Archive · 5 Jun 2025
Zerodha's Kamath Eyes Financial Conglomerate, AI Uncertainty
Nithin Kamath, the boss of Zerodha, wants to make his company a big financial player.
He's thinking of offering more services like banking in the next decade.
Kamath thinks that the stock market hasn't quite realized how much AI will change things, and that could make prices go up or down in unpredictable ways.
Even though things are a little slower now in the trading world, he hopes to still reach a large revenue amount by next year.
Zerodha's been growing, with lots of people using it to buy and sell stocks, and Kamath plans to keep things the same when it comes to the price of trading.
He's keeping the company private because it's better for serving their customers.
Zerodha CEO Nithin Kamath aims to develop the company into a financial services conglomerate, including potential banking services.
Kamath anticipates a 10-20% decline in the broking business this year but targets ₹10,000 crore in revenue by FY26.
He believes that the uncertainty introduced by AI advancements is not yet factored into market valuations.
Zerodha's margin trading facility (MTF) has reached ₹3,000 crore since its launch and is projected to hit ₹10,000 crore by the end of FY26.
Kamath plans to maintain current brokerage rates and DP charges, and the company is staying private due to the belief that being listed is tough for a company like theirs.
- Who
- Nithin Kamath, CEO of Zerodha
- What
- Shared Zerodha's future plans, including becoming a financial conglomerate, and shared views on market valuation.
- When
- As of June 2025
- Where
- Monaco, at the EY World Entrepreneur of the Year 2025 awards
- Why
- To build a comprehensive financial services company and discuss market trends.
- Company
- Zerodha
- CEO
- Nithin Kamath
- Customers
- 18 million
- MTF book size
- ₹3,000 crore
- Rainmatter Startups Backed
- 120+
- Anticipated broking dip
- 10-20%