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{{Short description|Indian businessman}}


{{Article for deletion/dated|page=Nikhil Kamath|timestamp=20230802183744|year=2023|month=August|day=2|substed=yes|help=off}}


{{Undisclosed paid|date=July 2023}}
{{DISPLAYTITLE:Nikhil Kamath}}
{{Infobox person
| name = Nikhil Kamath
| image =
| birth_date = September 5, 1986
| birth_place = Bangalore, Karnataka
| nationality = Indian
| occupation = Co-founder and CIO
| organization = Zerodha, True Beacon and Gruhas
| relatives = Nithin Kamath, Brother
}}
'''Nikhil Kamath''' (born September 5, 1986) is an [[Indian Entrepreneur|Indian entrepreneur]]. He is the co-founder of Zerodha, a retail stockbroker and True Beacon, an asset management company.<ref name="aljazeera_2021-09-31">{{Cite web |last=Bahree |first=Megha |title=From dropout to fintech disruptor: Zerodha's Nikhil Kamath |url=https://www.aljazeera.com/economy/2021/9/13/from-dropout-to-fintech-disruptor-zerodhas-nikhil-kamath |access-date=2023-05-30 |website=www.aljazeera.com |language=en}}</ref><ref>{{Cite web |date=2022-12-26 |title=Nikhil Kamath's True Beacon doubles down on its PMS product |url=https://www.thehindubusinessline.com/companies/nikhil-kamaths-true-beacon-doubles-down-on-its-pms-product/article66307128.ece |access-date=2023-05-30 |website=www.thehindubusinessline.com |language=en}}</ref><ref name="zerodhas-nikhil-kamath-backed">{{Cite web |date=2022-06-15 |title=Zerodha's Nikhil Kamath-backed True Beacon looks at disrupting UHNI wealth management arena |url=https://www.businesstoday.in/latest/corporate/story/zerodhas-nikhil-kamath-backed-true-beacon-looks-at-disrupting-uhni-wealth-management-arena-337679-2022-06-15 |access-date=2023-05-30 |website=Business Today |language=en}}</ref> Kamath is the part of Forbes billionaires list 2023 with a net worth of $1.1 billion and was ranked at 2405.<ref>{{Cite web |title=Zerodha Founders Nithin And Nikhil Kamath Are New Entrants In Forbes Billionaires List 2023 |url=https://www.ndtv.com/india-news/zerodha-founders-nithin-and-nikhil-kamath-are-new-entrants-in-forbes-billionaires-list-2023-3924809 |access-date=2023-07-24 |website=NDTV.com}}</ref><ref>{{Cite web |title=Nikhil Kamath |url=https://www.forbes.com/profile/nikhil-kamath/ |access-date=2023-07-24 |website=Forbes |language=en}}</ref> He recently became the youngest Indian signatory to [[The Giving Pledge]], an initiative founded by [[Warren Buffett]], [[Bill Gates]], and [[Melinda French Gates]]. He committed to donating 50% of his wealth to charitable causes.<ref name=":0" /> Kamath was also recently invited to State Dinner hosted by US President [[Joe Biden]] for Indian Prime Minister [[Narendra Modi]] in the [[White House]].<ref>{{Cite news |date=2023-06-23 |title=PM Modi’s US State Dinner: Sundar Pichai, Anand Mahindra, Indra Nooyi, Nikhil Kamath among guests; US President Joe Biden cracks joke about alcohol-free menu |work=The Economic Times |url=https://economictimes.indiatimes.com/magazines/panache/pm-modis-us-state-dinner-sunder-pichai-anand-mahindra-indra-nooyi-nikhil-kamath-among-guests-us-president-joe-biden-cracks-joke-about-alcohol-free-menu/articleshow/101205082.cms |access-date=2023-07-24 |issn=0013-0389}}</ref><ref>{{Cite web |last=House |first=The White |date=2023-06-22 |title=White House Releases State Dinner Guest List |url=https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/22/white-house-releases-state-dinner-guest-list-2/ |access-date=2023-07-24 |website=The White House |language=en-US}}</ref><ref>{{Cite news |date=2023-06-22 |title=The Full Guest List for Biden’s State Dinner With Modi |language=en |url=https://www.nytimes.com/2023/06/22/us/politics/state-dinner-guest-list.html |access-date=2023-08-04}}</ref>

