India's Investor Base Soars to 12.5 Crore by 2025; Maharashtra Leads

• India's unique registered investors reached 12.5 crore by December 2025, with 1.6 crore new additions.
• Maharashtra leads with 1.975 crore investors, followed by Uttar Pradesh (1.447 crore) and Gujarat (1.07 crore).
• Western and Northern states are the main contenders in the country's investor base, showing strong annual growth.
• Retail investor participation is continuously increasing, driven by growing business awareness and digitalization.
• Tamil Nadu leads South India with 70 lakh investors, recording an 18% annual growth.

Why It Matters: India's stock market investor base is rapidly expanding, driven by digitalization and awareness.