Zerodha Broking Limited
🌍 Indian · Founded August 15, 2010
About
Zerodha Broking Limited is a leading Indian financial services company and retail stockbroker headquartered in Bengaluru, India. Founded in August 2010 by the brothers Nithin Kamath and Nikhil Kamath, the company fundamentally disrupted the Indian retail investing landscape by introducing a low-cost discount brokerage model. Its unique name combines "Zero" with "Rodha", the Sanskrit word for barrier, reflecting its core mission to eliminate hurdles for ordinary retail traders. Unlike legacy stockbrokers that charged percentage-based commission fees, Zerodha introduced flat-fee structures for intraday trading and made long-term equity delivery completely free. Remarkably, the firm scaled into a highly profitable unicorn enterprise while remaining completely bootstrapped without any external venture capital or private equity investments. Under the technical guidance of chief technology officer Dr. Kailash Nadh, Zerodha built a highly efficient proprietary tech stack. Its core ecosystem features Kite, a high-frequency trading platform, Coin for direct mutual funds, and Varsity, a prominent financial education platform. By 2019, Zerodha grew to become the largest retail stockbroker in India by active user base. In addition to its retail brokerage services, the company drives expansion across the Indian fintech and wealth ecosystem through its startup incubator and fund Rainmatter, alternative investment fund True Beacon, and the Zerodha Fund House asset management venture.
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Company Founded
Zerodha was launched by Nithin and Nikhil Kamath in Bengaluru, introducing India's first flat-fee discount broking platform.
Launched Rainmatter
Established Rainmatter, a fintech fund and incubator aimed at backing early-stage startups and capital market technology.
Scrapped Equity Delivery Fees
Zerodha eliminated all brokerage charges for long-term equity delivery investments, significantly increasing its retail market share.
Won ET Startup Award
Recognized with the Economic Times Startup Award in the 'Bootstrap Champ' category for scaling efficiently without venture funding.
Largest Broker in India
Overtook legacy commercial banks and institutional brokers to become the largest retail stockbroker in India by active client count.
Launched Zerodha Fund House
Partnered with financial infrastructure platform Smallcase to launch a joint asset management company focused on passive index mutual funds.
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All data sourced from verified public references.