The youngest self-made billionaire in India, Nithin Kamath is the CEO and co-founder of the largest stockbroking company- Zerodha in India. Zerodha is quite a prominent company that started in 2010 as a brokering business.
Later, Nithin Kamath along with his brother Nikhil Kamath built the company into a huge fintech independent business whose valuation is now marked as 1 billion dollars. Nithin Kamath has always been absolutely devoted, determined and daring with his business. He never missed a step to success! That's the sign of a true entrepreneur and catalyst for development.
Nithin Kamath entered the world of the stock market at the age of 17. He has been a trader for all time. Many ups and downs came with the territory but Nithin Kamath has always been uptight with his work. From earning Rs. 4 lakh by just being in college to losing the entire money in a chance and ended up working in a call center on a monthly pay of Rs. 12,000. He has seen it all in little time.
Moreover, Nithin Kamath is also the founder of Rainmatter which is a fintech startup fund as well as an incubator in order to contribute to India's capital markets ecosystem. In this article, we have discussed some of the very interesting and lesser-known facts about Nithin Kamath. Stay tuned!
Nithin Kamath Dropped out of college
Nithin Kamath is an avid reader
Nithin Kamath lost almost Rs 5 lakh during his teenage
Nithin Kamath owns True Beacon
How the Events turned from Call Center for Nithin Kamath
Nithin Kamath is a big Fan of music and Sports
Nithin Kamath is Trading since the age of 17
FAQ
Nithin Kamath Dropped out of college
Nithin Kamath dropped out of college at the age of 14. Then he joined a two-year chess career, playing both international and national levels.
In an interview with CNBC, he said, "As I dropped out of college I didn't have a degree so it would have been very tough to get a job. That's why I chose a career that did not require a college degree." He also added, "Chess is something that teaches you how to move in a structural system and also, how to be creative and smart."
Nithin Kamath is an avid reader
Very few know this, but Nithin Kamath is an avid reader. He is a self-professed bibliophile. His favourite Book is Market Wizards written by Jack Schwager. In fact, he has more than 500 books. And said, he reads at least one or two books every week. This keeps him calm and fresh to new thoughts.
Anik Banerjee
Nithin Kamath lost almost Rs 5 lakh during his teenage
When Nithin Kamath was in his teenage years, he lost almost Rs. 5 lakh. Obviously, this is a huge amount for a teenager. But he kept on moving, he didn't pack up his career in trading.
To cover this up, he joined a call center during nights at the monthly pay cheque of Rs. 12,000. He used to trade in the daytime and then, get back to his duty at the call center in the night. This continued for a few years until he met an American HNI. He appointed Nithin with a cheque to manage his money. He took the job and managed brilliantly.
Nithin Kamath owns True Beacon
Nithin Kamath along with his brother Nikhil Kamath owns another company that is an investment management firm- True Beacon. This investment management firm is known as the ecosystem of copyrighted products, services of capital markets, management and advisory for portfolios and tailored programs for different strategic investors. These have been intended for India's public and private markets.
How the Events turned from Call Center for Nithin Kamath
When Nithin Kamath was working in the call center, two major things happened to him. First- he met his wife Seema Patil, with whom he married and have a son together.
Secondly, he along with his younger brother Nikhil Kamath started their careers in trading together in 2010. After 11 years of working together, the two brothers transformed the Indian trading system with their brilliant flat fee model. With this, they got to be at the top in the market.
Nithin Kamath re-build his career in trading along with his brother Nikhil Kamath and together they gained absolute success.
Nithin Kamath is a big Fan of music and Sports
Nithin Kamath is a big fan of music. Whenever he gets too busy with his working schedule, he takes some time out and sings while playing the guitar. This calms the chaos of work and keeps his mind smooth. His favourite song is 'Zindagi Kaisi Hai Paheli' from Anand (1971).
He is also a big passionate sports lover. He loves to play basketball, snooker and poker and he is pretty good at it. Besides, Nithin loves cycling, swimming and running as well.
Pratyusha Srivastava
Nithin Kamath is Trading since the age of 17
In the Zerodha company video of 2017, Nithin Kamath mentioned that he started his trading career at the age of 17. He said, "I joined trading as an active interest in the stock market. My brother and father were already in the stock market investing. Then I too joined them and as I won the first bit of money, I got more interested in this and the rest is history."
Nithin Kamath has several unique techniques and approaches towards trading. He called it 'the infinite sky, without a ceiling', in an interview with Arabian Business a year earlier.
He added, "When you become a good trader, you keep on investing and making the money out of it. There is no limit to scaling and that's the thing that attracted me most towards it. Also, you do not need a proper qualification for trading in the stock market. You can gain your knowledge from any source you like. You can come up with your theories and tips and become a good trader all by yourself."
Conclusion
Nithin Kamath had worked really hard in making Zerodha what it is today. He is a college dropout hence, does not have any proper study or guidelines in finance. But, still, he managed to gain the knowledge required from all possible sources. He is fond of books which helped him a lot. Trading has brought great balance in his life and he along with his brother changed the entire Indian trading system. They went on the top and remained there as true entrepreneurs and businessmen.
FAQ
Is Zerodha a unicorn?
Zerodha founded by Nithin and Nikhil Kamath entered the unicorn club with a self-assessed valuation of about $1 billion on June 2020.
What is the net worth of Nithin Kamath?
Nithin and Nikhil Kamath are the wealthiest entrepreneurs under the age of 40 in India with a wealth of ₹24,000 crore.
How much does Nithin Kamath earn?
Zerodha co-founders Nithin and Nikhil Kamath to get Rs 100 crore annual salary.
Author: Pratyusha Srivastava
Source : https://startuptalky.com/nithin-kamath-unknown-facts/
Date : 2021-06-28T07:30:00.000Z