Tag: stock brokerage

Top Discount Brokers in India 2025 | List of Low-Cost Trading Platforms for Smart Investors

It has recently been discovered that individuals are pumping millions into the Indian equity market. While there is a prevalent belief that equity market investing is riskier than other asset classes, the recent surge of the Indian equity market has enticed many to make share price investments. The stockholders’ eagerness to put their funds in various equities has been increasing at all of India’s main stock traders.

Now, if you want to buy stocks, the notable point is that you’ll need a broker to function as a liaison between you and the equity markets. The stockbroker’s function is crucial since he serves as your single interface for all stock-related issues. That’s why all traders use the assistance of the best brokers in India. Full-Service Stockbrokers and Discount Brokers are the two kinds of brokers in India.

List of Discount Brokers in India

S.No.	Platform	Key Feature	Suitable For
1	Zerodha	Low brokerage, advanced Kite platform, API for algo trading	Beginners & active traders
2	Angel One	AI-powered ARQ advisory, research-backed recommendations	Long-term investors & advisory seekers
3	Upstox	Fast execution, advanced charts, options strategy builder	Options traders & tech-savvy users
4	5paisa	Flat ₹20 brokerage, robo-advisory, easy-to-use app	Cost-conscious traders & beginners
5	Groww	Simple UI, direct mutual funds, F&O trading	First-time investors & mutual fund users
6	Paytm Money	Zero brokerage on delivery, SIPs, fractional investing	Beginners & long-term investors
7	Dhan	TradingView integration, algo trading API, real-time data	Active options traders & algo developers
8	Alice Blue	ANT Mobi app, flat brokerage, commodity trading expertise	Commodity traders & discount brokerage users
9	Fyers	Advanced charting, thematic investing, zero brokerage on delivery	Chart-focused traders & equity investors
10	Kotak Securities	Zero intraday brokerage, full-service research support	Intraday traders & research-focused users
11	IIFL Securities	IIFL Markets app, comprehensive research reports, wide asset coverage	Investors wanting strong research & diverse investments

Difference Between Full-Service Stockbrokers vs Discount Brokers
Top 11 Best Discount Brokers in India
How to Choose the Right Discount Broker?
Advantages of Online Brokers
Disadvantages of Online Brokers

Difference Between Full-Service Stockbrokers vs Discount Brokers

Full-service Brokers

Let’s start with full-service brokers, also known as conventional brokers. The majority of these brokers have been in business for years. Angel Broking, HDFC Securities, Motilal Oswal, and others are examples. These intermediaries are unique in that they are licensed to offer both offline and internet services.

That is, you visit their workplace and have your problem resolved. They provide excellent service. You’ll also get a trusted and experienced manager who is always available.

They also offer research reports, stock advice, fund management, and investment management services, among other things. They employ a large number of employees, including consultants and market analysts, to ensure that you have an enjoyable outlook and receive accurate research reports.

All of these services, however, are not free. Their brokerage is sure to be higher because their spending is more. In contrast to discount brokers, they cost a larger brokerage fee. However, they are attempting to vie with discount brokers. They cover a plethora of low-cost brokerage solutions for high-volume investors.

Discount Brokers

Discount brokers like Zerodha, Upstox, and others are popular among individual investors and traders. They are becoming incredibly common among today’s youngsters as smartphone usage rises and data rates fall.

As the title suggests, these brokers provide discounted or very minimal brokerages. They have set brokerage plans in place. How much more valuable will your deal be if you must pay a set brokerage fee? Their users are largely virtual and have little substantial form.

They don’t offer a whole variety of services, so they don’t have to pay for a license, infrastructure, or staff. These advantages are delivered to clients in the mode of reduced brokerage fees. The majority of these dealers don’t offer investment managerial services or research reports.

How Do You Benefit From These Brokers?

Let’s say you bought 100 shares of Asian paints, each valued at Rs.2000.

Total value = Rs.200000 (100*2000).

Full service brokerage = 0.4% * 200000 = Rs.800

Discount Brokerage = Flat RS.9 to Rs.20

Savings = Rs. (800-20) = Rs.780

Full-Service Broker Vs Discount Broker

Top 11 Best Discount Brokers in India

Zerodha

Name	Zerodha
Founded	2010
Founders	Nithin Kamath and Nikhil Kamath
Active Clients	65,98,363

With the most active clientele and a customer base of 18.85 per cent, Zerodha is at the pinnacle of success. It was the first Indian company to explore the idea of stock brokerage. It is a firm with offices in several Indian cities that was established in 2010.

Its trading platform is known as Kite. It has a web-based and smartphone-based UI. For stock delivery trading, it does not impose a brokerage fee. However, it costs 0.03 per cent or Rs.20 per placed order for stock intraday and stock futures, whichever is lesser. It charges a fixed fee of Rs.20 per placed order for stock options. It charges fees for creating an account, which most brokers do not.

Dealing in equity, futures options, and currencies costs Rs.200 account opening fee. If you want to add a commodities account to it, you’ll have to pay an additional Rs.100, and the starting fee would be Rs.300. Aside from that, there is an annual account upkeep fee of Rs.300 + GST. The Coin by Zerodha portal also offers services for investing in mutual funds and is best discount broker in India.

Angel One

Name	Angel One
Founded	1996
Founders	Dinesh D. Thakkar
Active Clients	50,98,124

Like Zerodha, it was formerly named Angel Broking, and it is India’s largest brokerage firm in several ways. It is a classic stockbroker that has maintained its commissions low, similar to a discount broker. For its one-of-a-kind nature, it stands out.

