‘Don’t come after us…’: Jay Kotak’s remark sparks Nikhil Kamath’s honest take on Zerodha’s banking problems

World investors met in 2025 in Bengaluru, co-chair of Kotak 811 Co-Chair of Nicely Codi Kotak, a brilliant Fintech Landscape.

“You have already disrupted the business of brokers, please do not come after us,” said the Kotak, prompting laughter from the audience.

The option was more substantiated, however, was more substantiated.

In 2010, he was founded by the brothers Nitt and Nikil Chat, Zeroda transformed the Indian brokerage industry in its low-value, technological conditions. The company offers zero broker broker brokerage for housing fees, involving more than 1.6 cavity users that manage 6 lakh collar assets. All without advertising.

Despite its success, Zeroda is fighting for expanding banking. Earlier in the interview, Arat said: “We really want to be a bank. However, we have tried in recent years, but we are not allowed. “

The financial performance of Zeroda reflects its dominance in broke. FY24 has been registered with a net profit of 89% jump on ₹ 5,496 Crore, revenue increases by 37.16% to 9,372 Crore. The clay then confessed that the journey is far from easy. “We are still David in the world of Goliath,” he said, describing the company as “1,000 people in the corner of Bengaluru”, trying to compete with people with much more affordable and influential.

Meanwhile, Jay’s Kotak highlighted the gaps in the banking field by calling a larger customer compassion and improve digital experiences.

“We are behind the lights where we have to be, and where our competitive Fintechs are now,” he said. Kotak also noted the delay in India with financial and human capital compared to global markets, especially with the United States