Who owns Zerodha?
Sons of a middle-class Canara Bank employee, the Kamath brothers, in a little over a decade, have become a force to reckon with on India's financial landscape, having built Zerodha with zero external capital.
Zerodha co-founder Nithin Kamath's net worth
The Founder and Chief Executive Officer of Zerodha, Nithin Kamath's net worth stands at US $2.7 billion (INR 22,166 crores), according to Forbes.
Based in Bangalore, Karnataka, Kamath is a successful serial entrepreneur who recently earned the title of India's youngest billionaire according to Forbes.
India's Kamath Brothers Thrive On Moves To Disrupt Share Trading. Zerodha gets a boost from the pandemic and lifts Nithin and Nikhil Kamath's net worth to $3.45 billion.
| Stock Name | Holders Name | Holding Percent |
|---|---|---|
| RBL Bank Ltd. | Zerodha Broking | 1.26% |
| Federal Bank Ltd. | Zerodha Broking Limited | 1.19% |
| CarTrade Tech Ltd. | Zerodha Broking | 1.18% |
| PVR INOX Ltd. | Investor holds below 1% |
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.
The reason behind Zerodha's success, besides the first-mover advantage, is that it adhered to a philosophy of not chasing growth at any cost. “We never started a year saying we need to get to these many users. That's also a reason why we didn't go for external funding.
Mir Osman Ali Khan was the first billionaire of independent India. Born in April 1886, Mir Osman Ali Khan was the last Nizam of the Princely State of Hyderabad, which at that time was the largest princely state in British ruled India.
Mukesh Ambani tops the list with a net worth of $83.4 billion, Forbes says.
Mr Mukesh Ambani, the Managing Director and Chairman of Reliance Industries, is India's wealthiest individual. As reported by Forbes, Reliance Industries has a revenue of over Rs 8 lakh crore ($104 billion). It is involved in diverse sectors such as petrochemicals, oil and gas, retail, telecom, and more.
Is Zerodha an Indian company?
Zerodha is an Indian financial services company (member of NSE, BSE, MCX) that offers brokerage-free equity investments, retail, institutional broking, currencies, and commodities trading. Founded in 2010, the company is headquartered in Bangalore and has a presence in nine Indian cities.
Kamath, 35, becomes only the fourth Indian to join this esteemed community, and also holds the distinction of being the youngest Indian ever to be a part of 'The Giving Pledge'. Share: Nikhil Kamath, co-founder of Zerodha, became the country's youngest billionaire to be part of 'The Giving Pledge'.
One such difficult yet inspiring journey is of Seema Patil, wife of Zerodha co-founder Nithin Kamath, who was diagnosed with breast cancer in November last year.
ICICIdirect offers more than 50 products and services like equity, mutual funds, derivatives, futures and options currency, commodity, ETF, insurance, IPOs, corporate fixed deposits, loans, NPS, wealth management, corporate services, NRI services, portfolio management services, global investment, financial learning, ...
Both Upstox and Zerodha are popular online discount brokers. Upstox is better than Zerodha in following ways: Upstox provides access to 3rd party trading software like Dartstock, NEST Trader and Fox Trader for advance traders. Zerodha only offers Kite as a trading platform.
At present, Zerodha does not facilitate investments in stocks listed on foreign stock exchanges. Still need help?
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.
“There has been some noise about the hacking incidents at Zerodha. Here is some data: Out of the ~65lk customers who traded with us last year, we have ~100 complaints of fraud. ~ 80 where login details were shared willingly & ~20 where email was hacked (all Rediffmail IDs),” Kamath tweeted.
| Pros | Cons |
|---|---|
| • Low fees | • Slow account opening process |
| • Great trading platforms | • Only Indian market covered |
| • Solid research | • No investor protection |
How much does Zerodha earn per day?
According to the NSE, Zerodha's daily average turnover is ₹2000 crores.
Therefore, when it comes to the security of the shares in your demat account with Zerodha, you do not need to worry at all. The stockbrokers are just the agents of depositories. Your stocks are actually held by central depositories and not by the depository participants (brokers).
Despite being bootstrapped and founded in 2010, Zerodha was valued at $2 billion (Rs 15,612 crores) in 2022. In this article, we will explore Nithin's lifestyle, education, net worth, salary, and more.
In 2021, it was in the news that Zerodha founders would be paid Rs 100 crore each annually. According to Times Now, Zerodha's board passed a special resolution clearing a basic monthly salary of Rs 4.7 crore and other allowances, bringing the total remuneration to Rs 300 crore every year.
"Zerodha is slated to clock revenue/PAT at Rs 55 billion/25 billion (+10/12% YoY) in FY23E. Core revenue, at Rs 43 billion (net of pass-through charges), comprises brokerage/float income/other charges at 63/27/10% FY23E," the report said.
The Kamath brothers founded Zerodha in 2010. Zerodha is a trading application whose USP is that it charges very less money as a fee. In 2023, the company registered a profit of Rs 2094 crore. Nithin Kamath and Nikhil Kamath reportedly earn a salary package of Rs 100 crore each.
Founded in August 2010, online trading firm Zerodha became the country's largest stockbroker in 2019 with nearly 8.5 lakh active clients. On Wednesday, its founder and CEO Nithin Kamath revealed key reasons behind the success of the firm. He said the company was able to grow because of all the referrals from its users.
The stockbrokers are just the agents of depositories. Your stocks are actually held by central depositories and not by the depository participants (brokers). Therefore, even if something didn't work out well with Zerodha, your stocks in the demat account are safely intact with CDSL.
He co-founded Zerodha with his brother Nikhil Kamath in 2010. Zerodha provides brokerage services for dealing in stocks, currencies and commodities. In 2019, Zerodha became largest stock broker of India. Today, Zerodha has 10 million clients.
The highest-paying job at Zerodha is a Derivatives Trader with a salary of ₹34.9 Lakhs per year. The top 10% of employees earn more than ₹10 lakhs per year. The top 1% earn more than a whopping ₹72.48 lakhs per year.
How many people use Zerodha in India?
In fiscal year 2022, the Indian financial services company Zerodha, had over six million active customers. This was a significant increase compared to the previous fiscal year. Zerodha was established in 2010 and offered a host of services including currencies and commodities trading, mutual funds and bonds.
Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by Upstox, Angel One, ICICIdirect and Groww. No records found. Share brokers are authorized members of the stock exchanges (i.e.
Largest stock broker in India
1+ Crore Zerodha clients contribute to over 15% of all retail order volumes in India daily by trading and investing in: Futures and Options.
How rich is Nikhil Kamath? All about Zerodha co-founder and one of the youngest philanthropists.
- Reliance Industries: Total wealth of $79.3 billion. ...
- Shapoorji Pallonji Group: Total wealth of $28.4 billion. ...
- Aditya Birla Group: Total wealth of $15.5 billion. ...
- OP Jindal Group: Total wealth of $14.4 billion. ...
- Hinduja Group: Total wealth of $14.0 billion.
Story highlights. Here's everything you need to know about Kaivalya Vohra, the co-founder of Zepto who is India's youngest self-made billionaire. Kaivalya Vohra, 19, the co-founder of Indian grocery company Zepto, is the youngest richest Indian as per the IIFL Wealth Hurun India Rich List of 2022.
