The New Indian Express publishes Nithin Kamath’s story on his journey from a Trader, to Founder/ CEO of Zerodha, India’s first Online Discount Brokerage.
When 16-year-old Nithin Kamath first thought of making some pocket money, he was seeing silhouettes of potentiality, but not the potential. Clarity came through when some of his Marwari friends introduced him to trading stocks. So, while honing his hobbies of basketball, poker, triathlon and strumming the guitar, this engineering student was also mastering the complicated and stochastic ‘art’ of trading, where there is no space for venial error.
Today 33 years old, Nithin takes the Mr Micawber approach to economics – something will turn up. He owns a company with a unique brokerage-free model and contributes Rs 2,000-3,000 crore per day of turnover to the various Stock/Commodity/currency exchanges in the country.
“The early 2000s recession was a decline in economic activity which occurred mainly in developed countries. While I had an inclination towards taking up trading as a career while doing my engineering, the market conditions were not apt. I took up a job in a call center and the good thing about it was I could work in the nights and trade in morning. By 2004-05, I was working and trading. During this course of time, I met a retired man who wanted a stock portfolio, which I created. He became my first client. The confidence after getting more clients through referrals, made me open Kamath Associates, a financial advisory,” said Nithin.
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