Nithin Kamath: Founder & CEO at Zerodha

Nithin Kamath is the Founder & Chief Executive Officer (CEO) of a discount brokerage firm, Zerodha based at Bangalore, Karnataka, India. He is an Indian entrepreneur and a stockbroker and a columnist for The Financial Express. The Economic Times named Nithin among The Top 10 Bussinessmen to WatchOut for 2016 in India for discount broking. He has a net worth of Rs. 24,000 crore. Moreover, Zerodha topped the IIFL Wealth Hurun India 40 & under Self- Made Rich List 2020.

Nithin Kamath- Biography

Name Nithin Kamath
Born 5 October, 1979
Birthplace Shivamogga, Karnataka, India
Age 41 (2020)
Nationality Indian
Education Bangalore Institute of Technology
Profession Entrepreneur
Position Founder & CEO, Zerodha
Net worth Rs. 24,000 crore (2020)
Father U.R Kamath
Mother Revati
Brother Nikhil Kamath
Spouse Seema Patil

Nithin Kamath- Personal Life
Nithin Kamath- Education
Nithin Kamath- Professional Life
Nithin Kamath- Success story
Nithin Kamath- Founder & CEO of Zerodha
Nithin Kamath- Varsity
Nithin Kamath- Rainmatter
Nithin Kamath- True Beacon
Nithin Kamath- Honors & Awards

Zerodha Story - Founders | Revenue | Competitors | Business Model
This post has been approved by the organisation it is based on. The boom of the stock market has been sky-rocketing since the 200o’s. Imagine aplayer coming in and letting the traders trade barrier-free. Yes! That has beena reality with Zerodha since 2010. Zerodha was founded by brothers Nithin a…

Nithin Kamath- Personal Life

Nithin was born in Shivamogga, Karnataka, India to a Konkani family. His father, U.R. Kamath was employed as one of the executive with Canara Bank. His mother, Revathi taught to play the musical instrument, veena. He also has a younger brother, Nikhil Kamath, who is the Co-founder at Zerodha.

Nithin got married to Seema Patil in 2008. He loves to play basketball. He is a martial arts enthusiast and an avid poker.

Nithin Kamath- Education

During his childhood days, Nithin travelled across India escorting his father's profession, before formerly settling to Bangalore in 1996, where he finished his secondary and college.

Nithin completed his graduation from Bangalore Institute of Technology specialized in Electronics and Telecommunications.

Nithin Kamath- Professional Life

At age 17, Nithin started managing his father's trading account. While pursuing his studies at college, he was already self employed as a Propriety Trader from January 1997 to January 2004.

After spending a substantial time as a professional trader, he worked at a call center for three years due to the lack of trading capital. He traded during the day and did the Telesales at Nights. He worked for the call center focused company, Senior Telesales Executive from January 2001 to June 2004.

Nithin started his professional career as a sub-broker, when he partnered with Kamath Associates as a propriety trader. It was basically a franchisee of Reliance Money. He also deduced Portfolio advisory services. He worked at the company for six years i.e., from January 2004 to January 2010.

Nithin and his younger brother, Nikhil founded their own stock brokerage firm, Zerodha by the end of 2010.

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Nithin Kamath- Success story

NSE's Free trading platform 'NOW' was one of the source of inspiration for Nithin Kamath to disrupt the brokerage industry by 'Zerodha'.

Happing with the experience of trading the stock markets for a decade, Nithin established Zerodha. He felt the fatigue in the stock market pursuit. Thus, he came up with Zerodha that would serve as a catalyst for change and started a brokerage firm that traders didn't have. The name Zerodha is a combination of Zero and "Rodha", the Sanskrit word meaning barrier.

Both the brothers started the venture in 2010 with a team of five people. The startup initially focused on day traders and eventually the venture grew massively. The disruptive pricing models and in-house technology have made Zerodha the biggest stock broker in India, in terms of active retail clients.

Nithin Kamath- Founder & CEO of Zerodha

Zerodha Logo

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

How does Zerodha work?

Zerodha offers trading in equities, currencies, bonds, commodities and mutual funds. An investor needs to pay Rs.300 to open his 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 brokerage fee. Nearly, 2 lakh Zerodha accounts adds up every month.

Nithin Kamath- Varsity

Varsity Logo

Under the leadership of Nithin, Zerodha runs a number of popular open online educational and community initiatives. The company launched a learning module, Varsity, to educate the young investors investing for the very first time. It also runs an active forum of Q&A, where traders and investors can discuss stock ideas. There is also an interactive blog called, "Z Connect".

IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2020
IIFL Wealth and Hurun India today released the IIFL Wealth Hurun India 40 &Under Self-Made Rich List 2020, a ranking of the self-made entrepreneurs with awealth of INR 1,000 Cr, aged forty years and under from India. Wealthcalculations are a snapshot of 31 August 2020. This list follows on from t…

Nithin Kamath- Rainmatter

Rainmatter Logo

Rainmatter is a Bangalore 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 fillings, 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 Rs. 10 lakh.

Nithin Kamath- True Beacon

Nithin with his brother founded True Beacon, an investment management firm. The venture aimed at ultra-high net worth investors and operates on a zero-free model. The Annual Maintenance Contract (AMC) do not charge an account on the ground of 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.

Mahesh Murthy | Founder & CEO of Pinstorm | Entrepreneur | Marketer | Investor |
Mahesh Murthy is the Founder and Chief Executive Officer (CEO) of Pinstorm, adigital marketing agency. He is an Indian Entrepreneur, Marketer, and Investor focusing on early stage startups. He is also a managing partner of early-stagefund Seedfund. He is also a writer, speaker and columnist. He w…

Nithin Kamath- Honors & Awards

  • He was conferred with the Emerging Entrepreneur Award (2014)  through the Confederation of Indian Industry (CII)
  • He was awarded the Emerging brokerage firm of the year (2014) by BSE and Dun & Bradstreet
  • He was conferred with the Emerging brokerage firm of the year (2015) by BSE and Dun & Bradstreet
  • During the annual business review, the Economic Times featured Nithin among the 10 Indian businessmen to watch out for in 2016, who will be most influential in their respective industries.
  • He was ranked in the list of Forbes India 30 under 30, Finance in 2016.
  • The Economics Times awarded him with Startup of the year (Bootstrap) 2016
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About Megha Rani

Content Editor
  • Ranchi, Jharkhand
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