Zerodha founders, the richest self-made Indians
Zerodha offers financial services and stockbroking. The founders Nithin and Nikhil Kamath topped the list of self-made richest Indians under 40.
Divyank Turakhia, 38, founder of media.net, positioned in the second place with a net worth of ₹14,000 crores followed by Amod Malviya, Vaibhav Gupta and Sujeet Kumar, the co-founders of Udaan.
Nithin Kamath, 40, and Nikhil Kamath, 34 founded Zerodha, an online trading platform to offer commodity trading, mutual funds, currency trading etc.
The duo of brothers ranked first in the Wealth Hurun India 40 & Under Self-Made Rich List 2020. Their wealth increased by 58 per cent, with an estimated net worth of ₹24,000 crores.
Zerodha was founded in 2010. The company focused on the day traders initially. But, with their products and technology, they have grown enormously.
Now, it became one of the largest stockbrokers having many clients.
IIFL Wealth and Hurun India released the list of self-made entrepreneurs under 40 years with a wealth of ₹1,000 crores.
Kamath brothers who topped the list have grown over the time. They invested little money in their company and gradually developed with their services to the clients.
Zerodha also offers numerous educational initiatives to improve awareness among investors, especially newbies. Its Varsity helps educate young investors.
In addition to that, it runs an active forum for investors and traders to discuss stock ideas.
An investor can open an account in Zerodha with ₹300. There is no brokerage fee. Equity delivery investments are also free.
Zerodha charges a flat ₹20 for every trade. Thus, it attracts new clients. Each month around 2 lakh accounts has been adding to the company.
Kamath brothers have another firm True Beacon, an investment management company. It works on a zero-fee model. It neither charges account opening fee nor maintenance fee. There is no redemption fee as well. But, it charges a performance fee at the rate of 10 per cent on the gains at the end of the financial year.
Photo by William Iven on Unsplash (Free for commercial use)
You may also like
Image Reference: https://unsplash.com/photos/dAmHWsRYP9c
Recent Posts
- Natural ways to relieve muscle crampsThe good news is that natural remedies often work well to ease and prevent them.
- PSU misconduct may now cost full pension under new rulesUnder a recent amendment, PSU employees dismissed for misconduct may now lose their entire retirement benefits.
- UPSC Recruitment 2025: A golden opportunity for job aspirantsCandidates with a Bachelor’s degree, Master’s degree, or Bachelor of Engineering in relevant fields are eligible.
- Natural ways to relieve muscle cramps
What’s new at WeRIndia.com
News from 700+ sources
-
Instagram influencer Sharmishta Panoli arrested for communal post, sent to 14 days judicial custody
-
Dharma Productions breaks silence on abuse allegations against Janhvi-Ishaan’s Homebound’s cinematographer: ‘Any individual working with…’
-
Amid nepotism debate, Saif Ali Khan reflects on legacy he wants to leave for Sara, Ibrahim, Taimur, Jeh: ‘Not the money, not the fame, but…’
-
Union Minister Somanna inspects redevelopment works at Bidar railway station
-
Punjab Drug Smugglers On Back Foot: Police To Use GPS Anklets, AI-Backed Database To Track Them
-
Male infertility: How lab-produced sperm could transform fertility treatment in thefuture
-
WeRIndia – A News Aggregator
Visit werindia.com for all types of National | Business | World | Politics | Entertainment | Health related news and much more..
Leave a Reply