== Early life and education ==
Kamath was born on September 5, 1986, in [[Karnataka]], [[India]]. Kamath dropped out of school after grade 10th and he has no formal degree.<ref name="aljazeera_2021-09-31"/><ref>{{Cite web |title=How This School Dropout Became India's Youngest Billionaire |url=https://www.ndtv.com/offbeat/nikhil-kamath-the-school-dropout-who-became-the-billionaire-co-founder-of-zerodha-2409912 |access-date=2023-05-30 |website=NDTV.com}}</ref><ref>{{Cite web |date=2023-04-26 |title=Nikhil Kamath Journey: All about Zerodha founder's inspiring journey |url=https://www.firstpost.com/india/from-call-centre-job-to-indias-youngest-billionaire-nikhil-kamaths-inspiring-journey-12509562.html |access-date=2023-06-12 |website=Firstpost |language=en}}</ref><ref>{{Cite web |last=Schultz |first=Abby |title=Young Billionaire Nikhil Kamath Is Giving Away His Money. Here’s Why. |url=https://www.barrons.com/articles/young-billionaire-nikhil-kamath-is-giving-away-his-money-heres-why-2bfb411 |access-date=2023-08-04 |website=www.barrons.com |language=en-US}}</ref>

== Career ==

=== Early days ===
Kamath started his career with a job at a call center while also engaging in equity trading on the side.<ref>{{Cite web |date=2021-07-20 |title=Who is India's youngest billionaire? How did he make it from zero to 'Zerodha' |url=https://sg.finance.yahoo.com/news/who-is-indias-youngest-billionaire-how-did-he-make-it-from-zero-to-zerodha-060020313.html |access-date=2023-05-30 |website=Yahoo Finance |language=en-SG}}</ref><ref>{{Cite web |date=2022-09-07 |title=How billionaire Nikhil Kamath's journey started with a Rs 8,000 a month call centre job |url=https://www.moneycontrol.com/news/trends/zerodha-co-founder-nikhil-kamaths-journey-from-earning-rs-8000-a-month-to-being-a-billionaire-9144611.html |access-date=2023-05-30 |website=Moneycontrol |language=en}}</ref><ref>{{Cite web |last=Cruze |first=Danny Cyril D. |date=2021-04-10 |title=From salary of ₹8,000 to a billionaire: Zerodha founder shares his story |url=https://www.livemint.com/news/india/from-a-salary-of-rs-8-000-to-becoming-a-billionaire-zerodha-founder-nikhil-kamath-shares-his-story-11618036024556.html |access-date=2023-05-30 |website=mint |language=en}}</ref>

In 2006, Kamath became a sub-broker and started his own brokerage firm with his brother Nithin Kamath titled Kamath & Associates to manage high net worth individual portfolios in the public markets.<ref name="aljazeera_2021-09-31"/>

