Educational Disclaimer
Prepared under the FinOptions Financial Modeling Training Program for educational purposes only. This report is not investment advice or a commercial solicitation.
Prepared By: Arpit Jain, Arya Jain, Ashi Jain.
Overview
Zerodha is India’s leading bootstrapped discount brokerage founded in 2010 by Nithin Kamath and Nikhil Kamath. The company offers an integrated financial ecosystem through Zerodha Broking, Zerodha Capital, and Zerodha Fund House.
🔗 Website: https://zerodha.com/
Key Highlights
- Active Clients: 6.85+ million
- NSE Market Share: 15.29%
- Customer Assets: ₹6 lakh crore+
- Debt: Nil
- Cash Reserves: ₹22,679 crore
Core Platforms
- Kite: Trading platform
- Coin: Direct mutual funds
- Console: Portfolio & tax reports
- Varsity: Free investor education
Financial Snapshot
| Particulars | FY24 | FY25 |
|---|---|---|
| Revenue | ₹9,372 Cr | ₹8,847 Cr |
| Net Profit | ₹4,700 Cr | ₹4,237 Cr |
| EBITDA Margin | 55.3% | 63.8% |
Growth Businesses
- Zerodha Capital: Loan AUM ₹38,500 Cr, Zero NPA
- Zerodha Fund House: AUM ₹5,385 Cr, 8 lakh+ investors
Competitive Position
Zerodha remains one of India’s most profitable brokers, competing with Groww, Angel One, Upstox, and Motilal Oswal.
Why This Report Is Useful
Covers financial modeling, fintech analysis, profitability, market share, lending, passive investing, and competitive positioning.
