Tag: Nithin Kamath

Dropping Out to Cashing In: Remarkable Rise of Nikhil Kamath to India’s Youngest Billionaire

Is it just me, or is skipping school or the college exit door like a secret handshake to the world of success and stardom? There are so many dropouts-turned-superstars out there that it’s starting to seem like an underground club, where the membership fee is ditching the classroom.

On a lighter note, we usually encounter successful people who don’t hold a proper or suitable college degree. But such people have created a history that stands as a testimony to their intellect for all the future.

In this article, we explore the journey of one such person, who dropped out of school to later found India’s largest stockbroker – Zerodha. We will explore the success story of Nikhil Kamath, early life, his education, personal life, career, investments, and much more.

Nikhil Kamath Biography

Name	Nikhil Kamath
Birthplace	Shimoga, Karnataka
Date of Birth	September 5, 1986
Nationality	Indian
Education	School dropout
Position	Co-founder and CFO
Net worth	$3 billion (January 2025)

Nikhil Kamath – Early Life & Education
Nikhil Kamath – Career
Nikhil Kamath – Entering the Trading World
Nikhil Kamath – Personal life
Nikhil Kamath – Podcast
Nikhil Kamath – Zerodha
Nikhil Kamath – WTFund
Nikhil Kamath – Personal Investments
Nikhil Kamath – Partner Investments
Nikhil Kamath – Philanthropy
Nikhil Kamath – Controversies
Nikhil Kamath – Awards & Recognitions

Nikhil Kamath – Early Life & Education

Nikhil Kamath was born in Karnataka, India, in 1986. Since his dad was a bank employee, he often got transfers. Nikhil was 9 years old when they finally settled in Bangalore.

Though Nikhil displayed a strong aptitude for mathematics and problem-solving from a young age, he hated the traditional way of taking formal school education. In Bangalore, he attended a local school. Since the school didn’t let him appear for the 10th board exams citing his disinterest in studies as a reason, he decided to drop out of school. Thus, Nikhil didn’t have a formal mode of education after that.

Nikhil Kamath – Career

After dropping out of school in 10th grade, which was a huge decision, Nikhil Kamath’s journey to success was a remarkable tale of determination and resourcefulness.

After leaving school without a clear plan, he found himself working at a call center at the age of 17. To make ends meet, he even faked his birth certificate to land the job, which paid him a meager salary of INR 8,000.

Nikhil Kamath – Entering the Trading World

During those challenging times, he labored at the call center from 4 PM to 1 AM, and in the mornings, he delved into the world of trading. Nikhil learned the ropes of life outside his family’s protective cocoon, and he discovered that it was in the outside world where the real lessons were learned.

Around the age of 18, Nikhil decided to venture into stock trading more seriously. His father entrusted him with some of his savings. This leap of faith from his father marked the beginning of Nikhil’s journey as a trader. He not only managed his father’s money successfully but also convinced his manager at the call center to invest in stocks.

It turned out to be a fruitful endeavor, and soon, others followed suit, allowing Nikhil to manage their funds. In his final year at the call center, he cleverly managed the entire team’s money, which meant he didn’t have to go to work physically, yet he received incentives.

Zerodha’s Inception

Nikhil’s ambition eventually led him to leave his job and team up with his older brother Nithin Kamath, to launch Kamath Associates in 2010, which later evolved into the highly successful brokerage firm, Zerodha. His journey from a call center employee to a prominent figure in the financial world is a testament to his resourcefulness and dedication.

Nikhil Kamath – Personal life

Nikhil Kamath resides in the city of Bangalore, India. His parents are U.R. Kamath, an employee of Canara Bank, and Revathi Kamath. He was married to Amanda Puravankara who was the director of Provident Housing Ltd., Bangalore. The couple reportedly separated within a year of their marriage. Kamath is an avid reader and a chess player.

Nikhil Kamath – Podcast

Nikhil Kamath also hosts a podcast series “WTF is”, in which he interviews industry leaders and close friends in light-hearted but thought-provoking conversations. The program discusses various subjects including technology, social media, alternative energy, and more.

Prime Minister Narendra Modi made his podcast debut with Nikhil Kamath on 10 January 2025. The two-hour episode, titled “People with The Prime Minister Shri Narendra Modi x Nikhil Kamath,” is part of Kamath’s “WTF is” podcast series.

The conversation explored various topics, including PM Modi’s childhood, similarities between politics and entrepreneurship, essential skills for entering politics, governance, and global affairs.

People with The Prime Minister Shri Narendra Modi x Nikhil Kamath

Nikhil Kamath – Zerodha

Zerodha, a game-changing player in India’s trading and investment scene, commenced its operations on August 15, 2010, with a clear-cut mission: to remove the hurdles that traders and investors often faced, especially in terms of cost, support, and technology. The company’s name, “Zerodha,” cleverly combines “Zero” with “Rodha,” a Sanskrit word meaning barrier, to reflect their commitment to this vision.

Today, Zerodha proudly stands as one of India’s largest stockbrokers, thanks to its innovative pricing models and cutting-edge technology developed in-house.

They boast a massive client base of over 1 crore, managing millions of orders daily through their user-friendly investment platforms. Their influence is felt in the trading world, accounting for a significant 15% of all retail trading volumes in India.

Another creation of Kamath, True Beacon is a fee-free investment management company that targets investors with extremely high net worths.

Also, Rainmatter is their venture capital fund and incubator that invests in fintech companies and ventures that promote financial inclusion.

Nikhil Kamath – WTFund

Nikhil Kamath introduced the ‘Innovators Under 25‘ at the most recent WTFund Summit in Mumbai. An inaugural event was held in September 2024, to celebrate the establishment of WTFund, the first non-equity grant fund in India, to support innovation among entrepreneurs under the age of 25. It was a pivotal event for India’s startup ecosystem, showcasing the next generation of innovators ready to shape the country’s future.

The role of young entrepreneurs in creating India’s future was highlighted by Kamath. Anyone, from 25 to 80 years old, may be an entrepreneur and create the next great product. “But, come on, the enthusiasm, determination, and boldness usually come more naturally when you’re younger,” Kamath said.

To support nine startups now and nine thousand young businesses tomorrow, Kamath said, “We’re dedicated to building an India that isn’t afraid to take risks and step outside our comfort zones.” He went on to say that he hopes to aid thousands of startups in the future. Whoever decides to build their own aspirations instead of helping someone else realize theirs will lead India in the coming decade. The diversity of India’s innovation landscape is on full display among the fifteen grantees.

