Came across this Reddit post on broker net worths and was really surprised. Never realized how big Zerodha actually is their net worth is over 16,000 cr. That’s huge for a privately held broker with zero ads or sponsorships.
Saw Kotak Securities CEO share that Zerodha’s revenues fell 40% QoQ (June qtr). The note suggested this was largely tied to their dependence on F&O activity since a big chunk of earnings for discount brokers today comes from derivatives trading rather than a diversified product mix. (link)
@Nithin, genuine question if weeklies were to go away, what’s Zerodha’s plan? Would love to hear your take.
Another year where I was pessimistic about the business has passed, and it’s been another year where I’ve been pleasantly surprised.
That said, the regulatory actions, be it the drop in transaction charges revenue, the increase in STT on F&O, the proposal to make futures and options trading tougher, ASBA for trading, the increase in BSDA limit, etc., will have a significant impact on our revenues and profitability. The time has finally come for business to pivot.”
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That said, the options business might be at further risk, with the regulators evaluating whether to stop weekly options completely. If this were to happen, we would be forced to start charging brokerage for equity delivery trades to make the business tenable. Most of our competitors already charge for delivery trades.
Source: 15 years of Zerodha — The risk crystallises – Z-Connect by Zerodha
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We would have to start charging for equity delivery trades. 
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I was searching for a word or a phrase that would aptly summarise the intention or emotion behind this post of Ashish Nanda.
I think Schadenfreude (German word) is the closest i could find to explain the tone used by Mr.Ashish Nanda in his post.
Schadenfreude
The German word Schadenfreude describes the feeling of pleasure or satisfaction derived from another person’s misfortune. While not a direct synonym for jealousy, it captures the joy someone might feel in a rival’s suffering, often fueled by competition or a perceived sense of justice.
- Origin:
Schadenfreude comes from two German words: “Schaden” (harm or damage) and “Freude” (joy).
- Psychological Context:
It is a deeply ingrained human emotion, a byproduct of social comparison and self-esteem. When someone else fails, the person experiencing schadenfreude may feel better about themselves by contrast.
Note: I could be absolutely wrong in my assumption here, maybe there wasn’t any jealousy or rivalry behind that post, but from my unbiased POV, the tone of the post did seem Arrogant.
And, to confirm/support my above views, i did come across this other thread where a similar Haughty attitude was apparent. And I liked Nithin’s equanimous reply 
to that post.
Anyways, I couldn’t hold myself back from expressing my views, after reading the said Twitter/X post.
If I were to ever start a business, i would love for it to be like Zerodha for many reasons, but more importantly for its business ethics.
Our philosophy is simple: Don’t do unto others what you don’t want done unto you.
@nithin brother, I’m very happy to be a customer of Zerodha, and I’m proud of you, and very much like the CSR initiatives like Rewilding.
Keep it going 
, don’t let any noise bother you.
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