A COMBINATION of words ‘Zero’ and ‘Rodha,’ Sanskrit for ‘barrier,’ Zerodha has been true to its name when it comes to serving common investors. Founded in 2010 by Nikhil Kamath and elder brother, Nithin, Zerodha has emerged as a disruptor in retail category by offering discount brokerage. It has more than one crore retail subscribers who account for over 15% retail volumes in Indian stock market.
Last fiscal, it managed an asset base of ₹3 lakh crore, making it India’s largest retail-focused broker. In FY23, Zerodha reported revenue of ₹6,875 crore and profit after tax of ₹2,907 crore. The company had reported ₹4,964 crore revenue and ₹2,000 crore profit in previous year. Nikhil is India’s youngest billionaire with a net worth of $3.1 billion, according to Forbes Billionaires List 2024.
In 2021, he co-founded Gruhas, a venture capital fund, with Abhijeet Pai. He is also involved with various organisations and foundations such as Rainmatter, Giving Pi, Bridgespan, British Asian Trust and YUVA. — Rajiv Ranjan Singh