Nikhil Kamath – Personal Investments

Kamath has recently revealed in his podcast about his investment of INR 400 crore in Radico Khaitan for a 1.6-1.7% stake. Additionally, Nikhil has made some significant personal investments:

Announced Date	Organization Name	Lead Investor	Funding Round	Money Raised
September 11, 2023	Pee Safe	–	Series B	₹250 million
June 26, 2023	Mainstreet	–	Seed Round	₹2 million
January 31, 2023	Nourish You	–	Seed Round	₹163.7 million
July 26, 2022	Nas Company	–	Venture Round	₹12 million
March 15, 2022	Licious	–	Series F	₹11.5 billion
February 8, 2022	Kofluence	Yes	Seed Round	₹4 million
January 27, 2022	Growth School	–	Seed Round	₹375 million
April 1, 2021	Third Wave Coffee	Yes	Seed Round	–
March 17, 2021	Vokal	–	Secondary Market	–

Nikhil Kamath – Partner Investments

In addition to his personal investments, Nikhil has also made investments as a partner:

Announced Date	Organization Name	Investor Name	Lead Investor	Funding Round	Money Raised
October 13, 2023	Emoha Elder Care	Gruhas Proptech	Yes	Series B	$11 million
April 5, 2023	Ossus Biorenewables	Gruhas Proptech	Yes	Seed Round	₹197 million
March 15, 2023	Spirit Media	Gruhas Proptech	Yes	Venture Round	–
February 25, 2022	Licious	Gruhas Proptech	Yes	Series F	₹91.4 million
February 17, 2022	Omnipresent Robot Technologies	Gruhas Proptech	Yes	Venture Round	–

Nikhil Kamath – Philanthropy

Nikhil is also known for his philanthropy:

Nikhil Kamath recently joined the list of wealthy people around the world who have signed the Giving Pledge & pledged to donate 50% of their money to philanthropic causes. Notably, Kamath is the youngest Indian philanthropist to join the Giving Pledge.
Kamath also launched the Young India Philanthropic Pledge (YIPP), which mandates the signatories who are below 45 years of age to donate 25% of their fortune with a minimum spend of ₹1 crore per year.
According to the EdelGive-Hurun India Philanthropy List 2022, Kamath donated ₹100 crore of his wealth in 2022, along with his brother and co-founder of Zerodha, Nithin Kamath.

Nikhil Kamath – Controversies

Nikhil Kamath competed in a charity chess match against Viswanathan Anand, a five-time world chess champion. He won the match, much to the amazement of everyone. However, the multibillionaire eventually apologized for beating the chess champion unfairly and acknowledged doing so.

He tweeted, “I had help from the people analyzing the game, computers, and the graciousness of Anand sir himself to treat the game as a learning experience. This was for fun and charity. In hindsight, it was quite silly as I didn’t realize all the confusion that can get caused due to this. Apologies.”

Nikhil Kamath – Awards & Recognitions

Here are some prominent awards and recognitions for Nikhil Kamath:

He was among the Forbes India ‘30 under 30’ young entrepreneurs, in 2016
He was listed as the richest self-made Indian under 40 by ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022’
He made it into Forbes’ list of the world’s billionaires in 2023
The Hurun India Report 2024 ranks Nithin and Nikhil Kamath 8th among self-made entrepreneurs for Zerodha, valued at Rs 64,800 crore.

FAQs

Who is Nikhil Kamath?

Nikhil Kamath is the founder and CFO of Zerodha, which is an online trading service provider company.

Where is Nikhil Kamath birthplace?

Nikhil Kamath was born on September 5, 1986, in Shimoga, Karnataka.

Who are Nikhil Kamath parents?

Nithin was born in Shivamogga, Karnataka, India, to a Konkani family. His father, Late U.R. Kamath, was employed as one of the executives of Canara Bank. His mother, Revathi Kamath, taught him to play the musical instrument, the veena.

When was Nikhil Kamath born?

Nikhil Kamath was born on September 5, 1986. His age is 39 years.

Who are the founders of Zerodha?

Nikhil Kamath and Nithin Kamath co-founded Zerodha.

Where did Nikhil Kamath study?

Nikhil Kamath did not follow a traditional education path. He dropped out of school after completing the 10th grade to pursue his interests in chess, stock trading, and entrepreneurship.

What is Nikhil Kamath net worth?

The net worth of Nikhil Kamath is $3 billion (January 2025).

What is Nikhil Kamath education?

Since the school in Bangalore, didn’t let him appear for the 10th board exams citing his disinterest in studies as a reason, he decided to drop out of school.

How Nikhil Kamath became billionaire?

Nikhil Kamath became a billionaire by co-founding Zerodha, India’s largest discount brokerage, which revolutionized stock trading with its low-cost, user-friendly platform. His success was driven by his expertise in stock trading, strategic thinking, and focus on simplifying investments for retail investors.

January 23, 2025

Nithin Kamath: The Unlikely Billionaire Who’s Shaking Up India’s Stock Market

Nithin Kamath is the Co-founder and Chief Executive Officer (CEO) of Zerodha, the largest stock brokerage firm in India, headquartered in Bangalore, Karnataka. He is an Indian entrepreneur, stockbroker, and columnist for The Financial Express. Nithin gained recognition in the financial industry for his pioneering work in discount broking, which led to Zerodha’s success.

Nithin Kamath has been acknowledged for his achievements and influence in the Indian business landscape. He has received several awards and accolades, including The Economic Times naming him among the Top 10 Businessmen to Watch Out for in India in 2016, specifically highlighting his contributions to discount broking. He also received the Forbes India Leadership Award – Conscious Capitalist of the Year (2019). Additionally, his entrepreneurial endeavors have led to a significant net worth of $1.5 billion.

Zerodha’s success has also been widely recognized. In the IIFL Wealth Hurun India 40 and Under Self-Made Rich List of 2020, Zerodha topped the rankings. This accomplishment further highlights Nithin Kamath’s entrepreneurial prowess and Zerodha’s position as a leading player in the Indian brokerage industry.

Here, in this article, we will learn about Nithin Kamath, his education, personal life, his parents, Zerodha, and more.

Nithin Kamath Biography

Name	Nithin Kamath
Date of Birth	5th October, 1979
Birthplace	Shivamogga, Karnataka, India
Nationality	Indian
Educational Qualification	Bachelor’s in Engineering
Profession	Entrepreneur, Stockbroker, Columnist
Position	Founder & CEO, Zerodha
Net worth	$4.5 billion (January 2025)
Father	Late U.R Kamath
Mother	Revati
Brother	Nikhil Kamath
Spouse	Seema Patil
Son	Kiaan Kamath

Below is Nithin Kamath’s portfolio and his success story.

