Zerodha reported a 37.2% increase in its consolidated revenue for the financial year 2024, reaching 9,372.1 crore rupees (US$1.13 billion), up from 6,832.8 crore rupees (US$820 million) in the previous year.

Including other income of 622.3 crore rupees (US$75 million), the Bengaluru-based company’s total income rose to 9,994.5 crore rupees (US$1.2 billion).

Founded in 2010 by Nithin and Nikhil Kamath, Zerodha generates revenue through brokerage sales, user onboarding fees, and technology products like its Kite Connect API.

The company’s total assets under management reached 5.66 crore rupees (US$68 billion) earlier this year.