Historical Performance Summary Report: Zerodha 2023

In the ever-changing domain of India’s financial sector, Zerodha emerges as a notable exemplar of innovation and transformation. Founded in 2010 by Nithin Kamath and Nikhil Kamath, Zerodha has significantly influenced traditional brokerage models.

The Zerodha story is not just about the company itself but also symbolizes the broader entrepreneurial dynamism within India’s financial markets.

As we explore Zerodha’s historical performance in greater depth, we will examine how it fits among its peers and competitors, influencing the financial services industry’s evolving standards.

What is the Historical Performance Summary Report?

Historical Performance Summary Report is our endeavor to delve deeper into a company’s market performance across the years, all through the lens of data. As a robust data intelligence platform, these reports serve as a testament to the capabilities of the PrivateCircle Research.

Why Zerodha?

The Indian broking startup completed 13 years of operations in late September 2023. This anniversary was also the first instance when Zerodha’s founder estimated the company’s valuation at ₹30,000 cr along with reporting another profitable financial year.

Zerodha’s journey mirrors the broader transformation occurring within India’s financial services sector. The firm’s introduction of brokerage-free equity investments marked a shift towards democratizing market access.

Innovative platforms like Kite, Connect, and APIs have reshaped the landscape of trading and investment in India.

Historical Performance Summary Report: Zerodha 2023 — ^{_{Click on this banner to access PrivateCircle Research.}}

Presently, Zerodha holds the distinction of being India’s largest discount brokerage by revenue, contributing 15% of all retail trading volumes and boasting over 6.48 million customers as of September 2023.

Zerodha 2023: Revenue Growth (₹ cr).

Zerodha Revenue has experienced consistent growth over the years, primarily driven by revenue from brokerage sales, user onboarding collections, and the sale of its premium tech products such as Kite, Connect, APIs. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

The company’s ability to maintain profitability in an environment where many startups grapple with financial sustainability underscores its business acumen.

Zerodha 2023: PAT (₹ cr).

Zerodha has a profit of ₹2,094.4 cr for the FY 2022, at a time when most Indian startups are struggling to reach profitability. All of this was through sale of its services, for which it charges a small fee. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

The Kamath brothers, who continue to lead the company, maintain majority shares, reflecting their vision and dedication.

Zerodha 2023: Diluted Shareholding.

Nithin Kamath and Nikhil Kamath, the founders of Zerodha are the majority shareholders in the company. Kamath brothers started India's first online brokerage firm Zerodha in 2010. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

Zerodha’s impact extends beyond profitability, with initiatives like Rainmatter promoting fintech innovation and supporting pioneering startups.

Zerodha 2023: Employee Count.

The number of employees at Zerodha has been steady between 2020 to 2023. However, in mid-2019, there was a decrease in the employee count which could be because of factors like changes in business strategy, economic conditions, industry shifts, or labor turnover. — ^{_{Click on the graph to access the responsive iframe and download the data or the image.}}

Zerodha Peers

Billionbrains Garage Ventures Private Limited (Groww ) with Revenue ₹14.3 Bn FY 2023 and 3-yr CAGR 536.22% FY 2023
RKSV Securities India Private Limited (Upstox) with Revenue ₹7.8 Bn FY 2022 and 3-yr CAGR 115.57% FY 2022

Conclusion

Looking ahead, India’s financial sector is poised for continuous transformation. Innovation, accessibility, and sustainability will be the key drivers.

As Zerodha stands among its peers and competitors, its journey will be closely watched for insights into the evolving standards and trends within the industry. The dynamic nature of the sector promises exciting developments and opportunities for entrepreneurs, investors, and market participants.

We eagerly anticipate the unfolding chapters in this remarkable narrative and the enduring impact of Zerodha in India’s financial landscape.

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