Nithin Kamath – Personal Life
Nithin Kamath – Education
Nithin Kamath – Career
Nithin Kamath – Success Story
Nithin Kamath – Founder & CEO of Zerodha
Nithin Kamath – True Beacon
Nithin Kamath – Rainmatter
Nithin Kamath – Personal Investments
Nithin Kamath – Honors & Awards
Nithin Kamath – Fun Facts

Nithin Kamath – Personal Life

Nithin Kamath's Family — **Nithin Kamath’s Family**

Nithin was born in Shivamogga, Karnataka, India, to a Konkani family. His father, U.R. Kamath, was employed as one of the executives of Canara Bank. His mother, Revathi Kamath, taught him to play the musical instrument, the veena.

He also has a younger brother, Nikhil Kamath, in his family who is the Co-founder at Zerodha. Nithin Kamath’s wife is Seema Patil; they both got married in 2008. He loves to play basketball. The couple is also blessed with a son named Kiaan.

Nithin Kamath had a mild stroke in January 2024. He shared this news in a LinkedIn post. His story shows how important it is to care for your heart and brain health.

Kamath, known as a fitness lover, said his stroke was caused by stress, lack of sleep, tiredness, and over-exercising. His experience reminds us to keep a balance in life, exercise in moderation, and get enough rest.

Nithin Kamath's LinkedIn Post — Nithin Kamath’s LinkedIn Post

Nithin Kamath – Education

Nithin Kamath’s education journey began during his childhood when he traveled across India while accompanying his father’s profession. Eventually, he settled in Bangalore in 1996, where he completed his secondary education and college studies.

Nithin Kamath’s formal education culminated with his graduation from Bangalore Institute of Technology, where he specialized in Electronics and Telecommunications. His academic background in this field likely contributed to his technical expertise and understanding of the evolving financial technology landscape.

Nithin Kamath – Career

During his early years, Nithin Kamath exhibited a passion for trading and entrepreneurship. Here is a revised overview of his professional journey:

Early Trading Experience: At the age of 17, Nithin began managing his father’s trading account, which allowed him to gain practical experience in the financial markets while still pursuing his studies.
Self-Employment as a Proprietary Trader: While in college, Nithin became a self-employed proprietary trader from January 1997 to January 2004. This period allowed him to further refine his trading skills and gain a deeper understanding of market dynamics.
Work in a Call Center: Due to a lack of trading capital, Nithin worked at a call center for three years. He traded during the day and worked as a Senior Telesales Executive in a call center-focused company from January 2001 to June 2004.
Sub-Broker and Portfolio Advisory Services: Nithin began his professional career as a sub-broker, partnering with Kamath Associates, which operated as a franchisee of Reliance Money. During this time (January 2004 to January 2010), he provided portfolio advisory services and engaged in proprietary trading.
Co-founding Zerodha: In late 2010, Nithin Kamath, together with his younger brother Nikhil, founded their stock brokerage firm, Zerodha. This marked the beginning of their entrepreneurial journey, aimed at revolutionizing the brokerage industry in India through the introduction of discount broking and innovative trading technologies.

Zerodha founder Nithin Kamath’s experiences as a trader, work in a call center, and his tenure as a sub-broker provided him with valuable insights and paved the way for the establishment of Zerodha, which has become one of the largest retail stock brokerage firms in India.

Nithin Kamath – Success Story

Nithin Kamath’s success story is intricately linked to the founding and growth of Zerodha, which has brought about significant disruption in the brokerage industry. Nithin drew inspiration from NSE’s free trading platform called ‘NOW’ as he observed the need for change in the industry.

With a decade of experience in trading the stock markets, Nithin recognized the challenges and limitations faced by traders, which led him to establish Zerodha. He aimed to alleviate the fatigue associated with the pursuit of stock market trading and create a brokerage firm that addressed the barriers traders encountered. The name Zerodha itself is a combination of “Zero” and “Rodha,” the Sanskrit word for barrier.

In 2010, Nithin and his brother, along with a team of five people, embarked on their entrepreneurial journey. Zerodha initially focused on serving day traders, and over time, the venture experienced significant growth. The company’s disruptive pricing models and in-house technology played a pivotal role in propelling Zerodha to become one of the largest stockbrokers in India in terms of active retail clients.

Through their innovative approach, Zerodha has reshaped the brokerage landscape, making trading more accessible, affordable, and efficient for retail investors. Nithin Kamath’s vision and commitment to driving positive change have played a significant role in the success of Zerodha.

Nithin Kamath – Founder & CEO of Zerodha

Nithin Kamath – Zerodha Logo

Nithin founded Zerodha in August 2010 and has a, physical presence across several major cities in India. It is considered India’s one of the largest brokerage firm. Zerodha entered the Unicorn Club in June 2020 with a self-assessed valuation of $1 billion. Today’s online stock brokerage platform has over 22 lakh active users with three million trades daily.

How does Zerodha work?

Zerodha offers trading in equities, currencies, bonds, commodities, and mutual funds. An investor needs to pay Rs.300 to open a Zerodha account. They provide free equity delivery investments.

Equity delivery, equity intraday, futures, and options variably charge Security transaction tax. A flat fee of Rs.20 is asked for every trade, irrespective of its size, without a brokerage fee. Nearly 2 lakh Zerodha accounts add up every month. The Zerodha login and interface are also easy to navigate and are designed to help beginners.

Zerodha Kite, a new addition to Zerodha, is an online trading software that allows its users to trade at BSE, NSE, and MCX. It’s a front-end application that is built in-house by Zerodha engineers. Zerodha margin calculator is another popular tool that lets its customers calculate the margin required for futures contracts.

How does Zerodha make money?

Nithin Kamath shared on 20 January 2025 that Zerodha now has over 1.6 crore users, with 30% of them joining through referrals, all achieved without any advertising.

Over 1.6 crore Indians trade and invest with us. Almost 30% of these investors came to us through referrals by other Zerodha customers. All Zerodha investors today trust us with 6 lakh crores of their assets.

We may be the only B2C company to have reached this scale without ever… pic.twitter.com/kJTX7xs6Qp

— Nithin Kamath (@Nithin0dha) January 20, 2025

Zerodha is a low-cost trading service; it also has free add-ons that attract millions of customers to trade or invest in the stock market and pay brokerage to Zerodha. Besides that, it is an online platform that helps reduce operational costs and helps them scale up their business. Zerodha also spends money on advertising or marketing.

