Future Finance
Burned-Out Broker Got Rich Giving Free Trades to Millennials
- Nithin Kamath’s Zerodha is India’s most popular brokerage
- He faces a new tech-savvy rival as Paytm enters the market
This article is for subscribers only.
After a decade working as a trader and a broker in India, Nithin Kamath was burned out and frustrated with a securities industry that seemed stuck in the past.
So in 2009, Kamath did something radical. With markets still reeling from the global financial crisis, he struck out on his own to start an online brokerage from a 700 square-foot office in Bengaluru. At the time, people called him crazy. Not anymore.