Zerodha eyes Rs 350 cr daily turnover from state

Zerodha, a leading technology driven online brokerage firm, expects Odisha to contribute five per cent or Rs 350 crore to its average daily turnover of Rs 7,000 crore.

The company recently announced its foray into the Odisha market through establishment of support bases in Bhubaneswar and Cuttack.

“We are happy to announce our entry to Odisha, as it presents new opportunity for us in terms of business growth. We, as a company, have the advantage of understanding both markets and technology. We would like to capitalise on this expertise and provide state of the art execution experience to our customers. The new support centres in Odisha will make this experience seamless,” Nitin Kamath, founder and chief executive officer, Zerodha said in a release.
 

Zerodha has over 70,000 clients across the country. It is creating a strong online education infrastructure for its clients to interact and learn about stock markets. The six-month old education initiative called ‘Zerodha Varsity’ is already popular within the trading and investing community. The varsity has garnered over a million page views and has over 4,000 subscribers. Zerodha Varsity has exhaustive content on technical analysis, fundamental analysis, futures, and options trading. Currently, Zerodha has 20 support centres throughout the country and it plans to expand to other cities in the coming months.