Nithin Kamath
Indian businessman and investor
From Wikipedia, the free encyclopedia
Nithin Kamath (born 5 October 1979) is an Indian entrepreneur and the founder and chief executive officer (CEO) of Zerodha.[1][2][3]
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- Entrepreneur
- Investor
True Beacon
Gruhas
Nithin Kamath | |
|---|---|
| |
| Born | 5 October 1979 |
| Alma mater | Bangalore Institute of Technology |
| Occupations |
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| Organization(s) | Zerodha True Beacon Gruhas |
| Relatives | Nikhil Kamath (brother) |
Early life and education
Kamath was born in Shivamogga, Karnataka, to a Konkani family.[1] His father, U. R. Kamath, worked as an executive at Canara Bank, and his mother, Revathi, was a veena teacher.[1] He has a younger brother, Nikhil Kamath, who later became his business partner. The family relocated to Bangalore in 1996.[1][4]
Career
Kamath began trading in the stock market at the age of 17, initially managing his father's trading account.[1][5][6][7] From January 1997 to January 2004, he worked as a self-employed proprietary trader.[1][8] To supplement his income, he worked as a Senior Tele-sales Associate at a call centre from January 2001 to January 2004, trading during the day and working nights.[5][9]
From January 2004 to January 2010, Kamath worked as a sub-broker for Kamath Associates, a franchise of Reliance Money, where he provided portfolio advisory services and engaged in proprietary trading.[10]
Founding of Zerodha
In 2010, Kamath co-founded Zerodha with his brother Nikhil Kamath.[1] The company introduced a discount broking model in India, offering a flat fee of ₹20 per trade regardless of order size, in contrast to percentage-based fee structures used by traditional brokers.[11][9]
The discount-broking model contributed to the firm's growth without significant spending on advertising or venture-capital funding.[12] By 2020, Zerodha reported a self-assessed valuation of approximately US$1 billion.[13][14][15]