India's Most Valuable Companies 2025 edition · Source: Hurun India
- Valuation
- ₹86,660 Cr
- 1-year change
- -1%
2024 #80 2023 #81 2022 #136
Zerodha Broking Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹8,868.21 Cr
▼ 11% YoY
Net profit · FY 2025
₹4,236.72 Cr
Net margin 47.8%
EBITDA · FY 2025
₹5,642.51 Cr
EBITDA margin 63.6%
Authorised capital
₹112 Cr
Registered with MCA
Paid-up capital
₹73.47 Cr
Issued & subscribed
Open charges
₹1,500 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
1,154
Provident fund records
About Zerodha Broking Limited
Data last updated:
Zerodha Broking Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 25 September 2018 and has been in existence for over 8 years.
Its director Nithin Kamath and family are #45 among India's richest people (2026). Its director Nikhil Kamath is #67 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65929KA2018PLC116815. Its GSTIN is 29AABCZ2616B1ZK (Karnataka). The company holds 12 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹112 Cr and a paid-up capital of ₹73.47 Cr. It is led by directors including Nithin Kamath (Managing Director) and Venu Madhav Kota Subramanya (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 153/154 4th Cross 4th Phase Dollars Colony Opposite Clarence School, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2025, the company reported a revenue of ₹8,868.21 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹4,236.72 Cr (net margin 47.8%) and EBITDA of ₹5,642.51 Cr (EBITDA margin 63.6%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years.
The company has about 1,154 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Zerodha Fund House and Zerodha. As per MCA filings, the company has open charges of ₹1,500 Cr on record. Court records list 74 cases involving the company, including 7 filed by the company and 25 filed against it; 37 cases are pending. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹3.38 Cr; the latest was in March 2023. Its 10 peer companies in the BFSI industry (Broking Services) are compared by revenue, 5 larger and 5 smaller; the largest is Kanjalochana Finserve Private Limited with revenue of ₹13,494 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zerodha.com.
Company Details of Zerodha Broking Limited
CIN U65929KA2018PLC116815
Registration Number 116815
Incorporation Date 25 September 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Nithin Kamath Managing Director Venu Madhav Kota Subramanya Whole-Time Director Nikhil Kamath Whole-Time Director Recognitions & Rankings of Zerodha Broking
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #45 Nithin Kamath & family ₹59,000 Cr
- #67 Nikhil Kamath ₹39,900 Cr
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address153/154 4th Cross 4th Phase Dollars Colony Opposite Clarence School, Bangalore, Karnataka, India – 560078
- IndustryFinancial Services, Brokerage & Trading Services
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Associated Brands with Zerodha Broking Limited
Zerodha Broking operates two associated brands: Zerodha Fund House and Zerodha. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides online index funds and ETFs for Indian investors' wealth building. | zerodhafundhouse.com | |
| Equity investments, broking services, and trading platforms are offered. | zerodha.com |
Business Activity of Zerodha Broking Limited
The main business activity of Zerodha Broking is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Zerodha Broking Limited FY 2025 filings available
Zerodha Broking Limited reported revenue of ₹8,868.21 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹8,868.21 Cr ▼ 11%
Net profit · FY 2025
₹4,236.72 Cr margin 47.8%
EBITDA · FY 2025
₹5,642.51 Cr margin 63.6%
Compounded Annual Growth Rate (CAGR) of Zerodha Broking Limited
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 26%
Revenue fell 11% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 10% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Zerodha Broking Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5,642.51 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4,236.72 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Zerodha Broking Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 63.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 47.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Zerodha Broking are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
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Verified entity values are shown only after access is granted.
Board of Directors of Zerodha Broking Limited
Zerodha Broking has 8 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Omprakash Parasmal Jain Also directs: Bo & Co LLP, Ledger Services Private Limited | Director | 16 Jun 2021 | 5 Years 4 Months | Current |
| Vasanth Kumar Jayapal | Director | 21 Oct 2021 | 5 Years 0 Months | Current |
| Venu Madhav Kota Subramanya Also directs: Cegs Foundation, Peakst8 Private Limited | Whole-Time Director | 23 Mar 2020 | 6 Years 6 Months | Current |
| Nithin Kamath Also directs: True Beacon Investment Advisors LLP, Nksquared Solutions LLP, Kamath Technology LLP and 5 more | Managing Director | 25 Sep 2018 | 8 Years 0 Months | Current |
| Nikhil Kamath Also directs: True Beacon Investment Advisors LLP, Nksquared Solutions LLP, Kamath Technology LLP and 5 more | Whole-Time Director | 25 Sep 2018 | 8 Years 0 Months | Current |
| Seema Patil Also directs: Zerodha Capital Private Limited, Straddle Capital Private Limited, Zerodha Commodities Private Limited and 1 more | Whole-Time Director | 25 Sep 2018 | 8 Years 0 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer Comparison of Zerodha Broking Limited
Zerodha Broking Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kanjalochana Finserve Private Limited | ₹13,494 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Mumbai, Maharashtra, India |
| Zaveri and Company Private Limited | ₹12,873 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Ahmedabad, Gujarat, India |
| Yuga Stocks & Commodities Private Limited | ₹12,723 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Indore, Madhya Pradesh, India |
| Genev Capital Private Limited | ₹11,729 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| 24Carat Capital Markets Private Limited | ₹9,062.92 Cr (FY 2025) | •••• | •••• | 133.0% | •••• | Mumbai, Maharashtra, India |
| Zerodha Broking Limited this company | ₹8,868.21 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Bangalore, Karnataka, India |
| Silver Line Ventures Private Limited | ₹8,804.31 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Indore, Madhya Pradesh, India |
| Motilal Oswal Financial Services Limited Listed | ₹8,417.22 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Graviton Research Capital LLP | ₹7,764.31 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Gandhinagar, Gujarat, India |
| Dil Exim Commodities Private Limited | ₹7,008.04 Cr (FY 2025) | •••• | •••• | 59.0% | •••• | Rajkot, Gujarat, India |
| Khandwala Enterprise Private Limited | ₹6,703.2 Cr (FY 2018) | •••• | •••• | 21.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Zerodha Broking by revenue in the BFSI industry (Broking Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Zerodha Broking Limited
Zerodha Broking Limited is audited by R A N K & Associates for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R A N K & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Zerodha Broking Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Zerodha Broking Limited
Open charges
₹1,500 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 May 2026 | Others | ₹1,500 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Zerodha Broking Limited
Zerodha Broking Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹3.38 Cr; the latest was in March 2023.
