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Zerodha

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Zerodha
Zerodha Logo
Type of site
Private
Founded2010 August; 10 years ago (2010 August)
Headquarters
Bangalore, Karnataka
,
India
Founder(s)Nithin Kamath
Nikhil Kamath
CEONithin Kamath
IndustryStock Broker
ProductsKite, Coin, Console, Varsity
ServicesEquity Trading,
Derivatives Trading,
Currency Trading,
Commodity Trading ,
Mutual Funds,
Employees1100+[1]
SubsidiariesZerodha Commodities Pvt. Ltd.
Websitezerodha.com
Alexa rankIncrease 260 (Global, September 2020)
Users9 lakh+[2]

Zerodha is an Indian financial service company (member of NSE, BSE, MCX, MCX-SX),[3][4] that offers retail and institutional broking, currencies and commodities trading, mutual funds, and bonds. Founded in 2010,[5] the company is headquartered in Bangalore and has physical presence in several major Indian cities.[6][7][8]

As of 2019, Zerodha was the largest retail stock broker in India by active client base, and contributes upwards of 2% of daily retail volumes across Indian stock exchanges.[9]

In June 2020, Zerodha entered the unicorn club with a self-assessed valuation of about $1 Billion. This valuation was based on the ESOP buyback exercise the company undertook valuing each share at more than four times of the book value of INR 700 per share. [10]

Business model[edit]

A flat fee of a maximum of Rs 20 is applied to a trade, irrespective of its size, and it offers an array of purpose built trading applications to its retail customers.[11]

Corporate affairs[edit]

Zerodha has a client base of 12 lakh[12] customers.[13][14] The company offers commodities trading via its wholly owned subsidiary, Zerodha Commodities Pvt. Ltd.[15]

It has won the "Economic Times Startup Awards 2016" in the "Bootstrap Champ" category.[16] The company also won the BSE-D&B "Emerging Equity Broking House Award" in 2014 and 2015, and the NSE "Retail Broker of the Year" award in 2018.[17]

Rainmatter[edit]

Founded in 2014, Rainmatter was founded as an early-stage fund with a corpus of Rs. 50 Crore. By keeping the ticket size lower than $1 Million per investment, the fund has focused on minimizing risk but focus on funding start-ups in the field of new technology and new product development. Some notable investments of Rainmatter are in start-ups like Cred, Finception, Smallcase and Sensibull.[18][19][20]

True Beacon and Mutual Fund AMC[edit]

In 2019, Zerodha started True Beacon, the Alternative Investment Fund focused on giving returns in volatile markets through their defensive investment strategy. The $2 Million minimum investment fund has been able to generate a return in excess of 13% in its first year. In 2020, Zerodha has applied for a license to establish a Mutual Fund AMC in India.[18][21][22]

Technical glitches and outages[edit]

There have been multiple reports of technical issues including glitches, system outages and connectivity problems on Zerodha's Kite platform, especially on days with high market volatility and F&O expiry days.[23][24][25][26]

See also[edit]


Other articles of the topic Companies : GLV Group, Danphone, Nandani Creation Limited, Croldy, Lurento, Broken Goblet Brewing Company, Brewstr
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  • List of companies of India
  • Robinhood_(company)

References[edit]

  1. ↑ "30 Under 30: Nikhil Kamath - Chess to derivatives, all in a day's work". Forbes. Retrieved 2016-09-21.
  2. ↑ "Zerodha faces 2nd snag in 6 months; leaves traders miffed". Retrieved 24 July 2020 – via The Economic Times.
  3. ↑ Barbora, Lisa Pallavi (12 April 2013). "Advantage customers: providers shift focus". Mint. HT Media. Retrieved 11 April 2015.
  4. ↑ "Bengaluru broking firm Zerodha scraps fee for cash trades; rivals miffed by move". The Economic Times. 2015-12-02. Retrieved 2015-12-02.
  5. ↑ Baruah, Ayushman. "Zerodha Trade Winds of Change". BW Businessworld. Retrieved 2017-01-26.
  6. ↑ "Zerodha opens its Ahmedabad support center". The Economic Times. Retrieved 2013-08-01.
  7. ↑ Thomas, Tanya (2017-01-04). "Active accounts: discount brokers gain market share". The Hindu Business Line. Retrieved 2017-08-12.
  8. ↑ "Technology helps us unleash innovation in the capital markets: Zerodha CTO Kailash Nadh". Economic Times. 2018-04-03. Retrieved 2018-08-11.
  9. ↑ "Zerodha replaces biggies as largest broker in India - Times of India". The Times of India. Retrieved 2019-01-12.
  10. ↑ "Zerodha Claims Unicorn Valuation In ESOPs Buyback Plan". Inc42 Media (in Latina). 2020-06-22. Retrieved 2020-06-25.
  11. ↑ "Here's how Zerodha became India's biggest stock brokerage - Times of India". The Times of India. Retrieved 2019-08-24.
  12. ↑ "Nithin and Nikhil Kamath: Code Zero". Forbes India. 2018-09-21. Retrieved 2018-09-28.
  13. ↑ "Average daily turnover surges in both F&O and cash segments; HNIs also get into the mix". Economic Times. 2015-03-12. Retrieved 2015-04-09.
  14. ↑ "Broking startup Zerodha to enter non-banking finance space and expand overseas". The Economic Times. 2015-09-03. Retrieved 2015-09-28.
  15. ↑ "Zerodha commodities". Retrieved 24 July 2020.
  16. ↑ "ET Startup Awards 2016: How the Bootstrap Champ Zerodha is taking investment to the masses". The Economic Times. 2016-01-12. Retrieved 2016-01-19.
  17. ↑ ""Zerodha – India's best retail brokerage for 2018" by NSE". Zerodha blog. 2018-12-04.
  18. ↑ 18.0 18.1 Kamath, Shashank (2020-06-17). "Zerodha: More than a discount-broking company". A Word To The World. Retrieved 2020-06-22.
  19. ↑ www.ETtech.com. "Zerodha's Rainmatter invests Rs 4 crore in Finception - ETtech". ETtech.com. Retrieved 2020-06-22.
  20. ↑ Bhakta, Pratik (2019-11-14). "Zerodha steps up as angel investor". The Economic Times. Retrieved 2020-06-22.
  21. ↑ "Zerodha applies for mutual fund license". The Economic Times. 2020-02-20. Retrieved 2020-06-22.
  22. ↑ "Amidst Dismal Market Performance True Beacon's Impressive Debut". The Week. Retrieved 2020-06-22.
  23. ↑ "Will Zerodha compensate investor losses caused by tech glitch?". Livemint. Retrieved 19 March 2020.
  24. ↑ "Zerodha server down due to connectivity issue, management clarifies". Moneycontrol. Retrieved 19 March 2020.
  25. ↑ "Unplugged, Zerodha not to depend on leased lines". Business Line. Retrieved 19 March 2020.
  26. ↑ "Zerodha's Kite platform faces technical issues". CNBC TV18. Retrieved 19 March 2020.


This article "Zerodha" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Zerodha. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

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