Upstox (upstox.com) is an Indian online brokerage and wealth–management platform that currently employs about 186 people. Recent staffing data shows 30 new hires alongside 35 employee exits, indicating active workforce realignment as the company scales its trading, research, and technology offerings. The headcount mix suggests a balance between product innovation, core brokerage operations, and customer support functions.
Business Management is the largest team at Upstox with 50 employees, representing roughly one-quarter of the company’s staff and underscoring the operational focus required in a regulated financial services environment. Engineering follows closely at 47 employees, highlighting the importance of platform stability and new feature development, while the Marketing & Product group adds another 41 team members dedicated to user acquisition and experience. Smaller yet critical functions include Information Technology, Sales & Support, Human Resources, Finance & Administration, Banking & Wealth Management, and a specialized Publishing and Editorial arm, each ensuring compliance, client service, and brand communication. Overall, the distribution points to a company that invests heavily in both technology and business operations to support its trading customers.
Nearly half of Upstox’s employees (about 48 %) are based in Mumbai, the firm’s primary hub for product, operations, and brokerage functions. Bengaluru hosts around 22 % of the workforce, reflecting the city’s deep technology talent pool. The remaining employees are distributed across several Indian metros—Thane, Chennai, Delhi, Pune, Hyderabad, Kolkata, and Noida—plus a contingent working remotely or in other locations. This multi-city footprint enables Upstox to tap into diverse talent markets while maintaining proximity to major financial centers and customers.