Best Stock Brokers in Mumbai: Branches, Demat Offices & Local KYC
Directory of authorized stock broker branches, depository participant desks, and offline KYC support centers in Mumbai, Maharashtra. Compare account features, Demat services, and local SEBI contacts.
Classification
Tier 1 Financial Market
Maharashtra
Key Business Zones
Fort, Bandra-Kurla Complex (BKC)
Nariman Point, Andheri East
Tracked Brokers
30 Nationwide Brokers
Physical & Digital Coverage
Stock Brokers Serving Mumbai
| Broker Brand | Depository | Branch Model | Helpline | Local Office |
|---|---|---|---|---|
| 5paisa INZ000010231 (Stock Broker) | CDSL DP | Digital Discount Brokerage (IIFL Group Heritage) | 022 4942 2222 | Mumbai Branch → |
| Alice Blue INZ000156038 (Stock Broker) | CDSL DP | Discount Broker with 15+ Regional Branches in South & West India | 080 3521 5000 | Mumbai Branch → |
| Anand Rathi INZ000170832 (Stock Broker) | CDSL & NSDL DP | Pan-India Full-Service & Wealth Advisory Network (350+ Outlets) | 1800 200 1002 / 022 6281 7000 | Mumbai Branch → |
| Angel One INZ000161534 (Stock Broker) | CDSL DP | Hybrid: 900+ Physical Branches & Authorized Person Desks Nationwide | 080 4748 0048 / 022 3935 7600 | Mumbai Branch → |
| Axis Direct INZ000161633 (Stock Broker) | CDSL & NSDL DP | Bank-Backed Network Across 4,500+ Axis Bank Branches | 022 4050 8080 / 022 6148 0808 | Mumbai Branch → |
| Choice Broking INZ000160131 (Stock Broker) | CDSL & NSDL DP | National Full-Service Broker with 100+ Branches Nationwide | 022 6707 9999 | Mumbai Branch → |
| Dhan INZ000006031 (Stock Broker) | CDSL DP | Tech-Driven Direct Market Access Broker | 022 4897 7091 | Mumbai Branch → |
| Espresso INZ000008535 (Stock Broker) | CDSL DP | Digital Broker Powered by Sharekhan Network | 022 6767 0700 | Mumbai Branch → |
| Fyers INZ000008524 (Stock Broker) | CDSL DP | Technology-Focused Trading Platform | 080 6000 1111 | Mumbai Branch → |
| Geojit INZ000104737 (Stock Broker) | NSDL & CDSL DP | 470+ Branches in South India & Middle East Desks (BNP Paribas Backed) | 1800 425 5501 / 0484 2901000 | Mumbai Branch → |
| Groww INZ000301838 (Stock Broker) | CDSL DP | App-First Digital Broker | 080 6824 9147 | Mumbai Branch → |
| HDFC Securities INZ000186937 (Stock Broker) | NSDL & CDSL DP | Extensive National Bank-Backed Network & 200+ Dedicated Branches | 022 3901 9400 / 022 6246 5555 | Mumbai Branch → |
| HDFC Sky INZ000186937 (Stock Broker) | NSDL & CDSL DP | Discount Broking Arm of HDFC Securities | 022 6849 4666 | Mumbai Branch → |
| ICICI Direct INZ000183631 (Stock Broker) | NSDL & CDSL DP | Pan-India Bank-Backed Branch & ICICI Bank Branch Network | 1800 572 7070 / 022 6807 7070 | Mumbai Branch → |
| Kotak Securities INZ000200137 (Stock Broker) | NSDL & CDSL DP | 120+ Dedicated Branches & Nationwide Kotak Mahindra Bank Network | 1800 209 9191 / 022 6218 0100 | Mumbai Branch → |
| Motilal Oswal INZ000158836 (Stock Broker) | CDSL & NSDL DP | 2,200+ Advisory Branches & Franchisee Hubs Nationwide | 022 4054 8000 / 022 7188 1000 | Mumbai Branch → |
| Nirmal Bang INZ000202536 (Stock Broker) | CDSL & NSDL DP | Institutional & Retail Broker with Extensive Branches in Mumbai & Gujarat | 022 6273 8000 / 022 6273 9000 | Mumbai Branch → |
| Paytm Money INZ000240532 (Stock Broker) | CDSL DP | App-First Digital Investment Platform | 0120 4456 456 | Mumbai Branch → |
| ProStocks INZ000048660 (Stock Broker) | CDSL DP | Direct Flat-Fee Broker with Mumbai Operations Center | 022 6243 4343 / 022 3811 0110 | Mumbai Branch → |
| Religare Broking INZ000174330 (Stock Broker) | CDSL & NSDL DP | Pan-India Retail Branch & Wealth Advisory Network | 1800 102 3335 / 011 4110 3335 | Mumbai Branch → |
| SAMCO INZ000002535 (Stock Broker) | CDSL DP | Fintech & Algorithmic Broking Platform | 022 2222 7777 | Mumbai Branch → |
| SBI Securities INZ000200032 (Stock Broker) | NSDL & CDSL DP | Backed by India's Largest Bank (State Bank of India) | 1800 209 9345 / 022 6854 5555 | Mumbai Branch → |
| SMC Global INZ000199438 (Stock Broker) | CDSL & NSDL DP | National Full-Service Broker with 2,500+ Franchisees & Sub-Brokers | 1800 11 0909 / 011 6607 5200 | Mumbai Branch → |
| Sharekhan INZ000171337 (Stock Broker) | CDSL & NSDL DP | 2,400+ Branches & Franchisee Partner Outlets in 575+ Indian Cities | 1800 22 7500 / 022 2575 3200 | Mumbai Branch → |
| Swastika Investmart INZ000192732 (Stock Broker) | CDSL & NSDL DP | Extensive Central India Branch & Franchisee Network | 0731 664 4000 / 0731 664 4200 | Mumbai Branch → |
| Tradejini INZ000160938 (Stock Broker) | CDSL DP | Discount Broker with Bengaluru Support & Execution Desks | 080 4020 4020 | Mumbai Branch → |
| Upstox INZ000185137 (Stock Broker) | CDSL DP | Digital Brokerage with Regional Support Centers | 022 4179 2999 | Mumbai Branch → |
| Ventura Securities INZ000211636 (Stock Broker) | CDSL & NSDL DP | Branch Network & Authorized Representative Outlets Across Western India | 022 6754 0600 | Mumbai Branch → |
| YES Securities INZ000185632 (Stock Broker) | NSDL & CDSL DP | YES Bank 3-in-1 Banking & Broking Branch Network | 1800 120 1221 / 022 6884 1888 | Mumbai Branch → |
| Zerodha INZ000031633 (Stock Broker) | CDSL DP | Digital-First with Regional Partner Desks | 080 4718 1888 / 080 7117 5333 | Mumbai Branch → |
SEBI Regional Office & Grievance Desk
Investors residing in Mumbai are protected under SEBI regulatory oversight. For broker default or unaddressed complaints, contact:
Jurisdiction Address:
SEBI Bhavan, BKC, Bandra East, Mumbai 400051
SEBI Bhavan, BKC, Bandra East, Mumbai 400051
Online resolution portal: SEBI SCORES 2.0
Offline Demat & KYC Guide in Mumbai
- Physical Share Demat: Fill Demat Request Form (DRF) and submit original certificates to your broker branch.
