Stockbroker India on WebNotes

Zerodha Broking Limited

Mon, 11 May 2026 00:00:00 +0000

Zerodha Broking Limited is an Indian stockbroking company registered with the Securities and Exchange Board of India and headquartered in Bengaluru, Karnataka. It is the primary operating entity of the Zerodha group, holding memberships on the National Stock Exchange and the Bombay Stock Exchange, and acting as a depository participant with both Central Depository Services Limited and National Securities Depository Limited. All retail brokerage accounts offered under the Zerodha brand are maintained at this entity.

Incorporated on 15 August 2010, Zerodha Broking Limited pioneered the flat-fee discount brokerage model in India. It operates the Kite trading platform, the Zerodha Console back-office portal, and the Coin direct mutual fund platform. The company is the largest retail stockbroker in India by active client count, a position it has maintained since approximately 2018.

Zerodha Securities (legacy entity)

Mon, 11 May 2026 00:00:00 +0000

Zerodha Securities was the registered corporate name of the stockbroking entity within the Zerodha group prior to its formal renaming as Zerodha Broking Limited. The two names refer to the same legal entity, identified by a single Corporate Identity Number (CIN) in the Ministry of Corporate Affairs records. The renaming represented a branding consolidation rather than a restructuring of the entity’s regulatory registrations, shareholding, or business operations.

This article documents the legacy Zerodha Securities name period and the transition, to allow readers encountering historical references to the older name in regulatory filings, court records, or archival media to understand the continuity of the entity.

Zerodha vs Groww

Mon, 11 May 2026 00:00:00 +0000

Zerodha and Groww are India’s two most widely used retail stockbrokers by active client count as of early 2026. Both operate a discount model, charging flat fees rather than percentage commissions, yet they have reached that common ground by different paths and serve partially distinct user profiles. Zerodha, founded in 2010 by Nithin Kamath and Nikhil Kamath, is the older firm and remains the reference implementation of the Indian discount brokerage category. Groww, founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, entered first as a mutual fund distribution platform before acquiring a full broking licence and expanding aggressively into equity and derivatives.

Zerodha vs Upstox

Mon, 11 May 2026 00:00:00 +0000

Zerodha and Upstox are two of the leading discount stockbrokers in India, both headquartered in Bengaluru, and both operating a flat-fee brokerage model. Zerodha, founded in 2010 by Nithin Kamath and Nikhil Kamath, is the older and historically larger of the two. Upstox, founded in 2009 by Ravi Kumar and Shrini Viswanath (originally as RKSV Securities), repositioned itself under the Upstox brand in 2016 and received an institutional endorsement when Tiger Global and Ratan Tata invested in the firm in 2019. Both brokers target cost-conscious retail investors and active traders who are comfortable transacting digitally.