India, Feb. 28 -- Amid the bloodbath in the Indian equities market, Zerodha founder and CEO Nithin Kamath said that the brokerage is seeing a degrowth in its business for the first time in 15 years.

In a post on X, Kamath said, "Across brokers, there's a more than 30% drop in activity. Combined with the true-to-market circular, we are seeing degrowth in the business for the first time since we started 15 years ago."

Kamath said that the markets are "finally correcting", which has resulted in the broking industry seeing a "massive drop" in terms of trades and volume.

It is pertinent to note that the benchmark index Nifty 50 has slumped about 15% from its September peak.

Kamath also opined that the decline in trading volumes shows the s...