=== Zerodha ===
In 2010, Kamath co-founded Zerodha along with his brother Nithin Kamath.<ref>{{Cite web |date=2022-12-22 |title=Zerodha founder Nikhil Kamath on becoming a self-made billionaire |url=https://www.scmp.com/magazines/style/celebrity/article/3204089/zerodhas-nikhil-kamath-becoming-self-made-billionaire-meet-chess-nerd-who-co-founded-indias-largest |access-date=2023-05-30 |website=South China Morning Post |language=en}}</ref><ref>{{Cite web |date=2022-09-09 |title=The billionaire brokers - Kamath brothers of Zerodha |url=https://www.thehindubusinessline.com/blchangemakers/the-billionaire-brokers/article65865885.ece |access-date=2023-05-30 |website=www.thehindubusinessline.com |language=en}}</ref><ref>{{Cite news |date=2021-01-14 |title=A Watch Collection Focused on Memories and Moments (Published 2021) |language=en |url=https://www.nytimes.com/2021/01/14/fashion/watches-collector-nikhil-kamath-india.html |access-date=2023-08-04}}</ref><ref>{{Citation |title=Goldman Sachs Loses Another Top Executive |date=2023-08-01 |url=https://www.bloomberg.com/news/videos/2023-08-01/goldman-sachs-loses-another-top-executive-video |access-date=2023-08-04 |language=en}}</ref> Zerodha provides brokerage services for dealing in stocks, currencies and commodities.<ref>{{Cite news |date=2019-05-08 |title=Burned-Out Broker Got Rich Giving Free Trades to Millennials |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2019-05-08/burned-out-broker-gets-rich-helping-millennials-trade-for-free |access-date=2023-05-30}}</ref><ref>{{Cite web |title=Nithin And Nikhil Kamath: Code Zero |url=https://www.forbesindia.com/article/tycoons-of-tomorrow/nithin-and-nikhil-kamath-code-zero/51347/1 |access-date=2023-05-30 |website=Forbes India |language=en}}</ref> Kamath introduced a discount brokerage model with Zerodha which reduces the commission charged for transactions, enabling the masses to invest.<ref>{{Cite web |date=2021-05-31 |title=Nikhil Kamath: ‘Bust in private equity space imminent… Everybody’s valuation is inflated, even ours’ |url=https://indianexpress.com/article/india/nikhil-kamath-bust-in-private-equity-space-imminent-everybodys-valuation-is-inflated-even-ours-7337161/ |access-date=2023-08-04 |website=The Indian Express |language=en}}</ref><ref>{{Cite web |title=The Curious Case Study Of Zerodha's Blue Ocean Strategy |url=https://www.forbesindia.com/article/bharatiya-vidya-bhavan039s-spjimr/the-curious-case-study-of-zerodhas-blue-ocean-strategy/77457/1 |access-date=2023-07-24 |website=Forbes India |language=en}}</ref> In 2019, Zerodha became the largest stockbroker in India.<ref>{{Cite web |date=2023-04-19 |title='Thanks to...': Nithin Kamath shares key reasons behind success of Zerodha |url=https://www.businesstoday.in/latest/story/thanks-to-nithin-kamath-shares-key-reasons-behind-success-of-zerodha-378085-2023-04-19 |access-date=2023-05-30 |website=Business Today |language=en}}</ref> Currently, Zerodha has 10 million clients.<ref>{{Cite web |title=The Curious Case Study Of Zerodha's Blue Ocean Strategy |url=https://www.forbesindia.com/article/bharatiya-vidya-bhavan039s-spjimr/the-curious-case-study-of-zerodhas-blue-ocean-strategy/77457/1 |access-date=2023-05-30 |website=Forbes India |language=en}}</ref><ref>{{Cite web |title=Nikhil Kamath |url=https://www.forbes.com/profile/nikhil-kamath/ |access-date=2023-05-30 |website=Forbes |language=en}}</ref><ref>{{Cite web |date=2023-02-02 |title=How Zerodha Went from Zero to Hero |url=https://www.fortuneindia.com/long-reads/how-zerodha-went-from-zero-tohero/111627 |access-date=2023-05-30 |website=www.fortuneindia.com |language=en}}</ref>

=== True Beacon ===
Kamath also co-founded True Beacon In 2020, an asset management company which helps ultra-high net worth individuals invest in the Indian markets via privately-pooled investment vehicles.<ref>{{Cite web |last=Jain |first=Aashika |date=2021-10-01 |title=In The Hot Seat With Forbes Advisor India: Nikhil Kamath |url=https://www.forbes.com/advisor/in/personal-finance/in-conversation-with-nikhil-kamath/ |access-date=2023-07-24 |website=Forbes Advisor INDIA |language=en-GB}}</ref><ref name="zerodhas-nikhil-kamath-backed"/><ref>{{Cite web |last=Borate |first=Neil |date=2022-09-14 |title=Nikhil Kamath's True Beacon starts quant-driven PMS |url=https://www.livemint.com/money/personal-finance/nikhil-kamath-s-true-beacon-starts-quant-driven-pms-11663177535609.html |access-date=2023-05-30 |website=mint |language=en}}</ref><ref>{{Cite news |date=2020-02-20 |title=Zerodha applies for mutual fund license |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/zerodha-applies-for-mutual-fund-license/articleshow/74223016.cms |access-date=2023-07-24 |issn=0013-0389}}</ref>

