Nithin Kamath is the founder of Zerodha. He is the number 1 broker as well as he serves as a CEO at Rain matter. Nithin started trading at the age of 17. He is an author and he has published many articles. Zerodha has emerged in the position of number one brokerage company that offers low cost.
Nithin Kamath Educational Background
Nithin comes from an engineering background. He pursued his studies at the Bangalore Institute of Technology. At the age of 17, he found that trading is the best coolest source of income.
Steps towards entrepreneurship
While trading he accumulated quite a bit of money but in 2001-2002, he suffered great losses as well as lost Rs.5lakh when the market crashed then he started working at a call center the night while he traded stocks in the day thus, he works hard all the time.
One day he met an American HNI who asked him what he does for a living and when in return Nithin showed his trading activity he got impressed as well as asked Nithin to manage his money too in light to he left his job and carried out the same.
Eventually, he started his brokerage Kamath & Associates as well as served as a sub-broker for Reliance Money in 2006. All his work led him to way to open Zerodha where he offered brokerage services at a low cost in comparison to others. Zerodha came into existence on August 15, 2010.
This is an Indian fintech company offering retail brokerage currencies and commodities like trading, mutual funds as well as bonds. It offers products like Kite, Coin, Consoles, Varsity. The company provides services like Equity trading, derivatives trading, Currency trading, Commodity trading, Mutual funds, Bonds, Government bond. The idea of Zerodha derived from a portmanteau of words Zero and Rodha (which means barrier)
Zerodha has emerged as the largest retail stockbroker in India, contributes more than 15% of daily retail volumes across all Indian stock exchanges. Along with this, he worked on Rain matter, an early-stage venture fund, which precisely invests in technology-focused products.
At present Zerodha is dealing with more than 5 million users as well as the company is hiring 1100+ employees. In June 2020, Zerodha attained a self-assessed valuation of more than 1billion based on ESOP buyback at more than four times the book value of Rs. 700 per share. Besides all these achievements he serves as a partner at Kamath Associates as well as Senior Telesales Executive at Manipal Infocom. He is also a property trader.
Awards and recognition
Mr. Nithin is honored for his commendable contribution to the business world. He is the recipient of the Top 10 businessmen to watch out for in 2016. Economic times recognized Zerodha as Start-up of the year (Bootstrap)-2016.
He is honored with awards like Emerging brokerage firm of the year-2015, Emerging Brokerage firm of the year 2014 as well as Emerging Entrepreneur of the year 2014. Zerodha won the BSE-Dun &Bradstreet, Emerging Equity Broking House Award in 2014 as well as 2015. The company is honored as Start-up of the year at 2020 by Economic Times Start-up Awards.
Nithin Kamath Family
He was born at Shivamogga. His sibling’s name is Nikhil Kamath. He spent his happily married life with a loving partner Seema Patil, he got married in 2008. He loves to write as he has published his self-composed articles like “some question I get asked often” and many more
Net worth of Nithin Kamath
With lots of hard efforts and determination, he succeeds in making a company worth 1 billion. The revenue earned by the company is Rs.2,728.93 crore as well as net income is Rs.1122.31 crore.
The Unheard Inspirational personality
Nithin Kamath is a real-life inspiration to all who wait for acquiring a job, he inspires us all to instead of waiting for a well-paid job we need to work upon being the boss of our own business as he did by enhancing his skill of trading and establishing a company out of it.
Nithin Kamath is a real-life inspiration to all to chase the things you are good at and create your own opportunities out of them.