Meet Mr. Nithin Kamath 4.16 crore monthly salaried, Bangalore based ZERODHA Founder

Nithin Kamath’s Early Life 

Nithin was born in Shivamogga, Karnataka, India to a Konkani family. His father, U.R. Kamath was employed as one of the executive with Canara Bank. His mother, Revathi taught to play the musical instrument, veena.

He also has a younger brother, Nikhil Kamath, who is the Co-founder at Zerodha. Nithin Kamath wife is Seema Patil, they both got married in 2008. He loves to play basketball. The couple was also blessed with a son named Kiaan.

During his childhood days, started out with him travelling across India while escorting his father's profession. He then settled in Bangalore in 1996, where he finished his secondary and college.

Nithin Kamath Education was completed when he graduated from Bangalore Institute of Technology specialized in Electronics and Telecommunications

At age 17, Nithin started managing his father's trading account. While pursuing his studies at college, he was already self employed as a Propriety Trader from January 1997 to January 2004.

After spending a substantial time as a professional trader, he worked at a call centre for three years due to the lack of trading capital. He traded during the day and did the Telesales at Nights. He worked for the call center focused company, Senior Telesales Executive from January 2001 to June 2004.

Nithin started his professional career as a sub-broker, when he partnered with Kamath Associates as a propriety trader. It was basically a franchisee of Reliance Money. He also deduced Portfolio advisory services. He worked at the company for six years i.e., from January 2004 to January 2010. Nithin and his younger brother, Nikhil founded their own stock brokerage firm, Zerodha by the end of 2010.

Zerodha offers trading in equities, currencies, bonds, commodities and mutual funds. An investor needs to pay Rs.300 to open his Zerodha account. They provide free equity delivery investments. Equity delivery, equity intraday, futures and options variably charge Security transaction tax. A flat fee of Rs.20 is asked for every trade irrespective of its size without brokerage fee. Nearly, 2 lakh Zerodha accounts adds up every month. The Zerodha login and interface is also easy to navigate and is designed to help beginners.

Zeroda Kite a new addition to zerodha is an online trading software that allows its users to trade at BSE, NSE and MCX. It's a front-end application that is built in-house by Zerodha engineers. Zerodha margin calculator is another popular tool that lets its customers calculate the margin required for a futures contracts.

Zerodha is a low costing trading service, it also has free add ons that attracts million of customers to trade or invest in stock market and pay brokerage to zerodha. Besides that, it is an online platform which helps in reducing the operational cost and helps them scale-up their business. Zerodha also doest spend money on advertising or marketing.

Under the leadership of Nithin, Zerodha runs a number of popular open online educational and community initiatives. The company launched a learning module, Varsity, to educate the young investors investing for the very first time. It also runs an active forum of Q&A, where traders and investors can discuss stock ideas. Varsity tutors are certified and well trained. The platform also an interactive blog called, "Z Connect".

Nithin Kamath’ Salary 

Nithin and Nikhil Kamath, each will now get Rs. 100 Crore as salary. They have become the highest-paid co-founders in the Indian startup ecosystem. Recently, Zerodha’s board has passed a resolution that indicates that Nithin Kamath will be getting a yearly remuneration of about Rs 100 crore.

Because of Zerodha Nithin Kamath salary is estimated to be Rs 4.1 crore per month and 2 crores as house rent allowance,1.6 crores as ‘other perquisites, and 41 lakh as other allowances.In addition, he will get a variable pay and a bonus,as decided by the board. His annual salary has become Rs 100 cr. making him the highest-paid co-founder of startups in India. Nithin, his wife Seema Patil, and brother Nikhil Kamath, trio will be getting annual compensation of Rs 300 crore.