15 years of Zerodha - The risk crystallises

We at Zerodha turned 15 this August 15th, 2025. Maybe we’re the only ones who’ve been openly pessimistic about our business all these years. :slight_smile:

@nithin tweeted on this today. And here’s the full post with all the updates:

Do watch the AMA video here:

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Firstly, about my stroke from last January, I have recovered about 90%. I still face some issues while speaking, with the inability to articulate all the thoughts that come to my mind.

Whoa! @nithin i would have never guessed this based on the recently written posts on this forum and the personal blog. The ability to articulate using the written word is working great! :nerd_face::+1:t4:
That said, all the very best with “the last 10%” as you put it.


The section on “Planning for the long term” stops at a cliffhanger! :sweat_smile:

Another year where I was pessimistic about the business has passed,

beyond a point, the more data and information you have, the more likely you are to react more, which increases the odds of you losing money

Those who think they have some of this in control and constantly tweak their businesses and products to chase optimisation, end up enshittifying their products.

Right.
So, what to do - “Look past the short-term, Look at the long-term.”
Got it.
While this approach has served me well,
i am finding this increasingly harder to recommend/justify.
I think i know why - the playbook of fear and anxiety being often used around the world.

Here's an excerpt of ''Supercrash: How to Hijack The Global Economy'' by Darryl Cunningham, that highlights this point.







Source: Supercrash: How to Hijack The Global Economy by Darryl Cunningham

So what is it that helped/helps you get past all the doom-n-gloom on the personal and professional front, without devolving into nihilism? I suppose updates from Rainmatter help to a certain extent. But, not everyone has that luxury. What else can one look forward to?

Personally, i feel the increasing chaos has led to increasing frustration and extreme views (not just this forum, but the world around us), making it harder for folks to look at the long-term. In addition to the “what to”, any specific thoughts on "how to", especially for folks still striving for upward-mobility, so that they can remain focused in their pursuit and not despair?

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I think everyone needs a hobby or something outside of work. Something you do that helps build on your skill sets. Forever, it has been sports/fitness, music, and investing behind startups. The realisation was quite early that technologists are going to be like superhuman (X-Men/Women) of the future. I understood that I can’t be one, so the next best thing was to figure out how to be friends with one. One of the startups we decided to invest in was Sensibull (the earlier version). Although the idea didn’t take off back in 2012/13, K/Kailash happened. Now, K has been key to whatever success we have had. I didn’t have much to invest back then.

I guess you should find the one or two things that you feel you have expertise in and associate with as many people as possible.

There is no other way but to look at the long term. Yes, you can get lucky in the short run, but everything has to be planned with at least 10 to 15 years in mind. Unfortunately, there is no easy way around it.

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@nithin any advice for traders who are facing uncertainty, on discipline and on opportunities available going forward. Also, happy ayudha pooja to you, family and entire zerodha team. Waiting for even better tools from zerodha this year🙂

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Here’s a follow-up Ask Me Anything with @nithin, Nikhil, Kailash, @VenuMadhav, and Karthik Rangappa.

We invited customers to share their questions, and while we couldn’t get to all of them, the conversation touches on several of them, covering business updates, traders, regulation, Varsity, AI, and more.

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Zerodha enters the broking business as the industry experiences exponential growth.

The company also introduces GoldCase, and soon after, the value of gold rises multifold.

How does all of this even happen?

You are looking at it from a very myopic view. Goldcase had nothing to do with rise in gold prices. Check out economic factors.

Zerodha entering brokering business had a hand in stock market accessibility - giving investing in hands of every investor, for almost nil brokerage gave a big way for people to enter, even without little to no knowledge of stock markets. Half the people i know dont know the ABCs of the stock markets, but they know how to buy and sell a stock.

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Goldcase total AUM since beginning is 555KG of gold.

India as a whole import 64,000 KG of gold in August 2025 only. September estimates are at 1 lakh KG of gold imported.

There is no relation between the launch and this. Gold price is decided globally.

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