New data from NSE says Groww, backed by investors like Sequoia Capital and Tiger Global, is now the top player by active clients. It marked the end of Zerodha’s long streak as India’s biggest brokerage firm with the most active users. In September, Zerodha’s market share stayed at 19.4%, but Groww’s went up to 19.9%.

Nithin Kamath – True Beacon

Nithin, along with his brother, founded True Beacon, an investment management firm. The venture is aimed at ultra-high-net-worth investors and operates on a zero-free model. The Annual Maintenance Contract (AMC) does not charge an account on the grounds of an account opening fee, redemption fee, and maintenance fee. At the end of the financial year, it charges a 10% performance fee on the gains from the investor.

The Zerodha Universe

Nithin Kamath – Rainmatter

Nithin Kamath – Rainmatter Logo

Nithin Kamath’s Rainmatter is a Bengaluru-based financial technology startup fund and incubator founded by Nithin in 2015. The company is an initiative by Zerodha that would ensue funds and incubate innovative startups. Moreover, it has invested in various startups to achieve the goal of growing the Indian capital markets.

Rainmatter Climate works on funding startups and grassroots organizations working on climate change. As per regulatory filings, Nithin, his wife Seema, and his brother Nikhil have been appointed directors of the venture, Rainmatter Land Development. The paid-up capital for this new venture is INR 10 lakh.

Nithin Kamath – Personal Investments

Zerodha CEO Nithin Kamath has made quite a few personal investments and they are mentioned as below:

Date	Company Name	Round	Amount
Sep 12, 2023	Pee Safe	Series B	$3M
Dec 27, 2022	The Whole Truth Foods	Series B	$15M
Aug 26, 2022	GalaxEye	Seed	$3.52M
Jul 04, 2022	Climes	Seed	$1.2M
Apr 28, 2022	AssetPlus	Series A	$3.6M
Mar 28, 2022	Ultrahuman	Series B	Undisclosed
Mar 15, 2022	Licious	Series F	$150M
Feb 07, 2022	Invact	Seed	$5M
Dec 27, 2021	Kalvium	Seed	$1.7M
Dec 17, 2021	Kredily	Seed	Undisclosed
Oct 25, 2021	BankSathi	Seed	$533K
Oct 11, 2021	Stoa	Series A	$1.6M
Jul 24, 2021	The Whole Truth Foods	Series A	$6M
May 19, 2021	AgniKul	Series A	$11.1M
Apr 05, 2021	Even	Seed	$5M
Mar 31, 2021	Kudos Finance and Investments	Seed	$664K
Mar 20, 2020	ImStrong	Seed	$397K

Nithin Kamath – Honors & Awards

Nithin Kamath has received several honors and awards throughout his career. Here is a revised list:

Emerging Entrepreneur Award (2014) – Conferred by the Confederation of Indian Industry (CII) in recognition of Nithin Kamath’s entrepreneurial accomplishments.
Emerging Brokerage Firm of the Year (2014) – Awarded by BSE and Dun & Bradstreet, acknowledging Zerodha’s emergence as a prominent brokerage firm.
Emerging Brokerage Firm of the Year (2015) – Recognized by BSE and Dun & Bradstreet, highlighting Zerodha’s continued growth and success in the brokerage industry.
Featured Among Top 10 Indian Businessmen to Watch Out for in 2016 – The Economic Times included Nithin Kamath in this prestigious list during their annual business review, recognizing his influential role in the industry.
Forbes India 30 under 30, Finance (2016) – Ranked by Forbes India in their prestigious list of young achievers, specifically in the finance category.
Startup of the Year (Bootstrap) 2016 – Awarded by The Economic Times, acknowledging Zerodha’s successful establishment and growth as a bootstrapped startup.
IIFL Wealth Hurun India 40 and Under Self-Made Rich List 2020 – Zerodha secured the top position in this list, highlighting the financial success of Nithin Kamath and the company’s achievements.

These honors and awards serve as a testament to Nithin Kamath’s entrepreneurial prowess and Zerodha’s notable contributions to the brokerage industry in India.

Nithin Kamath – Fun Facts

Nithin Kamath’s interests and hobbies add further dimension to his profile. Here’s a revised version:

Collecting Memorabilia: Nithin Kamath is known to have acquired a football jersey signed by the legendary footballer Lionel Messi at an auction, showcasing his appreciation for sports and collectibles.
Active Lifestyle: Nithin enjoys various physical activities, such as running, cycling, and swimming, which contribute to his active and healthy lifestyle. Additionally, he has a penchant for playing the guitar, showcasing his passion for music.
Inspirations: Nithin Kamath has drawn inspiration from notable Indian businessman Azim Premji, appreciating his accomplishments and perhaps incorporating some of his principles into his entrepreneurial journey.
Literary Interests: Nithin Kamath is an avid reader, and one of his favorite books is “Market Wizards” by Jack Schwager, indicating his interest in investment and financial literature.
Musical Preferences: Pink Floyd is Nithin Kamath’s favorite band, showcasing his appreciation for their music and potentially reflecting his taste for classic rock.
Early Trading Experience: Nithin Kamath started his trading journey at the age of 17, demonstrating his early passion for the financial markets.
Other Interests: Nithin Kamath is a martial arts enthusiast and also enjoys playing poker, indicating his diverse range of interests beyond the realm of finance and entrepreneurship.

FAQs

What is Zerodha owner name?

Nithin Kamath and Nikhil Kamath are the owners of Zerodha.

What is Nithin Kamath’s net worth?

Nithin Kamath’s net worth is $4.5 billion (January 2025).

What is Nithin Kamath’s salary?

According to various reports (2023), Nithin Kamath receives a monthly salary of INR 4.16 crore as his basic pay. In addition, he also receives INR 2 crore as a house rent allowance, INR 1.6 crore as other perquisites, and an additional INR 41 lakhs as various allowances.

What is Nithin Kamath date of birth?

Nithin Kamath was born on 5th October 1979. Nithin Kamath age is 45 years.

What is Nithin Kamath education qualification?

Nithin completed his bachelor’s in electronics and telecommunications from the Bangalore Institute of Technology.

Who is Nitin Kamath wife?

Seema Patil is Nithin Kamath’s wife.

Who is Nithin Kamath’s brother?

Nikhil Kamath, a co-founder of Zerodha, is Nithin Kamath’s brother.

Who is in Nithin Kamath family?

Nithin Kamath is married to Seema Patil, who is also actively involved in Zerodha’s operations. They have a son together. Nithin’s brother, Nikhil Kamath, is his co-founder at Zerodha and handles key business areas like trading and investment strategy. The Kamath family is known for their simple lifestyle and focus on fitness and health.

Who are Nithin Kamath children?

