India 2023
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India 2023

The 34th annual Asiamoney Brokers Poll is a Vox Populi poll that identifies the leading brokerages for equities research, sales and trading in Asia. Voters are institutional investors who represent fund management firms, wealth managers, hedge funds, pension funds, and insurance companies that trade in Asia.

Expanded rankings and additional team and brokerage categories for this poll beyond what we publish is available for purchase.

Please contact Marcus Langston at marcus.langston@euromoney.com for our data packages, logo usage rights and other marketing opportunities.

Brokers

Best domestic brokerages

Rank Firm
1 Avendus Spark
2 Kotak Securities
3 Motilal Oswal
   

Best international brokerages

Rank Firm
1 Jefferies
2 Haitong International
3 HSBC
   

Best domestic brokerages for research

Rank Firm
1 Avendus Spark
2 Kotak Securities
3 Motilal Oswal
   

Best international brokerages for research

Rank Firm
1 Jefferies
2 Haitong International
3 HSBC
   

Best domestic brokerages for sales

Rank Firm
1 Avendus Spark
2 Motilal Oswal
3 B&K Securities
   

Best international brokerages for sales

Rank Firm
1 Jefferies
2 Haitong International
3 HSBC
   

Best brokerages for corporate access

Rank Firm
1 Motilal Oswal
2 B&K Securities
3 Kotak Securities
   

Best brokerages for execution

Rank Firm
1 Motilal Oswal
2 Avendus Spark
3 B&K Securities
   

Most transformed brokerages

Rank Firm
1 Avendus Spark
2 Motilal Oswal
3 Haitong International
   

Best brokerages for ESG research

Rank Firm
1 Kotak Securities
2 Nuvama Wealth Management
3 Motilal Oswal

Individuals

Best strategist

Rank Name Firm
1 Sanjeev Prasad Kotak Securities 
     

Best economist

Rank Name Firm
1 Madhavi Arora Emkay Global 
     

Best quantitative/ technical Analyst

Rank Name Firm
1 Abhilash Pagaria Nuvama Wealth Management
     

Best analysts for thematic strategy

Rank Name Firm
1 Gautam Duggad Motilal Oswal 
     

Best analyst for ESG

Rank Name Firm
1 Sandeep Gupta Kotak Securities 
     

Best analyst for small/mid caps

Rank Name Firm
1 Sumant Kumar Motilal Oswal 
     

Best analyst for automobiles & components

Rank Name Firm
1 Nitij Mangal Jefferies 
     

Best analyst for banks

Rank Name Firm
1 Nitin Aggarwal Motilal Oswal 
     

Best analyst for consumer discretionary

Rank Name Firm
1 Tejash Shah Avendus Spark 
     

Best analyst for consumer staples

Rank Name Firm
1 Manoj Menon  ICICI Securities 
     

Best analyst for energy

Rank Name Firm
1 Sabri Hazarika Emkay Global 
     

Best analyst for financials (non-banking)

Rank Name Firm
1 Hitesh Gulati Haitong International 
     

Best analyst for healthcare

Rank Name Firm
1 Rahul Jeewani IIFL Securities 
     

Best analyst for industrials

Rank Name Firm
1 Harshit Patel Equirus Securities 
     

Best analyst for infrastructure

Rank Name Firm
1 Prem Khurana AnandRathi 
     

Best analyst for materials

Rank Name Firm
1 Prateek Kumar Jefferies 
     

Best analyst for media

Rank Name Firm
1 Karan Taurani Elara Securities 
     

Best analyst for metals & mining

Rank Name Firm
1 Ritesh Shah Investec Capital Services 
     

Best analyst for real estate

Rank Name Firm
1 Samar Sarda Axis Capital 
     

Best analyst for software & services

Rank Name Firm
1 Kawalijeet Saluja Kotak Securities
     

Best analyst for technology hardware & equipment

Rank Name Firm
1 Mukul Garg Motilal Oswal 
     

Best analyst for telecommunication services

Rank Name Firm
1 Sanjesh Jain ICICI Securities 
     

Best analyst for transportation & logistics

Rank Name Firm
1 Alok Deora Motilal Oswal 
     

Best analyst for utilities

Rank Name Firm
1 Mohit Kumar ICICI Securities 
     

Best salesperson

Rank Name Firm
1 Kishor Binwal Avendus Spark 
     

Best sales trader 

Rank Name Firm
1 Anil Jhawar B&K Securities 
     

Best corporate access personnel

Rank Name Firm
1 Mamta Singh Motilal Oswal 

Individuals who left their firm between the end of the polling period and when the results were published are indicated with (*). Ties are indicated with (=).

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