Nikhil Kamath

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Nikhil Kamath
BornSeptember 5, 1986
Shimoga, Karnataka
NationalityIndian
Occupation(s)Entrepreneur and YouTuber
Organization(s)Zerodha, True Beacon and Gruhas
Websitehttps://zerodha.com/

Nikhil Kamath (born September 5, 1986, in Shimoga, Karnataka) is an Indian entrepreneur.[1] He is the co-founder of Zerodha, a retail stockbroker, and True Beacon, an asset management company.[2][3][4] Kamath is a part of the 2023 Forbes billionaires list.[5][6]

Early life and education

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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.[2][7][8][9]

Career

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Kamath started his career with a job at a call center while also engaging in equity trading on the side.[10][11][12] 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.[2]

In 2010, Kamath co-founded Zerodha along with his brother Nithin Kamath.[13][14] Zerodha provides brokerage services for dealing in stocks, currencies, and commodities.[15][16] Kamath introduced a discount brokerage model with Zerodha which reduces the commission charged for transactions, enabling the masses to invest.[17][18]

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.[19][4][20][21]

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.[22][23]

In March 2023, Kamath started hosting 'WTF is' podcast. As of April 2024, Kamath has hosted Tanmay Bhat, Kiran Mazumdar-Shaw, Suniel Shetty, Ritesh Agarwal, Ronnie Screwvala and other public figures and entrepreneurs throughout the year.[24]

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.[25]

Chess.com charity match

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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.[26][27][28] During the event, Kamath cheated against Anand by using the assistance of chess analysts and engines. Kamath later apologized, calling his behavior 'quite silly'.[29][30][31] Following the match, Chess.com, the virtual platform that was used to play the charity game, decided to ban his account.[32] 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".[33]

References

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  1. ^ "Nikhil Kamath's True Beacon doubles down on its PMS product". www.thehindubusinessline.com. 2022-12-26. Retrieved 2023-05-30.
  2. ^ a b c Bahree, Megha. "From dropout to fintech disruptor: Zerodha's Nikhil Kamath". www.aljazeera.com. Retrieved 2023-05-30.
  3. ^ Bharat, Monali. "Zerodha's Nikhil Kamath on Why He Doesn't Have Kids, Focuses on Purpose". Bru Times News.
  4. ^ a b "Zerodha's Nikhil Kamath-backed True Beacon looks at disrupting UHNI wealth management arena". Business Today. 2022-06-15. Retrieved 2023-05-30.
  5. ^ "Zerodha Founders Nithin And Nikhil Kamath Are New Entrants In Forbes Billionaires List 2023". NDTV.com. Retrieved 2023-07-24.
  6. ^ "Nikhil Kamath". Forbes. Retrieved 2023-07-24.
  7. ^ "How This School Dropout Became India's Youngest Billionaire". NDTV.com. Retrieved 2023-05-30.
  8. ^ "Nikhil Kamath Journey: All about Zerodha founder's inspiring journey". Firstpost. 2023-04-26. Retrieved 2023-06-12.
  9. ^ Schultz, Abby. "Young Billionaire Nikhil Kamath Is Giving Away His Money. Here's Why". www.barrons.com. Retrieved 2023-08-04.
  10. ^ "Who is India's youngest billionaire? How did he make it from zero to 'Zerodha'". Yahoo Finance. 2021-07-20. Retrieved 2023-05-30.
  11. ^ "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.
  12. ^ 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.
  13. ^ "The billionaire brokers - Kamath brothers of Zerodha". www.thehindubusinessline.com. 2022-09-09. Retrieved 2023-05-30.
  14. ^ "A Watch Collection Focused on Memories and Moments (Published 2021)". 2021-01-14. Retrieved 2023-08-04.
  15. ^ "Burned-Out Broker Got Rich Giving Free Trades to Millennials". Bloomberg.com. 2019-05-08. Retrieved 2023-05-30.
  16. ^ "Nithin And Nikhil Kamath: Code Zero". Forbes India. Retrieved 2023-05-30.
  17. ^ "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.
  18. ^ "The Curious Case Study Of Zerodha's Blue Ocean Strategy". Forbes India. Retrieved 2023-07-24.
  19. ^ Jain, Aashika (2021-10-01). "In The Hot Seat With Forbes Advisor India: Nikhil Kamath". Forbes Advisor INDIA. Retrieved 2023-07-24.
  20. ^ Borate, Neil (2022-09-14). "Nikhil Kamath's True Beacon starts quant-driven PMS". mint. Retrieved 2023-05-30.
  21. ^ "Zerodha applies for mutual fund license". The Economic Times. 2020-02-20. ISSN 0013-0389. Retrieved 2023-07-24.
  22. ^ "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.
  23. ^ "Nikhil Kamath-backed Gruhas Proptech plans to roll out $150 mn fund". Business Today. 2021-12-22. Retrieved 2023-07-16.
  24. ^ "Nikhil Kamath's Podcast 'WTF Is' Ranked One Of The Best On Spotify, He Reacts". NDTV.com. Retrieved 2024-04-29.
  25. ^ "Nikhil Kamath youngest Indian to sign Giving Pledge". The Times of India. 2023-06-07. ISSN 0971-8257. Retrieved 2023-07-07.
  26. ^ "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.
  27. ^ Zafft, Robert. "Liar's Chess: Exposing India's Slumdog Billionaire". Forbes. Retrieved 2023-07-24.
  28. ^ Chess Cheating: Vishy Anand, Nikhil Kamath, retrieved 2023-07-24
  29. ^ "'Apologies': Indian billionaire says he cheated to beat chess champion". South China Morning Post. 2021-06-15. Retrieved 2023-08-04.
  30. ^ "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.
  31. ^ "Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess". The Indian Express. 2021-06-15. Retrieved 2023-08-04.
  32. ^ "Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess". The Indian Express. 2021-06-15. Retrieved 2023-07-04.
  33. ^ "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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