During a discussion with CNBC-TV18’s Shereen Bhan in Monaco for the EY World Entrepreneur awards, Kamath mentioned that the firm is still pursuing its ambition to obtain a banking license.
He stated that Zerodha has sufficient funds to pursue any endeavors they choose.
Kamath emphasized Zerodha’s commitment to remaining private, noting that the company’s business model and operational method do not align with the expectations of public markets.
“We still believe there’s no compelling reason to go public. Being listed is challenging for a company like ours,” he stated.
Regarding the short-term business outlook, Kamath projected a 10–20% reduction in its broking revenue, which is closely linked to market activity. Nevertheless, Zerodha aims to achieve ₹10,000 crore in revenue by the conclusion of FY26. Kamath also dismissed any potential alterations to brokerage rates.
Kamath’s remarks were made just before the EY World Entrepreneur of the Year 2025 awards in Monaco, where he is among the 43 global finalists. He was honored as India’s Entrepreneur of the Year in March.
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