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Upstox
3.8
based on 154 Reviews
Company Overview
Company Locations
Working at Upstox
Company Summary
Operates as a retail brokerage firm, providing online trading solutions with a flat pricing model to facilitate securities and commodities trading.
Overall Rating
3.8/5
based on 154 reviews
On-Par
with industry average
Critically rated for
Promotions, Work satisfaction
Work Policy
Hybrid
62% employees reported
Monday to Friday
61% employees reported
Flexible timing
72% employees reported
No travel
69% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
8 employees reported
Health insurance
6 employees reported
Cafeteria
2 employees reported
Free meal
1 employee reported
View detailed benefits
About Upstox
Upstox (Rebranded from RKSV) is a retail brokerage firm for trading securities and commodities. Offers online trading software (mobile and web) for free, and charges a flat monthly trading fee. Also offers zero-commission pricing model, with a flat charge of Rs 20 per order traded. As of Feb 2016, the company had 50,000 active traders and had a daily traded turnover of INR 6,000 crore. Raised $4M in funding led by Kalaari Capital, GVK Davix, Ratan Tata, and other investors in Feb 2016
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Upstox Ratings
based on 154 reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
65
4
39
3
27
2
6
1
17
Category Ratings
3.7
Salary
3.6
Job security
3.5
Work-life balance
3.5
Skill development
3.4
Company culture
3.3
Work satisfaction
3.2
Promotions
Upstox is rated 3.8 out of 5 stars on AmbitionBox, based on 154 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Upstox
based on 136 reviews
3.5
Rated by 36 Women
Rated 3.5 for Salary and 3.4 for Company culture
3.9
Rated by 100 Men
Rated 3.8 for Salary and 3.6 for Work-life balance
Work Policy at Upstox
based on 16 reviews in last 6 months
Hybrid
62%
Permanent work from home
19%
Work from office
19%
Upstox Reviews
Top mentions in Upstox Reviews
+ 5 more
Compare Upstox with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 154 reviews | 4.2/5 based on 126 reviews | 3.9/5 based on 372 reviews | 3.8/5 based on 217 reviews |
Highly Rated for | No highly rated category | Skill development Company culture Salary | Company culture Skill development Work-life balance | Company culture Job security |
Critically Rated for | Promotions Work satisfaction | No critically rated category | No critically rated category | Promotions |
Primary Work Policy | Hybrid 62% employees reported | - | Work from office 87% employees reported | Work from office 76% employees reported |
Rating by Women Employees | 3.5 Good rated by 36 women | 3.6 Good rated by 21 women | 4.0 Good rated by 107 women | 3.7 Good rated by 68 women |
Rating by Men Employees | 3.9 Good rated by 100 men | 4.3 Good rated by 94 men | 3.8 Good rated by 205 men | 3.8 Good rated by 137 men |
Job security | 3.6 Good | 3.8 Good | 3.6 Good | 3.8 Good |
View more
Upstox Salaries
Upstox salaries have received with an average score of 3.7 out of 5 by 154 employees.
Customer Service Executive
(43 salaries)
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₹1.1 L/yr - ₹3.4 L/yr
Senior Software Engineer
(21 salaries)
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₹14.3 L/yr - ₹55 L/yr
Software Development Engineer II
(21 salaries)
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₹21 L/yr - ₹45 L/yr
Sales Executive
(20 salaries)
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₹1.5 L/yr - ₹4 L/yr
Product Manager
(19 salaries)
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₹18 L/yr - ₹50 L/yr
Customer Support Executive
(17 salaries)
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₹1.6 L/yr - ₹3.3 L/yr
Software Engineer
(14 salaries)
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₹9 L/yr - ₹23 L/yr
Technical Lead
(13 salaries)
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₹26.4 L/yr - ₹44.4 L/yr
Software Developer
(12 salaries)
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₹9.5 L/yr - ₹29.4 L/yr
Team Lead
(11 salaries)
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₹2.2 L/yr - ₹5.5 L/yr
Upstox Interview Questions
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Upstox Jobs
Upstox News
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Stockbroking startup Upstox reports 25% jump in revenue to Rs 1,311 crore in FY24; net profit at Rs 190 crore
- Upstox, an online brokerage platform, reported a 25% increase in revenue to Rs 1,311 crore in the fiscal year ended March 2024.
- The net profit for the same period surged eightfold to Rs 190 crore.
- Upstox's focus on product innovation and a wider range of investment options has attracted retail investors, particularly from Tier 2 and Tier 3 cities.
- Competing with giants like Zerodha and Groww, Upstox aims to become India's most trusted financial partner.
