- At 17, Nithin Kamath managed his father’s trading account, later traded with a salary of Rs 8000. In 2001, he got his big break. 🙌
- In January 2004, Nithin worked as a sub-broker for Reliance Money. The 2008 market crash led to a 5 lakh rupees loss for him. 🤯
- Seeing an opportunity when he lost his sub-broker business in 2008, Nithin founded Zerodha in 2010, offering a flat fee of Rs 20 for trading. 🚀
- Zerodha’s innovative approach gained momentum. By 2014, Nithin launched Zerodha Varsity, offering free education on stock trading during his journey as a founders at work. ✅
- In 2015, Zerodha introduced the one-click trading platform “Kite,” reaching 100,000 active accounts by 2016. 📉
- Zerodha’s growth continued with the 2017 launch of “Coin,” a direct mutual fund platform. By 2018, Coin had 1.5 lakh investors and doubled Zerodha’s revenue to 350 CR. 📈
- Zerodha reached 10 lakh users in 2019, becoming India’s largest stockbroking company by volume. On August 4, 2020, it became a unicorn with a revenue of 1100 CR and a profit of 430 CR. 🦄
Presently, Zerodha boasts over 65 lakh active clients, generating a revenue of 6875 CR and a profit of 2907 CR last year. Valued at over 30,000 CR, its success is immeasurable with over 10 lakh customers referring each other. 🙌