Dinesh Thakkar launched the company in 1987. Its offices are based in Mumbai. It’s also a publicly traded firm, which implies its equity is traded on a stock market. It offers full-service brokerage solutions at a fraction of the cost of a discount broker. It costs only Rs.20 for each order and allows you to deal with any amount. It provides a multitude of services, including research and advising services.

It is one of the few discount brokers that offer study and advising services and is one of the top 10 discount brokers in India. It provides a variety of programs, including sub-brokerage, franchise, alliance, and others.

Angel One, as a full-service stockbroker at a discount brokerage firm, provides a ton of products that you won’t find with other discount firms. It provides clients with ARQ Robo advice, which is among the most unique services available today. It is known as the best stock broker in India.

Upstox

Name	Upstox
Founded	2009
Founders	Shrini Viswanath, Ravi Kumar, Kavitha Subramanian, and Raghu Kumar
Active Clients	22,37,974

With a customer base of 10.9 per cent, the Mumbai-based discount brokers rank second among active clients. Ratan Tata and Tiger Global, a US venture capital, fund this brokerage ID, which was established in 2011.

Pro by Upstox is the trade system’s title, and it has both web-based and smartphone-based UI. Like Zerodha, it provides free stock delivery trade brokerage. However, it charges a fee of 0.05 per cent or Rs.20 per placed order for stock intraday and stock futures, whichever is lesser. It charges a fixed fee of Rs.20 per placed order for stock options and Upstox is considered as the top 3 discount brokers in India.

Account setup costs are not charged. However, there is a Rs.25+GST monthly account upkeep fee. It offers services to trade in Mutual funds and digitized gold.

5paisa

Name	5paisa
Founded	2016
Founders	Nirmal Jain
Active Clients	4.22 lakhs (March 2025)

Founded by Nirmal Jain, 5paisa Capital is one of India’s leading discount brokers, with an active client base of around 4.22 lakhs as of March 2025. It offers a simple and cost-effective trading platform with a feature-rich interface. Traders can invest across equities, derivatives, commodities, and mutual funds, all from a single account.

5paisa offers a flat brokerage fee of INR 20 per order across all segments — equity delivery, intraday, futures, and options (including equity, commodity, and currency). Mutual fund investments are completely free of charge.

The broker provides multiple trading platforms, including the 5paisa mobile app, web-based terminal, and EXE desktop software, each packed with advanced trading tools like real-time data, stock scanners, technical analysis charts, and customised watchlists. Additional offerings include margin trading facilities, algo trading support through Xstream and XTS APIs, expert research reports, direct mutual fund investments, IPO access, real-time notifications, and 24/7 customer support. With competitive pricing and powerful technology, 5paisa ensures a smooth and seamless trading experience for investors.

Groww

Name	Groww
Founded	2016
Founders	Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal
Active Clients	70,92,413

Groww is a discount brokerage firm that started operating in 2016, mainly as a portal for investment in mutual funds. The firm began its brokerage operation in 2020. Groww is the title of its smartphone app. You can engage in the equity section using its web-based and smartphone-based interfaces.

As a participant in the discount brokerage firms sector, Groww is poised to introduce an F&O solution shortly and is one of the top 5 discount brokers in India. Under this offering, the pricing structure entails 0.05 per cent or Rs. 20 per placed order for stock intraday and equities future, whichever is less. Additionally, for F&O transactions, a flat commission of Rs. 20 per transaction is applied.

There are no fees for creating or maintaining an account. It also provides mutual funds and digitized gold investment services. It also gives you the chance to trade in US stocks.

Paytm Money

Name	Paytm Money
Founded	2017
Founders	Vijay Shekhar Sharma
Active Clients	7,40,285

Paytm Money is a financial services company based in India. It was launched in 2018 as a subsidiary of One97 Communications, Paytm’s parent company. Paytm Money aims to provide easy and accessible investment opportunities for millennials and first-time investors. The company offers a mobile app and web platform with features that include paperless account opening, easy funds transfer, zero commission stock investing, and mutual fund purchasing with systematic investment planning, risk profiling, and real-time portfolio tracking and falls under top 50 discount brokers in India. Paytm Money is backed by major investors such as Ant Group and SoftBank. The company aims to tap into the growing population of digitally savvy, young Indian investors who are looking for seamless tools to enter the markets.

Dhan

Name	Dhan
Founded	2021
Founders	Pravin Jadhav, Alok Kumar Pandey, and Jay Prakash Gupta
Active Clients	3,10,070

Dhan is a discount brokerage company that has been gaining popularity in India since 2016. It is known for its innovative features, competitive pricing, and focus on educating its users. Unlike many other brokerages, Dhan does not charge any fees for account maintenance or stock delivery trades, making it an attractive option for long-term investors. For active traders, Dhan charges a flat ₹20 per trade or 0.03% of the trade value, whichever is lower, for intraday fees. The platform is modern, user-friendly, and comes equipped with advanced charting tools, educational resources, fractional share investing, and access to US stocks. Whether you are a seasoned investor or just starting out, Dhan’s combination of affordability, features, and educational focus makes it a compelling choice.

