Sat. Jul 13th, 2024
Upstox Registers 1 Million Customers; Aims to Double by December 2020, online news, july 8th Delhi :● The company has added over 6.5 lakh customers since October 2019 Currently, almost 75% of the total customer base is below the age of 35
Mumbai: July 08, 2020: Upstox (also known as RSKV Securities India Pvt Ltd ), one of India’s
leading and fastest-growing brokerage firms, today announced that it has acquired over 1
million customers. The brokerage firm aims to double the number by December 2020.
Since October 1, 2019, the firm has added more than 6.5 lakh new customers. This growth
comes on the back of customers’ word of mouth, aggressive market outreach, and the
consistent hard work towards making the platform robust and easy for everyone to use.
Upstox has been instrumental in providing a hassle-free and affordable trading experience
to all its customers. Over the last year, Upstox has on-boarded a large number of digitally-
savvy traders from non-metro cities. Over 80% of the total customer base acquired by the
company are from Tier-2 and Tier-3 cities like Nashik, Jaipur, Guntur, Patna, Kannur,
Tiruvallur & Nainital and among others. Currently, almost 75% of the total customer base is
below the age of 35. Upstox was also appreciated by CDSL for the historic achievement for
opening highest number of accounts of customers in December 2019.
(Source : Exchange Data)
Ravi Kumar, Co-Founder of Upstox, said, “Upstox’s customer base now extends beyond the
1 million mark and this is much more than just a milestone. These growing numbers
represent the trust and confidence that traders & investors are showing in us. We’re
grateful that more than a million traders are a part of Upstox’s journey of becoming one of
India’s biggest brokerage firms. We’re working hard to build a product that addresses the
needs of every evolving trader with brilliant customer experience. We will, as always, strive
to ensure that we live up to this trust by merging modern technology with customer-
prioritized services to offer a platform that caters to every kind of investor and trader. In
doing this, we believe we will double our customer base and acquire the next million
customers by December 2020.”
Upstox is committed to developing and releasing new services and features, to keep up the
pace with the ever-evolving customer needs and the changing trading landscape.
About Upstox:
Upstox was founded with the vision of making financial investing easy, equitable, and
affordable to all Indian investors. It offers online investments in stocks, derivatives,
commodities, currencies, mutual funds and ETFs for both professional traders and investors.
It has also ensured full transparency in pricing by offering zero brokerage* on equity
delivery trades and up to Rs. 20 per order* for intraday, F&O, commodities, and currencies.

RKSV Securities India Private Limited
Registered Office: 807, New Delhi House, Barakhamba Road
Connaught Place, New Delhi-110001. CIN: U74900DL2009PTC189166
Tel/Fax: 23753793-94, 23318038-39
E-mail:, Compliance Officer:
RKSV Securities: NSE/BSE- INZ000185137| CDSL: IN-DP-CDSL- 00282534 | NSDL: IN-DP-NSDL-11496819 |CDSL: IN-DP-CDSL- 00283831 | NSDL: IN-

Corporate Address
30 th Floor, Sunshine Tower,
Senapati Bapat Marg,
Dadar (West)

The uniquely global-Indian model of Upstox is strongly reflective of the Indian-American
antecedents of its co-founders, who bring their knowledge and experience of working in
both the Indian and US financial markets.
Upstox ensures that its clients reap the benefits of a high-tech online trading platform and
the best-in-class services every step of the way—from the time they open an account to
executing trades and beyond. The company will continue to be driven by its guiding
principle of making trading in stock markets simple and affordable for all.
For media queries, contact:
Upstox: Ashvini | +91 98195 36108 |
SEBI Registration No. INZ000185137. The brand name Upstox and logo are the registered
trademarks of RKSV Securities India Pvt. Ltd.
Memberships: NSE / BSE INZ000185137 Registered Address: 807, New Delhi House
Barakhamba Road, Connaught Place, New Delhi- 110001.