Nikhil Kamath is the co-founder and chief investment officer of Zerodha, India’s largest online trading platform. He started his journey as a school dropout who worked as a call center executive and a chess player. He learned the basics of trading from his elder brother Nithin Kamath, who is also the co-founder and CEO of Zerodha.
How did he achieve this feat?
According to Forbes’ list of the 100 richest people in India, Nikhil Kamath has a net worth of $1.9 billion, making him the youngest billionaire in the country at 37. He shares the 90th spot with his brother Nithin, who is 41. The brothers have a combined net worth of $3.8 billion.
The main source of their wealth is Zerodha, which they founded in 2010 with a capital of Rs 4 lakh. Zerodha offers low-cost online trading services to over 5 million customers across India. The company has a valuation of $2 billion and earns revenue from brokerage fees, subscription fees, and fintech products.
What are his other ventures and interests?
Besides Zerodha, Nikhil Kamath also runs True Beacon, an asset management company that caters to ultra-high net worth individuals. He launched True Beacon in 2019 with an aim to offer transparent and performance-oriented investment solutions.
Nikhil Kamath is also passionate about chess and philanthropy. He is an avid chess player who has represented India at various international tournaments. He also supports chess education and development through his initiative Chess for India. He is also a trustee of the Kamath Foundation, which works on various social causes such as education, health, and environment.
What are his future plans and vision?
Nikhil Kamath has a vision to democratize finance and make it accessible to everyone in India. He wants to leverage technology and innovation to create products and services that can help people achieve their financial goals. He also wants to contribute to the growth of the Indian economy and society through his entrepreneurial and philanthropic endeavors.
He believes that success is not a destination but a journey that requires constant learning and improvement. He says that he is inspired by his brother Nithin, who is his mentor and partner in business and life.