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

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 2023 Forbes billionaires list.[4][5]

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 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 cheated against Anand by using the assistance of chess analysts and engines. Kamath later apologised, calling his behaviour 'quite silly'.[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. 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 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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