Nikhil KamathCo-Founder Zerodha and True Beacon
Nikhil started equity trading at the age of 17, having dropped out of school two years earlier to play chess for India. He largely focused on the emerging derivatives and commodity sectors. He co-founded Kamath Associates at the age of 19 to manage High Net Worth Individual portfolios in the public market space, before going on to co-found Zerodha with his brother Nithin in 2010, at the age of 23. Zerodha aimed to revolutionize the financial markets by adopting a transparent, ultra low cost, tech-driven strategy to engage the largely untapped consumer market in India.
Zerodha today has grown to over a million active users, facilitating over 3 million orders daily, which accounts for about 15% of the daily equity volume in India, with a daily turnover of over $10 billion. Zerodha has been consistently doubling its customer base each year, and is now the largest stockbroker in India. Today the company has a valuation of over $1 billion, has been entirely self-funded, and has never accepted any external investment. Zerodha’s headquarters are located in Bangalore, India - Asia’s IT hub. The company employees over 1500 staff in a variety of roles in tech, development, support and sales across 40 cities in India. Through its incubator and VC fund, Rainmatter, Zerodha aggressively invests in companies to drive innovation aimed at bringing financial inclusion to a highly under-penetrated market that is growing exponentially.
Nikhil’s passion for analytics and financial markets stems from his unorthodox childhood. His focus has been to generate superior results for the proprietary fund, which over the past decade has significantly outperformed asset management companies in India. EY audited returns showcase the fund's stellar 5-year performance, achieving an average of 81% returns YoY.
In September 2019, Nikhil Co-Founded True Beacon to bring his fund management experience to a global group of Ultra High Net Worth strategic investors. True Beacon aims to disrupt the market by adopting a zero-fee model, with performance rewards on fund gains.