Find Your Franchise

Find Zerodha Partner Program or Zerodha Sub Broker Business Opportunity here.

Zerodha has completely changed the share brokerage industry in the last few years. With its exceptionally low brokerage charges, investors, especially intraday traders, are shifting to Zerodha for daily trading.

The article will guide you about the different business models Zerodha offers, the revenue structure, and the cost involved.

Then it will cover the process of becoming a partner of Zerodha, along with details of the documents you need to submit.

There will be a detailed analysis of the pros and cons of becoming a Zerodha Franchise.

Zerodha Partner Program - Snapshot

Line of Business

Sub Broker

Unit / Shop Area

100 - 200 Sq. Ft. (Optional)

Commission% / Revenue Sharing

30% - 50%

Total Investment

Zero - Rs.50,000

ROI Timeframe

1 Month

Zerodha Sub Broker or Franchise Review & Ratings

Revenue Sharing

4.31 / 5

Franchise Fee & Infra Investment

4.24 / 5

Support & Training

4.12 / 5

ROI Timeframe

4.18 / 5

Brand Value

4.16 / 5

Overll Ratings

4.20 / 5

Star Ratings

If you look at the reviews of Zerodha Franchise, you will find that this brokerage house has one of the highest ratings in the industry.

In every segment, be it experience, market share, the support offered to the sub-brokers, products, and services, or revenue sharing, in every segment, it has 9+ ratings out of 10 points.

Overview of Zerodha Sub Broker Franchise


Finance & Money

Line of Business

Sub Broker

Organization Type


Head Office



Nithin Kamath

Founded In (year)


No. of Franchise Outlets


Master Franchise Model

Not Available

Franchise Tenure


Franchise Location

All over India

Business Set-Up Time

1 Month

Franchise Commencement Year


Before you apply for the Zerodha Partner program, you should know a bit about this company. This will help you in your pitch to your prospective clients.

So, Zerodha was launched in 2010 with the motto of offering innovative solutions to traders. Their vision was to make trading easily available for the young Indians, which they had already achieved.

More than 6.5 million active clients of Zerodha trade on its terminal daily. This makes Zerodha #1 according to the trade volumes in the leading Indian stock exchanges.

So, you can gauge the potential of how well you can develop your sub-brokership business with Zerodha.

Zerodha Franchise Program – Business Models

There are 2 types of business models available with Zerodha –

Business Models Revenue Sharing
Partner Upto 50%
Referral 10% + 300 Zerodha Points per client acquired

Zerodha Partner

The discount broker offers a single business model that is Zerodha Partner or Authorised person. Earlier, this was known as Zerodha Sub Broker.

So, as a Partner of Zerodha, you will be working as an advisor or agent with the company. Your main job would be getting as many active clients/ traders as you can for Zerodha.

This program was launched in 2015 and has been one of the country’s most availed sub-brokership programs.

As an authorised person of Zerodha, you can earn up to 50% of the revenue share without investing any huge amount.

The details of the business models will be given in the next segments of the article.

Zerodha Referral Program

Zerodha has a “Refer and Earn” program that all clients and partners can avail of. You can refer and earn 300 points with each successful referral.

These points can be redeemed for subscribing to Sensibull, Streak, and other subscription-based services of Zerodha.

Apart from these points, there is also a 10% commission offer. This means you can earn 10% of the brokerage your referred person pays to Zerodha.

Zerodha Franchise Investment & Fees

Partner Franchise Fee


Referral Franchise Fee


Infrastructure Investment

Zero - Rs.30,000

Zerodha is amongst those few brokerage houses which take no security deposit from authorised persons.

So, Zerodha Franchise Cost is only Rs.11,000 at present, which goes mainly into SEBI registration and registration on the exchanges.

You must wonder why the investment or cost of becoming a Zerodha partner is so low when most brokerage houses charge lakhs.

Zerodha is a discount broker, which has not only cheap brokerage charges but also the nominal cost of becoming a Zerodha partner.

Zerodha Sub Broker Commission / Revenue Sharing / Royalty

Partner Commission

30% - 50%

Zerodha Commission

50% - 70%

Referral Commission


Zerodha Commission


You can earn 20% to 50% of the Zerodha Sub Broker Commission, depending on your performance.

So, if you generate brokerage for the firm below Rs.1 lakh monthly, you will receive 20% of the revenue. Suppose, in September, the total revenue generated is Rs.80,000, so you will receive Rs.16,000.

