Sunday, February 9, 2025

Zerodha Hits Major Milestone: 1.6 Crore Users Managing ₹6 Lakh Crores in Assets

Money & Market

In a remarkable achievement, Zerodha, India’s largest stock brokerage firm by active retail clients, has surpassed a significant milestone of 1.6 crore (16 million) users.

The platform now manages assets worth an astounding ₹6 lakh crores, cementing its position as a dominant player in India’s financial ecosystem.

The Bengaluru-based firm, which pioneered the discount brokerage model in India, has seen rapid growth over the years, even amidst intense competition from other financial platforms.

This success is particularly notable as Zerodha achieved these figures without relying on traditional advertising methods.

Instead, the company has leaned heavily on organic growth, with approximately 30% of new users joining through referrals.

Zerodha’s co-founder and CEO, Nithin Kamath, has consistently emphasized the importance of simplicity, transparency, and customer-centricity in the company’s approach, which has undoubtedly contributed to its success.

The platform’s clean, easy-to-navigate interface and low-cost trading model have resonated with both novice and experienced traders alike.

While Zerodha’s user base has been steadily expanding, the company’s major rival, Groww, has emerged as a formidable competitor, especially in terms of active traders.

As of December 2023, Groww reported 7.6 million active traders, outpacing Zerodha, which had approximately 6.7 million active traders during the same period.

Despite this, Zerodha remains ahead in terms of overall user base and asset management.

Zerodha’s achievements also reflect the growing trend of retail participation in India’s stock markets.

With the younger generation increasingly embracing online trading and investing, Zerodha’s model has proven to be adaptable to the changing landscape of the Indian financial market.

Looking forward, Zerodha plans to further expand its services and features, continuing to cater to the growing number of investors in India.

As the company celebrates this major milestone, it remains committed to its mission of making investing simple and accessible for all.

For now, Zerodha’s continued success highlights the firm’s ability to disrupt the market and provide valuable financial services to millions of retail investors across India, further solidifying its place as a leading player in the Indian fintech space.

Also Read

Dixon Technologies Shares Drop 7% After Q3 FY25 Results

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Travel

The Africa Logistics

The Africa Logistics is a print and online portal that offers latest news and firsthand information in the logistics industry.

More

NEWS

Social

© Copyright 2024, The Africa Logistics. All Rights Reserved