Alice Blue

Name	Alice Blue
Founded	2006
Founders	Sidhavelayutham Mohan
Active Clients	1,55,619

Alice Blue is a discount broker that was established in December 2006 in Erode, Tamil Nadu. Initially, the company had only five employees and an MCX membership. In 2007, it became a discount broker and moved its headquarters to Chennai. In 2017, Alice Blue relocated to Bangalore, where it currently operates. Over the years, the company has grown significantly and now has around 400 employees. It has also formed partnerships with 12,000 associates and serves approximately 500,000 clients in 20 major Indian cities. Alice Blue holds membership in various exchanges, including MCX, NSE, NCDEX, MCX-SX, BSE, and CDSL. Alice Blue’s Freedom 15 Brokerage Plan is designed to establish a competitive pricing structure in the Indian Stock Broking Industry and is one of the top 10 stock brokers in India. The plan charges only ₹15 for Intraday and F&O Trading while offering free Equity, IPO, and Mutual Funds Investments. Additionally, the company does not impose clearing member charges, which makes it more customer-friendly.

Fyers

Name	Fyers
Founded	2015
Founders	Shreyas Khoday, Tejas Khoday, and Yashas Khoday
Active Clients	2,04,904

Fyers is a discount brokerage firm that came into existence in 2015. It is known for its state-of-the-art tech platform and focuses on empowering active traders. Fyers has created a niche for itself with its advanced features, such as free equity delivery trades, a flat brokerage fee of ₹20 or 0.03% across other segments (capped at ₹20), and tools like algo trading, market depth scanners, and option strategy builders. Although their platform caters more towards experienced investors looking for a powerful toolkit, Fyers’ focus on innovation and low costs makes them an attractive option for active traders who want to maximize their returns. They also provide special low fees and streamlined account opening for NRIs. However, it’s important to note that they may not be the most beginner-friendly option due to their focus on advanced features.

Kotak Securities

Name	Kotak Securities
Founded	1994
Founders	Jaideep Hansraj
Active Clients	10,86,716

Kotak Securities, a member of the Kotak group, was a full-service broker before introducing its Trade FREE Plan in November 2020, which offers a unique approach to India’s discount brokerage model. This plan, also known as the Free Intraday Trading (FIT) plan, allows zero brokerage for intraday trades across various segments.

For all other future and options (F&O) trades, including equity, commodity, and currency, Kotak Securities sets the brokerage at Rs. 20 per order under the TRADE FREE PLAN. The plan’s key features include no brokerage charges on intraday trades, a nominal charge of Rs. 20 per order for other F&O trades, and a currently waived Rs. 499 opening charge for the Demat account. Kotak Securities provides a wide array of investment options and research reports to its clients while offering full broker services at a discounted rate. The fee structure includes zero account opening charges and an annual maintenance charge of Rs. 50 per month, and 0.25% of the transaction as delivery brokerage charges.

IIFL Securities

Name	IIFL Securities
Founded	1995
Founders	Nirmal Jain
Active Clients	15,00,000+

IIFL Securities is a prominent player in the Indian stock market, known for combining full-service expertise with the benefits of discount broking. Under its discount broking plan, it charges a flat fee of ₹20 per trade, making it a cost-effective choice for active traders. The platform offers advanced research tools, in-depth reports, and robust customer support to help investors make informed decisions and is one of the biggest stock broker in India.

With seamless trading access across mobile and desktop platforms, IIFL Securities caters to both beginners and seasoned investors. It also provides portfolio management solutions and a wide range of investment products, making it a comprehensive solution for trading and wealth creation.

How to Choose the Right Discount Broker?

Now that you’ve learned about certain greatest discount broker firms, you’ll need to learn how to choose a reputable discount broker. Here are some things to consider while selecting a discount broker:

Brokers Fee

Verify that the broker’s fee is as low as possible if you transact frequently. It’s critical to evaluate intermediaries and pick the one with the finest and least expensive price.

Trading Interface

Pick a trading interface that makes things easy for you, such as order placement, analysis tools, etc., so that you can get the most out of it. It’s also important to look at the service provided by the discount broker, as this aids in making it a streamlined experience for the investors.

Margin Trading

Margin trading is an important factor to consider when choosing a discount broker because it distinguishes between two brokers.

These are the most important factors to consider when selecting a discount brokerage firm. Also, keep an eye out for additional fees, broker reviews, distribution structure, electronic trading terminals, and discount broking company’s financial strength when deciding on a broker.

Advantages of Online Brokers

In comparison to conventional full-service brokers, they offer the lowest brokerage fees. This enables investors to earn from a deal with a low transition point.
They provide an electronic trading interface that allows investors to buy and sell easily and swiftly.
One of their finest features is that they provide the same services to large and small investors alike.
They are fairly trustworthy as all of their transactions are visible since everyone has access to the margins estimator.
Several offer their users instructional video training to assist them in trading with them for a while.

Disadvantages of Online Brokers

• They don’t offer free consultation, while full-service brokers do.

• They allow you to open both a trading and a Demat account.

• They usually function remotely, so if you require branch assistance for documentation, you’ll have to find another solution.

• They don’t provide investment management services. A full-service broker is an ideal alternative for you if you want a portfolio manager.

Conclusion

You must use a discount broker if you are tech proficient, can perform your transactions by yourself, your trades are small, and don’t need further analysis or add-on services or trading support. There are numerous discount brokers in India; however, you must select the appropriate stock broker according to your needs.

FAQs

Which is the No. 1 stockbroker in India?

Groww is considered one of the best stock brokers in India. It has a client base of 70,92,413 active clients.

What is a discount broker?

A discount brokerage firm charges lower fees than traditional full-service brokers, typically offering self-directed investing with limited guidance. They focus on trade execution at low costs, leaving investment decisions to the client.

