Nithin Kamath

Net worth over time

Biography

• Nithin Kamath cofounded discount brokerage Zerodha in 2010 with his brother Nikhil Kamath. It went on to disrupt the brokerage market in India.
• The Bangalore-based Zerodha, has more than seven million clients, making it one of the largest brokerage firms in the country.
• Their venture capital fund and incubator, called Rainmatter, invests in fintech companies and ventures that promote financial inclusion.
• Their investment management firm True Beacon is aimed at ultra-high net worth investors and operates on a zero-fee model.
• Zerodha's business took a hit when the stock exchange's regulator tightened rules in November 2024 for futures and options traders, who are its main customers.
• Zerodha combines the word 'zero' with the Sanskrit word 'rodha', which means barrier.
• Kamath disclosed on social media that he had a mild stroke in January 2024 due to multiple reasons, including over-exercising, exhaustion and his father's death.