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Zerodha's profit more than doubled to ₹1,000 crore in FY21: CEO
short by Krishna Raj / on Sunday, 30 May, 2021
India's largest stockbroking platform Zerodha's profit has more than doubled to ₹1,000 crore in 2020-21 as against ₹440 crore in FY20, CEO Nithin Kamath said. The broking business is a risky business with most of the revenue coming from active traders with leveraged positions, he said. Active traders take the risk and brokers earn from the positions taken, Kamath added.