Below is a complete infographics covering the key details of India’s top broking and trading platforms—Groww, Zerodha, Upstox, and Angel One.
In this infographics, key financial parameters like profit after tax, revenue, active users, valuation metric (P/E ratio), market share, and who gained active users faster are compared.
Here is the breakdown of each parameter in brief.
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Source: MrMoneyFrugal.com
Revenue Comparison (2024–2025)
Here are the revenues of each platform: Groww – ₹3902 crores, Angel One – ₹1216 crores, Zerodha – ₹8500 crores, Upstox – ₹1311 crores.
In terms of revenue, Zerodha is leading among them.
Profit After Tax (PAT) Comparison
Profit After Tax figures are: Groww – ₹1824 crores, Angel One – ₹1216 crores, Zerodha – ₹4200 crores, Upstox – ₹190 crores.
Zerodha is leading here as well.
Active Users Comparison
Groww has 13 million active users, Angel One has around 7.58 million, Zerodha has 7.9 million, and Upstox has around 2.75 million.
Groww leads in active users.
Market Share Breakdown
Based on the NSE active client base of around 49.2 million:
Groww has 26%+ market share, Zerodha 15.9%, Angel One 15.3%, and Upstox 5.6%.
While Groww is the newest of all, it has gained market share much faster.
P/E Ratio Comparison
Only two of the four are listed on stock exchanges, and Groww is the new entrant.
The P/E ratio basically tells whether a stock is reasonably priced compared to its earnings.
Groww has a P/E of around 78, while Angel One is at around 33–34.
Based on these figures, Groww is expensive.
Who Achieved Users Faster? (Growth Speed)
Based on the founding dates of these platforms:
Groww has achieved over 1.44 million active users per year,
Zerodha – 0.56 million,
Angel One – 0.26 million,
Upstox – 0.17 million.
Based on this data, Groww has surpassed all its competitors in user growth speed.
Conclusion
Day by day, Indian people are moving towards the markets, and they need clear, easy, and reputed platforms that can serve their needs. The platforms that earn customers’ trust and provide a user-friendly interface will see more people joining them.
In short, Groww is leading in users and market share, while Zerodha is leading in revenue and profit.
Which do you find more userfriendly? Share below.
FAQ: Groww vs Zerodha vs Upstox vs Angel One
1. Which is the largest stockbroker in India?
Groww is the largest stockbroker in India based on active users.
2. Is Groww profitable?
Yes, Groww is profitable. In FY25, Groww recorded revenue of ₹3902 crores and earned a profit after tax of ₹1824 crores.
3. What is Angel One’s market share?
Currently, Angel One has a market share of 15.3%, placing it in the 3rd position among India’s largest stockbrokers.
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