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Nithin Kamath Success Story: CEO & Founder of Zerodha



Nithin Kamath, the CEO and founder of Zerodha, India's largest brokerage firm, is a well-known 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. 

He is particularly known for his pioneering work in discount broking, which has been instrumental in Zerodha's success.

In this blog, we will delve into Nithin Kamath's personal journey, exploring his early life, key experiences, his venture into investments, and, of course, the remarkable success story behind Zerodha, India's leading brokerage firm.



Early Life and Education

Nithin was born on October 5, 1979, in Shivamogga, Karnataka, India, into a Konkani family. His father 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.


Nithin’s 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: 5 October 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 of Nithin Kamath

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 centre. He traded during the day and worked in a call centre at night.

This continued for some years until he met an American HNI who gave a cheque to him 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.

Despite his hard work, Nithin desired more and took a big risk. In 2010, along with his younger brother Nikhil, he founded their own brokerage firm, Zerodha, beginning his entrepreneurial journey. Nithin's mission was to revolutionize the brokerage industry in India.

He introduced discount broking and innovative trading technologies which changed 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 a cakewalk. Nithin put in a lot of hard work to establish his own firm. He began his journey as a regular trader and noticed the challenges and restrictions traders faced. This inspired him to start his own brokerage firm, Zerodha. In fact, 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 he 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: Emerging Brokerage Firm of the Year

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 as Zerodha

2013: Build 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 lac active clients.

2017: Launched Coin a mutual-fund investing Platform

2019: Became India’s largest stockbroker

2019: Crossed 10 lac, active clients.

2020: Become 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 start-ups. 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 investment in various industries shows his business acumen and support for the new founders.



Did You Know?

Nithin is a huge football fan, and he proudly owns a football jersey signed by the legendary player Lionel Messi, which he acquired at an auction.



Nithin Kamath transformed how people buy and sell stocks, making it easier, cheaper, and faster for regular investors. Starting young, working hard, believing in his ideas, and being open to learning, he sets a great example for every entrepreneur. His journey shows that with hard work and a clear vision, success is bound to come.


Frequently Asked Questions


After facing setbacks and working as a Senior Telesales Executive, Nithin ventured into brokerage by becoming a sub-broker for Reliance Money. In 2010, he founded Zerodha along with his brother Nikhil, revolutionizing the brokerage industry in India.


Nithin actively invests in startups, supporting innovative ideas and budding entrepreneurs. His strategic investments demonstrate his business acumen and commitment to fostering new talent.


Nithin's introduction of discount broking and innovative trading technologies transformed Zerodha into one of India's largest stockbroker firms. His disruptive pricing models and in-house technology have made trading easier and more accessible for investors.

  • Nithin Kamath's net worth is $2.7 billion, and he has invested in various startups, showcasing his support for new founders and innovative business ideas.




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