Zerodha CEO Nithin Kamath Discusses Market Share, Rs 1 Lakh Crore Profits, IPO Plans, and Economic Views

Nithin Kamath, CEO of Zerodha, addressed recent concerns regarding the company's market share and IPO plans. Kamath acknowledged that charging fees had led to a dip in market share but stated that the issue has been resolved. He also emphasized that Zerodha has no immediate plans to go public, citing the burden of investor expectations as a primary reason. Kamath revealed that Zerodha demat holders are sitting on Rs 1 lakh crore in unrealized profits. He also commented on the broader economic environment, describing India as 'socialist, pretending to be capitalistic,' and stressed the importance of offering unique value to customers in a competitive market. Kamath shared these insights at TechSparks2024.