Bengaluru, Oct. 5 -- On completing 15 years of Zerodha, CEO Nithin Kamath reflected on the challenges facing the brokerage business and hinted at a possible change in its business model.

In a blog post on the company's website, Kamath detailed how regulatory changes and market shifts have affected revenues, while outlining Zerodha's long-term vision.

From 2021, Kamath said he had been tweeting about risks to the brokerage industry but often found himself pleasantly surprised on the upside.

Kamath emphasised that Zerodha has the luxury of thinking long-term, without pressure from external investors, allowing the company to continue prioritising customer interests despite short-term volatility.

He also highlighted ongoing investments vi...