How to be a broker in India?

Meet eligibility: Indian citizen, 21+, 10+2 education, 2+ years experience in financial services.
Pass exams & register for NSE/BSE certification, SEBI RIA exam/IRDAI license (depending on broker type).

Which is the best discount broker in India?

Zerodha, 5paisa, Groww, Angel One, and Upstox are some of the best discount brokerages in India.

Are discount brokers safe in India?

Yes, your money is safe with discount brokers, but they will not advise about the risks of the investment like a full-service brokerage.

July 28, 2025

Zerodha Marketing Strategy – How Zerodha Succeeded Without Advertisements
If you have a little bit of interest in the equity or stock market, you must have come across the name Zerodha. It is one of the dominant brokerage platforms that facilitates five million+ orders daily.

To be very honest, after the 2008 financial crisis, many big corporate houses have faced colossal losses. The stock market was at its worst, and many people lost their faith in investment.

The 2008 market collapse was the most significant single-day decrease in modern history. The fallout from this disastrous financial catastrophe washed away large portions of retirement savings and had a long-term impact on business, even after the share market had stabilized.

The recession was the black phase for every country, but then in 2009, the Kamath brothers came up with the idea of Zerodha, which is an online brokerage platform. At that instant, there were many share marketing platforms like Sharekhan and ICICI available in the market, and launching Zerodha seemed to be a foolish move. Because how can you beat the legends but with hope in their heart, they launched Zerodha in 2010 with a small budget of INR 10 lakhs.

Let’s know all about Zerodha and its marketing strategy in detail.

The Story Behind Zerodha
Zerodha Marketing Strategy
Zerodha’s Unique and Innovative Customer Acquistion Approach
Zerodha Success Factors
Why Doesn’t Zerodha Believe in Advertising?
Things That Make Zerodha Stand Out in the Market

The Story Behind Zerodha

Zerodha is a brokerage company situated in Bengaluru, Karnataka. Nitin Kamath created it on August 15, 2010. It is India’s first cheap broker, ushering in a new era in the brokerage sector. In India, Zerodha is the biggest and one of the finest stock brokers. The ultimate aim was to make investing barrier-free, which is why they came up with the name Zerodha.

The name “Zerodha” is an English-Sanskrit portmanteau word consisting of “Zero” in English and “Rodha” (Barriers or Obstructions) in Sanskrit, to sum up as “No Obstructions.” The name of the company directly signifies the birth of the challenge-free online stock-broking platform that Zerodha is!

The Zerodha logo features the numeral ‘0’ in a block format, cropped stylishly to form an upward-pointing arrow. This represents the successful path traders can expect when using Zerodha’s platform.

Do you know that both brothers are listed in the Forbes list of India’s 100 most prosperous 2020? You might be aware of that, but what makes us awe is how they became the most substantial brokerage company in India, with around 10 million users.

Before founding Zerodha, the company’s co-founder, “Nithin Kamath,” worked in customer service at night and traded during the day. He was exposed to the financial markets by a companion when he was 17 years old, and he has been investing ever since.

After working full-time for over ten years, he chose to be a broker because he felt the moment had come to offer a distinct type of structured finance service that he had never encountered throughout his trading career. When he initially considered creating Zerodha, he believed that digitalization and a user-friendly platform were highly required. Nithin Kamath further noted that the hefty brokerage costs imposed on trades are one of the reasons why young people are hesitant to begin trading. His goal was to be an internet broker who prioritized people before profits by utilizing cutting-edge technology. That’s the incarnation of Zerodha.

Nithin Kamath – Founder & CEO of Zerodha | Biography

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Zerodha Marketing Strategy

Coming to our next section, where we will shed light on how Zerodha became so popular among people and what their marketing strategy is. Zerodha was launched to give consumers technology-efficient and cost-effective services. Many young users were afraid to try stock investments because of the brokerage charges. Furthermore, the technology used was old and could be a bummer for many of us. Kamath’s brother knew that it was time to change and allure young minds with a service that didn’t require any technological expertise.

Not only this, he knew that to attract youthful consumers, he had to offer something out of the box. Many of the young customers were put off by hefty commission fees when it came to trading. He took advantage of it, and hence he introduced a zero brokerage strategy. The owners of the company believed that there was no better marketing than word of mouth. They didn’t spend huge chunks of money on the advertisement. Instead, they started focusing on building brand credibility. The next thing they started was educating millennials about trading.

Zerodha Business Model | How Zerodha Makes Money

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Zerodha’s Unique and Innovative Customer Acquistion Approach

While many stockbrokers still use cold calls and ads to get clients, Zerodha took a different route. It focused on making trading easy, rewarding referrals, and educating users, leading to massive word-of-mouth growth.

India’s First Zero Brokerage Plan

Back when all brokers charged a fixed commission, Zerodha broke the norm. It became the first in India to offer zero brokerage on equity delivery trades. This bold move helped them stand out and quickly attract customers.

Growth Through Referrals

Instead of spending heavily on ads, Zerodha chose to reward its users. Through its referral program, existing clients earn bonuses for every new person they bring in. Today, more than 60% of Zerodha’s users have joined through referrals, saving the company a lot on marketing.

Educating Investor Communities

Zerodha created Varsity, a free learning platform that teaches everything from basic finance to advanced trading strategies. It’s become a trusted resource for anyone looking to learn, helping Zerodha build trust and credibility in the market.

