Zerodha - Company Profile - Tracxn (2024)

FAQs

How many employees does Zerodha have? ›

Zerodha employs 1,001 to 5,000 employees in India.

Why choose Zerodha. Zerodha is among the largest discount brokers in India with a wide range of products and free equity delivery. It is a good choice for beginner investors because of its easy-to-use trading platforms.

Yes, Zerodha is a legitimate stock brokerage firm in India. It is registered with SEBI, CDSL and all major stock exchanges in India. As with other popular brokers, Zerodha works under the regulations laid by SEBI and RBI.

The company was founded in August 2010 by two brothers Nithin and Nikhil Kamath. The company's name Zerodha, indicates a combination of words for the company's ideals: Zero and "Rodha", the Sanskrit word for "barrier".

You have three years from when the company closed to claim your money, stocks, and shares. The amount of money in your trade account is paid out. If you lost money, you might not get it back because there were still open spots or deals.

About Zerodha

It is also an official member of NSE's consultative committee for growing business. They offer a host of products for the public for investing and managing finances. Zerodha is now India's biggest Stockbroker and is also debt-free.

For a PIS account (NRE-PIS, NRO-PIS), the following banks can be linked: HDFC Bank. IndusInd Bank. IDFC FIRST Bank.

Is Nikhil Kamath a billionaire? ›

Nikhil Kamath, aged 37, is India's youngest billionaire, valued at $3.1 billion, according to Forbes 2024. His elder brother, Nithin Kamath, 44, is worth $4.6 billion. Nikhil, a school dropout, entered trading after starting at a call center. Co-founding Zerodha in 2010 transformed their fortunes.

Nithin and Nikhil Kamath-led stock broking platform Zerodha's net profit rose 37% to INR 2,908.9 Cr in the financial year 2022-23 (FY23) from INR 2,120.3 Cr in the previous fiscal year as the business continued seeing strong growth.

If a broker were to run away, close down, or engage in misconduct, investors can claim compensation from this fund. The maximum amount that can be claimed directly from SEBI's investor protection fund is up to 25 lakh rupees.

Zerodha charges a commission on all intraday trades. However, compared to full-service brokers that charge a percentage of the trade value, Zerodha limits its brokerage. They charge a full brokerage of ₹20 per transaction irrespective of how large the transaction is.

The Legal Trading Apps in India

These apps are regulated by the Securities and Exchange Board of India (SEBI) and follow all the necessary guidelines and regulations set by the government. Some of the popular legal trading apps in India include Zerodha, Upstox, and 5Paisa.

Hello, World! TLDR: 30 member tech team formed over seven years built India's largest stock broker.

The online stockbroker held a market share of 19.6 per cent at the end of FY23 and its daily average turnover, according to the National Stock Exchange (NSE), was Rs 2,000 crore.

Zerodha has only 30 people in their tech team and on the other hand there are smaller companies (smaller in terms of userbase, revenue etc) but they have a much bigger team. Rumor is that coin was built by a single dev. I'm not sure if this is true or just a baseless rumor.

Online stockbroker Zerodha values itself at about Rs 30,000 crore, or about $3.6 billion. While the Bengaluru-headquartered company has never raised private capital, it makes public its valuation estimates for its employee stock option buyback programmes.