CLIENT BASE GROWS MORE THAN 70% (FY-2018-19)
Pune: Zerodha, India’s No.1 technology-driven largest brokerage firm in the country in terms of active clients have registered over 70% growth in Pune during FY 2018-19. The company announced growth numbers for Maharashtra and Pune. Zerodha currently has an overall client user base of over 1.6 million across India, and has grown tremendously in the past one year, adding clients at a rate of 75% (FY 18-19).
Speaking more on the development, Mr. Salman Quraishi, Head of Sales, Zerodha, said, “The year 2018 was quite a game changer year for us as a business. We became the largest retail broker in India by active clients on all the exchanges and segments by monthly new client additions and largest standalone direct mutual fund platform Coin. We are continuously growing in Pune and hopefully with new offerings in the coming months, we should be able to grow at a much faster rate in the current financial year.”
In Maharashtra, Zerodha has a client base of 377548. It has grown at a rate of 77% for (FY 18-19) In Maharashtra, Zerodha has their own branch offices in Mumbai and Pune. Zerodha also have partner offices in Nagpur, Aurangabad, Nashik, Thane, Kolhapur, Ahmednagar Solapur & Wai. Zerodha has 6 branch offices, and 21 partner offices spread across the state. In Pune, Zerodha has over 68524 clients with 2 branch office and 4 partner office. Zerodha currently has 24 own branch offices and 90 partner offices in India.
Zerodha has also announced the launch of Zerodha Varsity in Hindi. Zerodha Varsity is the flagship educational initiative of Zerodha, which provides highly structured and detailed notes on everything one needs to know about trading and investment. Currently the first three modules are available for readers in Hindi. In the next few months all the modules will be made available in Hindi.
Commenting on the development, Mr. Karthik Rangappa, VP Research & Educational Services, Zerodha, said, “Education and sharing knowledge has always been at the forefront of everything we do at Zerodha. Over the years, we have done this relentlessly via various channels and formats – Varsity, Webinars, Trading Q & A, Z-Connect itself, and through partner platforms such as LearnApp. Over the years we realised that majority of India’s population is comfortable in Hindi while reading and watching content. We have received several requests from our readers for Hindi content on Varsity. We would like to expand our reader base by making the content available in Hindi and want to reach all the corners of the country imparting knowledge about the financial markets.
Zerodha launched the Varsity mobile app earlier this year for millions of mobile users who wants to learn about the financial markets.
Since the launch in April the Varsity app has been downloaded more than 2.25 lakh times. According to the internal research done by Zerodha on Varsity app trends Pune is among the top three cities to search for Varsity mobile app.
Currently, the app is available only on the Google play store, but the iOS version should be available over the next few months.
One of our important product offerings –
COIN — Coin India’s first direct MF + Equity platform launched by Zerodha in April 2017 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.
Over the last 20 months, 150,000+ clients have invested over Rs 3000 crores through Coin in direct mutual funds and saved tens of crores in commissions that they would have otherwise paid a regular mutual fund platform.
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