Total deals
2
Rights issue
1
Funding round
1
Disclosed funding
₹3.38 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Funding round | ₹3.38 Cr | Investors: 2 individuals |
| Mar 2019 | Rights issue | ₹70 Cr | Investors: Austin Global Ventures Private Limited , 3 individuals |
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Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Zerodha Broking Limited
Zerodha Broking Limited has 74 court cases on record: 7 filed by Zerodha Broking, 25 filed against it, 42 where it is another party. 37 cases are pending and 37 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Total cases
74
Filed by the company
7
Filed against the company
25
Pending
37
Disposed
37
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 62 | 24 | 30 |
| High courts | 12 | 1 | 7 |
Cases on record (5 of 74)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Court case (S.O.P) | Filed against the company by an individual | Pending |
| District court, Rangareddy, Telangana | Court case (S.O.P) | Filed against the company by an individual | Pending |
| District court, Hyderabad CCC, Telangana | Court case (S.O.P) | Filed against the company by an individual | Pending |
| District court, North Tripura, Tripura | Court case (CM Succession) | Filed against the company by an individual | Pending |
| District court, Tiruvallur, Tamil Nadu | Petition | Filed against the company by an individual | Pending |
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Full case history
All 74 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Zerodha Broking Limited
Zerodha Broking Limited has a workforce of 1,154 employees as of Oct 16, 2025.
Employee count
1,154
Active EPFO establishments
1
Employee growth
4.62%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Zerodha Broking Limited
Zerodha Broking Limited has 15 board changes on record since 2018: 8 appointments and 7 cessations. The latest: Karthik Rangappa was appointed as Additional Director on 23 Dec 2025.
Charges
A charge with Others amounted to Rs. 1,500.00 Cr with Charge ID 101292059 was registered on 13 May 2026.
Appointed
Karthik Rangappa was appointed as Additional Director.
AGM
Zerodha Broking Limited last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Appointed
Santosh Tirumal Hegde was appointed as Director.
Filing
Zerodha Broking Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Shrikant Pandit ceased to be Director.
Appointed
Vasanth Kumar Jayapal was appointed as Director.
Ceased
Omprakash Jain Parasmal ceased to be Additional Director.
Ceased
Karthik Somanathan ceased to be Director.
Appointed
Omprakash Parasmal Jain was appointed as Director.
Ceased
Seema Patil ceased to be Director.
Ceased
Venu Madhav Kota Subramanya ceased to be Director.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Zerodha Broking Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Zerodha Broking Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Zerodha Broking Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Zerodha Broking Limited
Zerodha Broking has 12 GST registrations: 1 active and 11 cancelled or inactive.
Total GSTINs
12
Active
1
Cancelled / inactive
11
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCZ2616B1ZK | Karnataka | Active | 07 Nov 2018 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Zerodha Broking Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Zerodha Broking Limited
Zerodha Broking is an active public limited company based in Bangalore, Karnataka, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 25 September 2018 (8+ years old) and is registered under CIN U65929KA2018PLC116815.
Zerodha Broking reported revenue of ₹8,868.21 Cr for FY 2025 (down 11% YoY).
Zerodha Broking has 8 current directors:
- Nithin Kamath - Managing Director
- Venu Madhav Kota Subramanya - Whole-Time Director
- Nikhil Kamath - Whole-Time Director
- Seema Patil - Whole-Time Director
- Omprakash Parasmal Jain - Director
- Vasanth Kumar Jayapal - Director
- Karthik Rangappa - Additional Director
- Santosh Tirumal Hegde - Director
Zerodha Broking reported a net profit of ₹4,236.72 Cr (net margin 47.8%) and EBITDA of ₹5,642.51 Cr (EBITDA margin 63.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Zerodha Broking is 21% over three years. In the latest year (FY 2025) revenue fell 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Zerodha Broking is 29AABCZ2616B1ZK, registered in Karnataka. The company has 12 GST registrations in all, of which 1 is active and 11 are cancelled or inactive.
The CIN (Corporate Identification Number) of Zerodha Broking is U65929KA2018PLC116815. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zerodha Broking has 74 court cases on record: 7 filed by the company and 25 filed against it. 37 are pending. Most are in the district courts.
Zerodha Broking was incorporated on 25 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Zerodha Broking has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹3.38 Cr; the latest was in March 2023.
The peers of Zerodha Broking by revenue are Kanjalochana Finserve Private Limited, Zaveri and Company Private Limited, Yuga Stocks & Commodities Private Limited, Genev Capital Private Limited, 24Carat Capital Markets Private Limited and 5 more, all in the BFSI industry (Broking Services).