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Zerodha aims to be among the top three online trading firms in 2 years

It currently has a client base of close to 20,000 across the country

Itishree Samal  |  Hyderabad 

Zerodha, a Bangalore-based start-up, targets to be among the top three online trading firms in terms of turnover in India over the next three years.

Zerodha, which started operations in August 2010 with a brokerage-free model where traders pay only Rs 20 per transaction irrespective of the trade size, has seen a 10-fold growth in the last two years. The start-up platform now clocks an average turnover of Rs 3,000-Rs 3,500 crore per day.

"We target to grow three-times of our current turnover over the next two-three years," Nithin Kamath, founder and chief executive officer of Zerodha, told Business Standard.

Currently, the top broking including Sharekhan, Angel Broking and India Infoline do business roughly around Rs 8,000-Rs 10,000 crore per day.

"Despite the economic slowdown in the last two-three years, we have picked up quite well.

Given the fact of our substantial growth during the bad capital market scenario, we are quite positive about the growth in the coming years," he said.

"It was a major challenge to gather the initial 300-400 customers on board in the beginning. Now, the start-up is adding 1,000-1,500 people every month," he said.

It has a client base of close to 20,000 across the country. It has ventured into commodities trading in March this year and now doing trading of around Rs 500 crore per day.

Before Zerodha, Kamath had launched Kamath Associates, a financial advisory with over 500 active clients.

First Published: Tue, December 11 2012. 11:16 IST
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