughout the country
We’ve done it all to rank the top 10 stock brokers in Indore. So, if you’re one of the budding traders who belong to Indore, this article is made for you. We suggest that you read the entire article and choose the best trader for your trades as well!
List of Top 10 Stock Brokers in Indore
Finding the best stock broker in Indore was not an easy task. We had to culminate the list from scratch. That required extensive research on and off the paper. Nevertheless, we accumulated all the relevant data we could find on the subject.
| Rank | Stock Broker |
| 1 | India Infoline |
| 2 | Zerodha |
| 3 | Angel Broking |
| 4 | Motilal Oswal |
| 5 | Sharekhan |
| 6 | Ventura Securities |
| 7 | SAS Online |
| 8 | SAMCO |
| 9 | Asit C Mehta Investment |
| 10 | Upstox |
We actualised the probable metrics. We cross referenced our data with domestic traders and users and, only then came up with the final list. Anyway, the list consists of top 10 traders established in Indore.
Nonetheless, our list is championed by India Infoline. The 2nd, 3rd, and 4th positions are held by Zerodha, Angel Broking and Motilal Oswal. We have Sharekhan, Ventura Securities and SAS Online at the succeeding positions. SAMCO, ASIT C Mehta Investment and Upstox hold the final three spots respectively.
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Rank 1 – India Infoline – Number 1 Stock Broker in Indore
| Brand Name | IIFL |
| 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 |
| Branches in City | IIFL Branch Office in Indore |
Indian Infoline is a true grandeur in every manner. They have an experience of over 25 years. They moderate their services across more than 4,500 official branches. Their AUM cumulates to nearly $24 billion USD.
Most importantly, they render complex services like, PMS, Mutual Funds and Depository with ease. These are served apart from the usual trade facilitations of Equity, Derivatives, Currency and Commodity trading. In short, it’s no surprise they’re regarded as the top stock broker in Indore.
They look over all the operations management from their corporate office. The office we’re referring to is located in IIFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai-400013. It is responsive to calls placed on022-42499000, 0-42499022, and0-40077114/157.
It even responds to all messages and documents sent over to their Fax number: 022-40609049. In fact, their clients may even reach out to them over email. They respond rather quick to all emails sent at prasad.umarale@indiainfoline.com.
Rank 2 – Zerodha – Top Share Broker in Indore
| 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 represents the new breed of stock brokers. It leverages advantages of technology to access more clients. In fact, it even uses technological advancements to cater to their clients and, in a way they’ve been doing a fabulous job so far. The broker was only brought forward 10 years ago.
So, in a way, they’re the newest broker in this entire list. They are however ranked at 2nd place post the top share broker in Indore. Nevertheless, the reason for them being on the 2nd position is rather simple, the concept of trading and investing entirely online puts forward a good prospect.
Moreover, the new coming traders are usually low on investments. Therefore, a platform that charges less always attracts the attention . The broker’s corporate office is located at #153/154, 4th Cross, Dollars Colony, Opp. Clarence Public School, J. P. Nagar 4th Phase, Bengaluru-560078.
This broker does not have any registered numbers accessible to the people in general. Although, they are pretty swift with replies for emails sent to info@zerodha.com.
Rank 3 – Angel Broking – Best Share Broker in Indore
| 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 Indore |
While Zerodha stocks to online trading services, Angel Broking thrives on their well built network of 8,500+ sub brokers. They’re rated as the 3rd best share broker in Indore. Over the past 33 years of their existence, they’ve made their presence very clear.
Their current business distribution is spread well over 1,000 cities. This in fact, becomes necessary to manage over 1 million clients nonetheless. This is a rather good reason to be trusted. Hence, their position in our list is well justified.
Moreover, they’re active and reputed members of NSE, BSE, MCX and even NCDEX. This leaves their clients with many privileges. They currently hold their corporate office in Ackruti Star, 5th Floor Central Road, Midc Marol Andheri (East) Mumbai-400093.
They’ve even made certain registered numbers available to their clients. you may reach out to them over 022-39413940/5338, 022-39415662/68/69/70 or 022-28358811 (FAX). You may even email them at compliance@angelbroking.com.
Rank 4 – Motilal Oswal – Share Broker in Indore
| 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 | |
With more than 14 lakh clients and an AUM worth 11,600 crores, Motilal Oswal is the next big share broker in Indore. The name itself represents intense heritage and culture. In fact, it is considered to be the flag bearer of stock trading industry in many parts of India.
It competes with the rest with a network of 2,500+ business centres across India. Although, this is not the primary reason for their popularity. On the contrary, their popularity rests on their capability of extensive research.
They have one of the best analytics team within the entire stock trading industry. This enables them to cater vital information to their clients. This in turn helps their clients to grow numerously through positive trades.
Anyway, the broker has its corporate centre in Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West), Mumbai-400064. The office is well connected to their clients through registered phones on: 022-30801000, 022-30801001, or 022-30801048.
The clients may even send them relevant documents over Fax on 022-28449002. Moreover, they even reply to all emails sent over at neeraj.agarwal@motilaloswal.com.
Rank 5 – Sharekhan – Top 10 Stock Broker in Indore
| 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 Indore |
Sharekhan joined the race of facilitating stock trading in 2000. It’s tried to revolutionize the entire industry ever since! Today, it’s regarded as one of the top 10 stock brokers in Indore. It’s been able to secure a client base of over 14,00,000 investors in less than 20 years.