Zerodha Marketing Success Factors

The critical factors involved in the success of Zerodha are mentioned below.

Zerodha Marketing Success Factors

Standard Proposition

The very first marketing strategy was to be crystal clear about everything. Most users don’t trust brokerage services because they involve money. So they considered that thing by being clear about everything. When the company entered the market, many stockbrokers offered irrational prices and non-transparent pricing to clients. Then Zerodha came up with a standard proposition with zero commitments. This worked out well for the company. If you take a look at the FAQ section of the company, you will see the direct response and clear answers admired by most of their users. The company doesn’t believe in confusing its clients.

Concentrate on New Account Opening

The second reason for their vast success was putting their minds to bringing in more customers. They didn’t have any relationship managers or dealers. They started focusing on getting a new client. Today, the company has more than 2.3 million clients.

Number of Active Clients With Zerodha From Financial Year 2014 to 2022

Referral Program and Business Affiliates

The strongest pillar of Zerodha marketing is the referral and affiliate programs. Rather than investing in an advertisement, they came up with the idea of giving a commission to their referrals. Many bloggers and YouTubers promote the services through affiliate programs on their platforms, and in return, they earn a commission on every purchase. The referral program helped Zerodha discover thousands of leads that too without any upfront cost.

Innovation and Technology

The company understands the importance of change and evolution for growth. They knew how important it is to take advantage of technology and offer something innovative to their client base—that’s why they keep launching applications like Kite, Pi, and much more. The platform was fundamental in the earlier days with minimal features, but then they added advanced features like API integrations, third-party applications, and much more. They keep adding new features so that their consumers won’t lose interest.

Zerodha Kite

Online Engagement and Digital Marketing

Every business knows how important it is to gain an online presence and engagement. This is why they kept their users engaged on the platform by offering to educate them about blogs and much more. Varsity offers content that educates users, and it brings a chunk of traffic. The importance of digital marketing is that it provides a subscriber base and improves the authority of the domain in the eyes of Google. Also, clients find the service genuine when they gain something in return, such as learning about the stock market or trading.

Nikhil Kamath Biography: Zerodha’s Dropout Billionaire | Net Worth | Education | Personal Life

Explore the extraordinary story of Nikhil Kamath, the self-made entrepreneur and founder of Zerodha, as he turned his trading passion into a billion-dollar success story. Explore the success story of Nikhil Kamath, his early life, personal life, his education, family background, childhood, age, career, parents, investments, and much more. Know more about him on Nikhil Kamath Wikipedia.

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Why Doesn’t Zerodha Believe in Advertising?

The reason for the same is that most users don’t make impulse purchases when it comes to stock marketing. Trading involves investment and the risk of losing money, so the users try to be very cautious and attentive. The following reason why most people prefer to invest in the stock market is because of greed. The greed to double their money. Zerodha analyzed their customer mentality, and they knew if stock marketing became an impulse, it wouldn’t benefit them. So they started shifting their focus to word-of-mouth marketing. Most of the users on Zerodha are recommended by others. Such users won’t lose interest in trading because they want to make the best out of it.

So, rather than focusing on an advertisement, they start investing in customers.

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Things That Make Zerodha Stand Out in the Market

The reason why Zerodha is distinct from its users is its approach to educating its users first. Zerodha does not provide stock recommendations, unlike a full-fledged brokerage platform. When new traders enter the site, they first must learn the ropes of the trade. An engaged customer base would be driven by traders’ capacity to comprehend why they are going bankrupt or trade sensibly. In 2015, Zerodha Varsity was developed with the same goal in mind and a blog connection to build interest in the website. In 2019, the Varsity App was released, as well as material in Hindi.

Later, there were Finception and LearnApp. Finception concentrates on making financial material easy for its users, whereas LearnApp sells finance information to consumers for a fee, including videos handpicked by top fund institution specialists. They’ve been extending their educational goal by using current collaborations.

Furthermore, unlike the other companies, the Kamath siblings do not impose charges for distribution or trading. Instead, they retain a 10% portion of the earnings from the investment.

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Zerodha is an Indian financial services company founded by Nithin and Nikhil Kamath in 2010. Check out Zerodha’s business model, revenue, profit, and more.

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Conclusion

That’s all! Here we have mentioned all about the Zerodha marketing strategy. The business model of a company is promising. Their user base is young. The reason behind their success is exceptional products with transparent pricing. However, most of the users were not satisfied with the company’s uptime, and it has been news for the server down issue, but the brothers promised to make the platform more friendly each passing day. Not just this, there has also been news that soon the company will enter the advisory sector too. It would be fun to watch how well this would work out for Zerodha.

That’s all we have for now. In case we have missed something, please feel free to reach out to us in the comments section.

FAQs

Is Zerodha a unicorn?

Zerodha entered the unicorn club in June 2020 with a valuation of $1 billion.

Who is the owner of Zerodha?

Nithin Kamath and Nikhil Kamath are the owners of Zerodha.

How much does it cost to open a Zerodha account?

Zerodha charges Rs 200 for online accounts and Rs 400 for offline account opening.

What is Zerodha Pricing?

Zerodha Pricing are listed below:
- All equity delivery investments (NSE, BSE), are absolutely free.
- Flat Rs. 20 or 0.03% (whichever is lower) per executed order on intraday trades across equity, currency, and commodity trades.
- All direct mutual fund investments are absolutely free.
What is the number of active customers of Zerodha?

Zerodha has over 62.77 lakh active customers as of 2022.

