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Nikhil Kamath, Bombay is Known for its Popular People: “What Bengaluru has is.”

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Nikhil Kamath of Zerodha claims that while Bengaluru has attractive individuals, Bombay is known for having…

Nikhil Kamath, a co-founder of Zerodha, stated that despite certain difficulties, Bengaluru remains his favourite city. Bengaluru is home to several startups. He heaped praise on the citizens of Bengaluru. “The big, big differentiator at the end of the day– scr** all the roads, the traffic… those things don’t matter — the people of Bengaluru are second to none (because of) the love they have for the city, how nice they are as people.”

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He added that Hyderabad is famous for its Biryani, Mumbai for its “good-looking people”, Delhi for “people who have a lot of money and they know it”, and “Bengaluru is famous for nice people”.

Nikhil Kamath also said in the podcast that he finds the people in Bengaluru to be welcoming, “normal”, understated and subtle. For startups, he said, the city offers immense talent.

“If you have to build something, if you have to start a company, the access to talent at the cost you get in Bengaluru, I don’t think you get that anywhere in the world,” he said.

He also said that he meets several business leaders in Bengaluru including Biocon executive chairperson Kiran Mazumdar-Shaw.

“We are constantly working on projects to… how do we make Bangalore cooler in actual and from a narrative standpoint,” he said.

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After a stroke, Zerodha CEO discusses “health and wealth” in the first appearance. Who is Nithin Kamath?

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Zerodha is the biggest stock brokerage company in India, with its headquarters located in Bangalore, Karnataka. Nithin Kamath is the CEO and co-founder of Zerodha. He is a stockbroker, columnist for The Financial Express, and an entrepreneur from India. Because of his innovative work in discount broking, which contributed to Zerodha’s success, Nithin became well-known in the financial sector.

Nithin Kamath’s accomplishments and impact on the Indian business scene have been recognized. In 2016, The Economic Times listed him as one of the Top 10 Businessmen to Watch Out for in India, citing his contributions to discount broking, among other honors and recognitions he has won. Additionally, in 2019, he was honored with the Forbes India Leadership Award for Conscious Capitalist of the Year. His business ventures have also contributed significantly to his $1.5 billion net worth.

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The success of Zerodha is also well known. Zerodha was ranked first in the IIFL Wealth Hurun India 40 and Under Self-Made Rich List of 2020. This achievement demonstrates Nithin Kamath’s aptitude for entrepreneurship and establishes Zerodha as a major force in the Indian brokerage market.

Nithin Kamath- Biography

NAMENITHIN KAMATH
Nithin Kamath Date of Birth5th October, 1979
BirthplaceShivamogga, Karnataka, India
NationalityIndian
Zodiac SignLibra
Educational QualificationBachelor’s in Engineering
ProfessionEntrepreneur, Stockbroker, Columnist
PositionFounder & CEO, Zerodha
Nithin Kamath Net worth$2.7 Billion (2023)
Nithin Kamath FatherU.R Kamath
Nithin Kamath MotherRevati
Nithin Kamath BrotherNikhil Kamath
Nithin Kamath WifeSeema Patil
Nithin Kamath twitter@Nithin0dha
Nithin Kamath Instagram@nithinkamath

Nithin Kamath – Founder & CEO of Zerodha

Nithin Kamath - Founder & CEO of Zerodha

Nithin established Zerodha in August 2010 and is physically present in many of India’s largest cities. It is regarded as one of the biggest brokerage firms in India. Zerodha self-assessed to be worth $1 billion when she joined the Unicorn Club in June 2020. Three million deals are made every day on the online stock brokerage site, which has over 22 lakh active members.

How does Zerodha make money?

Zerodha is a low-cost trading service; it also has free add-ons that attract millions of customers to trade or invest in the stock market and pay brokerage to Zerodha. Besides that, it is an online platform that helps reduce operational costs and helps them scale up their business. Zerodha also spends money on advertising or marketing.

Nithin Kamath - Founder & CEO of Zerodha

Nithin Kamath suffered a “mild stroke” earlier this year. At the recently concluded Zero1 Fest, he made his first public appearance after the incident.