=== Gruhas ===
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.<ref>{{Cite news |date=2021-12-21 |title=Nikhil Kamath-backed Gruhas Proptech to launch $150 mn proptech focussed fund |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/nikhil-kamath-backed-gruhas-proptech-to-launch-150-mn-proptech-focussed-fund/articleshow/88406842.cms?from=mdr |access-date=2023-07-16 |issn=0013-0389}}</ref><ref>{{Cite web |date=2021-12-22 |title=Nikhil Kamath-backed Gruhas Proptech plans to roll out $150 mn fund |url=https://www.businesstoday.in/latest/corporate/story/nikhil-kamath-backed-gruhas-proptech-plans-to-roll-out-150-mn-fund-316440-2021-12-22 |access-date=2023-07-16 |website=Business Today |language=en}}</ref>

== Philanthropy ==

In June 2023, Kamath became the youngest Indian signatory to [[The Giving Pledge]], an initiative founded by [[Warren Buffett]], [[Bill Gates]], and [[Melinda French Gates]].<ref name=":0">{{Cite news |date=2023-06-07 |title=Nikhil Kamath youngest Indian to sign Giving Pledge |work=The Times of India |url=https://timesofindia.indiatimes.com/city/bengaluru/nikhil-kamath-youngest-indian-to-sign-giving-pledge/articleshow/100807375.cms?from=mdr |access-date=2023-07-07 |issn=0971-8257}}</ref> He committed to donating 50% of his wealth to charitable causes, including climate change, education, and health care.<ref>{{Cite news |date=2023-06-08 |title=Zerodha's Nikhil Kamath to donate 50% of his wealth |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/technology/zerodhas-nikhil-kamath-to-donate-50-of-his-wealth/articleshow/100801352.cms?from=mdr |access-date=2023-07-07 |issn=0013-0389}}</ref> The other Indians who have signed the Pledge in the past include [[Rohini Nilekani|Rohini]] and [[Nandan Nilekani]], founder of Rohini Nilekani Philanthropies and co-founder of [[Infosys]], respectively; [[Azim Premji]], chairperson of [[Wipro]]; [[Kiran Mazumdar-Shaw]], CMD, [[Biocon]]; [[Anil Agarwal (industrialist)|Anil Agarwal]], founder and chairman, [[Vedanta Limited|Vedanta]].<ref>{{Cite web |title=Zerodha Co-founder Nikhil Kamath Signs Giving Pledge, Commits To Donate 50% Of His Wealth |url=https://www.forbesindia.com/article/news/zerodha-cofounder-nikhil-kamath-signs-giving-pledge-commits-to-donate-50-of-his-wealth/85445/1 |access-date=2023-07-07 |website=Forbes India |language=en}}</ref><ref>{{Cite web |date=2023-06-22 |title=‘If you make giving money away cool, a lot more will change in society’ says Zerodha co-founder Nikhil Kamath |url=https://www.financialexpress.com/education-2/if-you-make-giving-money-away-cool-a-lot-more-will-change-in-society-says-zerodha-co-founder-nikhil-kamath/3137878/ |access-date=2023-07-24 |website=Financialexpress |language=en}}</ref><ref>{{Cite news |date=2023-03-16 |title=Nikhil Kamath reveals Bill Gates keeps visiting Bengaluru but 'discreetly'; backs Mark Zuckerberg, says he wouldn't write him off yet |work=The Economic Times |url=https://economictimes.indiatimes.com/magazines/panache/nikhil-kamath-reveals-bill-gates-keeps-visiting-bangalore-but-discreetly-backs-mark-zuckerberg-says-he-wouldnt-write-him-off-yet/articleshow/98684853.cms?from=mdr |access-date=2023-07-24 |issn=0013-0389}}</ref><ref>{{Cite web |date=2023-06-06 |title=Nikhil Kamath signs Gates-Buffet founded Giving Pledge, to donate 50% of wealth |url=https://www.livemint.com/companies/people/zerodha-co-founder-nikhil-kamath-to-donate-50-of-wealth-to-bill-gates-warren-buffet-founded-the-giving-pledge-11686052523908.html |access-date=2023-07-24 |website=mint |language=en}}</ref>

