COMPANY INTELLIGENCE PROFILE
Zerodha Broking Limited
Discount stock-broking; NSE/BSE trading member across equities, F&O, currency and commodity.
Business Overview
Discount stock-broking; NSE/BSE trading member across equities, F&O, currency and commodity. Largest broker by earnings and net worth; ~68.8 lakh NSE active clients (~15% share) per ICRA Apr-2026.
Sector & Classification
Financial & insurance services — securities broking (~NIC K66); exact 5-digit not obtained
Directors & Key Management
Directors — source notes
Nithin Kamath (DIN 03142935, MD); Nikhil Kamath (03142938, WTD); Seema Patil (03441620); Venu Madhav Kota Subramanya (06686794, WTD); Omprakash Parasmal Jain (00435635); Vasanth Kumar Jayapal (02406629); Santosh Tirumal Hegde (03380709); Karthik Rangappa (03596015, Addl.)
GST Registrations
Primary GSTIN 29AABCZ2616B1ZK (Karnataka, Active, Regular, reg 07-Nov-2018); PAN AABCZ2616B. #registrations disputed (TheCompanyCheck 10 / KnowYourGST 3) — partial.
Financials
FY2024-25 standalone (audited): Revenue ~₹8,834.5 Cr (Tofler)/₹8,868 Cr (TCC), down ~11%; EBITDA ₹5,624.5 Cr; PAT ₹4,231.6 Cr (down ~23%); Net worth ₹16,611.2 Cr; Total assets ₹42,651.9 Cr; Borrowings Nil.
Funding History
Fully bootstrapped; never raised external equity. 100% promoter (Kamath) owned.
Loans & Charges
No RoC charges registered — debt-free (TheCompanyCheck, Tofler).
Credit Ratings
No ZBL-specific rating obtained (debt-free, likely unrated). NOTE: group entity Zerodha Capital Pvt Ltd carries ICRA [ICRA]A1+ — not attributable to ZBL.
Legal & Compliance
No material litigation for ZBL confirmed via Indian Kanoon this pass; NSE/BSE trading member; press notes client complaints re outages (Jun-2024) but nothing material verified.
Competitive Landscape
India's largest retail discount broker by active clients. Key competitors: Groww (largest by active clients ~FY25); Angel One (listed; ~₹5,000 Cr rev); Upstox (RKSV); ICICI Direct; 5paisa; Dhan.
Frequently Asked Questions
What does Zerodha Broking Limited do?
Discount stock-broking; NSE/BSE trading member across equities, F&O, currency and commodity.
What is the CIN of Zerodha Broking Limited?
Zerodha Broking Limited's Corporate Identification Number (CIN) is U65929KA2018PLC116815.
When was Zerodha Broking Limited incorporated?
Zerodha Broking Limited was incorporated on 25 September 2018 and is registered with RoC-Bangalore (Karnataka).
Who are the directors of Zerodha Broking Limited?
Directors on record include Nithin Kamath (DIN 03142935); Nikhil Kamath (DIN 03142938); Seema Patil (DIN 03441620); Venu Madhav Kota Subramanya (DIN 06686794); Omprakash Parasmal Jain (DIN 00435635); Vasanth Kumar Jayapal (DIN 02406629); Santosh Tirumal Hegde (DIN 03380709); Karthik Rangappa (DIN 03596015).
Where is Zerodha Broking Limited registered?
The registered office of Zerodha Broking Limited is at 153/154, 4th Cross, 4th Phase, Dollars Colony, Opp. Clarence School, J.P. Nagar, Bangalore, Karnataka 560078.
Information compiled from public registry and secondary sources (as of 2026-07-28). It may be incomplete or dated; verify independently before relying on it. Known gaps: GSTIN registration count conflict (3 vs 10); promoter % split; 5-digit NIC; ZBL-specific rating; verified litigation.