Zerodha crosses $1B in revenue in FY24; profit up 89%

Zerodha, one of India’s largest stock brokerage firms, reported revenue of over ₹1 billion for FY24, with an 89% growth in profits. The company has seen significant growth due to the rise in retail trading activity and increased market participation. Zerodha’s user-friendly platform, low-cost structure, and educational initiatives have contributed to its popularity. The company’s growth is also attributed to its strong customer base, which continues to expand as more investors are drawn to stock market trading. Zerodha’s remarkable growth reflects the expanding retail investment culture in India, positioning the company as a leader in the financial services sector.