Nithin Kamath and his wife Seema Kamath have a son named Kian Kamath.

What is Nithin Kamath’s mother tongue?

The mother tongue of Nithin Kamath is Konkani.

What inspired Nithin Kamath to start Zerodha?

Nithin Kamath drew inspiration from NSE’s free trading platform ‘NOW’ and recognized the need for disruption in the brokerage industry. He aimed to make trading more accessible and affordable for retail investors, which led to the establishment of Zerodha.

Who are Nithin Kamath parents?

Is Zerodha good for beginners?

The flat fee model of Zerodha is as low as Rs. 20, which is why many beginner-level traders prefer Zerodha.

How can I get started with Zerodha?

To start trading with Zerodha, you can visit their official website and follow the account opening process. It usually involves providing your personal and financial details and completing the necessary documentation. Zerodha offers online account opening and a seamless onboarding experience.

January 22, 2025

Zerodha Launches a Trading Platform for Borrowed Funds

The margin trading feature (MTF), which Zerodha has introduced, enables users to trade on borrowed funds on the platform. Nithin Kamath, founder and CEO of Zerodha, said on X on December 19, “I don’t know if it is a good time with the markets falling, but we are finally launching MTF (margin trading facility), which allows you to buy stocks for delivery by borrowing money from us.” However, Zerodha cautioned against utilising MTF in its blog post. Its post stated that trade with caution because leverage is like a weapon of mass destruction, and MTF is a leveraged product.

Platform to Charge 0.04%

Zerodha claims that because keeping a stock purchased through an MTF has a cost, time is working against the user while engaging in a leveraged trade. It is important to mention that the platform will charge a daily fee of 0.04% of the funded amount. On the site, users are able to borrow up to 80% of the transacted value. “This reduces the potential profits the longer you hold,” Zerodha stated. Speaking on the subject, Kamath claimed that clients who trade for delivery frequently overlook the effect of borrowing costs, which results in a larger loss. However, MTF has expanded significantly over the past three to four years, and almost everyone now offers it.

The Feature is Added on Demand

Given the extent of consumer demand for the feature, it aligned perfectly for Zerodha to roll out this new feature. With the launch of its new product, Zerodha anticipates a 30% drop in trades on its online broking platform due to the Securities and Exchange Board of India‘s (SEBI) new derivatives framework. Nonetheless, the business was able to increase its consolidated revenue from INR 6,832.8 Cr to INR 9,372.1 Cr for the fiscal year that ended in March 2024 (FY24), a 37.16% increase.

Sebi acknowledged the speculative nature of index derivatives trading on October 1 and issued a set of instructions aimed at lowering risks for retail traders in the F&O market. One of the main instructions is that option buyers must pay the premiums beforehand; formerly, traders could pay the premium after the trading day. Traders must now pay the entire premium at the time of order placement under the new regulation.

The market regulator has also implemented other significant steps, such as restricting weekly index expiries to a single exchange and raising the minimum contract size for index derivatives, which will make them less available to smaller retail traders. 93% of retail traders in the F&O category lost money between FY22 and FY24, according to a recent Sebi report, while only 1% of them made earnings of more than INR 1 lakh yearly. 89% of retail traders in the category lost money between FY19 and FY22, according to a previous Sebi survey.

SEBI Tightens Rules for SME IPOs to Protect Investors

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December 19, 2024
Nithin Kamath Expects Sebi’s New F&O Standards to Impact Zerodha’s Operations

According to Zerodha’s cofounder Nithin Kamath, recent actions taken by the Securities and Exchange Board of India (Sebi) regarding futures and options (F&O) trading are predicted to have a nearly 30% negative impact on Zerodha’s business and cut the company’s overall F&O trading volumes by 60%. Kamath further stated that the company will determine its pricing structure following the implementation of the new rules on November 20.

As it stands, over 60% of all F&O trades and roughly 30% of all orders will be impacted, assuming that those who trade weekly don’t switch to trading monthly. Kamath posted on X. I suppose that as of November 20th, everything will become much more apparent. He continued, “We will then consider the impact on the business when deciding on our change in pricing structure.”

Market Regulator Releasing Key Directives

The market regulator acknowledged the speculative nature of index derivatives trading on October 1 and issued a set of instructions aimed at lowering risks for retail traders in the F&O market. One of the main instructions is that option buyers must pay the premiums beforehand; formerly, traders could pay the premium after the trading day. Traders must now pay the entire premium at the time of order placement under the new regulation.

The market regulator has also implemented other significant steps, such as restricting weekly index expiries to a single exchange and raising the minimum contract size for index derivatives, which will make them less available to smaller retail traders.

93% of Retail Traders Suffered Losses

93% of retail traders in the F&O category lost money between FY22 and FY24, according to a recent Sebi report, while only 1% of them made earnings of more than INR 1 lakh yearly. 89% of retail traders in the category lost money between FY19 and FY22, according to a previous Sebi survey.

From 5.1 million retail merchants in FY22 to 9.6 million in FY24, the number of traders on Dalal Street has almost doubled. This sharp rise raised concerns that savings are shifting from safe investments to high-risk ventures in the F&O sector.

Zerodha’s Additional Concern

Stricter guidelines regarding the referral program are among the additional threats mentioned by Zerodha. The business announced that it has relied on word-of-mouth recommendations from customers since its inception to run sizable partner and referral programs. When customers brought in new customers, the company rewarded them with a small cut of the broking as a commission.

These distributions must now halt because the exchanges released new criteria stating that only Authorised Persons (AP) who have registered on the exchanges may receive payouts. As a result, growth will be impacted as thousands of referrers will now be limited to a small number of registered APs.

Nithin Kamath: Education | Family | Zerodha

Nithin Kamath is a Co-founder of the brokerage company Zerodha and Rainmatter. Know about Nithin Kamath’s education, family, children, success story, etc. Learn more about him on Nithin Kamath Wikipedia.

StartupTalkyMegha Rani

October 7, 2024
List of 10 Youngest Self-made Billionaires in India
Our India stands as the second-largest population in the world with a rapidly thriving economy over the past few decades. Before India’s Independence, agriculture played a vital role in developing the economy.

Following the 21st century, we have witnessed numerous entrepreneurs arising in every corner of India with a motive to bring a prosperous future for Indians.

Conscientiously, India became the third-largest in terms of real Gross Domestic Product (GDP) after the United States of America and China. Because of this fact, our entrepreneurs are the sole reason for the success of the Indian Economy, which stated that over 58.5 million entrepreneurs are there in India, of which nearly 13% are women.

