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Zerodha

Zerodha: A Bengaluru-based Brokerage Giant Zerodha Broking Ltd, headquartered in Bengaluru, has rapidly ascended to become a dominant force in India's financial services sector. Founded and bootstrapped by brothers Nithin and Nikhil Kamath, the company provides a comprehensive electronic trading platform catering to both institutional and retail clients. Their services encompass a wide range of financial instruments, including stocks, derivatives, currencies, commodities, mutual funds, and bonds. Zerodha's membership with prominent exchanges such as the National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX) underscores its credibility and reach. The company's impressive growth trajectory is reflected in its client base: as of May 2024, it boasts 7.5 million active customers registered with the NSE, securing its position as the second largest stockbroker in India. This substantial market share highlights Zerodha's success in leveraging technology to provide accessible and efficient trading solutions to a broad spectrum of investors. The company's continued expansion signifies its significant influence within India's evolving financial landscape.

Zerodha Overview

Image Source : Wikipedia
  • Company type Private
  • Industry Financial services
  • Founded August 2010
  • Founders Nithin Kamath, Nikhil Kamath
  • Headquarters Bengaluru, Karnataka, India
  • Services Equity trading, Derivatives trading, Currency trading, Commodity trading, Mutual funds
  • Revenue ₹9,372 crore (US$1.1 billion) (FY24)
  • Net income ₹5,496 crore (US$630 million) (FY24)
  • Website www.zerodha.com

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Zerodha history

Last Updated : 19/03/25, 01:25 PM
Zerodha: A Decade of Disruption in India's Brokerage Landscape Founded in August 2010 by brothers Nithin and Nikhil Kamath, Zerodha’s name, a blend of "zero" and the Sanskrit word for "barrier," reflects its founding principles. The company rapidly gained traction, focusing on technology and client accessibility. By 2019, it surpassed ICICI Securities to become India's largest retail stockbroker by active client base, contributing significantly to daily retail trading volumes. This growth trajectory propelled Zerodha to unicorn status in June 2020, achieving a self-assigned valuation of approximately $1 billion following an ESOP buyback. Its customer base experienced phenomenal expansion, jumping from 1.3 million in early 2020 to nearly 10 million by the end of 2022. Expanding beyond its brokerage services, Zerodha applied for an Asset Management Company (AMC) license in 2020, culminating in the launch of its mutual fund house in 2023. This diversification signifies Zerodha's ambition to consolidate its position within India's financial services sector. The company's success highlights a disruption of the traditional brokerage model through technological innovation and customer-centric strategies.
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