About Nikhil Kamath
Nikhil Kamath is an Indian entrepreneur, businessman, and investor. He is very famous for being the co-founder of the financial services company ‘Zerodha’. When he was in school, he had the least interest in studies as he did not understand the practicality of the subjects, and the only subject he liked was mathematics. At the age of 14, he started selling old phones, but his mother asked him to stop this business. When he was 17 years old, he started working in a call center for a salary of Rs 100. and 8000.
According to some sources, he was also presented with a fake birth certificate as the minimum age requirement for the job was 18 years. He used to work in the call center from 4 pm to 1 am and used to work as a stock trader in the morning. This was the time when he left his parent’s house and started living with his girlfriend. Even during an interview, he talked about leaving his parent’s house, he said that,
I have learned a lot; When you step away from the family ecosystem and the judgment of relatives, you get to the real thing.
Soon, he learned the skill of stock trading and started managing his father’s savings. And then he convinced his manager at the call center to allow him to manage his money and in return, his manager had given him additional incentives. In 2004 too, he quit his call center job and started Kamath Associates, a stock trading firm with his brother. About four years later, the brothers started ‘Zerodha’, a business platform made up of two words ‘Zero’ and ‘Rodha’ (Rodha is a Sanskrit word meaning obstacle).
In 2014, Nikhil and his brother started a hedge fund ‘Rainmatter’ with a capital of Rs. Rs 50 crore assistance for tech start-ups. He operated with the policy that each investment he made should be less than $1 million. Some such investments are Digio, LearnApp, Finception, Smallcase, Sensibull and Quiko. The Kamath brothers launched ‘True Beacon’, an asset management company in 2019 to invest in the Alternative Investment Fund (AIF) sector. By 2020, Zerodha will set up a mutual fund based AMC.
INFORMATION
Real Name | Nikhil Kamath |
Name | Nikhil Kamath |
Nick Name | Nikhil |
Profession | Businessman, Entrepreneur and Investor |
PERSONAL LIFE
Date of Birth | 5 September 1986 |
Age (as in 2023) | 37 years |
Birth Place | Shimoga, Karnataka, India |
Home Town | Shimoga, Karnataka, India |
Nationality | Indian |
Religion | Hinduism |
Zodiac Sign | Cancer |
Food Habits | Non Vegetarian |
School | Not Known |
College & University | Not Known |
Educational Qualification | Not Known |
PHYSICAL STATS, AND MORE
Height (Approx.) | 5′ 11” Feet |
Weight (Approx.) | 70 Kg |
Figure (Approx.) | 42-15-32 |
Hair Colour | Black |
Eye Colour | Black |
AFFAIRS, AND MORE
Marital Status | Unmarried |
Girlfriend/Wife | Divorced |
FAMILY AND MORE
Father | Raghuram Kamath |
Mother | Revathi Kamath |
Brother | Nitin Kamath |
Sister | Not Known |
FAVORITE THINGS
Favorite Food | Indian Food |
Favorite Actor | Shah Rukh Khan |
Favorite Actress | Not Known |
Favorite Color | Black |
Favorite Sports | Cricket |
Favorite Singer | Not Known |
Favorite Sportsmen | Virat Kohli |
Favorite Dress | Western Dress, Jeans & shirt |
Favorite Destination | Switzerland |
HOBBIES AND MONEY FACTOR
Hobbies | Traveling |
Net Worth (Approx.) | 110 crores USD |
SOCIAL MEDIA ID
Facebook ID | Click To Follow Her |
YouTube Channel | Click To Follow Her |
Instagram ID | Click To Follow Her |
ALSO READ : AALIYAH KASHYAP AGE, NET WORTH, AFFAIRS, CAREER, BOYFRIEND, FAMILY, BIOGRAPHY AND MORE
UNKNOWN FACTS ABOUT NIKHIL KAMATH
- Does Nitin Kamath drink alcohol? Yes
- Does Nitin Kamath smoke? Yes
- Nikhil Kamath is a Bangalore-based entrepreneur, best known for co-founding Zerodha, an Indian institutional brokerage firm and trading platform.
- Nikhil had to travel a lot during his childhood due to his father’s banking job. At the age of nine, he moved to Bangalore and settled there with his family.
- According to him, he hated his time in school as he was never able to understand the practicalities of the educational system. And the only subject he was good at was maths.
- Nikhil always had a business mind and was not interested in studies. His first business model was selling used phones which he started at the age of 14. He had to call it off because of his mother’s intervention. Reportedly, his mother threw his phones away because he thought he was too young for the business.
- At the age of 17, Nikhil started getting a job in a call center at a salary of Rs 8,000 only after leaving his studies. Reportedly, he was presented with a ballot birth certificate as the age for that job was 18.
- Kamath started a trading company in association with his elder brother Kamath Associates, after leaving the job in 2004 which also served as a part-time stockbroker.
- Also in 2010, Kamath Artist launched the platform Zerodha Platform which is a combination of two words ‘Zero’ and ‘Rodha’ (Rodha is a Sanskrit word for obstacle).
- Zerodha had become India’s largest platform even during COVID-19 with its user base growing by 100% every month. The biggest selling point of Zerodha is its nominal price of Rs. 20 is charged for each intraday trade, and can be of any size.
- By 2021, Zerodha is projected to facilitate over 5 million orders per day (worth over $1 billion), which is also around 15% of India’s daily place volume.
- Nikhil and his brother also amassed a net worth of Rs 50 crore with the founding of hedge fan Rainmatter in 2014. The purpose of the hedge fund was to finance technology startups. He made a policy that every investment he made had to be less than $1 million. Some of the investments that have paid off include Digio, Larnapp, Finception, Smallcase, Sensibull and Quiko.
- In 2019 also Zerodha team started another associate management company called True Beacon. The company focuses on investments in the field of alternative investment funds (databases). A $2 million French fund made a 40% return in its previous year investing in volatile apartments.
- Zerodha also plans to launch a reputed fund-based AMC and has applied for a license for the same in 2020.
FAQS – (FREQUENTLY ASKED QUESTIONS)
Q1. Who is Nikhil Kamath?
Ans : Nikhil Kamath is an Indian entrepreneur, businessman, and investor. He is very famous for being the co-founder of the financial services company ‘Zerodha’.
Q2. What is the birth place of Nikhil Kamath?
Ans : Birth place of Nikhil Kamath is 5 September 1986.
Q3. What is Nikhil’s total net worth as well?
Ans : His net worth is 110 crores USD.
Q4. What is the age of Nikhil Kamath?
Ans : Nikhil Kamath’s age is 37 years.