Without any background or experience, some self-made business people took the determination to create a miracle in burgeoning the economy and ultimately becoming the richest entrepreneur at a very young age.

Youngest Self-Made Richest Entrepreneurs in India

Nithin Kamath
Nikhil Kamath
Divyank Turakhia
Ankit Bhati
Bhavish Agarwal
Vijay Shekar Sharma
Binny Bansal
Sachin Bansal
Ritesh Agarwal
Deepinder Goyal

Nithin Kamath

Net Worth – $1.5 Billion
Founded – Zerodha
Education – Graduation in engineering

Nithin Kamath – Youngest Billionaire in India

With an aim of breaking all barriers which are faced by investors and traders in India regarding cost, technology and support. Nithin Kamath, a Chartered Accountant (CA) took part in building a hassle-free online discount brokerage firm- Zerodha. He is the Founder as well as the CEO of Zerodha. He is mostly known for tweeting educational and informative content on social media.

Ultimately, the company became India’s first discount brokerage firm, after it was founded in the year 2010. As of 2021, Zerodha is said to have over 5 million active clients. The net worth of Nithin Kamath is INR 14500 Crores.

Nikhil Kamath

Net Worth – $1.5 Billion
Founded – Zerodha
Education – School Dropout

Nikhil Kamath – Youngest Billionaire in India

Nikhil Kamath is the Co-founder of India’s biggest trading platform, Zerodha. Although he dropped out of his school at a young age, he hustled and secures a job in a call centre, when he was just 17. Nikhil Kamath, after getting into trading along with his brother founded Zerodha. When he got into stock markets, he decided to start trading.

Zerodha solves all the problems and barriers faced by traders and investors. The current net worth of Nikhil Kamath is INR 11100. Zerodha was founded by Nikhil Kamath and his brother in the year 2010. He is one of the richest self-made billionaires in India at the age of 40.

Divyank Turakhia

Net Worth – $1.76 Billion
Founded – Media.net
Education – Graduated from Narsee Monjee College of Commerce and Economics

Divyank Turakhia – self made Billionaires in India

Divyank Turakhia being tech-savvy, began his career in coding at the age of 8 and mastered every aspect of computer programming. He was born on 29th January 1982 and did his schooling at Arya Vidya Mandir in Bandra and holds a degree in the field of Commerce and Economics from Narsee Monjee College in Mumbai. He founded media.net and later sold it to Chinese consortium for $900 million.

According to IIFA Wealth, He is the second richest self-made entrepreneur under 40, and his net worth is estimated to be 12,500 crores.

Ankit Bhati

Net Worth – $615 Million
Founded – Ola
Education – IIT Bombay

Ankit Bhati – Youngest billionaire in India

Ankit Bhati is the Co-founder and was the former CTO of one of India’s most popular and used ridesharing Ola Cabs. Ola Cabs was founded in the year 2010. . Recently, Ankit Bhati has launched a new SaaS startup named Amnic. The net worth of Ankit Bhati is INR 1600 Crores. With the increasing demand for ridesharing systems, Ola Cabs are one of the two ridesharing companies that are dominating the Indian market.

Bhavish Agarwal

Net Worth – $990 Million
Founded – Ola
Education – IIT Bombay

Bhavish Agarwal – Youngest billionaire in India

In recent times, Ola resulted in a turning point in the development of the Indian economy, where people encountered comfortable rental transport at an affordable rate. Bhavish Aggarwal commenced their idea of innovating technology-based cab services in India and started Ola and became one of the richest entrepreneurs with a net worth of close to INR 7500 Crores.

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Vijay Shekar Sharma

Net Worth – $1.3 Billion
Founded – Paytm
Education – Bachelor of Engineering from Delhi College of Engineering

Vijay Shekhar Sharma – Youngest billionaire in India

Vijay Shekhar Sharma is one of those Indian billionaire businessmen who achieved many things at such a young age. He is none other than the founder and chief executive officer of the financial technology firm, Paytm. He sold the website that he created while in college, named indiasite.net for $1 million.

He then started One97 Communications where they provided people with exam results, cricket scores, ringtones and jokes. In 2010 it became the parent organization of Paytm. In 2017, Forbes ranked him as India’s youngest billionaire and in the same year, he was headlined in Time Magazine’s World’s 100 Most Influential People 2017 List.

Berkshire Hathaway’s Warren Buffet subsidized $300 million in the business in 2018. And again in 2020, Forbes featured him as the 62nd richest person in India and his net worth is $2.3 billion.

Binny Bansal

Net Worth – $1.3 Billion
Founded – Flipkart
Education – Graduate from IIT Delhi

Binny Bansal – Self-made Billionaires in India

Binny Bansal is the founder of the e-commerce platform named Flipkart. He co-founded Flipkart in 2007 and now he has become one of the biggest names in the Indian e-commerce industry. At first, Binny Bansal worked at Sarnoff Corporation, Binny Bansal completed his degree in computer engineering from IIT Delhi. He was the former CEO of Flipkart.

Flipkart was launched in 2007, at first it was more like a small book store, then it become an e-commerce platform. In 2018, Walmart acquired Flipkart. Today the valuation of Flipkart is around $37.8 billion.

Sachin Bansal

Net Worth – $1.3 Billion
Founded – Flipkart
Education – Graduate from IIT Delhi

Sachin Bansal – Self-made Billionaires in India

Sachin Bansal is an Indian entrepreneur who co-founded one of the most popular Indian e-commerce platforms Flipkart. Flipkart is an e-commerce company that is famous for selling consumer electronics, fashion, groceries and lifestyle-related products. Flipkart was acquired by Walmart in 2018. Sachin Bansal got his degree in Computer Engineering after attending IIT Delhi and founded Flipkart along with Binny Bansal. The net worth of Sachin Bansal is INR 8848 Cores.

Ritesh Agarwal

Net Worth – $1.1 Billion
Founded – Oyo Rooms
Education – College Dropout

Ritesh Agarwal – Youngest Billionaire in India

This 27-year-old Ritesh Agarwal is one the youngest billionaire in 2021 in India. He is the Founder and CEO of OYO Rooms. He commenced OYO Rooms as a small lodging portal under budget.

In 2012, it was added to the accelerator program by Venture Nursery. In 2013, it won $100,000 in the Thiel Fellowship program and in 2013, he launched OYO Rooms. The company was a success and the stakes tripled when Agarwal purchased $2 billion worth shares in the company.

He is named in the Forbes 30 under 30 list for Asia and also is nominated for the Business World Young Entrepreneur Award. As per reports, Ritesh Agarwal’s net worth is around $1.1 billion.

