Hello there! We’re excited to share some inspiring news with you about Nikhil Kamath, the co-founder of Zerodha. Forbes recently unveiled its list of the 100 wealthiest Indians around the world, and we’re thrilled to tell you that Nikhil Kamath has made it to this prestigious list as India’s youngest billionaire, ranking 40th alongside notable figures like Mukesh Ambani, Gautam Adani, and Shiv Nadar. At just 37 years old, Nikhil Kamath has achieved the remarkable title of India’s youngest billionaire.
According to Forbes, Nikhil Kamath and Nithin Kamath, the co-founders of Zerodha, have a combined net worth of USD 5.5 billion, which is equivalent to over Rs 45,700 crore in Indian currency. Moreover, Zerodha’s total market capitalization surpasses Rs 30,000 crore.
Nikhil Kamath’s journey to success is nothing short of extraordinary. He faced his fair share of challenges, starting with his decision to leave formal education due to a sense of unfulfillment within the conventional academic curriculum.
His entrepreneurial spirit ignited at the age of 14 when he began selling mobile phones to create a passive income. However, he encountered obstacles, including his mother’s disapproval, which led to the phones being disposed of. Struggles with academic performance even led to him being denied the opportunity to take the Class 10th exams, ultimately resulting in his decision to abandon formal education.
Following this, Nikhil started his career at a call center, earning a modest income of Rs 8000 per month. In 2010, he envisioned Zerodha, a company focused on providing cost-effective services. In just three years of operation, the company reported a substantial net profit exceeding Rs 2000 crore.
Today, both Nikhil Kamath and Nithin Kamath enjoy a generous salary package of Rs 100 crore each. Their brainchild, Zerodha, boasts a user base of over 1 crore individuals. What sets them apart is their unique approach to hiring; they steer clear of recruiting individuals from prestigious institutions like IIT and IIM, believing that such backgrounds may not always align with the best interests of their company.
We hope you find Nikhil Kamath’s journey as inspiring as we do. If you have any questions or would like to know more, feel free to reach out to us. We’re here to help!