Zerodha's Lending Venture Surpasses Expectations, Achieves INR 112 Crore Book Size in 2023

Stockbroker's Diversification Into Lending Operations Marks Significant Success, Strengthening Market Presence

Zerodha, the prominent stockbroking platform, has revealed that its foray into lending operations in 2023 has yielded impressive results, reaching a substantial book size of INR 112 crore. The company's NBFC venture, Zerodha Capital, strategically aims to empower users by facilitating the establishment of robust credit profiles, offering access to loans at lower interest rates.

With plans to include 653 securities spanning stocks and mutual funds for pledging, Zerodha is not only known for its discount brokerage but is also expanding its product portfolio, including mutual funds and lending services, to fortify its market position and foster deeper user engagement.