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Deepinder Goyal

Net Worth – $650 Million
Founded – Zomato
Education – Graduate from Indian Institute of Technology, Delhi

Deepinder Goyal – Self made Billionaire in India

Deepinder Goyal is the founder of Zomato, which delivers food from restaurants to every corner of the city. Foodiebay was the name of the firm when they initially started, that is in 2008 and later in 2010, they renamed the company Zomato when the company gained popularity among the people.

It also acquired Cibando, Gastronauci, Poland’s restaurant search assistance in 2014, and Seattle founded Urbanspoon, it turned out to be their massive gain. As per the report, Deepinder Goyal’s current net worth is around Rs 2,200 crore.

Conclusion

Our entrepreneurs are the sole reason for the success of the Indian Economy. Many fresh talents are rising from the corners of the country and are giving a hand in creating a prosperous. As of 2021, there are many such successful entrepreneurs, here we have just mentioned a few.

FAQs

Who is the youngest self-made billionaire in India?

Nikhil Kamath, the co-founder of Zerodha is India’s youngest billionaire at the age of 34.

Who is the youngest self made billionaire entrepreneur in the world?

Austin Russell founder of Luminar Technologies is the world’s youngest self-made billionaire.

Who is India’s youngest millionaire entrepreneur?

Sunil Butolia is India’s youngest millionaire at the age of 18.

Who are self made entrepreneurs?

Self made entrepreneurs are the people who have started with a lack of money, education, or social status and have become both rich and successful through their own efforts.

Who is the world’s youngest billionaire?

The world’s youngest billionaire is German heir Kevin David Lehmann, who is just 19.

How many Indian billionaires are there now?

Currently, there are 215+ Indian billionaires, with 58 new additions, as of March 2022.

Who are the top youngest billionaires in India?

The top 10 youngest billionaires in India are:
- Nithin Kamath
- Nikhil Kamath
- Divyank Turakhia
- Ankit Bhati
- Bhavish Agarwal
- Vijay Shekar Sharma
- Binny Bansal
- Sachin Bansal
- Ritesh Agarwal
- Deepinder Goyal
April 4, 2022
Why is Zerodha not Raising Funds for its operation?
Some people are frightened to invest lakhs of lakhs in IPOs or shares. Because apparently, no one is ready to fund a hefty amount on any such financial startup services other than renowned organisations like Bitcoin or Cryptocurrency. But an Indian tech-finance company launched with the aim of offering retail brokerage, IPOs & Stocks, Government securities, currencies and commodities, bonds and mutual funds at a low-cost rate. If any finance platform offers a discount on the mutual fund or bonds, then people usually entice to such a maxim.

Besides, it isn’t anticipating any such return from the trader or users sides. This is why Zerodha became the talk of the town in terms of generating discounts without expecting to raise its fund resource.

Factually, Zerodha is the first discount broker organisation in India with no barriers in trading. Instead of investing a huge amount in uncertain things that make us vex on second thoughts, two brothers- Nitin Kamath and Nikhil Kamath joined together in building a trustworthy relationship among investors by reducing commission on the transactions.

Both the brothers launched Zerodha in 2010, by enabling customers to buy or sell stocks on their platform. And by 2016, the company crossed over 1 lakh active clients and stands as the largest brokerage firm in India by active client base. As of 2021, Zerodha valued over 1 billion dollars with more than six million active clients.

What is Zerodha?
Why Zerodha isn’t raising funds?
What are the revenue sources of Zerodha?
FAQ

How does Zerodha work

Zerodha is a barrier-free brokerage model, which offers discounts on online trading services, wherein they reduce operational costs. The firm always function with a sole aim to generate low-cost financial services to people and offers other services such as-
- Retail brokerage, where the clients are asked to pay a flat fare of 20 rupees on the trading commodities and delivery equity is no-cost.
- Zerodha trades wholly-owned entities or commodities to those registered clients.
- Zerodha broke the record of generating 25% returns on the investment funds in its first year, which didn’t even happen to NIFTY.
- Zerodha became a venture capital firm and aided other startup companies in their initial stages of business, for instance, Zerodha funded Smallcase and ERPNext startups.
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Why Zerodha isn’t raising funds?

In April 2021, the founder of Zerodha Nithin Kamath repudiated offers in raising funds to their firm from notable financial organisations created a buzz in the business world. Currently, the firm is running stable for its clients without any defile. The founder cleared the air by saying “No need to raise funds just because someone is ready to give it to you” and financially the firm is profitable and has zero debt.

People may wonder, how does Zerodha raise funds? But this firm is really playing astute in the business world by not investing much on marketing and advertising.

So the reason behind not raising funds is that ‘they’re not ready to accept unwanted money just because someone is offering to’ and moreover, there is no need to raise funds as the corporation is not spending a penny on any selling-cost and ultimately becoming more profitable being a discount brokerage firm in India with a reputed brand name in the country.

Last 2 years have been spectacular for @zerodhaonline. Lucky to be at right place right time, ready with products & initiatives when there was a surge in retail participation. With success, what I say gets valued more 😬Here are a few questions that we get asked frequently 1/11

— Nithin Kamath (@Nithin0dha) May 28, 2021

Number of active clients with Zerodha

What are the revenue sources of Zerodha?

Zerodha doesn’t have a well structured and diverse revenue model but being the top used company for stock trading and with the increasing number of users turning to stock trading and in turn, leading to increased users of the platform has resulted in making the simple revenue model of the company profitable. The company earns its revenue mainly from two sources.

Transaction Charges:

Zerodha earns Rs.20 or 0.03 percent whichever is less for each and every F&O and intraday equity transaction. Futures & Options (F&O) are a major type of stock derivative trading in the share market. It is a type of contract where two parties sign to trade a stock asset at a predetermined value on a later date.

Account maintenance Charges:

Zerodha also charges its users annually for maintenance of the account of the user. The fee levied by the company on its users is Rs.300 per annum. With the increasing number of users, the company has earned quite an extensive amount that contributes to the major portion of the company’s revenue.

The company follows the principle of Low Margin and High Volume Model. That is they collect less margin for every transaction but by having a large number of users and increasing transactions, the company earns its revenue.

With the company doing its business online, the operational cost is minimal and doesn’t lead to unnecessary expenditure that would have been required in the case of a brick and mortar financial services company.

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Conclusion

The people in the current world are very informed about the happenings around them and have found that the stock market can be profitable even with the risk that comes with it, unlike years before only when few people were trading in the stock market. With the increased participation comes the need for a financial services company that offers the best services to the investors and that is safe and secure.

