Kamath recently announced on his blog that Zerodha now has ₹5.66 lakh crore in total assets under custody, which is almost ten crore rows of holdings. This remarkable number can be ascribed to a flourishing bull market, an upsurge in retail involvement, a bustling IPO market, and the faith that customers have in Zerodha. He said, “The exciting thing is that all of our customers are sitting on unrealized profits that exceed ₹1 lakh crore.”

Additionally, Kamath stated that Zerodha is now among the safest brokers in the industry because to its net worth, which is about 40% of the client funds it oversees.

He did, however, issue a warning that later this year, regulatory changes might result in a large drop in income. We presently rely heavily on index derivatives for our revenue, so any changes will have an impact on us. We anticipate a 30% to 50% decline in revenue,” he said.

The regulatory amendments permit Zerodha to charge full Annual Maintenance Charges (AMC) from customers with demat assets of ₹10 lakhs and above, instead of ₹4 lakhs as previously, under the Basic Services Demat Account (BSDA). When combined with the elimination of account opening fees, this can lead to a significant drop in revenue.

Kamath expressed confidence in Zerodha’s readiness despite these difficulties. “With a lean team, effective cost control, and a healthy net worth, we are well-positioned to weather this downturn. We currently have 1,200 people on our team overall, of which a tiny portion work on daily operations as part of the core team.

Zerodha has demonstrated its resilience in the changing financial landscape with its remarkable success and quick response to impending regulatory changes.

The post Zerodha Reports ₹4,700 Crore Profit in FY24 first appeared on LeaderonTop.

Parul Gulati’s entrepreneurial journey began with a desire to significantly impact the beauty industry. Nish Hair, an award-winning brand, has garnered widespread recognition and secured Gulati a spot in Forbes India’s prestigious “30 Under 30” list in 2021. This acknowledgment is a testament to her innovative approach and dedication to her craft. Her appearance on Shark Tank further cemented her reputation, as she gained the trust and admiration of viewers, showcasing her brand’s potential and her business acumen.

Nish Hair’s success has not gone unnoticed by the media. Esteemed publications such as Vogue India, Harper’s Bazaar, and Elle India have all featured Gulati and her brand, highlighting her contributions to the beauty industry. Her commitment to eco-friendly business practices has also brought attention to the sustainability aspect of her work, setting her apart in an industry often criticized for its environmental impact.

The story of Nish Hair is rooted in Gulati’s vision and ambition. She set out to create a brand that went beyond mere profit-making, aiming instead to establish a company with genuine purpose and impact. Nish Hair’s mission is to provide premium human hair extensions that empower women, helping them feel beautiful and confident. This focus on accessibility and transformative beauty solutions reflects Gulati’s belief in the power of self-expression and personal empowerment.

Parul Gulati’s journey is a source of inspiration for many. Her story is a powerful reminder that success is achievable with passion, perseverance, and a willingness to break through barriers. 

The hair is the richest ornament of women

Martin Luther

As she continues to grow Nish Hair and expand her influence, Gulati exemplifies the qualities of a true leader—someone who not only succeeds but also inspires others to forge their paths to success.

The post The Inspiring Journey of Parul Gulati first appeared on LeaderonTop.