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. 12,000 crore (2020) |
| Father | U.R Kamath |
| Mother | Revati |
| Brother | Nikhil Kamath |
| Spouse | Seema Patil |
Nithin Kamath- Latest News
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
Nithin Kamath- FAQs
Nithin Kamath- Latest News
29 May 2021 - Nithin and Nikhil Kamath, each will now get Rs. 100 Crore as salary. They have become the highest paid co-founders in the Indian startup ecosystem.
Recently, Zerodha’s board has passed a resolution which indicates that Nithin Kamath will be getting a yearly remuneration of about Rs 100 crore. He will be getting a basic salary of Rs 4.17 crore per month and benefits and allowances of the same amount. His annual salary has become Rs 100 cr. making him the highest paid co-founder of startups in India. Nithin, his wife Seema Patil and brother Nikhil Kamath, the trio will be getting annual compensation of Rs.300 crore.
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.
PV Vyshnavi
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
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
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".
Shubham Kumar
Nithin Kamath- Rainmatter
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.
Megha Rani
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
Nithin Kamath- FAQs
What is Nithin Kamath age?
Nithin Kamath is 41 years (2020). He was born on 5 October 1979.
What is Nithin Kamath net worth?
Nithin Kamath net worth is $1.5 Billion in (2020).
What is Nithin Kamath salary?
Nithin Kamath annual salary is Rs 100 cr. (2021)
What is Nithin Kamath education?
Nithin completed his Bachelors in Electronics and Telecommunications from Bangalore Institute of Technology.
Who is Nithin Kamath wife?
Seema Patil is Nithin Kamath's wife.
Who is Nithin Kamath brother?
Nikhil Kamath, a co-founder of Zerodha is Nithin Kamath's brother.
Author: Megha Rani
Source : https://startuptalky.com/nithin-kamath-zerodha/
Date : 2021-05-29T08:58:00.000Z