Nikhil Kamath

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Nikhil Kamath
Born	September 5, 1986 Bangalore, Karnataka
Nationality	Indian
Occupation(s)	Entrepreneur and YouTuber
Organization(s)	Zerodha, True Beacon and Gruhas
Website	https://zerodha.com/

Nikhil Kamath (born September 5, 1986, in Udupi, Karnataka) is an Indian entrepreneur. He is the co-founder of Zerodha, a retail stockbroker, and True Beacon, an asset management company.^[1][2][3] Kamath is a part of the 2023 Forbes billionaires list.^[4][5]

Early life and education[edit]

Kamath was born on September 5, 1986, in Udupi, Karnataka, India. Kamath dropped out of school after 10th grade and he has no formal degree.^[1][6][7][8]

Career[edit]

Kamath started his career with a job at a call center while also engaging in equity trading on the side.^[9][10][11] In 2006, Kamath became a sub-broker and started his brokerage firm with his brother Nithin Kamath titled Kamath & Associates to manage high-net-worth individual portfolios in the public markets.^[1]

In 2010, Kamath co-founded Zerodha along with his brother Nithin Kamath.^[12][13] Zerodha provides brokerage services for dealing in stocks, currencies, and commodities.^[14][15] Kamath introduced a discount brokerage model with Zerodha which reduces the commission charged for transactions, enabling the masses to invest.^[16][17]

Kamath also co-founded True Beacon In 2020, an asset management company that helps ultra-high-net individuals invest in the Indian markets via privately pooled investment vehicles.^{[18][3][19][20]}

In 2021, Kamath co-founded Gruhas, a real estate investments and prop tech company, along with Abhijeet Pai. Gruhas invests in incubators, startups, and special situations through its proptech-focused fund.^[21][22]

In June 2023, He committed to donating 50% of his wealth to charitable causes like climate change, education, and health care by signing The Giving Pledge.^[23]

Chess.com charity match[edit]

In June 2021, Kamath participated in an online charity chess match against five-time world chess champion, Viswanathan Anand to raise funds for those suffering due to the coronavirus pandemic.^[24][25][26] During the event, Kamath cheated against Anand by using the assistance of chess analysts and engines. Kamath later apologized, calling his behavior 'quite silly'.^[27][28][29] Following the match, Chess.com, the virtual platform that was used to play the charity game, decided to ban his account.^[30] However, Chess.com restored his account within 24 hours with the statement - "Chess.com has no reason to uphold anything given its rules and guidelines toward unrated games and exhibition events".^[31]

References[edit]

External links[edit]

• Profile at Forbes