Zerodha’s Nikhil Kamath is youngest billionaire in India at 37

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Published October 15, 2023 at 4:24pm

    Nikhil, with his elder brother Nithin Kamath holds the 40th spot

    Zerodha brothers combined net worth at Rs 45,754.5 crore

    Zerodha's revenue stood at Rs 6,875 crore with profit after tax of Rs 2,907 crore

Nikhil Kamath, one of the founders of Zerodha, has secured the title of the youngest billionaire in India at the age of 37, as declared by Forbes’ roster of the nation’s top 100 wealthiest individuals.

Nikhil, alongside his elder brother Nithin Kamath, 44, holds the 40th spot on the list with a combined net worth of Rs 45,754.5 crore.

In 2010, the Kamath brothers established the brokerage firm Zerodha, which revolutionized the trading landscape by introducing zero-cost equity investing.

During the fiscal year 2023, Zerodha recorded a total revenue of Rs 6,875 crore and a profit after tax of Rs 2,907 crore, showcasing a significant leap from the preceding year’s revenue of Rs 4,964 crore and a profit after tax of Rs 2,000 crore.

Apart from his involvement with Zerodha, Nikhil also played a key role in co-founding True Beacon and Gruhas.

Recently, he unveiled the concept of the WTF Fund on October 11 through his LinkedIn profile. This initiative aims to support emerging entrepreneurs in the fashion, beauty, and home brand sectors.

Notably, esteemed personalities such as Kishore Biyani (the founder of Future Group), Ananth Narayanan (the founder of Mensa Brands), and Raj Shamani (content creator and host of the Figuring Out podcast) will be collaborating with the co-founder of Zerodha in this endeavour.

Zerodha’s Nikhil Kamath is youngest billionaire in India at 37

https://newsfirstprime.com/wp-content/uploads/2023/10/Zerodha-Nithin-Kamath-New-Image.jpg

    Nikhil, with his elder brother Nithin Kamath holds the 40th spot

    Zerodha brothers combined net worth at Rs 45,754.5 crore

    Zerodha's revenue stood at Rs 6,875 crore with profit after tax of Rs 2,907 crore

Nikhil Kamath, one of the founders of Zerodha, has secured the title of the youngest billionaire in India at the age of 37, as declared by Forbes’ roster of the nation’s top 100 wealthiest individuals.

Nikhil, alongside his elder brother Nithin Kamath, 44, holds the 40th spot on the list with a combined net worth of Rs 45,754.5 crore.

In 2010, the Kamath brothers established the brokerage firm Zerodha, which revolutionized the trading landscape by introducing zero-cost equity investing.

During the fiscal year 2023, Zerodha recorded a total revenue of Rs 6,875 crore and a profit after tax of Rs 2,907 crore, showcasing a significant leap from the preceding year’s revenue of Rs 4,964 crore and a profit after tax of Rs 2,000 crore.

Apart from his involvement with Zerodha, Nikhil also played a key role in co-founding True Beacon and Gruhas.

Recently, he unveiled the concept of the WTF Fund on October 11 through his LinkedIn profile. This initiative aims to support emerging entrepreneurs in the fashion, beauty, and home brand sectors.

Notably, esteemed personalities such as Kishore Biyani (the founder of Future Group), Ananth Narayanan (the founder of Mensa Brands), and Raj Shamani (content creator and host of the Figuring Out podcast) will be collaborating with the co-founder of Zerodha in this endeavour.

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