Daijiworld Media Network – Mumbai (MS)
Mumbai, Oct 24: The company which Nikhil Kamath and Nitin Kamath have built has booked a profit of more than Rs 2000 crore.
Kamath is originally from Karnataka. They started Zerodha, a fintech company in 2010. They needed funds to build the company. However, with their talent and hard work they made up for the lack of education.
Nikhil Kamath was topper in the Hurun India Rich List of 2022. His net profit was Rs 17,500 crore at that time. He became a billionaire when he was just 34 in 2021.
Nikhil did not like to go to school when he was young. He dropped out of school as he was not allowed to take 10th grade board exams.
At the age of 17, Nikhil joined a call centre for just Rs 8,000 salary. But he began to deal in shares at the age of 18. This was a major turning point in his life.
In 2010, Nikhil along with his brother Nitin founded Zerodha, a company, which gave support, cost and technical support to businessmen and investors. They also founded a Hedge fund called True Bekan.
The company made a profit of Rs 2094 crore. The company does not have any employees that are qualified from IIT or IIM. It has one crore users.
Now Nitin and Nikhil have a salary package of Rs 100 crore each. Nikil is ranked 40th in the list of richest people of India. According to Forbes, the net value of Kamath brothers is USD 5.5 billion at present.
Comment on this article
Wilfred J Lewis, Matpady-Brahmavar/ New York, USA
Wed, Oct 25 2023Amazing intellectual achievements, Keep it going...
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Vishwa, Mangalore\USA
Wed, Oct 25 2023These two boys' parents and family are from Mangalore. Jai Kudla boys!
DisAgree [1] Agree [4] Reply Report Abuse
Aftab, Mangalore
Tue, Oct 24 2023Congratulations nikhil
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Don, Mangalore
Tue, Oct 24 2023CONGRATULATION and best wishes to the Kamath brothers, may you be a source of inspiration to all.
DisAgree [1] Agree [10] Reply Report Abuse
Clara, Mangalore
Tue, Oct 24 2023Congratulations Nikhil
DisAgree [1] Agree [16] Reply Report Abuse
Flavian, Mangalore/Kuwait
Tue, Oct 24 2023How can someone work hard and allowed to become rich? Consult with Adani group !
DisAgree [33] Agree [10] Reply Report Abuse
Flavian, Mangalore/Kuwait
Tue, Oct 24 2023To become richer and live a comfortable life, try your luck to go to Gulf countries. Save from your hard-earned money and also, look after your family's welfare and when time approaches anyone feels secured with earned savings, can return to home country and relax! I do not think anyone has regretted being in the Gulf country on job and saved nothing. there are some exceptional cases where, guys waste on alcohol and unwanted carefree life. only my suggestions.
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Flavian, Mangalore/Kuwait
Tue, Oct 24 2023To become richer and live a comfortable life, try your luck to go to Gulf countries. Save from your hard-earned money and also, look after your family's welfare and when time approaches anyone feels secured with earned savings, can return to home country and relax! I do not think anyone has regretted being in the Gulf country on job and saved nothing. there are some exceptional cases where, guys waste on alcohol and unwanted carefree life. only my suggestions.
DisAgree [20] Agree [13] Reply Report Abuse
Anil, Riyadh
Tue, Oct 24 2023How do you define POOR? Is it someone who can’t feed his family daily? I think in today’s India it’s difficult, difficult to become rich but very difficult to die of hunger.. do you know anyone personally who died of hunger?
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Rita, Germany
Wed, Oct 25 2023Anil Riyadh ,one can earn and work hard to earn money to feed his family.But one should know too to keep this money.I personally know one family .Father came from gulf with lots of money and gold.He had a young family.We were in utter poverty.Used to go them to work .But couple used to give out money to relations and Parties to whole family.They took chance to empty the house because couple used to drink and dance without knowing how much is there.Never secured their money.Last lost house land .Sold everything ,he died ,wife was not clever enough.Instead sending children to school .sent to work in stone querry married some one.Lately I met one girl ,saw her in a disaster.one was a bit good stage.Thats the sad side of having money.
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Shenoy, Mangalore
Tue, Oct 24 2023How can someone work hard and allowed to become rich? Modi is responsible for this problem.
DisAgree [12] Agree [26] Reply Report Abuse
Eutace, Mumbai
Wed, Oct 25 2023Udupi. Yes it's the breeding ground if financial institutions. Syndicate Canara and Vijaya. Now it's Zerodha.
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real kujuma, kodial
Tue, Oct 24 2023after 2014 billionaires have increased and the number of poor has gone sky high...what a pathetic situation...only solution to kick out the gujju duo from delhi in 2024
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Karuna, Bengaluru
Tue, Oct 24 2023With politician supporting free monthly allowance and free benifits without work, you will see more number of poor people in the days to come. Further with some communites begetting children like puppies , poverty is bound to increase. Hope this policies will not take India to the situation of Pakistan, and Sri lanka
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vikram Rao, Udupi
Tue, Oct 24 2023Why are you against successful people . .. they have a worked hard to reach success..May you are not used to
DisAgree [3] Agree [40] Reply Report Abuse
Ravi, Udyavara
Tue, Oct 24 2023@Vikram....who always blame successful are biggest LOOSERS ... and they show their frustration by barking only.
DisAgree [2] Agree [37] Reply Report Abuse
Rudolf Rodrigues, Mumbai -Mangalore
Tue, Oct 24 2023They have worked very Smart 🤓; self educated, which proves big degrees are just paper tags when you have an idea and the requisite skills to execute it!!
DisAgree [2] Agree [30] Reply Report Abuse
Rathan, Mangalore
Wed, Oct 25 2023Real kujma Hotte kichhige maddu illa
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S Dsouza, Everywhere
Wed, Oct 25 2023You are making hardworking people seem trivial. You seem to be jobless and good at instigating hate. Just because you are a failure in life Kujamma, not everybody is. People like Nikhil show that only degrees aren't options of excellent pay. He is employing people who aren't from Premium institutions, giving them a livelihood.
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Elwyn Goveas, Mangalore
Tue, Oct 24 2023Rich is becoming richer and richer.Poor becoming poor.Anyway congratulations Nikhil Kamath.Money is money.It has its own valve..
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