If you generate revenue from brokerage ranging between Rs.1 lakh to Rs.3 lakhs, you can earn 30% of the revenue share.

If the revenue generated goes up to Rs.5 lakhs monthly, you can earn 40% of the same. The highest revenue share you can earn is 50% which will be possible only if you can generate revenue worth Rs.5 lakhs and above in a month.

Zerodha Business Partner ROI Details

In Months

1 Month

The Zerodha Franchise Returns on investment can only turn positive within your first one or two active clients.

This is due to the nominal cost or investment of Rs.11,000 you make to avail of the authorized person status.

Once you earn a revenue share of Rs.11,000, your investment will be adjusted. Now, everything you earn will be your profit. So, the ROI of Zerodha partners is very high.

Zerodha Partner Program Profit Calculation & Profit Margin

Taking a Partnership Program of Zerodha is one of the most profitable stock broking franchise business. There are 3 significant benefits of this.

1st, you will be able to open a demat account quickly & easily as clients are willing to open a Zerodha demat account as they are a massive brand in this industry.

2nd, clients generally don’t leave Zerodha & move to other broker, so they will stay with your business for longer, this means client retention is very high.

3rd, clients tend to trade & invest more with Zerodha, as most of the clients who open Zerodha’s account, they are very much sure of the Brand & they have a lot of faith in the brand.

These are the reasons and you will find, you earn more revenue with Zerodha Sub Brokership compared to other Brokers.

Now, check out the calculation below –

Monthly Revenue
No. of Active Clients 300
Daily Trades per Clients 5
Brokerage per Trade 20
Trading Days in 1 Month 15
Total Brokerage Revenue 4,50,000
Partner’s Share (40%) 1,80,000
Monthly Expenses
Office Rent (Co-working Space) 15,000
2 Telecallers Cost 40,000
Misc. Expenses 5,000
Total Cost 60,000
Monthly Profit
(Revenue – Expenses) 1,20,000
Profit Margin 27%

Total Revenue is a multiplication of No. of Active Clients daily, Daily Trades per Client, Brokerage per trade & Trading days in 1 month i.e. (300*5*20*15).

The brokerage earning may vary if any of the above parameters change.

Master Franchise of Zerodha - Information

Franchise Fee


Infrastructure Investment


Commission% / Revenue Sharing


Zerodha offers authorised person status to the partners of the firm. There is no Zerodha Master Franchise opportunity at present. However, in the future, you can purchase franchise rights of the firm.

Currently, you can work as an authorised person of Zerodha who will bring clients to the company and earn revenue on the brokerage paid by those clients to Zerodha.

Zerodha Franchise Infrastructure Requirement

Shop / Unit Area

100 - 200 Sq. Ft. (Optional)

Employee Strength

1 to 3 (Optional)

Research / Advisory


Trading Terminals Set-up


Telephone Lines


Computer / Internet Connectivity




CCTV Set-up


The infrastructure requirement for Zerodha Partner Program is nil. Yes, you read that right. There is no rigid requirement or criteria regarding the infrastructure of the authorised person’s office.

All you need is a laptop/ desktop with a great internet connection so that you can run the trading terminals and help your clients with their trade if required.

Zerodha believes in the quality experience of the clients. So, it would help if you were prudent in advising the right products to your clients and helping them with the account opening and their trades.

For these, you do not need any big office space; you can do it from your home office or study as well.

Check out Business Opportunities with Similar Brands

Support Provided by Zerodha Partner Program

Service Pricing




Client Interaction Training


Relationship Manager Support


Back-Office Support


Trading Support

Not Available

Advisory Support

Not Available

Marketing Support


Business Management Software


Website Support

Not Available

Operation Manual


Training Manual


As a Zerodha Sub Broker, you will get the following support from Zerodha –

  • Back-office support: Zerodha provides high-end back-office support for the sub-brokers. You will get a dashboard and business management software to keep track of all the clients’ trades and brokerage.
  • Marketing support: This firm offers marketing support in different formats. This is for making your business popular in your area/ locality.
  • Client interaction training: This is training offered by Zerodha to all its authorised persons. This will help the authorised persons to understand the products and services of Zerodha. This will intern help in pitching to clients about those products and services.
  • Relationship manager support: Zerodha also offers relationship manager support. This means they will offer a relationship manager for your client management.

Zerodha also offered an operation manual and training manual, which you can read to understand their work culture, your duties as an authorised person, and much more.

