Nikhil Kamath

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Nikhil Kamath
Nikhil Kamath at World Economic Forum.png
BornSeptember 5, 1986
Bangalore, Karnataka
NationalityIndian
Occupation(s)Entrepreneur and YouTuber
Organization(s)Zerodha, True Beacon and Gruhas
Website https://zerodha.com/

Nikhil Kamath (born September 5, 1986, in Shimoga, Karnataka) is an Indian entrepreneur. He is the co-founder of Zerodha, a retail stockbroker, and True Beacon, an asset management company. [1] [2] [3] Kamath is a part of the 2023 Forbes billionaires list. [4] [5]

Contents

Early life and education

Kamath was born on September 5, 1986, in Shimoga, Karnataka, India. Kamath dropped out of school after 10th grade and he has no formal degree. [1] [6] [7] [8]

Career

Kamath started his career with a job at a call center while also engaging in equity trading on the side. [9] [10] [11] In 2006, Kamath became a sub-broker and started his brokerage firm with his brother Nithin Kamath titled Kamath & Associates to manage high-net-worth individual portfolios in the public markets. [1]

In 2010, Kamath co-founded Zerodha along with his brother Nithin Kamath. [12] [13] Zerodha provides brokerage services for dealing in stocks, currencies, and commodities. [14] [15] Kamath introduced a discount brokerage model with Zerodha which reduces the commission charged for transactions, enabling the masses to invest. [16] [17]

Kamath also co-founded True Beacon In 2020, an asset management company that helps ultra-high-net individuals invest in the Indian markets via privately pooled investment vehicles. [18] [3] [19] [20]

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. [21] [22]

In March 2023 Kamath started hosting “WTF is? podcast, as of April 2024 Kamath hosted Tanmay Bhat, Kiran Mazumdar-Shaw, Suniel Shetty, Ritesh Agarwal, Ronnie Screwvala and more public figures and entrepreneurs over the year. [23]

In June 2023, He committed to donating 50% of his wealth to charitable causes like climate change, education, and health care by signing The Giving Pledge. [24]

Chess.com charity match

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. [25] [26] [27] During the event, Kamath cheated against Anand by using the assistance of chess analysts and engines. Kamath later apologized, calling his behavior 'quite silly'. [28] [29] [30] Following the match, Chess.com, the virtual platform that was used to play the charity game, decided to ban his account. [31] However, Chess.com restored his account within 24 hours with the statement - "Chess.com has no reason to uphold anything given its rules and guidelines toward unrated games and exhibition events". [32]

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References

  1. 1 2 3 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. 1 2 "Zerodha's Nikhil Kamath-backed True Beacon looks at disrupting UHNI wealth management arena". Business Today. 2022-06-15. Retrieved 2023-05-30.
  4. ↑ "Zerodha Founders Nithin And Nikhil Kamath Are New Entrants In Forbes Billionaires List 2023". NDTV.com. Retrieved 2023-07-24.
  5. ↑ "Nikhil Kamath". Forbes. Retrieved 2023-07-24.
  6. ↑ "How This School Dropout Became India's Youngest Billionaire". NDTV.com. Retrieved 2023-05-30.
  7. ↑ "Nikhil Kamath Journey: All about Zerodha founder's inspiring journey". Firstpost. 2023-04-26. Retrieved 2023-06-12.
  8. ↑ Schultz, Abby. "Young Billionaire Nikhil Kamath Is Giving Away His Money. Here's Why". www.barrons.com. Retrieved 2023-08-04.
  9. ↑ "Who is India's youngest billionaire? How did he make it from zero to 'Zerodha'". Yahoo Finance. 2021-07-20. Retrieved 2023-05-30.
  10. ↑ "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.
  11. ↑ 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.
  12. ↑ "The billionaire brokers - Kamath brothers of Zerodha". www.thehindubusinessline.com. 2022-09-09. Retrieved 2023-05-30.
  13. ↑ "A Watch Collection Focused on Memories and Moments (Published 2021)". 2021-01-14. Retrieved 2023-08-04.
  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. ↑ "Nikhil Kamath: 'Bust in private equity space imminent… Everybody's valuation is inflated, even ours'". The Indian Express. 2021-05-31. Retrieved 2023-08-04.
  17. ↑ "The Curious Case Study Of Zerodha's Blue Ocean Strategy". Forbes India. Retrieved 2023-07-24.
  18. ↑ Jain, Aashika (2021-10-01). "In The Hot Seat With Forbes Advisor India: Nikhil Kamath". Forbes Advisor INDIA. Retrieved 2023-07-24.
  19. ↑ Borate, Neil (2022-09-14). "Nikhil Kamath's True Beacon starts quant-driven PMS". mint. Retrieved 2023-05-30.
  20. ↑ "Zerodha applies for mutual fund license". The Economic Times. 2020-02-20. ISSN   0013-0389 . Retrieved 2023-07-24.
  21. ↑ "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.
  22. ↑ "Nikhil Kamath-backed Gruhas Proptech plans to roll out $150 mn fund". Business Today. 2021-12-22. Retrieved 2023-07-16.
  23. ↑ "Nikhil Kamath's Podcast 'WTF Is' Ranked One Of The Best On Spotify, He Reacts". NDTV.com. Retrieved 2024-04-29.
  24. ↑ "Nikhil Kamath youngest Indian to sign Giving Pledge". The Times of India. 2023-06-07. ISSN   0971-8257 . Retrieved 2023-07-07.
  25. ↑ "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.
  26. ↑ Zafft, Robert. "Liar's Chess: Exposing India's Slumdog Billionaire". Forbes. Retrieved 2023-07-24.
  27. ↑ Chess Cheating: Vishy Anand, Nikhil Kamath , retrieved 2023-07-24
  28. ↑ "'Apologies': Indian billionaire says he cheated to beat chess champion". South China Morning Post. 2021-06-15. Retrieved 2023-08-04.
  29. ↑ "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.
  30. ↑ "Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess". The Indian Express. 2021-06-15. Retrieved 2023-08-04.
  31. ↑ "Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess". The Indian Express. 2021-06-15. Retrieved 2023-07-04.
  32. ↑ "Nikhil Kamath ban lifted as Anand says 'forgot and forgave'". The Times of India. 2021-06-16. ISSN   0971-8257 . Retrieved 2023-09-11.
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