Top 10 Sub Broker Partner in India

Let us see today who are the top 10 sub broker partner in India.
Top 10 sub broker partner in India

Before getting into the one of the fierce comparison of sub broker franchise, we should look at the parameters on which they have been compared. With our 12 years of experience in this sector, we have analysed around 300 parameters and then finalized 5 which makes most sense to any small business who wants to get into sub broker business. We have also consulted over 500 sub brokers or stock broking franchise owners to understand their requirement before joining a prolific stock broking house as a channel partner.


Let us look into these 5 parameters now –

  • Experience & Brand value
  • Market Share
  • Revenue Sharing Model
  • Product, Services & Offers
  • Holistic Support

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Ranking of Top 10 sub broker partner in India 2020

Let’s us now look into each of these parameters which sub broker partner is winning the race –

1Angel Broking Franchise8.3
2Sharekhan Franchise8.12
3Motilal Oswal Franchise7.98
4SMC Franchise7.4
5ICICI Direct Franchise7.2
6IIFL Franchise7.2
7Kotak Securities Franchise7
8Sushil Finance Franchise6.34
9Nirmal Bang Franchise6.24
10Profitmart Franchise6.14

Sub Broker experience & brand value

Experience in this sector is extremely important as many big players has drowned due to some or the other reasons, but these sub broker partners are survivors & market leaders.

They have gained an immense brand value due to the support they get from the client base as well as from their sub brokers.

1ICICI Direct Franchise8
2Angel Broking Franchise7.5
3Kotak Securities Franchise7.5
4SMC Franchise7.5
5IIFL Franchise7
6Sharekhan Franchise6.5
7Motilal Oswal Franchise6
8Sushil Finance Franchise6
9Nirmal Bang Franchise5.5
10Profitmart Franchise5

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Stock broking franchise market share

Market share is about the volume of business these channel partners drive in the stock broking franchise space. These top 10 stock broking franchise are leaders in the market & hence they are in this list.

The higher the market share the larger the group in sub broker space.

1Angel Broking Franchise9.5
2Kotak Securities Franchise8
3ICICI Direct Franchise7.5
4SMC Franchise7.5
5Motilal Oswal Franchise7.5
6IIFL Franchise7
7Sharekhan Franchise6.5
8Sushil Finance Franchise4.5
9Nirmal Bang Franchise4.5
10Profitmart Franchise3.5

Sub Broker Franchise Revenue Sharing Model

Revenue sharing model is one of the most important parameter to gauge a sub broker partner because most of their b2b client look for these criteria before choosing a stock broker franchise.

This significantly relates to the volume of money a sub broker can earn from their client, the lower the revenue share percentage a franchise owner takes is better for sub broker.

RankFranchise OwnersRating
1Angel Broking Franchise8
2SMC Franchise8
3Sharekhan Franchise8
4Sushil Finance Franchise8
5Nirmal Bang Franchise8
6Profitmart Franchise8
7Kotak Securities Franchise7.5
8IIFL Franchise7.5
9ICICI Direct Franchise7
10Motilal Oswal Franchise7

Channel partner products, services & offers

Another important parameter any sub broker will look for before finalizing a channel partner. The sub broker will look into the various asset classes their client base can venture into, the more the product the higher the client base they can cater to.

Services is another major factor as it smoothens the processes for the sub broker. Now a days, all broking houses are giving a lot of offers, hence, offers is another major factor before choosing a stock broking franchise. This is another major parameter for choosing these top 10 sub broker partner.

RankFranchise OwnersRating
1ICICI Direct Franchise8.9
2Kotak Securities Franchise8.6
3Angel Broking Franchise8.5
4IIFL Franchise8
5Profitmart Franchise8
6Motilal Oswal Franchise7.5
7SMC Franchise7
8Sharekhan Franchise7
9Nirmal Bang Franchise6.7
10Sushil Finance Franchise6.5

Stock broking franchise holistic support

To understand better about these top 10 sub broker partner one should also look into their support mechanism. Holistic support means whether the sub broker partner provides marketing support to the sub broker, how is their customer i.e sub broker support mechanism.

