Gujarat has become the third Indian state, after Maharashtra and Uttar Pradesh, to surpass one crore unique stock market investors. This milestone reflects the state’s growing participation in equity markets and investor awareness.

Key Points:

• Gujarat crossed the one crore investor mark in May 2025, according to data released by the National Stock Exchange (NSE).
• The state now contributes around 8.7% of India’s total registered investor base, which stands at approximately 11.5 crore.
• Maharashtra, Uttar Pradesh, and Gujarat together account for 36% of India’s equity market investors.
• Gujarat's investor base has grown fivefold in a decade, from around 20 lakh in 2015 to over 1 crore in 2025.
• After a brief slowdown, May 2025 saw a strong rebound with over 11 lakh new investor registrations in Gujarat, reflecting renewed retail interest.