== Controversies ==

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.<ref>{{Cite news |date=2021-06-14 |title=Chess fundraiser {{!}} Nikhil Kamath admits using computer in his win against Viswanathan Anand |language=en-IN |work=The Hindu |url=https://www.thehindu.com/sport/other-sports/chess-fundraiser-nikhil-kamath-admits-using-computer-in-his-win-against-viswanathan-anand/article34812045.ece |access-date=2023-07-04 |issn=0971-751X}}</ref><ref>{{Cite web |last=Zafft |first=Robert |title=Liar’s Chess: Exposing India’s Slumdog Billionaire |url=https://www.forbes.com/sites/robertzafft/2021/06/14/liars-chess-unraveling-the-legend-of-indias-youngest-billionaire/ |access-date=2023-07-24 |website=Forbes |language=en}}</ref><ref>{{Citation |title=Chess Cheating: Vishy Anand, Nikhil Kamath |url=https://www.youtube.com/watch?v=cDwa-UJRuYQ |access-date=2023-07-24 |language=en}}</ref> During the event, Kamath had taken the help of chess analysts and computers to get the better of Anand. Kamath later apologised for his misdemeanour.<ref>{{Cite web |date=2021-06-15 |title=‘Apologies’: Indian billionaire says he cheated to beat chess champion |url=https://www.scmp.com/news/asia/south-asia/article/3137370/indian-billionaire-says-he-cheated-beat-chess-champion |access-date=2023-08-04 |website=South China Morning Post |language=en}}</ref><ref>{{Cite news |date=2021-06-15 |title=Billionaire Nikhil Kamath apologises for taking help from 'people analysing the game, computers' to win charity chess match opposite Vishy |work=The Economic Times |url=https://economictimes.indiatimes.com/magazines/panache/billionaire-nikhil-kamath-apologises-for-taking-help-from-people-analysing-the-game-computers-to-win-charity-chess-match-opposite-vishy/articleshow/83508888.cms?from=mdr |access-date=2023-07-04 |issn=0013-0389}}</ref><ref>{{Cite web |date=2021-06-15 |title=Time to move on: Vishwanathan Anand on Nikhil Kamath’s cheating in online chess |url=https://indianexpress.com/article/sports/chess/time-to-move-on-vishwanathan-anand-on-nikhil-kamaths-cheating-in-online-chess-7360714/ |access-date=2023-08-04 |website=The Indian Express |language=en}}</ref> Following the match, [[Chess.com]], the virtual platform that was used to play the charity game, decided to ban his account.<ref>{{Cite web |date=2021-06-15 |title=Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess |url=https://indianexpress.com/article/sports/chess/time-to-move-on-vishwanathan-anand-on-nikhil-kamaths-cheating-in-online-chess-7360714/ |access-date=2023-07-04 |website=The Indian Express |language=en}}</ref>

== References ==
<references />

== External links ==
* [https://www.forbes.com/profile/nikhil-kamath/?sh=10d55b422831 Profile] at [[Forbes]]

{{DEFAULTSORT:Kamath, Nikhil}}
[[Category:Living people]]
[[Category:1986 births]]
[[Category:Indian businesspeople]]
[[Category:Indian billionaires]]
[[Category:Indian technology company founders]]
[[Category:Indian technology businesspeople]]
[[Category:Indian company founders]]
[[Category:People from Karnataka]]

Nikhil Kamath - Revision history

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