Nithin Kamath is the founder of Zerodha (India’s Largest Stoke trading app with over 9+ Million Active users). At the age of 17, he serves the post of CEO.
Age: 42 years
Title: CEO Zerodha
Net worth: 1.5 B dollars
Net Profit of ZERODHA:
Nithin Kamath’s total net worth is as follows, according to Wikipedia, Google, Forbes, IMDb, and other trustworthy web sources. You can see his net worth, salary, and other information from prior years under.
Nithin’s approximated net worth, monthly and annual salary, principal source of income, cars, lifestyle. Nithin has a net worth between $3 million and $5 million.
Nithin’s Yeezy shoes provided the majority of his income. Even though he had exaggerated the scale of his company throughout the years, the money he made from it was significant enough to make himself one of the wealthiest personalities of all time. As a well-known campaigner, he earns the majority of his money.
India first stock broker:
Zerodha is the most popular brokerage in India. It is the largest and most well-known broker, providing online flat fee cash back brokerage services for investing in stocks, currencies, commodities, initial public offerings (IPOs), and direct collective investment schemes.
Zerodha platform charges no brokerage For equity delivery trades & direct mutual funds. ، This flat is suitable for intraday and F&O trading. The charge for each exchange is $20.03. With Zerodha, the highest brokerage you can provide for a single order is $20.
In India, the model was quickly adopted. With 1.5 million members and 600,000 monthly users, the company is expanding its marketplace by engaging in digital financial entrepreneurs.
Net worth of Zerodha:
ZERODHA PROVED that it does not need any outside funding. In FY18, the company had a profit of Rs 352 crore on ROI of Rs 852 crore. Kite, the company’s mobile applications trading platform, is credited with the company’s success.
According to Nithin. Kite, he says, accounts for around 10% of total retail trade volumes in India, a large share among the country’s 400 commercial brokers.
Zerodha competes with large banks such as ICICI and HDFC, which are not technologically advanced. ICICI Securities was named India’s largest broker earlier this year, according to the business.
He attributed the difficulty to the “thinness” of the Indian markets, noting that despite the imposition of more than 6.5 crores in income taxes, only 50,000 had been invested.
Nithin Kamath Biography:
Nitin began handling his father’s trading account when he was 17 years old. Till 6 years, he worked as an owner trader while pursuing his undergraduate education.
He worked in a call centre for three years caused by a lack of business capital after spending time as a professional entrepreneur. And during the day during the Talesless Nights, they exchanged. He worked as a senior teleless business executive at a call service company’s overall success from January 2001 until June 2004.