Large brokers like Zerodha and Upstox need to make greater disclosures

- With a pre-tax profit of nearly ₹600 crore in fiscal 2020 and a 2.5 times jump in clients since the outbreak of covid, the firm doesn’t need the funds either
- Yet, while fundraising or an initial public offering (IPO) may not be on its agenda, Zerodha has grown to a very large scale of operations