Sharekhan’s real achievement was to enrol the trend of online trading. Although, it is a known discount broker, it’s still not cut out in the basis facilities. That’s why its manages a network of more than 1,800 branches.
Nevertheless, it still rolls out its vital business decisions through its corporate office. The office is located at Plot No.1012, Devidayal Compound, Kanjur Village Road, Near Crompton & Greaves Ltd., Kanjur Marg (East), Mumbai-400042.
It takes in complaints from all of its clients as well. This is done over the numbers 022-61281700 and 022-61150000. In certain cases, it even considers Faxes to 022-67481899. However, the most active responses are sent through its registered email namita.godbole@sharekhan.com.
Rank 6 – Ventura Securities – Best Stock Broker in Indore
| 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 |
Ventura Securities is an actualization of Sajid Malik’s dreams. The company was set forth in the year 1994. This gave them an experience of 26 years to join the race of the elites. At present, it is an esteemed member of NSE and BSE. Moreover, it’s even considered as the 6th best stock broker in Indore.
The main reason for its current position is its widened capabilities of immense research. It provides one of the best investment advisories in the industry. Despite of its elite level services, it charges a nominal brokerage.
This further inspires traders to join in with this broker. It even has the license to provide DP services on behalf of both CDSL and NSDL and, that just adds up to its overall charm.
It’s current corporate office address is I-Think Techno Campus’ 8th Floor, B-Wing, Pokran Road No. 2, Behind TCS, Off Eastern Express Highway, Thane-400607. The office houses registered phone numbers for clients to contact them.
The numbers are: 022-67547000 and 022-9820323775 respectively. The office even responds to Faxes sent to 022-25498580 and emails sent at d_singh@ventura1.com.
Rank 7 – SAS Online – Best Demat Broker in Indore
| Brand Name | SAS Online |
| Corporate Address | NA |
| Phones | NA |
| Fax | NA |
| Corporate Email | info@sasonline.in |
| Branch Offices | SAS Online Branch Office |
The 7th best Demat broker in Indore is known by the name of SAS Online. The company is a progeny of Shrey Jain, Siddhant Jain and Anubha’s hard work. They initiated a small trade advisory firm in 2013, and, within the first six months bagged their first 1,000 clients.
The company now represents a whole new breed of discount brokers. They’re connected to each of their clients not merely through trades but trust. They help their clients grow through immersive advisory.
In return, their clients stick with them and even advertise their expertise. As a result, they’ve grown to manage a business of 4,000 crores a day. They do not have any corporate offices to reach out to yet. However, they’re pretty responsive to all emails sent toinfo@sasonline.in.
Rank 8 – SAMCO – Top Demat Broker in Indore
| 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 the brain child of Jimeet Modi. It ranks 8th in the list of top Demat brokers in Indore. It is a 1993 incorporated firm that turned out to be huge over the years. It has grown to become a full service broker.
In fact, it rightfully claims to manage and serve over 1,00,000 investors. More importantly, it does so under the membership licenses from BSE and NSE. The current corporate office of SAMCO is based in 1004-A, Naman Midtown, 10th Floor, Senapati Bapat Marg, Elphinstone (West), Mumbai-400013.
Their clients are furnished with personalised advisory and grievance redressals through 022-24391813 and 022-24391807. The broker even asks for certain documents over Fax on 022-24031691 occasionally. They’re always online, serving over emails at info@samco.in.
Rank 9 – Asit C Mehta Investment – Stock Market Broker in Indore
| Brand Name | Asit C Mehta Investment |
| Corporate Address | NUCLEUS HOUSE,5TH FLOOR SAKI VIHAR ROAD ANDHERI (EAST) MUMBAI-400072 |
| Phones | 22-28583333 |
| Fax | 022-28577647/4110 |
| Corporate Email | acmiil@acm.co.in |
| Branch Offices | Asit C Mehta Branch Office |
We have Asit C Mehta Investment as our 9th stock market broker in Indore. The firm is known largely for its ingenuity in terms of trade advisory. However, it’s even more popular for providing a trade exposure as much as 15x over certain trade domains.
It even provides services related to IPO, Trading, Demat and Intraday. Its current corporate office is held at Nucleus House, 5th Floor Saki Vihar Road Andheri (East) Mumbai-400072. The office responds to all calls and Faxes placed on the numbers 22-28583333 and 022-28577647/4110 respectively.
Moreover, their email address is just as much active and, you may reach out to them at acmiil@acm.co.in.
Rank 10 – Upstox – Share Market Broker Indore
| 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 | |
Upstox is the 10th stock market broker in Indore that we’ve considered for this list. It also is the closest competitor to Zerodh in current times. Much like Zerodha, it too thrives on the concept of online trading. The company has been active since 2009.
However, its growth is a bit less as compared to Zerodha. Having said that, we must even acknowledge its potential for it is supported by giants like Tiger Global and Ratan N Tata.
It has its corporate office established in Sunshine Tower, 30th Floor Senapati Bapat Marg, Dadar (West) Mumbai-400013. You may even refer to its email hiren.thakkar@rksv.in.
Stock Broker in Indore – Conclusion
We’ve concluded our say in terms of stock brokers in Indore. We hope that the article falls to your suiting. Consider all the stock brokers mentioned in this article and then choose the one which fulfils your need. We suggest you refer to their official website for more information.
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