Nithin Kamath, the CEO and founder of Zerodha, India’s largest brokerage firm, is a prominent figure in the business and finance world. As an entrepreneur, stockbroker, and columnist for Financial Express, Nithin has made significant contributions to the financial industry.

Early Life and Education

Nithin was born on October 5, 1979, in Shivamogga, Karnataka, India, into a Konkani family. His father, U.R. Kamath, held an executive position at Canara Bank. During his childhood, Nithin learned to play the Veena, a musical instrument, from his mother. Due to his father’s profession, Nithin’s schooling took place in various cities. In 1996, his family settled in Bangalore, where he completed his secondary education.

College Journey

Nithin completed his graduation at Bangalore Institute of Technology, where he specialized in Electronics and Telecommunications. His academic background enabled him to grasp the technical intricacies of the evolving financial technology landscape.

Personal Details

Here are some personal details about Nithin Kamath, offering a glimpse into his life and journey:

• Full Name: Nithin Kamath
• Date of Birth: October 5, 1979
• Age: 44 Years (as of 2024)
• Hometown: Shivamogga, Karnataka, India
• Company Founded: Zerodha
• Current Position: Founder & CEO of Zerodha, CEO of Rainmatter Capital
• Current City: Bangalore, Karnataka, India
• Parents: Father – U.R Kamath
• Marital Status: Married
• Spouse: Seema Patil
• Children: Kiaan Kamath

Entrepreneurial Journey

Nithin’s journey began at the age of 17 when he discovered his interest in trading. While still studying, he managed his father’s trading account, which gave him practical knowledge of the financial market. During college, Nithin became a self-employed trader from January 1997 to January 2004. This experience helped him understand trading deeply and learn about market dynamics.

Although Nithin was making good money, he faced a setback between 2001 and 2002 when the markets crashed, and he lost Rs. 5 lakh. After college, due to a lack of funds for trading, Nithin started working as a Senior Telesales Executive in a call center. He traded during the day and worked in the call center at night.

This continued for some years until he met an American HNI who gave him a cheque and asked him to manage his money. This opportunity led Nithin to start his brokerage, Kamath & Associates, becoming a sub-broker for Reliance Money in 2006. He offered portfolio advisory services and participated in proprietary trading.

In 2010, along with his younger brother Nikhil, Nithin founded Zerodha, aiming to revolutionize the brokerage industry in India. He introduced discount broking and innovative trading technologies, changing the landscape of online trading in India. Zerodha soon became one of the largest stockbroker firms in the country.

Facing Challenges

Starting Zerodha was not easy. Nithin put in a lot of hard work to establish his firm. He began his journey as a regular trader and noticed the challenges and restrictions traders faced. This inspired him to start Zerodha. The name Zerodha itself is a combination of “Zero” and “Rodha,” a Sanskrit word meaning limitation.

Initially, Nithin aimed to serve day traders. However, Zerodha’s disruptive pricing models and in-house technology quickly propelled it to become one of the largest stockbrokers in India in terms of active retail clients.

Personal and Professional Achievements

From the age of 17, Nithin faced many challenges when he started Zerodha. He experienced both highs and lows but never gave up hope. His strong determination led him to establish India’s largest brokerage firm, Zerodha. Nithin’s dedication, hard work, and perseverance made him a successful entrepreneur in India. His vision to bring about positive change and passion for innovation played a crucial role in his success.

Personal Achievements

• 2014: Emerging Entrepreneur Award.
• 2014 & 2015: Emerging Brokerage Firm of the Year.
• 2016: Featured Among Top 10 Indian Businessmen to Watch Out.
• 2016: Forbes India 30 under 30, Finance.
• 2016: Startup of the Year (Bootstrap).
• 2020: IIFL Wealth Hurun India 40 and Under Self-Made Rich List.

Zerodha Milestones

• 2010: Founded Zerodha.
• 2013: Built a tech product to buy and sell stocks in a more user-friendly way.
• 2014: Launched Zerodha Varsity to educate people about trading.
• 2015: Launched Rainmatter, an Indian Fintech fund and incubator.
• 2015: Launched Kite, a new-age trading platform.
• 2016: Crossed over 1 lakh active clients.
• 2017: Launched Coin, a mutual-fund investing platform.
• 2019: Became India’s largest stockbroker.
• 2019: Crossed 10 lakh active clients.
• 2020: Became a unicorn without raising any funds.
• 2020: Won ET Startup of the Year award.

Investments and Net Worth

With a net worth of $2.7 billion, Nithin Kamath is actively investing in startups to support innovative business ideas and budding entrepreneurs. He has invested in 17 startups. Some of his notable investments include:

• Pee Safe (Sep 11, 2023): Rs.250M (Series B)
• SatSure (Feb 6, 2023): Undisclosed (Series A)
• The Whole Truth (Dec 28, 2022): Rs.15M (Series B)
• GalaxEye (Dec 15, 2022): $3.5M (Seed Round)
• Even (Nov 10, 2021): Rs.1.2B (Convertible Note)
• RipenHQ (Aug 1, 2022): $525K (Pre-Seed Round)
• Climes (Jul 5, 2022): $1.2M (Seed Round)
• Ultrahuman (May 12, 2022): Undisclosed (Venture Round)
• AssetPlus (May 11, 2022): Rs.280M (Series A)
• Licious (May 15, 2022): Rs.11.5B (Series F)

Nithin Kamath’s strategic investments in various industries showcase his business acumen and support for new founders. His journey from a self-employed trader to the CEO of India’s largest brokerage firm is a testament to his vision, perseverance, and dedication to transforming the financial landscape.