Promoter holding
64.27%
ZB
Zerodha Broking Limited - Due diligence report
A 360° intelligence report on Zerodha: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…
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Zerodha — 360° Intelligence Report
Generated from MCA filings & public records67/100
Trust Score
Moderate
Zerodha is assessed as Moderate with a Trust Score of 67/100. Zerodha is an active public limited indian non-government company incorporated in 2018, operating in the Financial Services sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 03 Jul 2026 from the latest processed filings. Zerodha Broking Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
40/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 75/100 Low Risk
- No open charges - unencumbered balance sheet.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 0 satisfied (-).
Compliance Score: 40/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: NSE.
- Litigation present in 3 court forum(s).
- 1 auditor resignation(s) filed - latest: BO & CO LLP on 2021-01-29.
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| OMPRAKASH JAIN PARASMAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NITHIN KAMATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIKHIL KAMATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VASANTH KUMAR JAYAPAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHIKHA SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SEEMA PATIL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANTOSH HEGDE TIRUMAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENU MADHAV KOTA SUBRAMANYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIKHIL KAMATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NITHIN KAMATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Karthik Rangappa | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2024 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Zerodha (ifsc) Private Limited | Subsidiary Company | 74.00% |
| Zerodha Trustee Private Limited | Subsidiary Company | 74.00% |
| Zerodha Asset Management Private Limited | Subsidiary Company | 74.00% |
| Ets Securities Private Limited | Associate Company | 74.00% |
Key managerial personnel: NITHIN KAMATH (Managing Director) · NIKHIL KAMATH (CFO) · SEEMA PATIL (Whole-time director) · VENU MADHAV KOTA SUBRAMANYA (Whole-time director) · NIKHIL KAMATH (CFO) · NITHIN KAMATH (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 7 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (40/100).
1 auditor resignation(s) on record - review the stated reasons.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence59/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment65/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view71/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events23 Dec 2025
Director appointed
Karthik Rangappa (Additional Director)
22 Sep 2025
Last AGM held
Annual general meeting
30 Apr 2025
Director appointed
SANTOSH HEGDE TIRUMAL (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
22 Mar 2025
Director ceased
SHRIKANT PANDIT
31 Mar 2024
Share transfer (FY 2024)
100.00000000 shares to Subhramanya Madhav Kota Venu
21 Oct 2021
Director appointed
VASANTH KUMAR JAYAPAL (Director)
05 Oct 2021
Director ceased
OMPRAKASH JAIN PARASMAL
27 Jul 2021
Director ceased
KARTHIK SOMANATHAN
16 Jun 2021
Director appointed
OMPRAKASH JAIN PARASMAL (Director)
10 May 2021
Director ceased
SEEMA PATIL
Director ceased
VENU MADHAV KOTA SUBRAMANYA
17 Aug 2020
Director appointed
SHIKHA SINGH (Company Secretary)
23 Mar 2020
Director appointed
VENU MADHAV KOTA SUBRAMANYA (Whole-time director)
30 Mar 2019
Securities allotted
70000000 Equity Shares - 70.00 cr raised
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Autoshareindia | L67120GJ1994PLC115132 | Gandhi Nagar, Gujarat, India |
| Axissecurities | U74992MH2006PLC163204 | Mumbai, Maharashtra, India |
| Sharekhan | U99999MH1995PLC087498 | Mumbai, Maharashtra, India |
| Nj Insurance Brokers | U67120GJ2000PTC037674 | Surat, Gujarat, India |
| Iifl Securities | L99999MH1996PLC132983 | Thane, Maharashtra, India |
| Hdfc Securities | U67120MH2000PLC152193 | Mumbai, Maharashtra, India |
| Kotak Securities | U99999MH1994PLC134051 | Mumbai, Maharashtra, India |
| Amrapali | L91110GJ1988PLC010674 | Daskroi, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Zerodha before audits and certifications: compliance score 40/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Zerodha: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 75/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Zerodha - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether Zerodha pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Zerodha - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Zerodha an active company?
Zerodha has MCA status “Active” with a compliance score of 40/100 (Caution Indicated).
Is Zerodha financially healthy?
Zerodha has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Zerodha?
Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Zerodha?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 11 active director(s) are on record.
Does Zerodha have loans or charges against its assets?
No charges are registered against this company - an unencumbered balance sheet.
Is Zerodha up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 40/100 (Caution Indicated).
Is it risky to lend to Zerodha?
Its Credit Risk Score is 75/100 (Low Risk). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