Franchise of Zerodha - Marketing Support

Unit Interior & Exterior Ads


Local Advertisement


Digital Marketing


Television Advertisement

Not Available

Prints Advertisement

Not Available


Not Available

If you enroll in the Zerodha Franchise Program, you receive marketing support from the firm. They offer local advertising facilities as a part of their marketing support.

In this, they will help you advertise your association with Zerodha and the products and services you are offering in your locality.

Then they also render digital marketing support. This includes building a website, blog, or another online platform where you can promote your business and association with Zerodha.

Last but not least, it also offered unit interior and exterior advertisements.

Training provided by Zerodha Sub Brokership

Product Information Training


Dealers Training

Not Provided

Service Training

Not Provided

Training is crucial for becoming a Zerodha Sub Broker; thus, the brokerage house offers in-depth product and client interaction training to authorised persons. You will learn about the products and services and how to promote and pitch them to clients.

Whether you are into the business or a novice, you can understand how to run this business well with this training. This will help you expand and prosper in this business.

Zerodha Authorised Person - Products & Services Offered

Equity Trading


Commodity Trading


Currency Trading






Mutual Funds






Demat Services


3 in 1 Acount


IPO Services


Stock Recommendations


Robo Advisory




Exposure or Limit


Mobile App


Web Trading Platform


Trading Terminal


Algo Trading Platform


Basket Trading


As a Zerodha Business Partner, you can pitch the following products and services to your prospective clients –

  • Equity trading – Both delivery and intraday trading is available
  • Futures and options
  • Currency trading
  • Commodity trading
  • Mutual funds
  • Insurance
  • IPO services
  • Trading platforms – Mobile Application, Trading Terminal, Algo Trading, Web Trading platform
  • Basket Trading facility
  • Robo Trading facility
  • Demat services
  • Stock recommendations

So, as you can see from the list above, these are all the products and services offered by Zerodha as the brokerage house. As their authorised person, you can provide the same to the clients.

The long list of products and services helps the authorised person pitch products and services as per the client’s requirements.

This increases the chances of prospective clients opening an account with Zerodha and revenue generation.

Check out Business Opportunities with Similar Brands

Franchise for Zerodha - Revenue per Customer


Rs.20 per Trade



Equity Options

Rs.20 per Trade

Equity Futures

Rs.20 per Trade


Rs.20 per Trade

Currency options

Rs.20 per Trade

Currency Futures

Rs.20 per Trade

The revenue you can earn as Zerodha Franchise for each customer depends on the number of trades the customer has done in a particular month and your overall revenue generation.

Here you need to know that Zerodha charges a flat fee of Rs. 20 per trade, irrespective of the trading segment and trade volume. It charges this brokerage on a per executed order basis.

Suppose you have 5 clients in September 2022. Now, the total revenue generated for this month is Rs. 350000. So, you will be getting 40% of the same, which is Rs. 140000.

Now, if you want to calculate per customer revenue, then say one customer has generated Rs. 100000 revenue for the month. So, you will be earning Rs. 40000 from this customer.

This will change if the total revenue you generate is Rs. 200000. Then the commission you will receive is Rs. 60000. From this customer, you will be earning Rs. 30000 out of the total Rs. 60000.

Franchisee Qualification required by Zerodha Sub Broker Franchise

Age Limit

21 years & above

Business Experience


Academic Qualification

No Restriction

If you want to enroll in Zerodha Affiliate Program, then you need to be at least –

  • 21 years old or above. Anyone below this age will not be allowed to apply for the authorised person of Zerodha.
  • If you have business experience in the same or related field, it will be a plus.

While there is no educational qualification requirement, your understanding of financial products, the stock market, and trading would be a great plus.

Documents Required to Start Zerodha Affiliate Program

Franchise Agreement


Proprietor Aadhaar Copy


Proprietor Photo


Proprietor / Business PAN Copy


Business TAN Copy


GST Registration Certificate


Proprietor / Business Address Proof


Unit / Shop Address Proof


NOC of Unit / Shop


When you are enrolling in Zerodha Affiliate Program, you must keep the following documents handy –

  • AADHAAR card of the applicant for an authorised person
  • Photograph of the applicant
  • PAN of the proprietor or the Business firm
  • TAN
  • GST registration certificate
  • Address proof of the proprietor or the business entity
  • NOC for the shop or the unit
  • Address proof of the unit or the shop

You need to submit all these documents when you apply for the authorised persons’ position with Zerodha.

