(MENAFNEditorial) Pune, January 17, 2018: Zerodha, Indias leading technology-driven brokerage firm, today announced its overall growth numbers for this financial year. Zerodha currently has a user base of over 6 lakhs across India, as compared to the last financial year. Zerodha has grown tremendously in the past one year, adding clients at a rate of 204% (FY 17-18).
Speaking more on the development, Nithin Kamath, Founder & CEO, Zerodha, said, The year 2017 was quite a year for us as a business. We became the largest retail broker in India by turnover on all the exchanges and segments, biggest in India by monthly new client additions and largest standalone direct mutual fund platform in Coin. With our technology team taking the lead, we have many new products in the pipeline for launch in the next quarter. I am hopeful that with new offerings and continue to wow our existing and new clients, we will be able to grow at a much faster this financial year.
In Maharashtra, Zerodha has offices in Mumbai, Pune, Thane, Nashik, Aurangabad, Kolhapur and Solapur. It has grown at a rate of 231% for (FY 17-18) with a client base of over 138023 and touchpoint of 5 branch offices and 17 partner offices. In Pune, Zerodha has over 27000 clients with 2 branches and 4 partner offices. It has grown at a rate of 191% for FY 17-18.
To manage the growing needs of its clients, Zerodha currently has 22 branches, 94 partner offices and 6 support/call & trade offices in India.
Some of the important product offerings are
KITE - Web & Mobile
KITE is Indias first multilingual trading platform available in 10 different Indian languages. A slick, full-fledged HTML5 trading platform with streaming market data, advanced charts, an elegant UI, and more. For seamless and on-the-go experience, KITE is also available as an app for your Android and iOS devices.
KITE Connect APIs
We are commoditising and democratising investment technology with our platform as a service APIs. Our APIs helps individual and startups to build their own trading experience and trade with their favourite programming language with super simple, exchange approved, HTTP/JSON APIs.
Some statistics to show the success of our product -
Users who log in to KITE - 6 lakh +
1.5 million trades / day
$3 billion worth of trading turnover per day
4 lakhs - 5 lakh app installations
4 businesses built on top of the Kite Connect API ecosystem
1000 developers empowered using the Kite Connect API ecosystem
Varsity
In India, quality education materials pertaining to stock markets are not readily available but with ZERODHA VARSITY, we are trying to change that scenario. ZERODHA VARSITY is a free, interactive online initiative, open to all and is very popular among people who want to learn about the market. Currently, we have people visiting from 116 countries with a daily page view count of 25000.
The statistics below will highlight the success of the product
Average daily page views - 25000
Number of queries - 22000
Number of Countries visit - 116
Overall page views - Over 5 million
Coin
Coin is India's first direct MF + Equity platform that let the customer buy mutual funds online, completely commission-free, directly from asset management companies. The mutual fund bought through Coin will be in demat form, with a convenience of one portfolio across equity, mutual fund, currency. One can start, stop or modify SIPs anytime they want and the first Rs. 25,000/- worth of investments would be free.
About Zerodha
Zerodha is an Indian financial service company (member of NSE, BSE, MCX, MCX-SX) that offers brokerage-free equity investments, retail and institutional broking, currencies and commodities trading, and mutual funds. Founded in 2010, Zerodha is known for its discount pricing model and innovative use of technology. It is headquartered in Bangalore and has a physical presence in all major Indian cities. As of 2017, it is the largest discount broker in India with a loyal client base of over 6+ clients and contributes up to 2% of retail trading volumes on Indian stock exchanges.
Contact Information
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