Zerodha applies for SEBI licence to enter investment banking
The move comes as India's primary market continues to see strong listing activity, with a growing pipeline of startups and new-age companies preparing to go public.
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The move comes as India's primary market continues to see strong listing activity, with a growing pipeline of startups and new-age companies preparing to go public.
Total income rose 44% to Rs 53.5 crore during the year, up from Rs 37.1 crore in FY25.
Zerodha said users can now book fixed deposits across multiple banks, compare interest rates, and track their investments, accrued interest, and upcoming maturities from a single interface.
The founders of PensionBox, Kuldeep Parashar and Shivam Parashar, will collectively retain 48% stake in the company following the acquisition.
Tijori Finance will use the fresh capital to develop new analytical tools, upgrade its server infrastructure, and expand its workforce.
Zerodha's net profit narrowed to Rs 4,237 crore in FY25 from Rs 5,496 crore in the previous fiscal.
This is significant as Zerodha has stayed away from the US investment product even as many other brokerage firms offer the facility.
India's leading discount broker faces earnings pressure as new rules and slower trading activity impact revenue.
This is Capitalmind's first institutional funding round and it comes after the launch of its mutual fund business.
Zerodha, led by the Kamath brothers -- Nithin Kamath and Nikhil Kamath, also held on to its second spot with a 15.58% market share and 7.58 million users.
Earlier in April, Nikhil Kamath invested around Rs 172 crore in GreenLine Mobility Solutions Ltd.
The rating agency ICRA said Zerodha Capital witnessed a "healthy" scaleup in its loan against securities book to Rs 381 crore as on December 31, 2024.
Scammers are on the rise, targeting trusted names like Paytm Money, Zerodha, Groww, and Aditya Birla with fake apps designed to deceive investors.