Verified employee & interview reviews

Zerodha Reviews

Bengaluru, Karnataka

—/ 5

0 reviews

Zerodha is an Indian financial services company and brokerage firm headquartered in Bengaluru, Karnataka. Founded on August 15, 2010, by brothers Nithin and Nikhil Kamath, the company pioneered the discount brokerage model in India. Its name is a combination of the word "Zero" and "Rodha," the Sanskrit word for barrier, reflecting its mission to break down hurdles for traders and investors regarding cost, support, and technology. The company operates primarily as an online platform, facilitating the trading of stocks, derivatives, currencies, commodities, mutual funds, and bonds. It is a member of major Indian exchanges, including the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX). Zerodha gained significant traction by offering commission-free equity delivery investments and a flat fee of ₹20 for intraday and F&O trades, regardless of the transaction size. This disruptive pricing model helped it become India's largest retail stockbroker by active client base in 2019, overtaking traditional bank-based brokerages. Zerodha's growth has been achieved without external funding, making it one of India's most successful bootstrapped startups. In June 2020, it attained "unicorn" status with a self-assigned valuation of approximately $1 billion. As of 2024, the company serves over 1.6 crore clients, contributing more than 15% of all Indian retail trading volumes. Financially, the company has shown robust performance; for the fiscal year 2024, it reported a consolidated revenue of ₹9,372 crore and a net income of ₹5,496 crore. The firm is known for its in-house technology stack, led by CTO Dr. Kailash Nadh. Its ecosystem includes various proprietary platforms: Kite, a sleek web and mobile trading application; Coin, a direct mutual fund investment platform; Console, a central dashboard for portfolio reporting; and Varsity, an extensive educational initiative to improve financial literacy. Beyond brokerage, Zerodha has expanded into other financial verticals. It launched Zerodha Fund House in 2023, an asset management company focusing on index funds, in partnership with Smallcase. Its fintech fund and incubator, Rainmatter, has invested in over 30 startups to grow the Indian capital markets. The company is led by Nithin Kamath as CEO and Nikhil Kamath as CFO. Registered as Zerodha Broking Limited, the company remains private and closely held by the Kamath family, maintaining a philosophy of transparency and high-quality user experience without aggressive marketing or gamification.