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Zerodha's Kamath brothers take home Rs 72 crore each in remuneration in FY23

Money Control

Money Control · 1y ago

Zerodha's Kamath brothers take home Rs 72 crore each in remuneration in FY23

Zerodha's founders Nithin and Nikhil Kamath each received a remuneration of Rs 72 crore for the financial year ending March 2023. The company's COO Venu Madhav received Rs 15.4 crore in remuneration. Zerodha, valued at Rs 30,000 crore, reported a 39% growth in profit and revenue for FY22-23. However, there are concerns that its topline and profit could remain flat in FY24. Zerodha currently has around 6.48 million active investors, trailing behind Groww, which has 6.63 million active investors.

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Sharechat's CEO took 80L, CFO 3.11CR this year when the company lost Rs. 4000cr+

Money Control

Money Control · 1y ago

Sharechat's CEO took 80L, CFO 3.11CR this year when the company lost Rs. 4000cr+

ShareChat, a social media unicorn, reported net losses of Rs 5,144 crore in FY23, up by 72% from the previous year. Its top executives, including the CFO and co-founders, received a cumulative remuneration of Rs 5.77 crore. The CFO, Manohar Charan, was the highest-paid with a total compensation of Rs 3.11 crore. CEO Ankush Sachdeva's pay remained unchanged at Rs 80 lakh. ShareChat's revenue increased by 59% to Rs 553 crore, but expenses also rose significantly, including server rent, content development costs, and financing expenses.

Zerodha has 1.6 crore users, AUM of Rs 6 lakh crore: founder Nithin Kamath

Economic Times

Economic Times · 6m ago

Zerodha has 1.6 crore users, AUM of Rs 6 lakh crore: founder Nithin Kamath

Online stock broking company Zerodha has over 1.6 crore users and manages Rs 6 lakh crore in assets without significant advertising, according to founder Nithin Kamath. Kamath highlighted that nearly 30% of users are referred by existing customers. Despite competition from Groww, Zerodha's asset management subsidiary recently surpassed Rs 4,000 crore in assets, growing eight times since March 2024. The overall industry AUM was Rs 69.3 lakh crore as of December 2024.

Zerodha's Nithin Kamath on why WFH can't work for everyone: ‘Big gaps in…’

Livemint

Livemint · 1y ago

Zerodha's Nithin Kamath on why WFH can't work for everyone: ‘Big gaps in…’

Zerodha's co-founder, Nithin Kamath, shared his thoughts on the impact of work from home (WFH) on employee collaboration. He stated that while WFH worked well for support roles, it was detrimental for tech, business, and decision-making teams due to communication gaps. To address this, around 10% of Zerodha's core team began working from the office three days a week, resulting in a dramatically positive change. Kamath also mentioned a blog by Zerodha's CTO, Kailash Nadh, discussing the challenges and benefits of remote work.

Equity investors saved up to Rs 20,000 crore in 10 years on zero brokerage: Nithin Kamath

Economic Times

Economic Times · 4m ago

Equity investors saved up to Rs 20,000 crore in 10 years on zero brokerage: Nithin Kamath

Zerodha CEO Nithin Kamath revealed that investors saved between Rs 2,000 crore and Rs 20,000 crore over a decade after Zerodha eliminated brokerage charges for equity delivery. Despite challenges, the zero-brokerage policy remained, reflecting the substantial savings compared to standard market rates. Kamath emphasized the impact of brokerage costs on returns, stating these often-overlooked costs hinder profits. He clarified Zerodha's name origin as "Zero + Rodha" (barriers in Sanskrit), not "Zero + brokerage."

'Work from home failed for us in most critical areas,' says Zerodha’s Nithin Kamath

Inshorts · 1y ago

'Work from home failed for us in most critical areas,' says Zerodha’s Nithin Kamath

Zerodha CEO Nithin Kamath said that the work from home model didn't work for some of his employees. Kamath said the model failed for the organisation in the most critical areas. "It worked out great in first year, started losing its sheen in the second year and became detrimental to creativity...by the third year," Zerodha's CTO Kailash Nadh wrote.

'Not a business where deep pockets means larger moat': Kamath on JioBlackRock stockbroking license

IndianStartupNews

IndianStartupNews · 27d ago

'Not a business where deep pockets means larger moat': Kamath on JioBlackRock stockbroking license

Zerodha CEO Nithin Kamath responded positively to Jio-BlackRock's new stockbroking license, highlighting that deep pockets don't ensure success in this field. He emphasized Zerodha's focus on sustainable customer value rather than excessive trading. Kamath stated that his real competition is founder-led startups, not giants. Jio's potential market expansion was acknowledged, but Kamath doubted Jio's ability to match Zerodha's established position. His comments sparked user praise for Zerodha's disciplined growth approach.

Kamath brothers pick Rs 250 cr minority stake in InCred ahead of IPO

Economic Times

Economic Times · 1m ago

Kamath brothers pick Rs 250 cr minority stake in InCred ahead of IPO

Zerodha co-founders Nikhil and Nithin Kamath have invested Rs 250 crore to acquire a minority stake in InCred Holdings ahead of its IPO. InCred, founded in 2016, is a diversified lending platform serving retail and MSME borrowers in India. The Kamath brothers' investment underscores confidence in India's rapidly evolving, digitalized credit landscape. InCred utilizes proprietary risk analytics and digital operations to position itself as a leader in India's next-generation NBFC segment.

Gaming, e-sports to grow much bigger in 10 years: Nikhil Kamath

Money Control

Money Control · 1y ago

Gaming, e-sports to grow much bigger in 10 years: Nikhil Kamath

Zerodha Co-founder Nikhil Kamath said the gaming and e-sports industry will grow much bigger in the next 10 years. "[It] will grow at a pace faster than the old-school content," Kamath stated. His remarks come as gaming company Nazara Technologies announced it'd issue shares worth ₹100 crore to Zerodha's founders Nikhil and Nithin Kamath.

Zerodha's Nithin Kamath commits Rs 1,000 crore to fund startups via Rainmatter

Money Control

Money Control · 1y ago

Zerodha's Nithin Kamath commits Rs 1,000 crore to fund startups via Rainmatter

Zerodha's founder Nithin Kamath pledges Rs 1,000 crore to support startups through Rainmatter. The commitment aims to foster innovation and entrepreneurship in the startup ecosystem. Kamath's substantial investment demonstrates his dedication to nurturing emerging businesses and driving technological advancement. Rainmatter's initiative holds the potential to significantly contribute to the growth and development of startups in various sectors.

Zerodha’s Rainmatter invests Rs 275 crore in 2024 with major focus on climate, health

Economic Times

Economic Times · 7m ago

Zerodha’s Rainmatter invests Rs 275 crore in 2024 with major focus on climate, health

Zerodha's Rainmatter invested Rs 275 crore in 47 startups last year, focusing primarily on climate and health sectors. While traditionally leading in fintech investments, the firm supported 15 climate and 16 health startups in 2024, signifying a shift towards these emerging trends. Co-founder Nithin Kamath emphasized climate and health as future megatrends, aiming to support initiatives enhancing Indian health and planetary livability. Since 2016, Rainmatter has invested approximately Rs 700 crore in over 100 startups.

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