Nithin Kamath
Overview
- Source of Wealth
- Financial services
- Industry
- Finance & Investments
- Residence
- Bangalore
- Marital Status
- Married
- Children
- 1
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.
About
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.