Nikhil Kamath, co-founder of Zerodha, believes that they have not arrived yet Despite building and scaling up one of the largest stock brokerage companies in India, he believes there are miles to go.
We have mostly virtual reality. It is not hard cash. The big names of Bajajs, Ambanis, Adanis We are iota of them in terms of wealth, he said in an interview with Mashable India.
Kamath started the online stock brokerage firm in 2009, along with his brother Nithin Kamath. In FY 22 the company had a profit of Rs 2,094 crore.
The investor and entrepreneur reminisced of his earlier days in the interview. He said that they started their company at the right time because awareness around stock market investing was very minimal. We would have failed miserably if we had started now. He said that there was much awareness about stock broking in India compared to the years when they started out.
He also revealed that their hunger has decreased over the years. We Nikhil and his brother are not as hungry as the new people on the block. We are a little bit content. He also revealed that while Nithin is a leader, he is a bit laid back and ensures that not many people report to him.
Nikhil and Nithin are also known for their philanthropic endeavours. They are among India's top 10 philanthropists in their personal capacity. Their donations jumped 308 per cent to reach Rs 100 crore in FY 22, making them the ninth-largest individual givers in India, according to the EdelGive Hurun Philanthropy List 2022.
Bill Gates, Microsoft's co-founder, applauded them for their philanthropic efforts. The billionaire recently took to Twitter to praise the Kamath brothers. Nithin 0 dha and nikhilkamathcio are incredible in their efforts to address climatechange and support entrepreneurs. He wrote on Twitter that I am inspired by the young leaders like them who are championing philanthropy in India. Gates had met the entrepreneur-duo during his visit in March.