Indian stock market is very difficult to understand. This is the reason why many of the investors rely on the expertise and knowledge of stock brokers in order to invest in the stock market. Stock brokers or the stock broking firms are the entities which are authorized to act as an agent for the investors in the stock market. For rendering their services to the customers, they charge fee from them, which is known as brokerage. Currently, there are a number of brokerage firms operating in the Indian stock market. But in this article, we are going to discuss about the fast-emerging stock broking firms, which are growing at an exponential rate each year. Whether it’s in terms of clientele base or profits. So, without any delay, let’s get started.
Geojit: –Geojit was incorporated in the year 1987 and it is one of the most active stock broker based in India. It is a Kochi based company and is most active in the Gulf. The company is a derivative and cash equity broker with an enormous experience in distribution of the exclusive financial products such as life insurance and Mutual funds & also in Portfolio management services. Geojit is providing a wide range of services to its customers through a network of more than 500 branches and its online trading portal. It is a stock market listed company. Initially it was Geojit Securities Ltd., but then it changed to Geojit Financial Services Ltd. (GFSL) and then finally into Geojit BNP Paribas Financial Services Ltd. in 2009. The rate at which Geojit is growing is quite impressive.
Religare: – Religare Securities Ltd. was incorporated in the year 1986 and it is a subsidiary of Religare Enterprises Ltd. which is a New Delhi based company. Religare offers depositary services, retail broking services and other investment services in almost each state of the country. Religare is present in more than 500 cities across India, through its branches and sub-brokers. Thus, it is one of the largest bricks and mortar stock broker of India. There is a wide range of the services offered by the Religare which includes trading in equity derivatives, commodities, currency derivatives,demat account services and other related services such as IPOs, NCDs, Mutual Funds etc.
Wisdom Capital: – Wisdom Capital is basically a discount brokerage firm which was established in the year 2013. It facilitates automated online trading and broker assisted trade in almost all the segments across the National stock Exchange and Bombay Stock Exchange. It is serving its large clientele base with a network of more than 250 franchises and also with sub-brokers. Because the company is a discount brokerage firm, the brokerage rates which are charged by the company are quite less. It offers trade with free trading and demat account without any hidden charges. Wisdom Capital is providing its clients seamless trading experience through its three major trading softwares which are NEST, NOW and ODIN. It actually offers the best trading platform. These softwares enables the Wisdom customers experience the hassle free and convenient trading. Each year is witnessing the tremendous growth in its market value as well as clientele base.
So, these were the fastest growing stock broking firms in the Indian stock Market. These firms are not picked on the basis of the severity of the business done by them, but on the basis of annual growth achieved by them each year, which is supposed to be a fair parameter.