Nikhil Kamath

Nikhil Kamath (born September 5, 1986) 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 Forbes billionaires list 2023.[4][5]

Nikhil Kamath
BornSeptember 5, 1986
Bangalore, Karnataka
NationalityIndian
OccupationBusinessman
Organization(s)Zerodha, True Beacon and Gruhas
RelativesNithin Kamath, Brother

Early life and education

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

Career

Early days

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 own brokerage firm with his brother Nithin Kamath titled Kamath & Associates to manage high net worth individual portfolios in the public markets.[1]

Zerodha

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]

True Beacon

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

Gruhas

In 2021, Mr. 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]

Philanthropy

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.[23]

Controversies

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.[24][25][26] During the event, Kamath had taken the help of chess analysts and computers to get the better of Anand. Kamath later apologised for his misdemeanour calling it 'quite silly' and that he didn't realise all the confusion that can get caused due to this'.[27][28][29] Following the match, Chess.com, the virtual platform that was used to play the charity game, decided to ban his account.[30] However, Chess.com restored his account within 24hours with the statement - "Chess.com has no reason to uphold anything given its rules and guidelines toward unrated games and exhibition events".[31]

References
  1. 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. "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 youngest Indian to sign Giving Pledge". The Times of India. 2023-06-07. ISSN 0971-8257. Retrieved 2023-07-07.
  24. "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.
  25. Zafft, Robert. "Liar's Chess: Exposing India's Slumdog Billionaire". Forbes. Retrieved 2023-07-24.
  26. Chess Cheating: Vishy Anand, Nikhil Kamath, retrieved 2023-07-24
  27. "'Apologies': Indian billionaire says he cheated to beat chess champion". South China Morning Post. 2021-06-15. Retrieved 2023-08-04.
  28. "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.
  29. "Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess". The Indian Express. 2021-06-15. Retrieved 2023-08-04.
  30. "Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess". The Indian Express. 2021-06-15. Retrieved 2023-07-04.
  31. "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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