Zerodha Partner or Franchise Dashboard

Dashboard Link
Zerodha Partner Zerodha Dashboard

Zerodha Partner Dashboard is one of the most advanced and user-friendly dashboards. It has different tabs for different information. The primary tabs are as follows –

  • Client Brokerage: Under this tab, you can check the brokerage paid by all your clients to Zerodha in a month. You can select the month or 30 days you want to check the brokerage generation. This will help you calculate how much revenue share you will be earning for that month.
  • Leads: This tab will show the number of leads you have who have registered using your referral link and also the clients in your network.
  • Invoice: This will give you the details of the invoices you sent for payment to Zerodha. In this tab also, you can see the invoices monthly.

Zerodha Partner Login or Zerodha Franchise Login

For Zerodha Franchise Login, you need to open a trading account with Zerodha. Then apply to become a partner of the firm.

Once your documentation is done, SEBI registration is complete, and you receive the login credentials for your partner’s account, you can log in using the Console offered by Zerodha.

Zerodha Sub Broker Benefits

If you are thinking about why you should become a Zerodha Sub Broker, then these are the reasons –

  • Be a part of the country’s largest brokerage house by trading volume and active clients
  • Potential to earn 50% of the revenue from the client’s brokerage in a month. You can easily earn between Rs. 50000 to Rs. 100000 monthly once you have 100 active clients under your network.
  • The cost of becoming a Zerodha partner is only Rs. 11000, which is one of the lowest in the industry. To top it all, it is not even the security deposit.
  • There are no rigid eligibility criteria, infrastructure requirements, or educational qualifications. However, your interest and knowledge of the stock market can help you become a top partner and build your business.
  • Cheap brokerage rates and excellent products and services help get more clients.

Zerodha Franchise Drawbacks

There are certain drawbacks of the Zerodha Franchise as well, which include the –

  • Single business model – It is not possible to buy a Zerodha franchise; you can only become an authorised partner of Zerodha
  • The revenue sharing rate can be low if you generate low revenue.

Zerodha Partner Program – Conclusion

Becoming a Zerodha Partner is an achievement in itself. It is currently the largest brokerage house by daily trading volumes across leading stock exchanges.

It has more than 3.5 million active traders. So, you can gauge the impact and repute this brokerage house already have.

If you join as an authorised person, you can easily build your own business out of this opportunity by putting in some effort.

Moreover, no security deposit and high revenue-sharing opportunities are some of the many lucrative things you can get with this partnership.

FAQs on Zerodha Franchise Business

Check out the various FAQs on Zerodha Partner Program here –

Does Zerodha have an Authorized Person?

Zerodha being a discount brokerage house, doesn’t have sub-brokership opportunities. However, you can become Zerodha Authorised Person.

How many Affiliate Partners does Zerodha have?

Zerodha has more than 5000 partners, while around 10% are active Affiliate partners.

What are the Zerodha Referral Agents?

The referral Agents of Zerodha are where you can refer clients to the brokerage house and earn 10% of their brokerage and 300 points.

How can I become a Zerodha Associate Partner?

To become an Associate partner of Zerodha or Zerodha Sub Broker, you must apply for a partner account.

You will receive the franchise agreement, which you must complete and submit along with other essential documents like PAN, TAN, AADHAAR, GST registration, address proof, etc.

Then the firm will evaluate and open your partner’s account.

How much can I earn as Zerodha Partner or Dealership?

You can earn 20% to 50% of the revenue generated by the clients in your network. The more revenue is generated by the clients, the rate of revenue sharing increases.

Am I eligible to become a Zerodha Partnership Agency?

If you are 21, you can apply to become a Zerodha partnership agency. This is the only rigid eligibility criteria for becoming a Zerodha partner.

Do I need to have a Zerodha trading account?

You must have a trading account with Zerodha to become their Remisier. You can also open it after applying to become a partner.

How much do I need to invest in becoming Zerodha’s authorized partner?

There is no security deposit requirement for becoming a Zerodha’s authorised person. However, the only sum you need to invest is Rs. 1000, which will mainly go towards SEBI registration and exchange registrations.

How can I track my earnings with Zerodha?

You will get back-office support and a dashboard from Zerodha. You can track all your leads and brokerage made on this dashboard. From this, you can easily calculate your earnings and track them.

Is Zerodha safe to become a partner?

Yes, becoming a Zerodha Franchise or partner can be safe and secure. They offer complete support and are one of the top brokerage houses, so you do not need to worry about your investment.


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