Zerodha: number of clients 2022 | Statista (2024)

FAQs

Zerodha: number of clients 2022 | Statista? ›

In fiscal year 2022, the Indian financial services company Zerodha, had over six million active customers.

The platform is shattering the traditional brokerage model despite not being a pure play-zero brokerage player. Zerodha has around 6.3 million active users as of August 2023, according to NSE data.

Zerodha's active user base remained stable at 6.40 million. ET had on September 25 written about how Groww was racing ahead of the rivals. Zerodha had been the top stockbroker since 2019.

While Zerodha offers free equity delivery, Upstox charges a lower 2.5% or Rs 20, making Zerodha a better long-term investment option. For intraday trades, Upstox and Zerodha charge a maximum brokerage of Rs 20. However, there is a catch for small traders. Zerodha charges a lower 0.03% or Rs 20 than Upstox.

The business model of Zerodha works on a 'low margin and high volume model. ' Zerodha charges a very minimal amount to the traders for transactions, because of which the trading volume is generally high. This fee collection of smaller amounts from a larger number of clients leads to good revenue generation for Zerodha.

SUMMARY. 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.

It's important for investors to conduct their own research and understand the risks associated with investing in the stock market. Overall, Zerodha is considered safe for buying stocks, but investors should always exercise caution and make informed decisions before investing their money.

Zerodha entered the Unicorn club based on its self-assessed valuation of $1 billion. Nithin Kamath, in one of his interviews with Raj Shamani, mentioned that the period of 2010 was not favorable for starting a stock broking firm.

Groww surpasses Zerodha in active clients, but Zerodha leads in revenue. Groww has overtaken Zerodha to become India's largest stockbroker with a substantial 66.3 lakh active clients, surpassing Zerodha's 64.8 lakh, as per NSE data.

Zerodha and Groww both are discount brokerage firms, both provide competitive fee structure. The only difference is Intra-day brokerage. Groww Charges 0.05% or 20Rs whichever lower, where as Zerodha charges little lower 0.03% or 20Rs whichever lower.

Who owns Zerodha? ›

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".

No, only one trading account can be opened with one PAN with one broker. However, a new non-individual trading and demat account, in the name of a company, partnership firm, LLP or HUF can be opened even if one holds an individual account with the same broker.

Zerodha Cons (Disadvantages)

Doesn't provide stock tips, research reports or recommendations. Monthly unlimited trading plans are not available. Lifetime free AMC demat account plans are not available. An additional charge of Rs 50 per executed order for MIS/BO/CO positions which are not square off by the customer.

Zerodha valued itself at $3.6 billion or ₹30,000 crore which is an almost 80 per cent spike from a self-assessed valuation of $2 billion in 2021 when the firm announced a ₹200 crore employee stock ownership plan (ESOP) buyback plan.

The company was adding close to 250,000 customers every month, showcasing its dominance in the retail brokerage sector. 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 had 6.48 million active users as of September. The change in pecking order is significant, considering how Groww built up its business seven years after Zerodha started operations, and particularly over the past two years.

Zerodha has a base of more than 12 lakh (1.2 million) of active customers. The company also offers commodity trading through its wholly owned subsidiary, Zerodha Commodities Pvt. Ltd.