Tng news : Nikhil Kamath, born in 1986, comes from a middle-class family in Bangalore. Even though he was good at math and problem-solving, he didn’t like regular school. When he was 14, he started selling phones, which upset his mom. She even threw some phones in the toilet! Because of his behavior, the school didn’t let him take his 10th-grade exams. So, he left school to focus on chess and didn’t go back to study more.
He started working early, making Rs 8,000 per month at a call center. He also moved in with his girlfriend, thinking it would give him a better life perspective. He worked at the call center in the evenings and tried trading in the mornings. He used his dad’s savings to start trading and even got his colleagues to invest with him.
Nikhil started trading at 17, but he lost a lot of money during the 2001 and 2002 market crashes. He didn’t give up and later became a sub-broker at Reliance Money. Even though he faced big losses during the 2008 global financial crisis, he kept going.
In 2010, Nikhil and his brother Nithin started Zerodha, a brokerage firm that charges a small fee of Rs 20 per transaction. Zerodha became very successful, making Rs 6,875 Crore in revenue and Rs 2,907 Crore in profit after tax in FY23.
