Zerodha owner: the Kamath brothers own the broker, with no outside investors
Who owns Zerodha? The Kamath brothers, Nithin and Nikhil. The broker has never raised outside capital and earned ₹4,237 crore in profit in FY25. Here is the ownership picture.
Zerodha is owned by its founders, brothers Nithin Kamath and Nikhil Kamath. The company has never raised outside capital, and Nithin Kamath has said it is fully privately held and carries no debt. The exact split between the two brothers is not public. Zerodha earned ₹4,237 crore in net profit in FY25, according to Indian Startup News. 12
Who is the owner of Zerodha?
When people search “Zerodha owner”, the answer is two people rather than one. Nithin Kamath is founder and CEO, and his younger brother Nikhil is co-founder. Kuvera reported that the brothers own 100% of the company between them. Nithin’s wife, Seema Patil, is a director at Zerodha, but reports do not describe her as a shareholder. 31
Key numbers
| Item | Detail |
|---|---|
| Owners | Nithin Kamath and Nikhil Kamath |
| Outside investors | None; never raised external capital |
| FY25 revenue from operations | ₹8,847 crore |
| FY25 net profit | ₹4,237 crore, down 23% |
| Cash and bank balances | ₹22,679 crore |
| Founders’ pay, FY25 | ₹96 crore each |
| Forbes valuation of Zerodha | Roughly $8 billion |
How Zerodha stayed independent
Zerodha started operations on 15 August 2010 with six employees and about ₹2 crore of seed money, and it has funded its growth from its own profits, Indian Startup Times reported. Nithin Kamath says it runs with a team of roughly 1,000 people. 45
That model keeps control with the brothers, who also set their own pay. FY25 filings show each withdrew ₹96 crore, and Seema Patil ₹36 crore, a total of ₹228 crore. The balance sheet also shows no debt, Whalesbook reported. 12
Who runs Zerodha
- Nithin Kamath: founder and CEO. See the Nithin Kamath profile.
- Nikhil Kamath: co-founder, who also runs True Beacon. See the Nikhil Kamath profile.
- Kailash Nadh: chief technology officer. 4
What happens next
The next annual filing will show how Zerodha fared after Nithin Kamath said brokerage revenue fell 40% in the first quarter of FY26. In August he marked the company’s 16th year with steady profits, YourStory reported. For what this means for the brothers’ wealth, read our report on Nithin Kamath net worth, the Zerodha company page and Nithin Kamath age. 16
Frequently asked questions
Who is the owner of Zerodha?
Nithin Kamath and Nikhil Kamath, the brothers who founded it in 2010. Zerodha has never raised outside capital.
Does Zerodha have outside investors?
No. Zerodha says it has never raised external funding and is fully privately held.
How much of Zerodha does Nithin Kamath own?
The split between the brothers is not public.
What is Zerodha worth?
Forbes values it at roughly $8 billion, according to Kuvera. As a private company, Zerodha does not have a market price.