What is Zerodha valuation?

Zerodha Valuation is $3.6 billion (2023).
May 2, 2025

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

Radhakishan Damani: Founder of DMart

Radhakishan Damani is an Indian businessman who is known for establishing DMart. He founded DMart in May 2002 and is owned and operated by Avenue Supermarts Limited (ASL). He is an active Investor and manages his portfolio through his investment firm, Bright Star Limited. He is also a retailer and has actively taken an interest in the stock market. As of September 2024, Forbes ranked him the 6th richest man in India with a net worth of $31.5 billion.

Radhakishan Damani – Biography

Name	Radhakishan Shivkishan Damani
Born	January 1954
Birthplace	Bikaner, Rajasthan, India
Nationality	Indian
Current city	Mumbai, Maharashtra, India
Education	University of Bombay
Profession	Businessman, Investor
Position	Founder of DMart
Net worth	$31.5 billion (September 2024)
Father	Shivkishanji Damani
Siblings	Gopikishan Damani
Marital Status	Married
Children	3

Radhakishan Damani – Personal Life
Radhakishan Damani – Education
Radhakishan Damani – Professional Life
Radhakishan Damani – Stock broker
Radhakishan Damani v/s Harshad Mehta
Radhakishan Damani – Founder of DMart
Radhakishan Damani – Bright Star Investments Private Limited
Radhakishan Damani – Investments
Radhakishan Damani – Awards & Achievements

Radhakishan Damani – Personal Life

Radhakishan was born to a Marwari family and lives in Mumbai, Maharashtra, India. His father, Shivkishanji Damani worked as a broker in Dalal Street, which is an address of the Bombay Stock Exchange. He also took an interest in stock brokerage.

His wife and brother assist him in his business errands. He has three daughters, one of whom, Manjri Chandak, is the manager of his company, DMart.

He likes to keep a low profile and rarely gives any interviews. He mentored some stock trading techniques to Indian billionaires, Dipesh Bhandari and Rakesh Jhunjhunwala.

Radhakishan Damani – Education

Radhakishan studied Bachelor of Commerce from the University of Bombay. After one year, he dropped out of college to start his own business.

Radhakishan Damani – Professional Life

Radhakishan Damani the owner of DMart, initially worked for his ball-bearing production business. He then worked as a stockbroker and an investor. He had made investments in several companies, holding a substantial stake in those firms.

He established a chain of hypermarkets in India called DMart in 2002, and the company rapidly grew and today, it has a strong audience base in India. The company went public when the IPO was issued in 2017 with the name Avenue Supermarket.

Radhakishan Damani – Stock broker

After the death of his father, he became a stock market broker and an investor. He made profits by short-selling stocks that were inflated by illegal means by the Indian stockbroker, Harshad Mehta in the 1990s.

In 1995, he individually became the largest shareholder of HDFC Bank after it went public. After the famous Harshad Mehta Scam came into the spotlight in 1992, there was a considerable rise in Radhakishan’s income.

In 1999, he operated a franchise of Apna Bazaar. He led the business of the cooperative department store. However, he was “unconvinced” by its business model. He decided to quit the stock market in 2000 to start his hypermarket chain, DMart.

Radhakishan Damani v/s Harshad Mehta

Radhakishan combated Harshad Mehta, one of the most powerful traders of Dalal Street at that time. There was a dark phase in the Indian stock market from the late 1980s to the early 1990s. Radhakishan made a group with two of his friends and named it the triple-R’s.

Harshad and the Triple R’s invested in an Indian company called Apollo Tyres. They both battled over the company’s shares for 2 years. Eventually, Radhakishan finally won the battle and established his prominence in the stock market. Even after bidding high valuations, Harshad lost the battle as he was accused of a huge scam in 1992.

Radhakishan Damani – Founder of DMart

DMart Logo

In 2002, Radhakishan established the first store of DMart in Powai, Mumbai. By 2010, the company already had 25 stores and the company elevated to new heights after it went public in 2017. As of September 2024, DMart has 377 stores in 12 states and union territories in India.

The company became public after the IPO listing as Avenue Supermarkets Limited. It eventually made a record opening on the market on the National Stock Exchange.

Radhakishan Damani – Bright Star Investments Private Limited

Radhakishan or RK Damani was appointed as the Director of Bright Star Investments Private Limited on 15 March 1996. The company was incorporated on 20 September 1989, based in Mumbai. It is classified as a private firm and operates as a financial service firm.

The company is basically a service provider that provides investment, equity, commodities, mutual funds, and other financial services. The operating investment range of Bright Star is INR 1 crore to 100 crore for the financial year ending on 31 March 2019.

Radhakishan Damani – Investments

Radhakishan holds a stake in a substantial range of companies, including the tobacco firm VST Industries and cement producer company India Cements.

He holds a 1% stake in Andhra Paper. He also has a 15% stake in India Cements which increased to 19.89% in May 2020. In June 2024, he and his younger brother sold their shares in India Cements to billionaire Kumar Birla.

His investment portfolio displayed 13 stocks with a total value of INR 159,030.9 crore (INR 80,000 Crore) in 2024.

He eventually became one of the leading stock market investors in the country. Some investment stocks from his portfolio include the logistics service provider Blue Dart Express Ltd., the beer maker United Breweries, and Sundaram Finance.

