COMPANY INTELLIGENCE PROFILE
Zerodha Broking Limited
India's largest retail stockbroker by active clients and net worth; debt-free, fully bootstrapped, promoted by Nithin & Nikhil Kamath.
India's largest retail stockbroker, this unlisted public limited company is active in financial and insurance services, specifically securities broking. Promoted by Nithin and Nikhil Kamath, it operates as a discount stockbroker and is recognized for its significant share of active clients and high net worth. The firm saw a decline in revenue and profit in FY2024-25 but maintains a strong financial position with no borrowing and remains fully bootstrapped.
AI-generated, may contain errors.
Business Overview
- Discount stock-broking
- NSE/BSE trading member across equities, F&O, currency and commodity. Largest broker by earnings and net worth
- ~68.8 lakh NSE active clients (~15% share) per ICRA Apr-2026.
Sector & Classification
Financial & insurance services — securities broking (~NIC K66); exact 5-digit not obtained
Directors & Key Management
Directors — source notes
Nithin Kamath (DIN 03142935, MD); Nikhil Kamath (03142938, WTD); Seema Patil (03441620); Venu Madhav Kota Subramanya (06686794, WTD); Omprakash Parasmal Jain (00435635); Vasanth Kumar Jayapal (02406629); Santosh Tirumal Hegde (03380709); Karthik Rangappa (03596015, Addl.)
GST Registrations
| GSTIN | State | PAN |
|---|---|---|
| 29AABCZ2616B1ZK | — | AABCZ2616B |
GST — source notes
Primary GSTIN 29AABCZ2616B1ZK (Karnataka, Active, Regular, reg 07-Nov-2018); PAN AABCZ2616B. #registrations disputed (TheCompanyCheck 10 / KnowYourGST 3) — partial.
Financials
Zerodha Broking Limited reported standalone revenue of ₹8,834.5 Cr for FY2024-25, marking an 11% decline. EBITDA stood at ₹5,624.5 Cr and PAT at ₹4,231.6 Cr, down 23%. The company has a net worth of ₹16,611.2 Cr, total assets of ₹42,651.9 Cr, and no borrowings.
AI-generated, may contain errors.
| FY2024-25 standalone (audited) | Revenue ~₹8,834.5 Cr (Tofler)/₹8,868 Cr (TCC), down ~11% |
| EBITDA | ₹5,624.5 Cr |
| PAT | ₹4,231.6 Cr (down ~23%) |
| Net worth | ₹16,611.2 Cr |
| Total assets | ₹42,651.9 Cr |
| Borrowings Nil. | |
Funding History
- Fully bootstrapped; never raised external equity. 100% promoter (Kamath) owned.
Loans & Charges
- No RoC charges registered — debt-free, TheCompanyCheck, Tofler.
Credit Ratings
- No ZBL-specific rating obtained, debt-free, likely unrated. NOTE: group entity Zerodha Capital Pvt Ltd carries ICRA [ICRA]A1+ — not attributable to ZBL.
Legal & Compliance
- No material litigation for ZBL confirmed via Indian Kanoon this pass; NSE/BSE trading member; press notes client complaints re outages (Jun-2024) but nothing material verified.
Competitive Landscape
- India's largest retail discount broker by active clients. Key competitors: Groww, largest by active clients ~FY25
- Angel One, listed; ~₹5,000 Cr rev
- Upstox (RKSV)
- ICICI Direct
- 5paisa
- Dhan.
Frequently Asked Questions
What does the company do?
The company is India's largest retail stockbroker by active clients and net worth. It is a discount stock-broking firm and an NSE/BSE trading member across equities, F&O, currency, and commodity.
What is the company's CIN?
The company's CIN is U65929KA2018PLC116815.
What is the company's GSTIN?
The company's primary GSTIN is 29AABCZ2616B1ZK and it is registered in Karnataka as active and regular since 07-Nov-2018.
When was the company incorporated?
The company was incorporated on 07-Nov-2018.
Where is the company's registered office located?
The company's registered office is located at 153/154, 4th Cross, 4th Phase, Dollars Colony, Opp. Clarence School, J.P. Nagar, Bangalore, Karnataka 560078.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.