Jupiter Money vs Zerodha: Founders, CEOs and History
Jupiter Money was founded in 2019 by Jitendra Gupta, Vishnu Jerome and is led by Jitendra Gupta. Zerodha was founded in 2010 by Nithin Kamath, Nikhil Kamath and is led by Nithin Kamath.
Company facts
Jupiter Money
- Founded
- 2019
- Headquarters
- Bengaluru, Karnataka, India (registered office: Mumbai)
- Current CEO
- Jitendra Gupta
- Employees
- 450
Zerodha
- Founded
- 2010
- Headquarters
- Bengaluru, Karnataka, India
- Current CEO
- Nithin Kamath
- Employees
- 1,100
Founders
Jupiter Money
Jitendra Gupta
Jitendra Gupta is the founder and CEO of Jupiter. A chartered accountant, he founded Citrus Pay in 2011, sold it to PayU in 2016 for about $130 million, and ran PayU India before starting Jupiter in 2019. Jitendra Gupta was born in 1981.
Vishnu Jerome
Vishnu Jerome co-founded Jupiter Money in 2019 alongside Jitendra Gupta. As a highly experienced legal architect (he founded the law firm Jerome Merchant + Partners), he played an absolutely critical role in navigating the incredibly complex, highly restrictiv…
Zerodha
Nithin Kamath
Nithin Kamath co-founded Zerodha in 2010. Having started day trading at age 17 and suffering massive losses during the 2001 dot-com crash and 2008 financial crisis, he was deeply furious at the astronomically high brokerage fees charged by legacy Indian banks.…
Nikhil Kamath
Nikhil Kamath co-founded Zerodha in 2010. A highly skilled, aggressive day trader who dropped out of school at age 14, he provided the absolute critical trading expertise to ensure the platform catered perfectly to high-volume derivative traders, who generate…
CEOs and their tenures
Jupiter Money
- Jitendra Gupta2019–present
Founder & CEO
A chartered accountant and seasoned fintech pioneer who previously founded Citrus Pay (sold to Naspers for $130M) and led PayU India, Gupta has been a prominent architect of India's neobanking sector.
Source
Zerodha
- Nithin Kamath2010–present
Founder & Chief Executive Officer
Has led Zerodha since founding and publishes regular updates on its finances and risks.
Source - Nikhil Kamath2010–present
Co-Founder
As Co-Founder, he acts as the absolute financial mastermind, managing the incredibly profitable proprietary trading and investment arms of the massive, bootstrapped unicorn.
Source - Kailash Nadh2013–present
Chief Technology Officer
As the legendary CTO, he built an absolutely world-class, ultra-lean engineering team capable of processing millions of concurrent trades with virtually zero downtime, severely crippling legacy banking rivals.
Source
Timeline: Jupiter Money and Zerodha side by side
2010Zerodha
Zerodha founded in Bengaluru
Nithin and Nikhil Kamath started operations on 15 August 2010.
2015Zerodha
Free equity delivery and Kite
Zerodha dropped brokerage on delivery trades and moved clients to its own Kite platform.
2019Jupiter Money
Jitendra Gupta and Vishnu Jerome start Jupiter; $24M seed round at about a $70M valuation.
2019Zerodha
Largest Broker by Active Clients
Zerodha became the largest retail stockbroker in India by active clients in 2019.
2021Jupiter Money
Jupiter app launches with Federal Bank; acquires savings app Easyplan; $45M Series B co-led by Nubank.
2021Jupiter Money
December: $86M Series C led by Tiger Global and QED at about a $710M valuation.
2022Jupiter Money
Acquires HR-tech startup sumHR to support salary accounts (disclosed February 2023).
2023Zerodha
Zerodha Fund House launches its first funds
After announcing a mutual fund joint venture with smallcase in April 2023, Zerodha Fund House opened its first two passive index funds, with the offer period running to November 3, 2023.
2024Jupiter Money
FY24 consolidated operating revenue reaches ~$5.94 million (₹51.2 crore); loss narrows 23% to ~$27.1 million (₹233.6 crore).
2024Zerodha
Margin trading facility launched
Zerodha began offering margin trading funding in December 2024.
2025Jupiter Money
October: raises about $15M from Mirae Asset, BeeNext, 3one4 Capital and Gupta at a flat ~$600M valuation.
2026Jupiter Money
Talks to buy a minority stake in SBM Bank India collapse; Jupiter focuses on reaching breakeven.
2026Zerodha
FY26 profit of ~$497 million (₹4,283 crore)
Profit rose about 1.2% while revenue stayed roughly flat.
2026Zerodha
Merchant banking registration
Zerodha Corporate Advisors received a Category-I merchant banking registration from SEBI.
Acquisitions
Jupiter Money
- sumHR2022Undisclosed
- Easyplan2021Undisclosed
- EasyPlan2021Undisclosed
- Mitter.io2021Undisclosed
Questions about Jupiter Money vs Zerodha
Who is the CEO of Jupiter Money and Zerodha?
Jupiter Money is led by Jitendra Gupta and Zerodha is led by Nithin Kamath. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Jupiter Money founded vs Zerodha?
Zerodha was founded in 2010 — 9 years before Jupiter Money, which was founded in 2019. Zerodha's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Jupiter Money.
How many employees does Jupiter Money have compared to Zerodha?
Jupiter Money employs approximately 450 people, while Zerodha employs approximately 1,100. Zerodha has the larger workforce at 1,100 employees, compared to Jupiter Money's 450. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Jupiter Money and Zerodha headquartered?
Both Jupiter Money and Zerodha are headquartered in India. Their local rules and tax obligations may still differ.
Who founded Jupiter Money and Zerodha?
Jupiter Money was founded by Jitendra Gupta, Vishnu Jerome. Zerodha was founded by Nithin Kamath, Nikhil Kamath.
Which company has a longer operating history — Jupiter Money or Zerodha?
Zerodha has been operating for approximately 16 years, making it the more established of the two companies. Jupiter Money has been in operation for around 7 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Jupiter Money vs Zerodha overview