o Largest retail broker in India by turnover on all exchanges & segment
o Biggest in India by monthly new client additions
Pune, January 17, 2018: Zerodha, India’s leading technology-driven brokerage firm, today announced its overall growth numbers for this financial year. Zerodha currently has a user base of over 6 lakhs across India, as compared to the last financial year. Zerodha has grown tremendously in the past one year, adding clients at a rate of 204% (FY 17-18).
Speaking more on the development, Nithin Kamath, Founder & CEO, Zerodha, said, “The year 2017 was quite a year for us as a business. We became the largest retail broker in India by turnover on all the exchanges and segments, biggest in India by monthly new client additions and largest standalone direct mutual fund platform in Coin. With our technology team taking the lead, we have many new products in the pipeline for launch in the next quarter. I am hopeful that with new offerings and continue to wow our existing and new clients, we will be able to grow at a much faster this financial year.”
In Maharashtra, Zerodha has offices in Mumbai, Pune, Thane, Nashik, Aurangabad, Kolhapur and Solapur. It has grown at a rate of 231% for (FY 17-18) with a client base of over 138023 and touchpoint of 5 branch offices and 17 partner offices. In Pune, Zerodha has over 27000 clients with 2 branches and 4 partner offices. It has grown at a rate of 191% for FY 17-18.
To manage the growing needs of its clients, Zerodha currently has 22 branches, 94 partner offices and 6 support/call & trade offices in India.