New Delhi, April 16 -- Nithin Kamath, founder of discount broking platform Zerodha, recently revealed that the firm's decision to avoid squeezing a bit more revenue from customers has cost it around Rs.25,620 crore in the last nine years.

In a post on April 16 on X, Nithin Kamath said Zerodha remains among the few brokers that still charge zero brokerage on equity delivery trades. Based on back-of-the-envelope calculations, he said that charging even 0.3% per trade could have generated significant revenue, but the company's core philosophy has kept it from doing so. Most full-service brokers charge 0.3-0.5% as an equity delivery fee.

While highlighting the precarious nature of the broking business, Kamath said that their revenues are he...