August 01, 2021

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Kamath Brothers: Self-Made Young Billionaires Of India

Kamath Brothers: Self-Made Young Billionaires Of India

India has witnessed a rise in the number of self-made young billionaires in recent years.

Financial company Zerodha founders Nitin Kamath and Nikhil Kamath are the richest billionaires among the young self-made billionaires of India.

Nitin Kamath and Nikhil Kamath

Nitin Kamath and Nikhil Kamath are at the first position in the list of self-made young billionaires of India. The total value of their assets is more than Rs 24,000 crore.

Nitin Kamath, 40, and Nikhil Kamath, 34, founded the online share trading platform Zerodha in the year 2010.

Zerodha : Share trading platform

Zerodha is the largest share trading platform in India by client count.

After the entry of Zerodha in stock broking, the share broking charges have come down significantly.

Rs 100 crore annual salary

Zerodha : Also eligible for the same fat pay cheque is newly appointed whole-time director and Nithin’s wife Seema Patil.

Basic salary for the trio will be Rs 4.17 crore per month plus incentives and allowances of Rs 4.17 crore, taking the family’s yearly take home to a “neat Rs 300 crore” cumulatively, making them the “highest paid co-founders and directors in India’s startup ecosystem”, the report noted.

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