Nithin Kamath, the founder of Zerodha, revealed a few months ago that he had suffered a “mild stroke”. The entrepreneur shared the post back in February this year, revealing that he faced the health crisis around “six weeks ago”. In his share about his sudden illness, he also mentioned it would take him “three to six months” to recover fully. Nearly 14 hours ago, he took to his social media pages to share a picture that captured his first public appearance after the incident.

“Slowly getting back to normal,” Nithin Kamath tweeted, giving a glimpse into his recovery process. “At the Zero1 fest, talking about health and wealth with Israeli vlogger Nuseir Yassin and the founder of The Whole Truth, Shashank Mehta. He also tagged the official handle of FITTR, a fitness app.

Nithin Kamath wrapped up his post with a picture that shows him on the stage in conversation with others. He also posted the same photo on his Instagram page.

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Take a look at X users’ reactions to Nithin Kamath’s share:

“All the best, Nithin! Great to see you on stage!” wrote an X user.

“Good to see you back in the game!” added another.

“What are the changes? Or are there any new health protocols you are following,” asked a third.

“That’s great. Keep it up,” expressed a fourth.

“I was at the fest. Loved everything about it. The Zero1 Fest was awesome. The experience could have been better if the weather was not so hot and there was a designated parking place,” commented a fifth.

What is Zero1 Fest?

According to the official website, it is the “world’s first festival around money and wealth”. It took place on April 28 in Bangalore.

What are your thoughts on Nithin Kamath’s post on his first public appearance after facing a sudden health crisis months ago?

Nithin Kamath of Zerodha praises Sebi’s action to increase retail bond market participation.

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Jirodha is the Chief Executive Officer Nithin Kamath: The Securities and Exchange Board of India (SEBI) decided on Tuesday to lower corporate bonds’ face value from the current ₹1 lakh to ₹10,000 to encourage individual investors to participate in the debt market.

Nithin Kamath, the co-founder of Zerodha, has praised SEBI’s recent decision to cut the face value of corporate bonds. Kamath feels that bonds are a better first step for most Indians than stocks because they offer higher returns than fixed deposits and a lower risk than stocks.

It is thought that by reducing the face value of corporate bonds from the current ₹1 lakh to ₹10,000 from Tuesday, capital market regulator Securities & Exchange Board of India (SEBI) will encourage more retail investors to participate in the debt market.

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“Companies can now issue bonds with a face value of ₹10,000. This is a great move that can help attract retail participation in the bonds. With all the changes in the last few years, SEBI has done an amazing job of making bonds accessible to small investors,” Kamath wrote in a post on X.

Kamath had earlier spoken out against the non-availability of bonds to retail investors. Bonds have been an HNI product, and no one sold them to retail, he had said.

“There were two big issues: 1. Availability of bonds with small face values. Most bonds are issued through private placements and have face values of ₹10 lakh+. So retail investors were priced out. 2. All bond deals had to be settled through the clearing corporations, and they only accepted RTGS as a payment mode. So the minimum transaction size became ₹2 lakh + by default,” Kamath wrote in January 2023.

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However, Sebi has made some key changes that make it easy for retail investors to invest in corporate bonds, he noted.

Apart from lowering the denomination, Sebi has standardized the record date for identifying eligible holders, harmonized the format of the due diligence certificate provided by the debenture trustee, and provided flexibility regarding the publication of financial results in newspapers for entities that have listed only non-convertible securities.

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Sebi board also approved the proposal to provide an option to the issuers to issue NCDs or NCRPS through private placement mode at a reduced face value of ₹10,000 along with the requirement to appoint a merchant banker.

Such non-convertible debentures (NCDs) and non-convertible redeemable preference shares (NCRPS) should be plain vanilla, interest or dividend-bearing instruments. However, credit enhancements would be permitted in such instruments.

The regulator also approved the proposal that the record date for the payment of interest repayment of principal of debt securities or NCRPS should be 15 days before the due dates of such payment obligations.

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