Zerodha has proved to be that company by charging only a discounted brokerage rate and having not faced any major violation from SEBI and other exchanges since its inception and the trust it has built with its 7 lakh and more users across the globe.

FAQ

What is Zerodha?

Zerodha is a financial services company founded in 2010 that offers services like retail brokerage, currencies and commodity trading, mutual funds and bonds. The Bangalore based company is the largest stock broker company in India in terms of active client base.

What is the revenue of Zerodha?

The revenue of Zerodha as of 2020 is INR 1,093.64 crores INR. The company earned a revenue of more than INR 1500 crores for the financial year 2020-21 which is an 80 per cent growth in the revenue from the previous financial year.

Who founded Zerodha?

Zerodha was founded by brothers Nithin Kamath and Nikhil Kamath in August 2010. Nithin Kamath was previously working as a sub-broker in Reliance money where he felt that retail investors required more and started Zerodha which is the first discount brokerage in India.
August 26, 2021
Unknown Facts about Nithin Kamath you might not know

The youngest self-made billionaire in India, Nithin Kamath is the CEO and co-founder of the largest stockbroking company- Zerodha in India. Zerodha is quite a prominent company that started in 2010 as a brokering business.

Later, Nithin Kamath along with his brother Nikhil Kamath built the company into a huge fintech independent business whose valuation is now marked as 1 billion dollars. Nithin Kamath has always been absolutely devoted, determined and daring with his business. He never missed a step to success! That’s the sign of a true entrepreneur and catalyst for development.

Nithin Kamath entered the world of the stock market at the age of 17. He has been a trader for all time. Many ups and downs came with the territory but Nithin Kamath has always been uptight with his work. From earning Rs. 4 lakh by just being in college to losing the entire money in a chance and ended up working in a call center on a monthly pay of Rs. 12,000. He has seen it all in little time.

Moreover, Nithin Kamath is also the founder of Rainmatter which is a fintech startup fund as well as an incubator in order to contribute to India’s capital markets ecosystem. In this article, we have discussed some of the very interesting and lesser-known facts about Nithin Kamath. Stay tuned!

Nithin Kamath Dropped out of college
Nithin Kamath is an avid reader
Nithin Kamath lost almost Rs 5 lakh during his teenage
Nithin Kamath owns True Beacon
How the Events turned from Call Center for Nithin Kamath
Nithin Kamath is a big Fan of music and Sports
Nithin Kamath is Trading since the age of 17
FAQ

Nithin Kamath Dropped out of college

Nithin Kamath dropped out of college at the age of 14. Then he joined a two-year chess career, playing both international and national levels.

In an interview with CNBC, he said, “As I dropped out of college I didn’t have a degree so it would have been very tough to get a job. That’s why I chose a career that did not require a college degree.” He also added, “Chess is something that teaches you how to move in a structural system and also, how to be creative and smart.”

Nithin Kamath is an avid reader

Very few know this, but Nithin Kamath is an avid reader. He is a self-professed bibliophile. His favourite Book is Market Wizards written by Jack Schwager. In fact, he has more than 500 books. And said, he reads at least one or two books every week. This keeps him calm and fresh to new thoughts.

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Nithin Kamath lost almost Rs 5 lakh during his teenage

When Nithin Kamath was in his teenage years, he lost almost Rs. 5 lakh. Obviously, this is a huge amount for a teenager. But he kept on moving, he didn’t pack up his career in trading.

To cover this up, he joined a call center during nights at the monthly pay cheque of Rs. 12,000. He used to trade in the daytime and then, get back to his duty at the call center in the night. This continued for a few years until he met an American HNI. He appointed Nithin with a cheque to manage his money. He took the job and managed brilliantly.

Nithin Kamath owns True Beacon

Nithin Kamath along with his brother Nikhil Kamath owns another company that is an investment management firm– True Beacon. This investment management firm is known as the ecosystem of copyrighted products, services of capital markets, management and advisory for portfolios and tailored programs for different strategic investors. These have been intended for India’s public and private markets.

How the Events turned from Call Center for Nithin Kamath

When Nithin Kamath was working in the call center, two major things happened to him. First- he met his wife Seema Patil, with whom he married and have a son together.

Nithin Kamath with his wife Seema Patil

Secondly, he along with his younger brother Nikhil Kamath started their careers in trading together in 2010. After 11 years of working together, the two brothers transformed the Indian trading system with their brilliant flat fee model. With this, they got to be at the top in the market.

Nithin Kamath re-build his career in trading along with his brother Nikhil Kamath and together they gained absolute success.

Nithin Kamath is a big Fan of music and Sports

Nithin Kamath is a big fan of music. Whenever he gets too busy with his working schedule, he takes some time out and sings while playing the guitar. This calms the chaos of work and keeps his mind smooth. His favourite song is ‘Zindagi Kaisi Hai Paheli‘ from Anand (1971).

He is also a big passionate sports lover. He loves to play basketball, snooker and poker and he is pretty good at it. Besides, Nithin loves cycling, swimming and running as well.

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Nithin Kamath is Trading since the age of 17

In the Zerodha company video of 2017, Nithin Kamath mentioned that he started his trading career at the age of 17. He said, “I joined trading as an active interest in the stock market. My brother and father were already in the stock market investing. Then I too joined them and as I won the first bit of money, I got more interested in this and the rest is history.”

Nithin Kamath has several unique techniques and approaches towards trading. He called it ‘the infinite sky, without a ceiling’, in an interview with Arabian Business a year earlier.

He added, “When you become a good trader, you keep on investing and making the money out of it. There is no limit to scaling and that’s the thing that attracted me most towards it. Also, you do not need a proper qualification for trading in the stock market. You can gain your knowledge from any source you like. You can come up with your theories and tips and become a good trader all by yourself.”

Conclusion

Nithin Kamath had worked really hard in making Zerodha what it is today. He is a college dropout hence, does not have any proper study or guidelines in finance. But, still, he managed to gain the knowledge required from all possible sources. He is fond of books which helped him a lot. Trading has brought great balance in his life and he along with his brother changed the entire Indian trading system. They went on the top and remained there as true entrepreneurs and businessmen.

FAQ

Is Zerodha a unicorn?

Zerodha founded by Nithin and Nikhil Kamath entered the unicorn club with a self-assessed valuation of about $1 billion on June 2020.

What is the net worth of Nithin Kamath?

Nithin and Nikhil Kamath are the wealthiest entrepreneurs under the age of 40 in India with a wealth of ₹24,000 crore.

How much does Nithin Kamath earn?

Zerodha co-founders Nithin and Nikhil Kamath to get Rs 100 crore annual salary.

June 28, 2021