Radhakishan Damani – Awards & Achievements

Radhakishan Damani has won many awards:

Padma Shri (2021): The Government of India gave him this award for his work in business and trade.
Hurun India’s Top 200 Self-made Entrepreneurs (2023): He was ranked first among self-made entrepreneurs.
Ernst & Young Entrepreneur of the Year (2017): He received this award for his success as a businessman.
Forbes India Business Leader of the Year (2016): He was honored as a top business leader.
Economic Times Businessman of the Year (2015): He was named the best businessman of the year.

FAQs

Who is Radhakishan Damani?

Radhakishan Damani is an Indian businessman who is known for establishing DMart. He is an active Investor and manages his portfolio through his investment firm, Bright Star Limited.

Who is the owner of DMart?

Radhakishan Damani is the founder of the DMart.

What is DMart owner net worth?

Radhakishan Damani net worth is $31.5 billion as of September 2024 according the Forbes.

What is D-Mart owner native place?

Radhakishan Damani, DMart owner was born in Bikaner, Rajasthan. Presently, he stays in Mumbai.

What is D Mart full form?

The full name of D Mart is Damani Mart.

December 26, 2024

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
How Invest19 is Disrupting the Stock Market? [Exclusive Interview]
Invest19.com is disrupting the stock market with its AI-powered stock tech platform. Invest19 Technologies is a fintech company serving in the technology sector and leverages the power of emerging technologies like machine learning, data science, Artificial Intelligence, to simplify, automate, and enhance the user experience – from customers to businesses.

Invest19.com is building an innovative platform capable of providing next-generation, scalable and low-latency tools and technology solutions to individuals and businesses in meeting the swiftly evolving needs of today’s fast-growing industry.

StartupTalky interviewed Mr. Kaushlendra Singh Sengar, Founder & CEO of Invest19.com to know how the startup is planning to disrupt the stock market industry by leveraging emerging technologies. Read all about the USP, Features, Revenue Model of Invest19.com, its marketing strategies, future plans and more in this post ahead!

Invest19.com – Company Highlights

Startup Name Invest19.com

Founders Kaushlendra Singh Sengar (CEO), Mahek Tomer

Headquarters Noida

Founded 2020

Industry Fintech, Wealth Management

Here’s what Kaushlendra Singh has got to say about Invest19.com –
1.What USP Invest19.com provides over its competitors?

Invest19.com is an Investment ecosystem providing multi broker choices to scale capital market into small towns by build next generation stock market industry on cloud where in market participants like exchanges, depositories, stock brokers, market experts can come together and provide seamless investment experience to create new breed of smart investors.

invest19 founder – Kaushlendra Singh

2.Over 30% of market share in the discount brokerage industry is held by top players like Zerodha, Angel Broking, 5paisa, Upstox among many. How do you plan to set yourself apart and grab the investors trust?

Invest19.com is supporting stock brokers by providing next generation cloud infrastructure to scale their broking business by increasing their reach up to small town users, disrupting human centric technology is providing better user experience, which leads to high user retention ratio and better revenue. Invest19.com is building business beyond technology by referring new users to stock brokers.

3. How is Invest19.com ahead in its technology implementation? What emerging technologies are you disrupting to enhance the user experience from customers to businesses?

There is a lack of financial literacy in India and complexities of available trading platforms are the biggest entry barriers for novice investors. We at Invest19.com is trying to fix these challenges with the help of latest blend of technologies, which is highly scalable, can handle millions of orders per second, simplifying investment experience by using human centric user interface and experience, making system more intelligent by mixing human brain with Artificial intelligence and data science and proving one touch investment platform.

With this we are able to provide an investment platform where in a layman can also investment with confidence and grow their wealth.

4. Found this intriguing- “Become an Investor @ Cost of Burger” How do you plan on executing this? What revenue model mechanism are you adopting?

We believe that like 2 decades ago computer education became mandatory for everyone from schooling, in the same way we should also make investment education mandatory from schools this is the right time when one should learn the art of savings and power of investment. If we want to build a new breed of future smart investors we should start working from roots.

That’s why we have built this product name “become an Investor @ cost of burger” this signifies that students can become investors by compromising from a piece of a burger and their pocket money is sufficient enough to start the investment journey.

We, along with SEBI registered market experts have created a special poll of high potential listed companies with good fundamentals and future business projections with low stock prices. Our specially designed artificial intelligent system will help users to build a low risk and high growth portfolio.

We have all three business model, B2B, B2C and SaaS along with monetization Strategies like Financial Literacy, Gamification, Referral Reward, Sponsorship & Space Selling, Freemium Model, Transactional Fee, Membership Selling, Licensing Fee.

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5. How are you planning to make yourself known in the investment world? What marketing and user acquisition strategies are you employing?

Building Investment ecosystem for millennials, offering multiple BFSI service provider and investment assets class choices, simplified investment experience with affordable tailor made investment ideas by mixing human brains with artificial intelligence and cash back on brokerages.

As we are on beta stage, so we do understand that there is high chance of app performance issue. That’s why we have started a physital model a mix of digital and human touch to spread financial literacy and create trust among small town users and to trained users about platform features. Human touch approach is bridging the gap wherever there is a bug or app performance issue. This is cost effective for the early stage startup because here you pay only on business conversion.

6. What exactly is Execution Partner Opportunity for Stock Brokers? How does it work?

Invest19.com is an investment ecosystem where in any regulated stock brokers can get registered as an execution partner by doing some necessary paper work with the respective exchanges and can become a next generation tech broker, here broker will get everything which is required to run and expand the business, starting from user acquisition, investment ideas services, trading features, customer support, portfolio tracker and many more.

This way a regional broker can become national stock broker and can acquire user from pan India with no time and marketing budget. This is reducing market cost, sales cost, tech and server cost, operation cost, research team cost and many more.

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7. Launching a company amidst the start of pandemic must’ve bought its own opportunities and challenges. How is Invest19.com coping with it?

Invest19.com was hardly 2 months old when lockdown started in March 2020. Initially it was quite challenging for us, as no one was prepared for that and business dynamics completely changed after lockdown.

As product was into development stage that time. So we missed the chance to grab the user growth opportunity. But we saw this pandemic as an opportunity and people have realized the importance of savings in this hard time.

It’s being more than a year we are working from home, seeing the changed business dynamics in covid-19. We focused on building the paperless 100% online investment ecosystem, which can convert the offline brokers into online as due to lockdown their sales people are not able to go out for business development or demat account opening.

To reduce risk due to Covid uncertainty we focused on:
- Fund raising and investments: In parallel with Product development, I have started pitching investors to meet out working capital requirements of the company. As product was into development stage so we were completely dependent on the investors’ fund. I have followed a sustainable business, wherein all the resources, particularly monetary resources and funds, need to be used consciously. Managing cash flow and conserving resources for a few months post resumption of normal operations is a key to sustainability.
- Incorporated short cycle planning: Instead of looking at long-term plans three months, six months, and one-year plans should be ready. In the current scenario, making up for the lag due to lockdown and preparing the organisation to cope up with the situation needs to be focused upon.
- We are also doing Effective and regular monitoring: The need for mentoring is going to be the highest in given times, as team is working from home and lots of coordination is required to deliver the project on time.
- We have created Strong communication channel: During the Covid times, it is essential that the channel of communication is effectively and efficiently maintained. Being open and available to the concerns of all stakeholders, including customers and investors, becomes extremely important to maintain their association with the business.
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8. It’d be great if you could highlight some of your achievements
- We received our first success in July 2020, when we got the exchange approval of our platform to go live in one go without any observation. In the history of stock market, we are the first platform who got go live approval in one go.
- Second success came by August end when we did beta launch of this platform.
9. Where do you see Invest19.com in the next 5 years in comparison to your competitors? Any business expansion/partnership/funding plans?

In next 5 years Invest19.com will become the world’s largest investment ecosystem, with more than 45 stock exchanges and all the possible investment asset class you can think of. We are doing partnerships with banks, stock brokers, NBFC’s, insurance companies, AMCs, Fintech platforms, financial platforms, etc. and also raising funds to speed up our product launches, soon will do the funding announcements.

Conclusion

Startups are always a step ahead in disrupting the emerging technologies, be it any field. Invest19.com being one among is aiming to be the world’s largest investment ecosystem by 2026 by leveraging artificial intelligence, machine learning and data science. Launching the company amidst the start of pandemic bought its own opportunities and challenges to the team, but Invest19.com paved its way over the beat launch in August 2020 and is looking for a main launch in 4 months i.e., July-August 2021.
June 4, 2021

Startup Name	Invest19.com
Founders	Kaushlendra Singh Sengar (CEO), Mahek Tomer
Headquarters	Noida
Founded	2020
Industry	Fintech, Wealth Management

Tag: stock brokerage

Top Discount Brokers in India 2025 | List of Low-Cost Trading Platforms for Smart Investors

List of Discount Brokers in India

Difference Between Full-Service Stockbrokers vs Discount Brokers

Full-service Brokers

Discount Brokers

How Do You Benefit From These Brokers?

Top 11 Best Discount Brokers in India

Zerodha

Angel One

Upstox

5paisa

Groww

Paytm Money

Dhan

Alice Blue

Fyers

Kotak Securities

IIFL Securities

How to Choose the Right Discount Broker?

Brokers Fee

Trading Interface

Margin Trading

Advantages of Online Brokers

Disadvantages of Online Brokers

Conclusion

FAQs

Which is the No. 1 stockbroker in India?

What is a discount broker?

How to be a broker in India?

Which is the best discount broker in India?

Are discount brokers safe in India?

Zerodha Marketing Strategy – How Zerodha Succeeded Without Advertisements

The Story Behind Zerodha

Zerodha Marketing Strategy

Zerodha’s Unique and Innovative Customer Acquistion Approach

India’s First Zero Brokerage Plan

Growth Through Referrals

Educating Investor Communities

Zerodha Marketing Success Factors

Standard Proposition

Concentrate on New Account Opening

Referral Program and Business Affiliates

Innovation and Technology

Online Engagement and Digital Marketing

Why Doesn’t Zerodha Believe in Advertising?

Things That Make Zerodha Stand Out in the Market

Conclusion

FAQs

Is Zerodha a unicorn?

Who is the owner of Zerodha?

How much does it cost to open a Zerodha account?

What is Zerodha Pricing?

What is the number of active customers of Zerodha?

What is Zerodha valuation?

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

Nikhil Kamath Biography

Nikhil Kamath – Early Life & Education

Nikhil Kamath – Career

Nikhil Kamath – Entering the Trading World

Zerodha’s Inception

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

FAQs

Who is Nikhil Kamath?

Where is Nikhil Kamath birthplace?

Who are Nikhil Kamath parents?

When was Nikhil Kamath born?

Who are the founders of Zerodha?

Where did Nikhil Kamath study?

What is Nikhil Kamath net worth?

What is Nikhil Kamath education?

How Nikhil Kamath became billionaire?