Self-Made Billionaire Nikhil Kamath Co-Founder of Zerodha
Nikhil Kamat is one of the youngest billionaires in India today, along with being a billionaire, he is also leading the country's most successful stock broking firm, Zerodha.
Nikhil Kamat is one of the youngest billionaires in India today, along with being a billionaire, he is also leading the country’s most successful stock broking firm, Zerodha. The post talked about Nikhil’s journey to success. Nikhil was not much interested in studies since his school days. He decided to step into the business world at the age of just 14.
About Nikhil Kamat
Nikhil Kamath was born on 5 September 1986 in Shimoga (Karnataka) in a Hindu Brahmin family. Nikhil’s father name is Raghuram Kamath, retired person from Canara Bank. His mother’s name is Revathi Kamath who is an environmentalist as well as a veena player. His elder brother’s name is Nitin Kamath who is the co-founder of Zerodha Company along with Nikhil.
He did his early education from Oxford Senior Secondary School located in JP Nagar, Bangalore. Due to lack of much interest in studies, he left the school after completing 10th standard. His favorite subject was mathematics.
When he was only 14 years old, he got the idea of business and he along with his friends started selling old phones. But his business came to a standstill as soon as his mother came to know about it. He dropped out of school when he was prevented from appearing in his board exams due to poor attendance.
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Trading and launch of Zerodha
He started trading at the age of 17. At the age of 17, he took up his first job in a call centre. With a salary of just Rs 8,000, he started trading in the stock market. He first started doing stock trading seriously when his father gave him some of his savings and told him to ‘manage’ it.
Nikhil Kamat told that my father had a kind of faith in me, because of which I was able to do well further. He started managing the money of his boss and colleagues in the call center. He then quit his call center job and started Kamat Associates with his elder brother Nithin Kamat. In 2010, he started Zerodha with his savings.
Zerodha is a discount brokerage firm. It offers both retail and institutional broking services. Apart from this, it also provides the facility of investing in mutual funds, commodities and bonds. It is the largest brokerage firm in the country in terms of number of clients. Its headquarter is in Bangalore. In the year 2020, Forbes included both these brothers in the list of 100 richest people of India. Zerodha has around 40 lakh registered users.