According to CEO and co-founder Nithin Kamath, nearly 950 of Zerodha’s 1100 employees will work from home on a regular basis. This will be around 90% of the workforce. Following the pandemic’s closure of numerous offices and workplaces, the corporation has transferred its operations online. He had previously stated that the firm had begun building up satellite offices in smaller towns in Karnataka for its employees working from home.
Kamath stated, “85-90% of our team is working from home and we will continue to do so. We have also set up an office in Belagavi (city in Karnataka).”
“We have a taken a call that we would do permanent work from home and people are enjoying living in their small towns. Belagavi has amazing talent and we have a large team working there. Folks are enjoying Belagavi as a city, are having maids and independent houses which they could never think of affording in Bengaluru,” he shared.
Zerodha is one of India’s most valued firms and one of the few Indian unicorns that has never taken any outside capital. It is also profitable, and the startup’s founders, billionaire brothers Nithin and Nikhil Kamath, still hold a large portion of it.
It was established in August 2010 and is now India’s largest brokerage, with over 9 million clients and 15% of the country’s retail trading volume. Rainmatter, a fintech fund and incubator that has invested in companies, is also part of the brand.
With the likelihood of a fourth wave of Covid-19 on the radar, employees and employers are once again struggling with the same set of questions: should they work from the office, from home, or use a hybrid model? Many brands recently opted amazing changes for employees. For instance Meesho also gave permanently work from anywhere policy lately.
Earlier this year in February, IndiaMART, an online B2B marketplace, has switched to a weekly salary pay disbursement system in order to provide a flexible and supportive working environment for its employees.
The organisation claims it has taken this move to provide stability, purpose, and advancement to employees in keeping with the expanding flexi work culture and shifting motivational demands.
Similarly, IT firm TCS stated that now that things are slowly improving, the company will be returning its staff to work. “However, no more than 25% of its workers would work from an office at the same time,” according to a TCS senior HR manager.