Zerodha’s chief executive officer (CEO) Nithin Kamath Kamath has said that he expects a 10–20 per cent decline in the broking business this year, linked to lower market activity. In an interview to CNBC-TV18, Kamath said that despite the drop in business this year, he is targeting ₹10,000 crore in revenue by FY26.
He ruled out any change in brokerage rates. Kamath reaffirmed the leading domestic brokerage’s long-term ambition to become a full-fledged financial services conglomerate, including entering banking. Kamath is a finalist for the EY World Entrepreneur of the Year 2025 award.
While speaking to the business news channel, Kamath said Zerodha is not giving up on its aspiration for a banking licence.