Whether these channel partners are providing trading platforms for across devices, whether their services are competent against other top 10 sub broker partner.

1Kotak Securities Franchise9
2ICICI Direct Franchise8.5
3Angel Broking Franchise8
4Motilal Oswal Franchise8
5SMC Franchise7
6Sharekhan Franchise7
7Sushil Finance Franchise6.7
8IIFL Franchise6.5
9Nirmal Bang Franchise6.5
10Profitmart Franchise6.2

List of all Stock Broking Franchise in India

Here is the list of all Sub Broker Franchise:

List of Sub Broker Franchise in India
Angel Broking Sub BrokerKotak Securities Sub BrokerNarnolia Sub Broker
Sharekhan Sub BrokerICICI Direct Sub BrokerChoice Broking Sub Broker
Motilal Oswal Sub BrokerIIFL Sub BrokerJust Trade Sub Broker
SMC Sub BrokerNirmal Bang Sub BrokerAstha Trade Sub Broker
Sushil Finance Sub BrokerProfitmart Sub BrokerIFCI Sub Broker 
Prabhudas Lilladher Sub BrokerSwastika Investment Sub BrokerAnand Rathi Sub Broker
IDBI Direct Sub BrokerVentura Securities Sub BrokerElite Wealth Sub Broker
Upstox Sub BrokerBonanza Portfolio Sub Broker5Paisa Sub Broker
Sykes & Ray Sub BrokerGeojit Sub BrokerArihant Capital Sub Broker
SBI Securities Sub BrokerAchiievers Equities Sub BrokerTradeplus Online Sub Broker
Karvy Sub BrokerSki Capital Sub BrokerTradebulls Sub Broker
Religare Securities Sub BrokerEdelweiss Sub BrokerParasram Holdings Sub Broker
Fyers Sub BrokerAlice Blue Sub BrokerAditya Birla Money Sub Broker

Top 10 sub broker partner India 2020 conclusion

According to us these are the major reasons any sub broker should look into before finalizing a stock broking franchise. One should look into all the details before hooking with a channel partner as it is always a long term relationship a business owner will like to enter into in B2B form of business.

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List of all Full-Service Brokers in India 

Angel Broking , Motilal Oswal , Kotak Securities , HDFC Securities , Sharekhan , India Infoline / IIFL , ICICI Direct , Edelweiss , Karvy , SBI Cap Securities , Geogit BNP Paribas , Anand Rathi , Religare Securities , Indiabulls Ventures , Just Trade , Ventura Securities , Aditya Birla Money , Axis Direct , SMC Global , GEPL Capital , IDBI Direct , GCL Securities , Arihant Capital , Mangal Keshav , MasterTrust , Networth Direct , Reliance Securities , Sushil Finance , LSE Securities

List of all Discount Brokers in India –

Zerodha , 5Paisa , Upstox / RKSV , Samco , SAS Online , Wisdom Capital , Trade Smart Online , Tradejini , Beeline Broking , Compositedge , RK Global , Achiievers Equities , Bonanza Portfolio , MDirect , TradingBells , EzWealth

Important Blog Posts –

Top 10 Stock Brokers in India , Best Stock Broker in India , Top 10 Intraday Trading Brokers in India , Top 10 Sub Broker Partner in India , Best Demat Account in India , Full Service Broker vs Discount Broker in India , 10 Best Practices of Share Market Investment , Mutual Fund vs Real Estate Investment

4 thoughts on “Top 10 Sub Broker Partner in India

  • April 12, 2018 at 22:15

    I recently open a franchise in IIFL. Worst experience. No training, no timely response. One form which i send to IIFL Branch is missing.

    Worst experience. please dont go for IIFL

  • August 27, 2020 at 10:35

    Awesome experience with PROFITMART very good service…


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