Should you believe Zerodha’s Nithin Kamath or Angel One’s Dinesh Thakkar?

With the stock markets losing their fizz after a spectacular two-year run, two brokerage heads have come out with very different views on what lies ahead.

Two CEOs of star stock brokerages, whose businesses made rapid strides in the bull run of the last couple of years, but with diametrically opposed views of the prospects of the industry. 

I’m talking about Nithin Kamath, who runs the decade-old startup Zerodha, the No. 1 stock brokerage in India, and Dinesh Thakkar, who runs the three decade-old Angel One, the country’s fourth largest. While Kamath sounds pessimistic in his outlook, Thakkar is brimming with confidence. 

Business has been fantastic for both firms in the last two financial years. For the financial year ended March 2022, the unlisted Zerodha said …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor