Nikhil Kamath

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Nikhil Kamath
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BornSeptember 5, 1986
NationalityIndian
OccupationCo-founder and CIO
OrganizationZerodha and True Beacon
RelativesNithin Kamath, Brother

Nikhil Kamath (born September 5, 1986) is an Indian entrepreneur. He is the co-founder of Zerodha, a retail stockbroker and True Beacon, an asset management company.[1][2][3]

Early life and education

Kamath was born on September 5, 1986, in Karnataka, India. Kamath dropped out of school after grade 10th and he has no formal degree.[4][5][6]

Career

Early days

Kamath started his career with a job at a call center while also engaging in equity trading on the side.[7][8][9]

In 2006, Kamath became a sub-broker and started his own brokerage firm with his brother Nithin Kamath titled Kamath & Associates.[10]

Zerodha

In 2010, Kamath co-founded Zerodha along with his brother Nithin Kamath.[11][12] Zerodha provides brokerage services for dealing in stocks, currencies and commodities.[13][14][15] In 2019, Zerodha became the largest stockbroker in India.[16] Today, Zerodha has 10 million clients.[17][18][19]

True Beacon

Kamath also co-founded True Beacon In 2020, an asset management company that focuses on wealth management for ultra-high net-worth individuals.[20][21]

Gruhas

In 2021, Kamath co-founded Gruhas, a real estate investments and prop tech company, along with Abhijeet Pai. Gruhas invests in incubators, startups and special situations through its proptech focused fund.[22][23]

Awards and recognition

In 2016, Kamath was honored as one of the Forbes India ‘30 Under 30’ young entrepreneurs.[24]

In 2018, Kamath was featured in Forbes India’s inaugural 'Tycoons Of Tomorrow' list, which recognised 22 young achievers in the fields of business, acting and sports.[25][26]

Kamath was listed on IIFL Wealth and Hurun India's 40 & Under Self-Made Rich List in 2020.[27][28][29]

In 2022, Kamath also became the youngest individual to be featured in the Edelgive Hurun India Philanthropy List.[30][31][32]

In 2023, Kamath made it onto Forbes' billionaires list for 2023 with a net worth of approximately $1.1 billion and was ranked at 2405.[33][34][35][36]

Controversies

In June 2021, Kamath participated in an online charity chess match against five-time world chess champion, Viswanathan Anand to raise funds for those suffering due to the coronavirus pandemic.[37] During the event, Kamath had taken the help of chess analysts and computers to get the better of Anand. Kamath later apologised for his misdemeanour.[38] Following the match, Chess.com, the virtual platform that was used to play the charity game, decided to ban his account.[39]

References

  1. ↑ Bahree, Megha. "From dropout to fintech disruptor: Zerodha's Nikhil Kamath". www.aljazeera.com. Retrieved 2023-05-30.
  2. ↑ "Nikhil Kamath's True Beacon doubles down on its PMS product". www.thehindubusinessline.com. 2022-12-26. Retrieved 2023-05-30.
  3. ↑ "Zerodha's Nikhil Kamath-backed True Beacon looks at disrupting UHNI wealth management arena". Business Today. 2022-06-15. Retrieved 2023-05-30.
  4. ↑ Bahree, Megha. "From dropout to fintech disruptor: Zerodha's Nikhil Kamath". www.aljazeera.com. Retrieved 2023-05-30.
  5. ↑ "How This School Dropout Became India's Youngest Billionaire". NDTV.com. Retrieved 2023-05-30.
  6. ↑ "Nikhil Kamath Journey: All about Zerodha founder's inspiring journey". Firstpost. 2023-04-26. Retrieved 2023-06-12.
  7. ↑ "Who is India's youngest billionaire? How did he make it from zero to 'Zerodha'". Yahoo Finance. 2021-07-20. Retrieved 2023-05-30.
  8. ↑ "How billionaire Nikhil Kamath's journey started with a Rs 8,000 a month call centre job". Moneycontrol. 2022-09-07. Retrieved 2023-05-30.
  9. ↑ Cruze, Danny Cyril D. (2021-04-10). "From salary of ₹8,000 to a billionaire: Zerodha founder shares his story". mint. Retrieved 2023-05-30.
  10. ↑ Bahree, Megha. "From dropout to fintech disruptor: Zerodha's Nikhil Kamath". www.aljazeera.com. Retrieved 2023-05-30.
  11. ↑ "Zerodha founder Nikhil Kamath on becoming a self-made billionaire". South China Morning Post. 2022-12-22. Retrieved 2023-05-30.
  12. ↑ "The billionaire brokers - Kamath brothers of Zerodha". www.thehindubusinessline.com. 2022-09-09. Retrieved 2023-05-30.
  13. ↑ Bhakta, Pratik (2018-05-18). "The lone ranger: How Zerodha held its own against India's largest stock brokerages". The Economic Times. ISSN 0013-0389. Retrieved 2023-05-30.
  14. ↑ "Burned-Out Broker Got Rich Giving Free Trades to Millennials". Bloomberg.com. 2019-05-08. Retrieved 2023-05-30.
  15. ↑ "Nithin And Nikhil Kamath: Code Zero". Forbes India. Retrieved 2023-05-30.
  16. ↑ "'Thanks to...': Nithin Kamath shares key reasons behind success of Zerodha". Business Today. 2023-04-19. Retrieved 2023-05-30.
  17. ↑ "The Curious Case Study Of Zerodha's Blue Ocean Strategy". Forbes India. Retrieved 2023-05-30.
  18. ↑ "Nikhil Kamath". Forbes. Retrieved 2023-05-30.
  19. ↑ "How Zerodha Went from Zero to Hero". www.fortuneindia.com. 2023-02-02. Retrieved 2023-05-30.
  20. ↑ "Zerodha's Nikhil Kamath-backed True Beacon looks at disrupting UHNI wealth management arena". Business Today. 2022-06-15. Retrieved 2023-05-30.
  21. ↑ Borate, Neil (2022-09-14). "Nikhil Kamath's True Beacon starts quant-driven PMS". mint. Retrieved 2023-05-30.
  22. ↑ "Nikhil Kamath-backed Gruhas Proptech to launch $150 mn proptech focussed fund". The Economic Times. 2021-12-21. ISSN 0013-0389. Retrieved 2023-07-16.
  23. ↑ "Nikhil Kamath-backed Gruhas Proptech plans to roll out $150 mn fund". Business Today. 2021-12-22. Retrieved 2023-07-16.
  24. ↑ "30 Under 30: Nikhil Kamath - Chess To Derivatives, All In A Day's Work". Forbes India. Retrieved 2023-05-30.
  25. ↑ "Tycoons of Tomorrow - Forbes India Magazine". Forbes India. Retrieved 2023-05-30.
  26. ↑ "Nithin And Nikhil Kamath: Code Zero". Forbes India. Retrieved 2023-05-30.
  27. ↑ "Meet the youngest self-made billionaires in India". Business Insider. Retrieved 2023-05-30.
  28. ↑ "Zerodha's Nithin and Nikhil Kamath top IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2020". Moneycontrol. 2020-10-13. Retrieved 2023-05-30.
  29. ↑ "IIFL Wealth and Hurun India rich list: Zerodha's Nithin, Nikhil Kamath top 'self-made' chart with Rs 24,000 cr net worth". Business Today. 2020-10-13. Retrieved 2023-05-30.
  30. ↑ "'I am inspired': Bill Gates applauds Zerodha's Kamath brothers". The Economic Times. 2023-03-08. ISSN 0013-0389. Retrieved 2023-05-30.
  31. ↑ "3 Startup Entrepreneurs, Including Zerodha's Kamath Brothers, Have Doubled Their Donation This Year". NDTV.com. Retrieved 2023-05-30.
  32. ↑ Livemint (2022-10-20). "Youngest billionaire brothers among India's top 10 individual philanthropists". mint. Retrieved 2023-05-30.
  33. ↑ "Nikhil Kamath". Forbes. Retrieved 2023-05-30.
  34. ↑ Podishetti, Akash (2023-04-05). "Newest Entrants! Zerodha's Kamath brothers make it to Forbes' billionaires list 2023". The Economic Times. ISSN 0013-0389. Retrieved 2023-05-30.
  35. ↑ "Zerodha Founders Nithin And Nikhil Kamath Are New Entrants In Forbes Billionaires List 2023". NDTV.com. Retrieved 2023-05-30.
  36. ↑ "Youngest Billionaires in India 2022: Forbes India lists Byju's Divya Gokulnath and Zerodha's Nikhil Kamath". cnbctv18.com. 2022-11-28. Retrieved 2023-05-30.
  37. ↑ "Chess fundraiser | Nikhil Kamath admits using computer in his win against Viswanathan Anand". The Hindu. 2021-06-14. ISSN 0971-751X. Retrieved 2023-07-04.
  38. ↑ "Billionaire Nikhil Kamath apologises for taking help from 'people analysing the game, computers' to win charity chess match opposite Vishy". The Economic Times. 2021-06-15. ISSN 0013-0389. Retrieved 2023-07-04.
  39. ↑ "Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess". The Indian Express. 2021-06-15. Retrieved 2023-07-04.

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