ISN | 1 Feb, 2025
Upstox profit jumps 8X as revenue tops Rs 1,300 Cr in FY24
- Online brokerage platform Upstox reported an eightfold surge in net profit to Rs 190 crore for the fiscal year ended March 2024.
- Revenue climbed 25% year-over-year to Rs 1,311 crore, driven by increased retail investor activity and product diversification.
- Upstox expanded its user base to 17 million, with 85% of customers from smaller Indian cities.
- The company introduced new offerings such as insurance products, fixed deposits, government securities, and corporate bonds, and launched UpNews, a digital financial news service.
Yourstory | 31 Jan, 2025
Upstox’s FY24 Revenue Jumps 25% YoY To INR 1,311 Cr
- Upstox's revenue for FY24 increased by 25% YoY to INR 1,311 Cr.
- The company reported a net profit of INR 190 Cr, excluding ESOP costs.
- Upstox claims to have 1.7 Cr users, with a significant customer base from Tier II, III cities.
- The company aims to become India's most trusted financial partner.
Inc42 | 31 Jan, 2025
Groww’s Active User Base Jumps To 1.32 Cr In December 2024
- Investment tech platform Groww extended its lead over Zerodha in December 2024.
- Groww's active client base rose to 1.32 Cr, while Zerodha's declined.
- Angel One retained its third position, while Upstox and Dhan also saw increases in their active user bases.
- Overall, the total active users in the public markets stood at 5.02 Cr in December.
Inc42 | 15 Jan, 2025
Groww Extends Lead Over Zerodha With 1.3 Cr Active Users In Nov
- Investment tech startup Groww strengthened its lead in the broking space with 1.29 Cr active users in November.
- Zerodha ranked second with 81.25 Lakh active users, followed by Angel One, Upstox, Dhan, INDMoney, and Paytm Money.
- Groww has maintained its top position since September 2023 and has doubled its active user base.
- Despite leading in active users, Zerodha outperforms Groww financially with a higher net profit and operating revenue.
Inc42 | 12 Dec, 2024
Groww nears 13 million active users in November
- Groww, a new-age wealth management platform, added 2,82,577 new users in November.
- Zerodha holds the second spot with 8.12 million active users.
- Angel One is in third place with 7.63 million active clients, while Upstox is in fourth place with 2.87 million active users in November.
- In terms of revenue, Zerodha is ahead of Groww, with a topline of ₹8,320 crore in FY24.
HinduBusinessLine | 11 Dec, 2024
Stride Ventures Floats Fourth Fund With $300 Mn Target Corpus
- Venture debt firm Stride Ventures has launched its fourth fund with a target corpus of $300 Mn.
- The fund aims to provide financial assistance to startups across different sectors for their growth.
- Stride Ventures has surpassed a $1 Bn commitment for its first venture debt growth fund.
- The fund has made significant investments in startups such as BlueStone, Upstox, Moneyview, and Ola Electric.
Inc42 | 11 Dec, 2024
Groww expands lead over Zerodha with 12.59 Mn active users in October
- Groww, a Bengaluru-based stock broker, has surpassed 12.59 million active traders in October, adding around 350,000 users in a single month.
- Groww overtook Zerodha, its closest competitor, in October last year and has maintained the top position since then.
- Angel One, with 7.53 million users, may surpass Zerodha in the future, while Upstox ranked fourth with 2.85 million users.
- In terms of revenue, Zerodha had the highest revenue in FY24 at Rs 8,370 crore, followed by Angel One at Rs 4,272 crore.
Entrackr | 11 Nov, 2024
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Upstox FAQs
When was Upstox founded?
Upstox was founded in 2011. The company has been operating for 14 years primarily in the FinTech sector.
Where is the Upstox headquarters located?
Upstox is headquartered in Mumbai,Maharashtra.
How many employees does Upstox have in India?
Upstox currently has more than 1,400+ employees in India. Engineering - Software & QA department appears to have the highest employee count in Upstox based on the number of reviews submitted on AmbitionBox.
Does Upstox have good work-life balance?
Upstox has a Work-Life Balance Rating of 3.5 out of 5 based on 100+ employee reviews on AmbitionBox. 68% employees rated Upstox 4 or above, while 32% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Upstox work-life balance reviews for more details
Is Upstox good for career growth?
Career growth at Upstox is rated as moderate, with a promotions and appraisal rating of 3.2. 32% employees rated Upstox 3 or below, while 68% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Upstox promotions/appraisals reviews for more detailed insights.
What are the cons of working in Upstox?
Working at Upstox does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal and work satisfaction, based on 100+ employee reviews on AmbitionBox.
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