- Non-Individual Accounts: HUF, Partnership, and Corporate accounts require branch In-Person Verification (IPV).
- Nomination Updates: Add or modify up to 3 nominees online or by physical submission at branch desks.
SEBI Registered Intermediaries in Mumbai
| Entity Name | Category | SEBI Reg No | Registered Address |
|---|---|---|---|
| Registered Intermediary | commodity_broker | SEBI Registered | 1201, East Point, B-wing, 12th Floor, 90 feet road, Mumbai |
| Registered Intermediary | commodity_broker | SEBI Registered | AJMERA HOUSE, 4th Floor PATHAKWADI, MUMBAI CITY, |
| Registered Intermediary | commodity_broker | SEBI Registered | R-701,ROTUNDA BUILDING BOMBAY SAMACHAR MARG FORT MUMBAI CITY |
| Registered Intermediary | commodity_broker | SEBI Registered | 603, SANJAR ENCLAVE, OPP MILAP CINEMA, KANDIVALI WEST, MUMBAI |
| Registered Intermediary | commodity_broker | SEBI Registered | 405 & 406 ROXY CHAMBERS, MAMA PARMANAND RD GIRGAON Opera House, Mumbai |
| Registered Intermediary | commodity_broker | SEBI Registered | Singh House 3rd Floor, Ambalal Doshi Marg,Haman Street, Mumbai |
| Registered Intermediary | commodity_broker | SEBI Registered | CENERGY,7 FLOOR, APPASAHEB MARATHE MARG PRABHADEVI, MUMBAI CITY |
| Registered Intermediary | commodity_broker | SEBI Registered | Aadinath Commercial, Opposite. Mumbai University Vasant Valley Road, Khadakpada |
| Registered Intermediary | commodity_broker | SEBI Registered | 27BKC, C 27 G BLOCK, BANDRA KURLA COMPLEX, BANDRA E, MUMBAI CITY, |
| Registered Intermediary | commodity_broker | SEBI Registered | 203, EMBASSY CENTRE, NARIMAN POINT, MUMBAI |
| Registered Intermediary | commodity_broker | SEBI Registered | PG-4,Rotunda Bldg., Dalal Street, Mumbai |
| Registered Intermediary | commodity_broker | SEBI Registered | B-2, 302, Marathon Innova, Ganpatrao Kadam Marg, Peninsula Corporate Park, Lower Parel (W) Mumbai |
| Registered Intermediary | commodity_broker | SEBI Registered | 84/85, APOLLO HOUSE, 2ND FLOOR, ROOM NO.12, MUMBAI SAMACHAR MARG, FORT |
| Registered Intermediary | commodity_broker | SEBI Registered | 1004, A Wing, Naman Midtown, 10th Floor, Senapati Bapat Marg, Prabhadevi West, Mumbai |
| Registered Intermediary | commodity_broker | SEBI Registered | 17, GROUND FLOOR, NOBLE CHAMBERS GHOGA STREET, JANMABHOOMI MARG,FORT,MUMBAI |
Frequently Asked Questions
Which stock brokers have local branches or support desks in Mumbai?
Major national full-service brokers including Angel One, Motilal Oswal, Sharekhan, ICICI Direct, Kotak Securities, and SBI Securities operate physical branch offices and authorized person desks in Mumbai. Digital discount brokers like Zerodha and Groww offer 100% paperless e-KYC onboarding with courier-based demat services.
Can I open an offline Demat account in Mumbai?
Yes. Investors without an Aadhaar-linked mobile phone or those requiring Non-Individual (HUF, Corporate) demat accounts can complete physical paper KYC and In-Person Verification (IPV) at broker branch offices in Mumbai.
How can I submit physical share certificates for dematerialisation in Mumbai?
You can submit original share certificates along with a signed Demat Request Form (DRF) at local branch desks of full-service brokers or courier them directly to the centralized depository processing center of your chosen broker.
Where is the nearest SEBI office for Mumbai investors?
Investors in Mumbai fall under the jurisdiction of: SEBI Bhavan, BKC, Bandra East, Mumbai 400051. For unresolved grievances, complaints can also be registered online via the SEBI SCORES 2.0 portal.
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